Alternative Currency Loans Sample Clauses

Alternative Currency Loans. Each Borrowing of Alternative Currency Loans, and each continuation of an Alternative Currency Term Rate Loan shall be made upon the Borrower’s irrevocable notice to the Lender, which may be given by (A) telephone or (B) a Committed Loan Notice; provided, that, any telephonic notice must be confirmed immediately by delivery to the Lender of a Committed Loan Notice. Each such Committed Loan Notice must be received by the Lender not later than 11:00 a.m. (Eastern time) three Business Days (or five Business Days in the case of a Special Notice Currency) prior to the requested date of any Borrowing or, in the case of Alternative Currency Term Rate Loans, any continuation. Each Borrowing of or continuation of Alternative Currency Loans shall be in the minimum amounts set forth in the Agreement for Loans bearing interest at the Eurocurrency Rate and denominated in the applicable Alternative Currency. Each Committed Loan Notice shall specify (i) whether the Borrower is requesting a Borrowing or a continuation of Alternative Currency Term Rate Loans, (ii) the requested date of the Borrowing or continuation, as the case may be (which shall be a Business Day), (iii) the currency and principal amount of Loans to be borrowed or continued, (iv) the Type of Loans to be borrowed, (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a currency in a Loan Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If the Borrower fails to specify a Type of Loan in a Committed Loan Notice or if such Borrower fails to give a timely notice requesting a continuation, then the applicable Loans shall be made as Base Rate Loans denominated in Dollars; provided, however, that, in the case of a failure to timely request a continuation of Alternative Currency Term Rate Loans, such Loans shall be continued as Alternative Currency Term Rate Loans in their original currency with an Interest Period of one (1) month. If the Borrower requests a Borrowing of or continuation of Alternative Currency Term Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Except as otherwise specified in the Agreement, no Alternative Currency Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be repaid in the original currency of such Alternative Currency Loan and reborrowed...

Alternative Currency Loans. The initial Interest Period for each Group of Alternative Currency Loans shall be specified by the Borrower in the applicable Notice of Borrowing. The Borrower may specify the duration of each subsequent Interest Period applicable to such Group of Alternative Currency Loans by delivering to the Administrative Agent, not later than 12:00 Noon (New York City time) on the fourth Business Day before the end of the immediately preceding Interest Period, a notice specifying the Group of Loans to which such notice applies and the duration of such subsequent Interest Period (which shall comply with the provisions of the definition of Interest Period). Such notice may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the Dollar Amounts of the portion to which such notice applies, and the remaining portion to which it does not apply, are each at least $2,000,000. If no such Notice of Extension/Conversion is timely received by the Administrative Agent before the end of any applicable Interest Period, the Borrower shall be deemed to have elected that the subsequent Interest Period for such Group of Loans shall have a duration of one month (subject to the provisions of the definition of Interest Period).

Alternative Currency Loans. Each payment (including repayments described in Article II) by the Borrower on account of the principal of or interest on the Loans denominated in any Alternative Currency shall be made in such Alternative Currency not later than 11:00 a.m. (the time of the Administrative Agent's Correspondent) on the date specified for payment under this Agreement to the Administrative Agent's account with the Administrative Agent's Correspondent for the account of the Lenders (other than as set forth below) pro rata in accordance with their respective Commitment Percentages (other than as set forth below) in immediately available funds, and shall be made without any set-off, counterclaim or deduction whatsoever. Any payment received after such time but before 12:00 noon (the time of the Administrative Agent's Correspondent) on such day shall be deemed a payment on such date for the purposes of Section 11.1, but for all other purposes shall be deemed to have been made on the next succeeding Business Day. Any payment received after 12:00 noon (the time of the Administrative Agent's Correspondent) shall be deemed to have been made on the next succeeding Business Day for all purposes.

Alternative Currency Loans. Each payment by the Borrower on account of the principal of or interest on the Alternative Currency Loans shall be made in such Alternative Currency not later than 11:00 a.m. (the time of the Administrative Agent's Correspondent) on the date specified for payment under this Agreement to the Administrative Agent's account with the Administrative Agent's Correspondent for the account of the Alternative Currency Lender (other than as set forth below) in immediately available funds, and shall be made without any set-off, counterclaim or deduction whatsoever. Any payment received after such time but before 12:00 noon (the time of the Administrative Agent's Correspondent) on such day shall be deemed a payment on such date for the purposes of Section 11.1, but for all other purposes shall be deemed to have been made on the next succeeding Business Day. Any payment received after 12:00 noon (the time of the Administrative Agent's Correspondent) shall be deemed to have been made on the next succeeding Business Day for all purposes.

