Automatic Alternative Currency Conversion Clause Samples

Automatic Alternative Currency Conversion. If an Automatic Alternative Currency Conversion Trigger shall occur, the amount of all Outstanding Revolving Credit Loans, Term Loans and Letter of Credit Liabilities denominated in an Alternative Currency shall, automatically and with no further action required, be converted into the Dollar Equivalent of such amounts, determined by the Agent on the basis of the Spot Rate determined on the Automatic Alternative Currency Conversion Date, and on and after such date all amounts accruing and owed to the Lenders in respect of such Outstanding Revolving Credit Loans, Term Loans and Letter of Credit Liabilities denominated in an Alternative Currency shall accrue and be payable in Dollars at the rate otherwise applicable hereunder.

Automatic Alternative Currency Conversion. If an Automatic Alternative Currency Conversion Trigger shall occur, the amount of all Outstanding Alternative Currency/Dollar Revolving Credit Loans shall, automatically and with no further action required, be converted into the Dollar Equivalent of such amounts, determined by the Agent on the basis of the Spot Rate determined on the Automatic Alternative Currency Conversion Date, and on and after such date all amounts accruing and owed to the Alternative Currency/Dollar Lenders in respect of such Outstanding Alternative Currency/Dollar Revolving Credit Loans shall accrue and be payable in Dollars at the rate otherwise applicable hereunder.

Automatic Alternative Currency Conversion. If an Automatic Alternative Currency Conversion Trigger shall occur, the amount of all Outstanding Alternative Currency Loans denominated in an Alternative Currency and Alternative Currency Letter of Credit Liabilities shall, automatically and with no further action required, be converted into the Dollar Equivalent of such amounts, determined by the Agent on the basis of the Spot Rate determined Page 157 NAI-5000431466v13 on the Automatic Alternative Currency Conversion Date, and on and after such date all amounts accruing and owed to the Alternative Currency Revolving Lenders in respect of such Alternative Currency Loans and Alternative Currency Letter of Credit Liabilities shall accrue and be payable in Dollars at the rate otherwise applicable hereunder.

Automatic Alternative Currency Conversion. If an Automatic Alternative Currency Conversion Trigger shall occur, the amount of all Outstanding Revolving Credit Loans denominated in an Alternative Currency shall, automatically and with no further action required, be converted into the Dollar Equivalent of such amounts, determined by the Agent on the basis of the Spot Rate determined on the Automatic Alternative Currency Conversion Date, and on and after such date all amounts accruing and owed to the Lenders in respect of such Outstanding Revolving Credit Loans shall accrue and be payable in Dollars at the rate otherwise applicable hereunder. JUDGMENT CURRENCY. For the purposes of obtaining judgment in any court if it is necessary to convert a sum due from the Borrower hereunder or under any other Loan Document in one currency expressed to be payable herein (the “Specified Currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could purchase the Specified Currency with such other currency at the Agent’s main Cleveland, Ohio office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of the Borrower in respect of any sum due hereunder shall, notwithstanding any judgment in a currency other than the Specified Currency, be discharged only to the extent that on the Business Day following receipt by any Lender (including the Agent), as the case may be, of any sum adjudged to be so due in such other currency such Lender (including the Agent), as the case may be, may in accordance with normal, reasonable banking procedures purchase the Specified Currency with such other currency. If the amount of the Specified Currency so purchased is less than the sum originally due to such Lender (including the Agent), as the case may be, in the Specified Currency, the Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender (including the Agent), as the case may be, against such loss, and to pay such additional amounts upon demand from Agent. All of the Borrower's obligations under this §37 shall survive termination of this Agreement and repayment of all other Obligations hereunder.