Common use of Alternate Currency Loans Clause in Contracts

Alternate Currency Loans. (i) Subject to the terms and conditions of this Agreement and the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the Administrative Agent and the applicable Alternate Currency Lenders agree, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, (i) at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount of the Alternate Currency Loans for any specific Alternate Currency exceed the amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum and (iv) at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency Loan.

Appears in 3 contracts

Samples: Credit Agreement (Cardinal Health Inc), Assignment Agreement (Cardinal Health Inc), Assignment and Assumption Agreement (Cardinal Health Inc)

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Alternate Currency Loans. (i) Subject to the terms and conditions of this Agreement and the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the Administrative Agent and the applicable Alternate Currency Lenders agree, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, (i) at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount of the Alternate Currency Loans for any specific Alternate Currency exceed the amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum and (iv) at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000100,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency Loan. If an Alternate Currency Addendum includes an alternate definition of “Eurocurrency Base Rate” referencing an interbank market other than the London interbank market and/or different times and/or different rate quotation screens relative to the applicable Eligible Currency, then (solely with respect to any Alternate Currency Loans made pursuant to such Alternate Currency Addendum denominated in such Eligible Currency) the term “Eurocurrency Base Rate” shall, notwithstanding the definition thereof in Section 1.1, be deemed to mean the Eurocurrency Base Rate as defined in such Alternate Currency Addendum.

Appears in 2 contracts

Samples: Credit Agreement (Cardinal Health Inc), Credit Agreement (Cardinal Health Inc)

Alternate Currency Loans. (ia) Subject to Upon the terms satisfaction of the conditions precedent set forth in Article V hereof and conditions of this Agreement and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date termination of the Aggregate Tranche B Revolving Loan Commitment or the Aggregate Tranche D Revolving Loan Commitment, as applicable (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable each Alternate Currency Lenders agreeBank agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s Bank's applicable Alternate Currency Commitment; provided, however, (i) provided that at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (ivthen only to the extent permitted in Section 2.5(b)(ii) and provided, further, that at no time shall (i) the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment the Tranche B Revolving Credit Obligations exceed the Aggregate Tranche B Revolving Loan Commitments or (ii) the Dollar Amount of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency the Tranche D Revolving Credit Obligations exceed the Aggregate Tranche D Revolving Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareCommitments. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans in the applicable Alternate Currency at any time prior to the Facility Termination Datetermination of the Aggregate Tranche B Revolving Loan Commitment or the Aggregate Tranche D Revolving Loan Commitment, as applicable (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination Datetermination of the Aggregate Tranche B Revolving Loan Commitment or the Aggregate Tranche D Revolving Loan Commitment, as applicable (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date termination of the Aggregate Tranche B Revolving Loan Commitment or the Aggregate Tranche D Revolving Loan Commitment, as applicable (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this AgreementSection 2.5(b)(ii). Subject For the avoidance of doubt, it is understood that no Lender shall have any obligation hereunder to the applicable execute an Alternate Currency Addendum, each Addendum and so to become an Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency LoanBank.

Appears in 2 contracts

Samples: Credit Agreement (Trimble Navigation LTD /Ca/), Credit Agreement (Trimble Navigation LTD /Ca/)

Alternate Currency Loans. (i) Subject to Upon the terms execution of an applicable Alternate Currency Addendum and upon the satisfaction of the conditions of this Agreement precedent set forth in Sections 4.1, 4.2 and the 4.3 hereof and set forth in such applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), each of the Administrative Agent and the applicable Lenders in its capacity as an Alternate Currency Lenders agreeBank agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower or Borrowers party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each the lesser of (i) such Alternate Currency Lender’s Bank's applicable Alternate Currency CommitmentCommitment and (ii) such Lender's Percentage of the Available Amount; provided, however, (i) at no time shall the outstanding principal amount Dollar Amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount of the Alternate Currency Loans and Competitive Bid Loans for any specific all Alternate Currencies other than Dollars exceed the Maximum Alternate Currency exceed Amount other than as a result of currency fluctuations and then only to the amount specified extent permitted in Section 2.5.3.(B)(i)(d). For all purposes of this Section 2.1.2, where reference is made to a Lender's Percentage, where a Lender has designated an Affiliate, branch or agency of it to act as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum and (iv) at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender Bank, it shall be deemed to utilize such the designating Lender’s Multicurrency Commitment's Percentage which is utilized for purposes hereof. Each Alternate Currency Loan Advance under this Section 2.1.2. shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender Bank ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Share's Percentage. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination DateDate (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum). On the Facility Termination DateDate (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans Advances shall be made by the applicable Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency Loanin Section 2.5.3.(B).