Alternative Currency Loans. Notwithstanding anything to the contrary contained in this Agreement, (a) Alternative Currency Loans shall at all times constitute LIBOR Rate Loans and (b) during the existence of an Event of Default, the Required Lenders may demand that any or all of the then outstanding Alternative Currency Loans be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto. Capitalized terms used and not otherwise defined in this Exhibit 3 shall have the meanings attributed to such terms in the Loan Agreement. The undersigned, VSE CORPORATION, a Delaware corporation (the “Primary Operating Company”), for itself and as attorney-in-fact for and on behalf of each Borrower (hereinafter defined) under that certain Fourth Amended and Restated Business Loan and Security Agreement dated as of January 5, 2018 (as the same may be amended, modified or restated from time to time, the “Loan Agreement”) by and among (i) Citizens Bank, National Association (as successor by merger to Citizens Bank of Pennsylvania, a Pennsylvania state chartered bank (“Citizens Bank”)), acting in its individual capacity as the Swing Line Lender and as the administrative agent for the Lenders (the “Administrative Agent”), (ii) Citizens Bank, acting in its individual capacity as a Lender, and other Lender parties thereto from time to time (collectively, the “Lenders”), (iii) the Primary Operating Company, certain subsidiaries and affiliates of the Primary Operating Company and any Person who has become a Borrower party thereto pursuant to the Loan Agreement (each, a “Borrower” and collectively, the “Borrowers”), and (iv) Citizens Bank, National Association, as lead arranger, hereby delivers this Quarterly Covenant Compliance/Non-Default Certificate to the Administrative Agent pursuant to Section 6.3(c) of the Loan Agreement. Unless otherwise defined, capitalized terms used herein shall have the meanings attributed to such terms in the Loan Agreement. The undersigned, on behalf of the Primary Operating Company, acting in its individual capacity and as attorney-in-fact for each Borrower, hereby certifies and warrants that: (a) He or she is the ______________________ of the Primary Operating Company and that, as such, he or she is authorized to execute this Quarterly Covenant Compliance/Non-Default Certificate for and on behalf of each Borrower. (b) Except as otherwise disclosed to the Administrative Agent an...

Alternative Currency Loans. Not later than 11:00 a.m. (the time of the Administrative Agent's Correspondent's office) on or before the proposed borrowing date for any Alternative Currency Loan, the Alternative Currency Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent's Correspondent in the requested Alternative Currency in funds immediately available to the Administrative Agent, the Alternative Currency Loan to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.4 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent Notice of Account Designation delivered by the Borrower to the Administrative Agent or as may be otherwise requested by the Borrower from time to time (subject to the reasonable consent of the Administrative Agent). Subject to Section 4.7, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Loan requested pursuant to this Section 2.4 to the extent that the Alternative Currency Lender has not made available to the Administrative Agent such Alternative Currency Loan.

Alternative Currency Loans. Subject to the terms and conditions set forth herein, each Alternative Currency Lender with an Alternative Currency Commitment agrees to make Revolving Loans denominated in such Alternative Currency from time to time during the Availability Period to one or more of the Eligible Borrowers with respect to such Alternative Currency in an aggregate principal amount at any time outstanding that will not result in the US Dollar Equivalent of (i) such Lender’s Credit Exposure exceeding such Lender’s Commitment, (ii) the Total Credit Exposure exceeding the Total Commitment, (iii) the aggregate principal amount of all Revolving Loans and LC Exposure (in each case, denominated in an Alternative Currency) exceeding the Alternative Currency Sublimit, (iv) the aggregate of the principal amount of all such Lender’s Loans and LC Exposure denominated in such Alternative Currency exceeding such Lender’s applicable Alternative Currency Commitment, or (v) the aggregate of the principal amount of all Loans and LC Exposure in such Alternative Currency exceeding the applicable aggregate Alternative Currency Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Eligible Borrowers may borrow, prepay and reborrow Alternative Currency Loans. (a) Each Alternative Currency Loan shall be made as part of a Borrowing consisting of Alternative Currency Loans of the same Class and currency made by the Alternative Currency Lenders with respect to such Class and currency to an Eligible Borrower with respect to such currency, with the Alternative Currency Loan of each Alternative Currency Lender being in an amount determined according to the ratio of its Alternative Currency Commitment with respect to such Alternative Currency to the total of all Alternative Currency Commitments with respect to such Alternative Currency. The Alternative Currency Loans denominated in Sterling or Euro shall be Eurocurrency Loans; and the Alternative Currency Loans denominated in Canadian Dollars shall be CDOR Loans or Canadian Prime Loans. The principal of and interest on each Alternative Currency Borrowing shall be paid in the currency in which such Alternative Currency Borrowing was denominated and shall be paid to the Applicable Agent for the ratable (relative to Loans made as a part of such Borrowing) account of the Alternative Currency Lenders with respect to such Class and currency. (b) To request an Alternative Currency Loan, the Applicable Borrower shall...

