Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance if: (i) it is a eurocurrency 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 Advance; and (ii) it is dollars or sterling 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 for that Loan. Back to Contents (b) If 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, as soon as reasonably practicable, confirm to the Company: (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: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(i) it is a eurocurrency 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 AdvanceUtilisation; and
(ii) it is euro or Canadian dollars or sterling 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 for that Loan. Back to ContentsUtilisation.
(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, as soon as reasonably practicable, will confirm to the CompanyCompany 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: Multicurrency Loan Facility Agreement (Xstrata PLC), Loan Facility Agreement (Falconbridge LTD)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Facility A Loan if:
(i) it is a eurocurrency 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 AdvanceUtilisation; and
(ii) it is euro or (in relation to Australian Loans only) Australian dollars or sterling 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 for that Loan. Back to ContentsUtilisation.
(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, as soon as reasonably practicable, will confirm to the CompanyCompany 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: Multicurrency Loan Facility and Subscription Agreement (Xstrata PLC), Loan Facility Agreement (Falconbridge LTD)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if it is sterling or euro or (in the case of any other currency) if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 for that Loan. Back to Contents.
(b) If the Facility Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph subparagraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyObligors’ 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: Supplemental Agreement (Innospec Inc.), Multicurrency Revolving Facility Agreement (Innospec Inc.)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if it is sterling or euro or (in the case of any other currency) if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 Loan. Back to Contents.
(b) If the Facility Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyObligors’ 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: Facilities Agreement (Innospec Inc.)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(ia) it is a eurocurrency 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 AdvanceLoan; and
(iib) it is dollars CHF, EUR or sterling GBP or has been any other currency approved by the Facility Agent (acting on the instructions of all the Lenders) Lenders on or prior to receipt by the Facility Agent of the relevant Utilisation Request for that Loan, it being understood that a choice of CHF, EUR or GBP as an Optional Currency does not require a prior approval of the Lenders. Back to Contents
(b) If the Facility Agent has received a written request from the Company a Borrower for a currency to be approved under paragraph (a)(iib) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the Companyrespective Borrower and the Company by the Specified Time:
(ia) whether or not the Lenders have granted their approval; and
(iib) 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: Senior Revolving Credit Facility Agreement (Logitech International Sa)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance ifany Utilisation if it is not the relevant Base Currency and if either:
(i) it is a eurocurrency 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 Advance; and
(ii) it is dollars or sterling or Utilisation and has been approved by the Facility Facilities Agent (acting on the instructions of all the Lenders) Lenders on or prior to receipt by the Facility Facilities Agent of the relevant Utilisation Request for that Loan. Back to Contents); or
(ii) it is US Dollars, euro or Sterling.
(b) If the Facility Facilities Agent has received a written request from the Company a Borrower for a currency to be approved under paragraph (a)(iia) above, the Facility Facilities Agent will, as soon as reasonably practicable, will confirm to that Borrower by the CompanySpecified 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: Multicurrency Revolving Facilities Agreement (Carnival PLC)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a General Revolving Facility Loan if:
(i) it is a eurocurrency readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market wholesale market for that currency at the Specified Time and on the Quotation Day and the Utilisation Date for that Advance; andLoan;
(ii) it is euro or dollars or sterling 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 for that Loan. Back to Contents; and
(iii) there are Reference Rate Terms for that currency.
(b) If the Facility Agent has received a written request from the Company for a currency to be approved under paragraph (a)(iiclause 4.4(a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyCompany 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
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance if:
(i) it is a eurocurrency 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 Advance; andand Table of Contents
(ii) it is dollars or sterling 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 for that Loan. Back to Contents.
(b) If 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, as soon as reasonably practicable, confirm to the Company:
(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
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if it is sterling or euro or (in the case of any other currency) if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 Loan. Back to Contents.
(b) If the Facility Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyObligors’ 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.
(c) If the euro constitutes an Optional Currency at any time, a Loan will only be made available in the euro unit. Table of Contents
Appears in 1 contract
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Revolving Facility Utilisation if:
(i) it is a eurocurrency readily freely 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 AdvanceUtilisation; and
(ii) it is dollars or sterling or has been approved by the Facility Agent (acting on the instructions of all the LendersLenders participating in the Revolving Facility) on or prior to receipt by the Facility Agent of the relevant Utilisation Request for that Loan. Back to ContentsUtilisation.
(b) If 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, as soon as reasonably practicable, will confirm to the CompanyCompany by the Specified Time:
(i) whether or not the Lenders participating in the Revolving Facility 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: Term and Revolving Facilities Agreement (ShangPharma Corp)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance if:
(i) it is a eurocurrency 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 Advance; andor
(ii) it is dollars Sterling or sterling Euro 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 Loan. Back to ContentsAdvance.
(b) If the Facility Agent has received a written request from the Company Borrowers' Agent for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyBorrowers' 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: Credit Agreement (Reh Mergersub Inc)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars sterling or sterling euros 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 for that Loan. Back to Contents.
(b) If 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, as soon as reasonably practicable, will confirm to the CompanyCompany 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.
(c) If the euro constitutes an Optional Currency at any time, a Loan will only be made available in the euro unit or any other units of the euro agreed by the Majority Lenders.