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Crane Co /De/), Multicurrency Credit Agreement (Crane Co /De/)

Alternate Currency Loans. (ia) Subject to Upon the terms satisfaction of the conditions precedent set forth in Section 5 hereof and conditions of this Agreement and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable Alternate Currency Lenders agreeBank agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s Bank's applicable Alternate Currency Commitment; provided, however, (i) at no time shall the Dollar Amount of the outstanding principal amount of all the Alternate Currency Loans for all Alternate Currencies exceed $25,000,000 other than as a result of currency fluctuations and then only to the Alternate Currency Commitment for such currencyextent permitted in Section 2.5(B)(ii); provided, (ii) further, at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (iv) at no time shall then only to the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably extent permitted in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareSection 2.5(B)(ii). Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination DateDate (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination DateDate (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency Loanin Section 2.5(B)(ii).

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

Alternate Currency Loans. (i) Subject to Alternate Currency Letters of Credit; Procedures. Upon the terms satisfaction of the conditions precedent set forth in Sections 4.1, 4.2 and conditions of this Agreement 4.3 hereof and set forth in the applicable Alternate Currency AddendumDocuments, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date Termination Date shall be specified in the applicable Alternate Currency AddendumDocuments), the Administrative Agent and the applicable Alternate Currency Lenders agree, Lender agrees on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency AddendumDocuments, to make Alternate Currency Loans under such to or to issue one or more Alternate Currency Addendum to Letters of Credit for the applicable account of any Subsidiary Borrower party to such identified in an Alternate Currency Addendum from time to time in the applicable Alternate Currency, such Alternate Currency Credit in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, (i) at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall minus the aggregate Dollar Amount of all outstanding principal amount of Alternate Currency Obligations at such time. Procedures for making Alternate Currency Credits, with respect to any Subsidiary Borrower, shall be established pursuant to the Alternate Currency Loans for any specific Alternate Currency exceed the amount specified as the maximum amount for Documents applicable to such Alternate Currency in Subsidiary Borrower and the applicable Alternate Currency Addendum and (iv) at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareCurrency. Subject to the terms of this Agreement and the applicable Alternate Currency AddendumDocuments, the Subsidiary Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Loans Credits shall be paid in full by the applicable Subsidiary Borrower and prior to the Facility Termination Date prepayments of the Alternate Currency Loans Credits shall be made by the applicable Subsidiary Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency Loanin Section 2.3(h).

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Brightpoint Inc)

