Common use of Alternate Currency Loans Clause in Contracts

Alternate Currency Loans. (A) 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 Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), each Alternate Currency Bank 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 Bank's applicable Alternate Currency Commitment; provided, however, at no time shall the Dollar Amount of the outstanding principal amount of the Alternate Currency Loans for all Alternate Currencies plus the outstanding principal amount of all Eurocurrency Rate Loans in Agreed Currencies other than Dollars exceed the Dollar Amount of $400,000,000 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 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 then only to the extent permitted in Section 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 in the applicable Alternate Currency at any time prior to the Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Termination Date (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 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 in Section 2.5(B)(ii).

Appears in 1 contract

Samples: Credit Agreement (American National Can Group Inc)

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Alternate Currency Loans. (Ai) Upon the satisfaction of the conditions precedent set forth in Article V Sections 4.1, 4.2 and 4.3 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 Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), each applicable Alternate Currency Bank 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 Bank's applicable Alternate Currency Commitment; provided, however, at no time shall the Dollar Amount of the -------- ------- outstanding principal amount of the Alternate Currency Loans for all Alternate Currencies plus the outstanding principal amount of all Eurocurrency Rate Loans in Agreed Currencies other than Dollars exceed the Dollar Amount of $400,000,000 80,000,000 other than as a result of currency fluctuations and then only to the extent permitted in Section 2.5(B)(ii2.5.3.(B)(i)(d); provided, ----------------------- -------- further, at no time shall the 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 then only to the extent permitted in Section 2.5(B)(ii2.5.3.(B)(i)(d). Each borrowing of Alternate ----------------------- Currency Loans under this Section 2.1.4. shall consist of Alternate Currency -------------- Loans made by each applicable Alternate Currency Bank ratably in proportion to such Alternate Currency Bank's respective Alternate Currency 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 in the applicable Alternate Currency at any time prior to the Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency AddendumAddendum or pursuant to Section 2.1.4(iv) below), ----------------- the outstanding principal balance of the Alternate Currency Loans shall be paid in full by the applicable Borrower Borrower, and prior to the Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency AddendumAddendum or pursuant to Section 2.1.4(iv) below) prepayments of the Alternate ----------------- Currency Loans shall be made by the applicable Borrower if and to the extent required in Section 2.5(B)(ii2.5.3.(B).. -----------------

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

Alternate Currency Loans. (A) 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 Termination Date (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum), each Alternate Currency Bank agrees, on the terms and -50- 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 Bank's applicable Alternate Currency Commitment; provided, however, at no time shall the Dollar Amount of the outstanding principal amount of the Alternate Currency Loans for all Alternate Currencies plus the outstanding principal amount of all Eurocurrency Rate Loans in Agreed Currencies other than Dollars exceed the Dollar Amount of $400,000,000 150,000,000 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 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 then only to the extent permitted in Section 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 in the applicable Alternate Currency at any time prior to the Termination Date (unless an or such earlier termination date as shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Termination Date (unless an 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 Termination Date (unless an 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 in by Section 2.5(B)(ii).

Appears in 1 contract

Samples: Credit Agreement (Lanier Worldwide Inc)

Alternate Currency Loans. (Ai) Upon the satisfaction of the conditions precedent set forth in Article V Sections 4.1, 4.2 and 4.3 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 Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), each applicable Alternate Currency Bank 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 Bank's applicable Alternate Currency Commitment; provided, however, at no time -------- ------- shall the Dollar Amount of the outstanding principal amount of the Alternate Currency Loans for all Alternate Currencies plus the outstanding principal amount of all Eurocurrency Rate Loans in Agreed Currencies other than Dollars exceed the Dollar Amount of $400,000,000 80,000,000 other than as a result of currency fluctuations and then only to the extent permitted in Section 2.5(B)(ii------- 2.5.3.(B)(i)(d); provided, further, at no time shall the 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 then only to the extent permitted in Section 2.5(B)(ii2.5.3.(B)(i)(d). ----------------------- Each Alternate Currency Loan under this Section 2.1.4. shall consist of ------------- Alternate Currency Loans made by each applicable Alternate Currency Bank ratably in proportion to such Alternate Currency Bank's respective Alternate Currency 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 in the applicable Alternate Currency at any time prior to the Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Termination Date (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 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 in Section 2.5(B)(ii2.5.3.(B).. -----------------

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

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Alternate Currency Loans. (A) 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 Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum), each the Alternate Currency Bank 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 Bank's applicable Alternate Currency Commitment; provided, however, at no time shall the Dollar Amount of the outstanding principal amount of the Alternate Currency Loans for (i) denominated in all Alternate Currencies plus other than Canadian Dollars, when aggregated with the outstanding principal amount Dollar Amount of all Eurocurrency Rate Loans Advances in Agreed Currencies other than Dollars and Canadian Dollars, exceed the Maximum Eurocurrency Amount or (ii) denominated in Canadian Dollars, when aggregated with the Dollar Amount of $400,000,000 all L/C Obligations denominated in Canadian Dollars, exceed the Maximum Canadian 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 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 then only to the extent permitted in Section 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 in the applicable Alternate Currency at any time prior to the Termination Date (unless an earlier termination date shall be specified in or pursuant to the applicable Alternate Currency Addendum). On the Termination Date (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 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 in Section 2.5(B)(ii).

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

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