Appears in 1 contract
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance ifa Revolving Loan if it is dollars or euros or any other currency that:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 for that Loan. Back to Contents.
(b) If the Facility Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyObligors’ 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 Loan in that currency.
Appears in 1 contract
Samples: Facility Agreement (Yell Finance Bv)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance if:
(i) it is a eurocurrency 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 Advance; and
(ii) it is dollars or sterling 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 for that Loan. Back to Contents.
(b) If 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, as soon as reasonably practicable, confirm to the Company:
(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: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(i) it is a eurocurrency readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market European interbank market on the Quotation Day and the Utilisation Date for that AdvanceLoan; and
(ii) it is dollars or sterling or has been approved by the Facility Agent (acting on the instructions of all the Lenders) on or prior with respect to receipt that Loan (including, for the avoidance of doubt, any Rollover Loan) and such approval has been confirmed to the Borrower by the Facility Agent of the relevant Utilisation Request for that Loan. Back to ContentsSpecified Time as contemplated under paragraph (b) below.
(b) If the Facility Agent has received by the Specified Time a written request from the Company Borrower for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyBorrower by the Specified Time:
(i) whether or not the Lenders have granted their approvalapproval with respect to the relevant Loan; 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: Credit Facility Agreement (Sap Ag)
Conditions relating to Optional Currencies. (ai) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(iA) it is a eurocurrency 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 AdvanceLoan; and
(iiB) it is either (y) dollars or sterling kroner or (z) some other currency that 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 for that Loan. Back to Contents.
(bii) If the Facility Agent has received a written request from the Company a Borrower for a currency to be approved under paragraph (a)(iii)(B) above, the Facility Agent will, as soon as reasonably practicable, will confirm to that Borrower by the CompanySpecified Time:
(iA) whether or not the Lenders have granted their approval; and
(iiB) 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: Third Amendment Agreement (Kronos International Inc)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if it is sterling or euro or (in the case of any other currency) if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 Loan. Back to Contents.
(b) If the Facility Agent has received a written request from the Company Obligors’ Agent for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyObligors’ 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.
(c) If the euro constitutes an Optional Currency at any time, a Loan will only be made available in the euro unit.
Appears in 1 contract
Samples: Facilities Agreement (Octel Corp)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars Sterling or sterling 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 Loan. Back to Contents.
(b) If 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, as soon as reasonably practicable, will confirm to the CompanyCompany 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
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Utilisation if:
(i) it is a eurocurrency 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 AdvanceUtilisation; and
(ii) it is dollars sterling or sterling euros 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 for that Loan. Back to ContentsUtilisation.
(b) The Lenders will only be obliged to comply with Clause 30.9 (Change of currency) if, on the first day of an Interest Period, no Default is continuing or would result from the change of currency and the Repeating Representations to be made by each Obligor are true in all material respects.
(c) If 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, as soon as reasonably practicable, will confirm to the CompanyCompany 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
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance if:
(i) it is a eurocurrency 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 Advance; and
(ii) it is dollars or sterling 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 for that Loan. Back to Contents.
(b) If 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, as soon as reasonably practicable, confirm to the Company:
(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: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Utilisation if:
(i) it is a eurocurrency 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 AdvanceUtilisation; and
(iiA) it is dollars or sterling or a Facility Approved Currency; or
(B) it has been approved by the Facility Agent (acting on the instructions consent of all the Lenders) ), on or prior to receipt by the Facility Agent of the relevant Utilisation Request for that Loan. Back to ContentsUtilisation.
(b) If the Facility Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) aboveabove (other than a Facility Approved Currency), the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyCompany 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, and integral multiples) multiples for any subsequent Utilisation in that currency.
Appears in 1 contract
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Revolving Utilisation if:
(i) it is a eurocurrency 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 AdvanceUtilisation; and
(ii) it is Euro, Australian dollars or sterling Japanese Yen 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 for that Loan. Back to ContentsUtilisation.
(b) If 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, as soon as reasonably practicable, will confirm to the CompanyCompany 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: Senior Facilities Agreement (Sirona Dental Systems, Inc.)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 for that Loan. Back Loan except that no such approval shall be required for that Loan if it is to Contentsbe denominated in dollars or euro.
(b) If If, by the Facility Specified Time, the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyCompany 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 whole multiples) for any subsequent Utilisation in that currency.
Appears in 1 contract
Conditions relating to Optional Currencies. (a) A currency (other than GBP or USD, which are committed Optional Currencies) will constitute an Optional Currency in relation to an Advance a Utilisation if:
(i) it is a eurocurrency 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 AdvanceUtilisation; and
(ii) it is dollars or sterling 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 for that Loan. Back to ContentsUtilisation.
(b) If the Facility Agent has received a written request from the Company by the Specified Time for a currency to be approved under paragraph (a)(ii(a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyCompany 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 (Linde PLC)
Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to an Advance a Loan if:
(i) it is a eurocurrency 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 AdvanceLoan; and
(ii) it is dollars or sterling 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 for that Loan. Back Loan except that no such approval shall be required for that Loan if it is to Contentsbe denominated in sterling or euro.
(b) If by the Facility Specified Time the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will, as soon as reasonably practicable, will confirm to the CompanyCompany 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 whole multiples) for any subsequent Utilisation in that currency.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Facility Agreement (Misys PLC)