Alternative Currencies. (a) The Borrower may from time to time request that one or more L/C Issuers issue and maintain Letters of Credit denominated in a currency other than Dollars. Any such request shall be subject to the approval of the L/C Issuer that will be issuing Letters of Credit in such currency.
Appears in 19 contracts
Samples: Credit Agreement (BWX Technologies, Inc.), Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.)
Alternative Currencies. (a) The Any Borrower may from time to time request that one or more L/C Issuers issue and maintain Letters of Credit denominated in a currency other than Dollars. Any such request shall be subject to the approval of the L/C Issuer that will be issuing Letters of Credit in such currency.
Appears in 2 contracts
Samples: Credit Agreement (BWX Technologies, Inc.), Credit Agreement (BWX Technologies, Inc.)
Alternative Currencies. (a) The Borrower may from time to time request that one or more the L/C Issuers Issuer issue and maintain Letters a Letter of Credit denominated in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars. Any In the case of any such request, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer that will be issuing Letters such requested Letter of Credit in such currencyCredit.
Appears in 1 contract
Samples: Credit Agreement (Flowserve Corp)
