Calculation of Dollar Equivalent Amount of Offshore Currency Loans and Foreign Currency Letters of Credit Sample Clauses

Calculation of Dollar Equivalent Amount of Offshore Currency Loans and Foreign Currency Letters of Credit. For purposes of determining (1) whether the Total Utilization of Commitments exceeds the Maximum Revolving Loan Commitments then in effect or (2) the Letter of Credit Usage, Administrative Agent shall determine the Dollar Equivalent amounts with respect to any Revolving Loans that are Offshore Currency Loans and with respect to any Letters of Credit denominated in a currency other than Dollars (a) at the time a Notice of Allocation is given, (b) on the first Business Day of each month of each calendar year, and (c) at such other dates as Administrative Agent may reasonably require (each such date under clauses (a) - (c) being a "COMPUTATION DATE"). Administrative Agent shall determine the Dollar Equivalent amount for a particular Revolving Loan at the time a Notice of Borrowing or a Notice of Conversion/Continuation is given with respect to such Revolving Loan and for a particular Letter of Credit at the time a Request for Issuance of Letter of Credit is given with respect to such Letter of Credit.
Sample 1
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Calculation of Dollar Equivalent Amount of Offshore Currency Loans and Foreign Currency Letters of Credit. For purposes of determining (1) whether the Total Utilization of Tranche B Revolving Loan Commitments exceeds the Maximum Tranche B Revolving Loan Commitments then in effect, (2) the Letter of Credit Usage, or (3) whether the aggregate Total Utilization of the Tranche B Revolving Loans and the Total Outstanding Term Loans exceeds the MaximumTerm Loan Commitment then in effect, Administrative Agent shall determine the Dollar Equivalent amounts with respect to any Revolving Loans that are Offshore Currency Loans and with respect to any Letters of Credit denominated in a currency other than Dollars (a) at the time a Notice of Allocation is given, (b) on the first Business Day of each month of each calendar year, and (c) at such other dates as Administrative Agent may reasonably require (each such date under clauses (a) - (c) being a "COMPUTATION DATE"). Administrative Agent shall determine the Dollar Equivalent amount for a particular Revolving Loan at the time a Notice of Borrowing or a Notice of Conversion/Continuation is given with respect to such Revolving Loan and for a particular Letter of Credit at the time a Request for Issuance of Letter of Credit is given with respect to such Letter of Credit.
Sample 1

Related to Calculation of Dollar Equivalent Amount of Offshore Currency Loans and Foreign Currency Letters of Credit

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

  • Alternative Currencies In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Revolving Credit Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency.

  • Dollar Equivalents The Administrative Agent shall determine the Dollar Equivalent of any amount as required hereby, and a determination thereof by the Administrative Agent shall be conclusive absent manifest error. The Administrative Agent may, but shall not be obligated to, rely on any determination made by any Loan Party in any document delivered to the Administrative Agent. The Administrative Agent may determine or redetermine the Dollar Equivalent of any amount on any date either in its own discretion or upon the request of any Lender or Issuer.

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Dollar, Dollars, U.S Dollars and the symbol $ shall mean lawful money of the United States of America. Dollar Equivalent shall mean, with respect to any amount of any currency, the Equivalent Amount of such currency expressed in Dollars.

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