Alternate Currency Loans. (i) Subject to Upon the terms satisfaction of the conditions precedent set forth in Article V hereof and conditions of this Agreement and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date termination of the Aggregate Tranche B Revolving Credit Commitment (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable each Alternate Currency Lenders agreeBank agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s Bank's applicable Alternate Currency Commitment; provided, howeverfurther, (i) at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (ivthen only to the extent permitted in Section 2.5(b)(ii) and provided, further that at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency the Tranche B Revolving Credit Obligations exceed the Aggregate Tranche B Revolving Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareCommitments. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans in the applicable Alternate Currency at any time prior to the Facility Termination Datetermination of the Aggregate Tranche B Revolving Credit Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination Datetermination of the Aggregate Tranche B Revolving Credit Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date termination of the Aggregate Tranche B Revolving Credit Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this AgreementSection 2.5(b)(ii). Subject For the avoidance of doubt, it is understood that no Lender shall have any obligation hereunder to the applicable execute an Alternate Currency Addendum, each Addendum and so to become an Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency LoanBank.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Alternate Currency Loans. (ia) Subject to Upon the terms satisfaction of the conditions precedent set forth in Article V and conditions of this Agreement and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date termination of the Aggregate Commitment (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable each Alternate Currency Lenders agreeLender agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, (i) provided that at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (iv) then only to the extent permitted in Section 2.5(b)(ii); provided further that at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Sharethe Revolving Credit Obligations exceed the Aggregate Commitments. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans in the applicable Alternate Currency at any time prior to the Facility Termination Datetermination of the Aggregate Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination Datetermination of the Aggregate Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date termination of the Aggregate Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this AgreementSection 2.5(b)(ii). Subject For the avoidance of doubt, it is understood that no Lender shall have any obligation hereunder to the applicable execute an Alternate Currency Addendum, each Addendum and so to become an Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency LoanLender.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

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Alternate Currency Loans. (ia) Subject to Upon the terms satisfaction of the conditions precedent set forth in Article V and conditions of this Agreement and in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement Effective Date and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date termination of the Aggregate Multicurrency Tranche Revolving Loan Commitment (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable each Alternate Currency Lenders agreeLender agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, (i) provided that at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (iv) then only to the extent permitted in Section 2.05(b)(ii); provided further that at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s the Multicurrency Tranche Revolving Credit Obligations exceed the Aggregate Multicurrency Tranche Revolving Loan Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans in the applicable Alternate Currency at any time prior to the Facility Termination Datetermination of the Aggregate Multicurrency Tranche Revolving Loan Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination Datetermination of the Aggregate Multicurrency Tranche Revolving Loan Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date termination of the Aggregate Multicurrency Tranche Revolving Loan Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this AgreementSection 2.05(b)(ii). Subject For the avoidance of doubt, it is understood that no Lender shall have any obligation hereunder to the applicable execute an Alternate Currency Addendum, each Addendum and so to become an Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency LoanLender.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Alternate Currency Loans. (iA) Prior to the Closing Date, certain “Alternate Currency Loans” were previously made to certain of the Alternate Currency Borrowers under the Existing Credit Agreement which remain outstanding as of the date of this Agreement (such outstanding alternate currency loans being hereinafter referred to as the “Previous Alternate Currency Loans”). Subject to the terms and conditions set forth in this Agreement, on the Closing Date but subject to the satisfaction of the conditions precedent set forth in Sections 5.1 and 5.2 (as applicable), the Previous Alternate Currency Loans shall be reevidenced as Alternate Currency Loans under, and subject to the terms of, this Agreement Agreement. Upon the satisfaction of the conditions precedent set forth in Article V hereof and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable Alternate Currency Lenders agreeBank agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Alternate Currency Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency LenderBank’s applicable Alternate Currency Commitment; provided, however, (i) at no time shall the Dollar Amount of the outstanding principal amount of all the Alternate Currency Loans (i) denominated in all Alternate Currencies other than Canadian Dollars and Australian Dollars, when aggregated with the Dollar Amount of all Eurocurrency Rate Advances in Agreed Currencies other than Dollars, Canadian Dollars and Australian Dollars, exceed the Alternate Currency Commitment for such currencyMaximum Eurocurrency Amount, (ii) denominated in Canadian Dollars, when aggregated with the Dollar Amount of all L/C Obligations denominated in Canadian Dollars, exceed the Maximum Canadian Amount or (iii) denominated in Australian Dollars, when aggregated with the Dollar Amount of all L/C Obligations denominated in Australian Dollars, exceed the Maximum Australian Amount, in each case, other than as a result of currency fluctuations and then only to the extent permitted in Section 2.5(B)(ii); provided, further, at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (iv) at no time shall then only to the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably extent permitted in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareSection 2.5(B)(ii). Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Alternate Currency Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination DateDate (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination DateDate (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Alternate Currency Borrower and prior to the Facility Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Alternate Currency Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency Loanin Section 2.5(B)(ii).