Alternative Currency Loans. Notwithstanding anything to the contrary contained in this Agreement, (a) Alternative Currency Loans denominated in (x) Euros shall at all times constitute Eurocurrency Rate Loans and (y) Sterling shall at all times constitute Daily Simple RFR Loans and (b) during the existence of an Event of Default, the Required Lenders may demand that any or all of the then outstanding Alternative Currency Loans be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto.

Alternative Currency Loans. Each Borrowing of Alternative Currency Loans, and each continuation of an Alternative Currency Term Rate Loan shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice. Each such Loan Notice must be received by the Administrative Agent not later than 11:00 a.m., New York City time, three Business Days prior to the requested date of any Borrowing or, in the case of Alternative Currency Term Rate Loans, any continuation; provided, however, that if the Borrower wishes to request Alternative Currency Term Rate Loans having an Interest Period other than one, three or six months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m., New York City time, five Business Days prior to the requested date of such Borrowing or continuation of Alternative Currency Term Rate Loans, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., New York City time, four Business Days prior to the requested date of such Borrowing or continuation of Alternative Currency Term Rate Loans, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each Borrowing of or continuation of Alternative Currency Loans shall be in a principal amount of the Dollar Equivalent of $5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof. Each Loan Notice shall specify (i) whether the Borrower is requesting a Borrowing or a continuation of Alternative Currency Term Rate Loans, (ii) the requested date of the Borrowing or continuation, as the case may be (which shall be a Business Day), (iii) the currency and principal amount of Loans to be borrowed or continued, (iv) the Type of Loans to be borrowed or continued and, (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a currency in a Loan Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If the Borrower fails to specify a Type of Loan in a Loan Notice or if such Borrower fa...

Alternative Currency Loans. Notwithstanding any other provision of this Agreement to the contrary, so long as no Default or Event of Default shall have occurred and be continuing the Borrower may, with the prior written consent of the Swing Line Lender and the Agent, designate one or more of its wholly-owned Subsidiaries that is organized in a jurisdiction that is not the United States of America, any State thereof or the District of Columbia to borrow Swing Loans denominated in Alternative Currencies directly from the Swing Line Lender or a Designated Alternative Currency Lender. Such designations shall be made by the Borrower and such Subsidiary executing and delivering to the Swing Line Lender a Designation of Alternative Currency Borrower substantially in the form of Exhibit G hereto with such changes therein as may be approved by the Swing Line Lender and the Agent (each a “Designation of Alternative Currency Borrower”), together with (i) promissory notes satisfactory in form and substance to the Swing Line Lender to evidence the Swing Loans made to such Subsidiary, an agreement (each a “Supplemental Agreement”) among such Subsidiary, the Agent and the Swing Line Lender setting forth such additional terms and conditions applicable to Swing Loans made to such Subsidiary, including the manner of requesting Swing Loans, the minimum amounts thereof, the Alternative Currencies in which such Swing Loans shall be made and repaid, the interest rates and payment dates applicable thereto and tax indemnification provisions, as the Swing Line Lender may require, certified copies of resolutions of the Board of Directors (or the equivalent) of such Subsidiary relating to its authorization to enter into the Designation of Alternative Currency Borrower, Supplemental Agreement, promissory notes and other instruments and documents delivered pursuant to this Section, certified copies of the articles or certificate of incorporation, charter, by-laws, partnership certificate and agreement, operating agreement, or other constitutive documents of such Subsidiary as then in effect, and such opinions of counsel to such Subsidiary as to such matters as the Swing Line Lender may request, and (ii) a guaranty agreement executed by the Borrower pursuant to which the Borrower guaranties the payment when due of all indebtedness, obligations and liabilities of such Subsidiary under this Agreement and the other instruments and documents executed and delivered by such Subsidiary pursuant to this Agreement (each a...