Additional Available Currencies Sample Clauses
The 'Additional Available Currencies' clause defines which currencies, beyond the primary one specified in the agreement, may be used for payments or settlements. In practice, this clause lists alternative currencies that parties can choose from if the main currency becomes unavailable or impractical to use, such as due to regulatory restrictions or market disruptions. Its core function is to provide flexibility and continuity in financial transactions by ensuring that obligations can still be fulfilled even if the primary currency cannot be used.
Additional Available Currencies. (a) The U.S. Borrower may from time to time request that Eurocurrency Rate Revolving Loans be made and/or Letters of Credit be issued under any Revolving Facility in a currency other than those specifically listed in the definition of “Available Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Revolving Loans, such request shall be subject to the reasonable approval of the Agent and the Revolving Lenders under the applicable Revolving Facility; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the reasonable approval of the Agent and each Issuing Bank that is requested to issue Letters of Credit in such currency.
(b) Any such request shall be made to the Agent not later than 11:00 a.m., fifteen (15) Business Days prior to the date of the desired Revolving Loan or issuance of any Letter of Credit in the applicable currency (or such other time or date as may be agreed by the Agent and, in the case of any such request pertaining to Letters of Credit, each applicable Issuing Bank, in its or their sole discretion). In the case of any such request pertaining to Eurocurrency Rate Loans under any Revolving Facility, the Agent shall promptly notify each Revolving Lender under such Revolving Facility thereof; and in the case of any such request pertaining to Letters of Credit, the Agent shall promptly notify each Issuing Bank that is requested to issue Letters of Credit in such currency thereof. Each Revolving Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) under the applicable Revolving Facility or each applicable Issuing Bank (in the case of a request pertaining to Letters of Credit to be issued by such Issuing Bank) shall notify the Agent, not later than 11:00 a.m., five (5) Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.
(c) Any failure by a Lender or an Issuing Bank, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or such Issuing Bank, as the case may be, to permit Eurocurrency Rate Loans to be m...
Additional Available Currencies. 7074 SECTION 1.10 Limited Condition Acquisitions ............................................................................. 7075 SECTION 1.11
Additional Available Currencies. The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Available Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. Any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer. Any such request shall be made to the Administrative Agent not later than 11:00 a.m., twenty (20) Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and the applicable L/C Issuer, in their sole discretion). The Administrative Agent shall promptly notify the applicable L/C Issuer thereof. The applicable L/C Issuer shall notify the Administrative Agent, not later than 11:00 a.m., ten (10) Business Days after receipt of such request whether it consents, in its sole discretion, to the issuance of Letters of Credit in such requested currency. Any failure by the applicable L/C Issuer to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such L/C Issuer to permit Letters of Credit to be issued in such requested currency. If the Administrative Agent and the applicable L/C Issuer consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Available Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.12, the Administrative Agent shall promptly so notify the Borrower.
Additional Available Currencies. The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Available Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. Any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer. Any such request shall be made to the Administrative Agent not later than 11:00 a.m., twenty (20) Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and the applicable L/C Issuer, in their sole discretion). The Administrative Agent shall promptly notify the applicable L/C Issuer thereof. The applicable L/C Issuer shall notify the Administrative Agent, not later than 11:00 a.m., ten (10) Business Days after receipt of such request whether it consents, in its sole discretion, to the issuance of Letters of Credit in such requested currency. Any failure by the applicable L/C Issuer to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such L/C Issuer to permit Letters of Credit to be issued in such requested
Additional Available Currencies. 6965 SECTION 1.10 Letter of Credit Amounts 7066 SECTION 1.11 Limited Condition Transactions 7066 SECTION 1.12 Interest Rates; Benchmark Notification. 7167 SECTION 1.13 Divisions 7267 SECTION 1.14 Pro Forma Calculations 7268 ARTICLE II THE CREDITS SECTION 2.01 Commitments 7369 SECTION 2.02 Loans and Borrowings 7469 SECTION 2.03 Swingline Loans. 7571 SECTION 2.04 Letters of Credit 7772 SECTION 2.05 Termination and Reduction of Commitments 8378 SECTION 2.06 Repayment of Loans 8378 SECTION 2.07 Evidence of Debt 8478 SECTION 2.08 Optional Prepayment of Loans 8479 SECTION 2.09 Mandatory Prepayment of Loans 8580 SECTION 2.10 Fees 8882 SECTION 2.11 Interest 8983 SECTION 2.12 Conversion/Continuation Options 9185 SECTION 2.13 Payments and Computations 9186 SECTION 2.14 Increased Costs; Change of Law, Etc. 9387 SECTION 2.15 Taxes 9589 SECTION 2.16 Allocation of Proceeds; Sharing of Setoffs 9993 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 10194 SECTION 2.18 Alternate Rate of Interest 10195 SECTION 2.19 Incremental Facilities 10497 SECTION 2.20 Defaulting Lenders 108101 -i- US-DOCS\147522098.13158668077.2