Common use of Conditions relating to Optional Currencies Clause in Contracts

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 5 contracts

Samples: Amendment and Restatement Agreement (Rockwood Holdings, Inc.), Facility Agreement (Rockwood Specialties Group Inc), Amendment and Restatement Agreement (Rockwood Holdings, Inc.)

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Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Facility B Loan if it is USD, NOK, CAD or Sterling only or in relation to a Facility C Loan if it is euro, NOK, CAD or Sterling only, or if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 4 contracts

Samples: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars Canadian Dollars or has been approved by the Facility Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Facility Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Facility Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent above by the Specified Time, the Facility Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, the integral multiplesmultiple) for any subsequent Utilisation in that currency.

Appears in 4 contracts

Samples: Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is US dollars Australian Dollars, New Zealand Dollars or has been approved by the Agent (acting on the instructions of all the LendersBanks) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company Guarantor for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders Banks of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Guarantor by the Specified Time: (i) whether or not the Lenders Banks have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 2 contracts

Samples: Facility Agreement (Platinum Underwriters Holdings LTD), Facility Agreement (Platinum Underwriters Holdings LTD)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market at the Specified Time or, if later, on the Quotation Day date the Agent receives the relevant Utilisation Request and the Utilisation Date for that Utilisation; and (ii) it is US dollars Dollars, Sterling, Swiss Francs or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Obligors’ Agent by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 2 contracts

Samples: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is sterling or US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 2 contracts

Samples: Facility Agreement (Aon Corp), Facility Agreement (Aon Corp)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if:: Back to Contents (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market London interbank market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is euro or US dollars Dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company a Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Gallaher Group PLC)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is euro or US Dollars or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company Original Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Original Borrower by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Six Continents PLC)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Revolving Credit Facility Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Revolving Credit Facility Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company Parent for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Revolving Credit Facility Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Parent by the Specified Time: (i) whether or not the Revolving Credit Facility Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars Sterling, euro or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Borrower by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Discovery Communications, Inc.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is US dollars or euro; or (A) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (iiB) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Cookson Group PLC)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is euro or Sterling or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Intercontinental Hotels Group PLC /New/)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Revolving Facility Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank lnterbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is US dollars euro or sterling or has been approved by the Agent (acting on the instructions of all the Revolving Facility Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Revolving Facility Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation by way of a Loan in that currency.

Appears in 1 contract

Samples: Senior Facility Agreement (Inmarsat Launch CO LTD)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars Euro or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company relevant Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company that Borrower by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Revolving Facility Agreement (Alpha Beta Netherlands Holding N.V.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationSterling or Dollars; andor (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan and is readily available in the amount required and freely convertible into the Base Currency of the relevant Facility to be utilised in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Loan. (b) If by the Specified Time the Agent has received a written request from a Borrower in relation to a Loan in Sterling or Dollars (including for the Company avoidance of doubt Rollover Loans in Sterling or Dollars) under paragraph (a)(i) above by the Specified Time, the Agent will confirm to that Borrower by the Specified Time the maximum amount in Sterling or Dollars that can be requested without exceeding the Pre-Agreed Limit. (c) If the Agent has received a written request from a Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent above by the Specified Time, the Agent will confirm to the Company that Borrower by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Whirlpool Corp /De/)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a any Utilisation ifif it is not the relevant Base Currency and if either: (i) it is readily available in the amount required and freely convertible into the Base Currency for the relevant Tranche readily available in the amount requested in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is US dollars or Utilisation and has been approved by the Facilities Agent (acting on the instructions of all the Lenders) Lenders on or prior to receipt by the Facilities Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan); or (ii) it is US Dollars, euro, Sterling or Australian Dollars. (b) If by the Specified Time the Facilities Agent has received a written request from the Company a Borrower for a currency to be approved under paragraph (a)(iiClause 10.3(a) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Facilities Agent will confirm to the Company that Borrower by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facilities Agreement (Carnival PLC)

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Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market at the Specified Time or, if later, on the Quotation Day date the Agent receives the relevant Utilisation Request and the Utilisation Date for that Utilisation; and (ii) it is US dollars Dollars, Sterling, Swiss Francs, Danish Kroner or Swedish Krona, or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Obligors’ Agent by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (InterXion Holding N.V.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is Sterling, US dollars Dollars, Swiss Francs or it has been approved by the Facility Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Facility Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Facility Agent has received a written request from the Company for a currency to be approved under sub-paragraph (a)(ii) above, the Facility Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Facility Agent by the Specified Time, the Facility Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Amendment Agreement (Coca-Cola HBC AG)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is euro or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Mitchells & Butlers PLC)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is USD or MEX$; or (ii) otherwise: (A) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (iiB) it is US dollars or has been approved by the Agent (acting on the instructions of all the LendersLenders participating in the Revolving Facility (each acting reasonably)) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that Utilisation. (b) If by the Specified Time the Agent has received a written request from the Company Parent for a currency to be approved under paragraph (a)(iiii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company Parent by the Specified Time: (i) whether or not the Lenders participating in that Utilisation have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currencycurrency (which the Agent shall determine acting reasonably and in consultation with the Parent).

Appears in 1 contract

Samples: Super Senior Revolving Credit Facilities Agreement (Atento S.A.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is euro or US dollars Dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company a Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.. Back to Contents

Appears in 1 contract

Samples: Multicurrency Revolving Facilities Agreement (Gallaher Group PLC)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is euro or US Dollars or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Intercontinental Hotels Group PLC /New/)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is sterling, US dollars or Canadian dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Aon Corp)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is USD or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Imerys S.A.)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is euro or sterling or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Agent by the Specified Time, the Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Facility Agreement (Intercontinental Hotels Group PLC /New/)

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation ifLoan if it is euro or Sterling or: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is US dollars or has been approved by the Facility Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Facility Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If by the Specified Time the Facility Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will notify the Lenders of that request by the Specified Time. Based on any responses received by the Facility Agent by the Specified Time, the Facility Agent will confirm to the Company by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Appears in 1 contract

Samples: Loan Agreement (Intercontinental Hotels Group PLC /New/)

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