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

Alternate Currency Loans. (ia) Subject to Upon the terms satisfaction of the conditions precedent set forth in Article V and conditions of this Agreement and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement Closing Date and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date termination of the Aggregate Revolving Loan Commitment (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable each Alternate Currency Lenders agreeLender agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, (i) provided that at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (iv) then only to the extent permitted in Section 2.6(b)(ii); providedfurther that at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency the Revolving Credit Obligations exceed the Aggregate Revolving Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareCommitments. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans in the applicable Alternate Currency at any time prior to the Facility Termination Datetermination of the Aggregate Revolving Loan Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination Datetermination of the Aggregate Revolving Loan Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date termination of the Aggregate Revolving Loan Commitment (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this AgreementSection 2.6(b)(ii). Subject For the avoidance of doubt, it is understood that no Lender shall have any obligation hereunder to the applicable execute an Alternate Currency Addendum, each Addendum and so to become an Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency LoanLender.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Alternate Currency Loans. (iA) Subject to Upon the terms satisfaction of the conditions precedent set forth in Article V hereof and conditions of this Agreement and set forth in the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the Administrative Agent and the applicable each Alternate Currency Lenders agreeBank agrees, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s Bank's applicable Alternate Currency Commitment; provided, howeverfurther, (i) at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount Dollar Amount of the Alternate Currency Loans for any specific Alternate Currency exceed the maximum amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum other than as a result of currency fluctuations and (ivthen only to the extent permitted in Section 2.5(B)(ii) and provided, further that at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s Multicurrency Commitment. Each Alternate Currency the Tranche B Revolving Credit Obligations exceed the Aggregate Tranche B Revolving Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency ShareCommitments. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the applicable Borrowers may borrow, repay and reborrow Alternate Currency Loans in the applicable Alternate Currency at any time prior to the Facility Termination DateDate (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Facility Termination DateDate (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date (or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum) prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this AgreementSection 2.5(B)(ii). Subject For the avoidance of doubt, it is understood that no Lender shall have any obligation hereunder to the applicable execute an Alternate Currency Addendum, each Addendum and so to become an Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Rate for such period as if such Loan were a Eurocurrency LoanBank.

Appears in 1 contract

Samples: Credit Agreement (Lanier Worldwide Inc)

Alternate Currency Loans. (i) Subject to the terms and conditions of this Agreement and the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the Administrative Agent and the applicable Alternate Currency Lenders agree, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s 's applicable Alternate Currency Commitment; provided, however, (i) at no time shall the outstanding principal amount of all Alternate Currency Loans exceed the Alternate Currency Commitment for such currency, (ii) at no not time shall the Aggregate Multicurrency Outstanding Credit Exposure exceed the Aggregate Multicurrency Commitments, (iii) at no time shall the aggregate outstanding principal amount of the Alternate Currency Loans for any specific Alternate Currency exceed the amount specified as the maximum amount for such Alternate Currency in the applicable Alternate Currency Addendum and (iv) at no time shall the aggregate Alternate Currency Commitments exceed $50,000,000. The Dollar Equivalent Amount of any Alternate Currency Commitment of an Alternate Currency Lender shall be deemed to utilize such Lender’s 's Multicurrency Commitment. Each Alternate Currency Loan shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s 's respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the Borrowers may borrow, repay and reborrow Alternate Currency Loans at any time prior to the Facility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower and prior to the Facility Termination Date prepayments of the Alternate Currency Loans shall be made by the applicable Borrower if and to the extent required by this Agreement. Subject to the applicable Alternate Currency Addendum, each Alternate Currency Loan shall have a maturity of one, two, three or six months and bear interest at the Eurocurrency Alternate Currency Rate for such period plus the Applicable Margin as if such Loan were a Eurocurrency Loan.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

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