Conversion to Dollars. On the first date after the Third Restatement Date on which there shall occur (i) any Event of Default specified in Sections 8.01(g) or (h) or (ii) an acceleration of the Loans and other amounts owing or payable hereunder and the other Loan Documents and termination of the Commitments pursuant to Sections 8.02(a)(i) and (a)(ii) (the “Conversion Date”), all Obligations of the Borrowers with respect to (x) principal and interest under the Loans, (y) Unreimbursed Amounts, including all L/C Borrowings, and payments made by the Canadian Lender under Canadian Letters of Credit and not yet reimbursed by the applicable Canadian Borrower, including all Canadian L/C Borrowings and interest thereon, and (z) fees under Sections 2.03(h), 2.04(h) and 2.10 (the “Designated Obligations”), whether or not the same shall at the time of any determination be due and payable under the terms of the Loan Documents, shall, automatically and with no further action required, be converted into the Dollar Equivalent calculated as of the Conversion Date, and on and after of the Conversion Date all amounts accruing and owed to the Lenders in respect of the Designated Obligations shall accrue and be payable in Dollars at the rate otherwise applicable hereunder.
Conversion to Dollars. (a) All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts in Canadian Dollars. In connection with all Dollar amounts set forth in this Agreement, and the U.S. Borrowing Base and Canadian Borrowing Base calculations, all Canadian Dollars shall be converted to Dollars in accordance with the following procedure:
(i) Conversions to Dollars shall occur in accordance with the prevailing exchange rate, as published in The Wall Street Journal on the date of conversion (or, if the date of conversion is not a day on which The Wall Street Journal is published, as published in the most recent edition of The Wall Street Journal) as the rate in effect on the Business Day prior to the date of publication. If The Wall Street Journal shall cease to publish exchange rates for Canadian Dollars, the Agent shall determine the prevailing exchange rate in its reasonable credit judgment.
(ii) For the purpose of determining whether repayments must be made under Section 1.1(a)(i) or 1.1(a)(ii) on a date other than the Commitment Termination Date, outstanding Loans denominated in Canadian Dollars and the Canadian Borrowing Base shall be marked to market on a (a) monthly basis as long as Aggregate Borrowing Availability (determined using the exchange rates in effect on the most recent date of conversion prior to the date of determination) equals or exceeds $10,000,000, (b) weekly basis as long as Aggregate Borrowing Availability (determined using the exchange rates in effect on the most recent date of conversion prior to the date of determination) equals or exceeds $5,000,000 but is less than $10,000,000, and (c) on a daily basis as long as Aggregate Borrowing Availability (determined using the exchange rates in effect on the most recent date of conversion prior to the date of determination) is less than $5,000,000, in each case as of the last Business Day of such period and taking into account in each case the Dollar Equivalent of all Loans outstanding in Canadian Dollars and of the Canadian Borrowing Base.
(b) Unless otherwise specifically set forth in this Agreement, monetary amounts shall be in Dollars.
Conversion to Dollars. (a) All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts in Canadian Dollars, Sterling and Euros. In connection with all Dollar amounts set forth in this Agreement, and the Aggregate Borrowing Base, U.S. Borrowing Base, U.K. Borrowing Base and Canadian Borrowing Base calculations, all Canadian Dollars, Euros and Sterling shall be converted to Dollars in accordance with the following procedure:
(i) Conversions to Dollars shall occur in accordance with prevailing exchange rates, as determined by Agent in its reasonable discretion, on the applicable date; and
(ii) Outstanding Loans denominated in Canadian Dollars, Sterling and Euros shall be marked to market on the date on which Borrower Representative is required to deliver to Agent Borrowing Base Certificates as provided in Section 7.1.4 hereof (or more often as determined by Agent in its commercially reasonable discretion), taking into account in each case the Dollar Equivalent of all Revolving Credit Loans outstanding in Canadian Dollars, Sterling and Euros.
(b) Unless otherwise specifically set forth in this Agreement, monetary amounts shall be in Dollars.
Conversion to Dollars. All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts of currencies other than Dollars. In connection with all Dollar amounts set forth in this Agreement and the Loan Documents, amounts in currencies other than Dollars shall be converted to Dollars in accordance with prevailing exchange rates, as determined by Agent in its reasonable discretion, on the applicable date. Unless otherwise specifically set forth in this Agreement, all monetary amounts shall be in Dollars.
Conversion to Dollars. If any Invoice Payment is made in a currency other than dollars, such Invoice Payment shall be converted into dollars promptly after such Invoice Payment is received by the Employer. Payments due and owing to the Employee pursuant to the Agreement shall be paid in dollars to the Employee.
Conversion to Dollars. If the whole of the Loan is converted into Dollars and the Loan is more than 100% of the Dollar Reference Amount of the Loan at that time then, at the date of such conversion, a prepayment of the Loan shall be made of a sum sufficient to reduce the amount of the Loan to 100% of the Dollar Reference Amount of the Loan at that time. If the Loan, when converted in full to Dollars, is less than 100% of the Dollar Reference Amount of the Loan at that time, then the Borrowers will not be permitted to re-borrow any part of the Loan.
Conversion to Dollars. All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of such amounts. In connection with all Dollar amounts and Canadian dollar amounts set forth in this Agreement, calculations and valuations of Canadian dollars shall be converted to Dollars in accordance with prevailing exchange rates, as determined by Agent in its reasonable discretion, on the applicable date.
Conversion to Dollars. 10 1.5 Judgment Currency; Contractual Currency..........................11 1.6
Conversion to Dollars. The prices of copper, gold and silver, if quoted in any currency other than Dollars by "Xxxxx'x Metals Week" (or any other publication substituted for "Xxxxx'x Metals Week" by mutual agreement of Seller and Buyer), shall be converted daily during any applicable Quotational Period into Dollars by using the noon buying rate for the applicable currency for cable transfers as certified by the Federal Reserve Bank of New York for customs purposes. The average price for any such Quotational Period shall be calculated by totaling the Dollar equivalence of the daily prices during such period and dividing such total by the number of pricing days in such period.
Conversion to Dollars. All valuations or computations of monetary amounts set forth in this Agreement or the Loan Documents shall include the Dollar Equivalent of amounts of currencies other than Dollars. In connection with all such Dollar Equivalent amounts set forth in this Agreement and the Loan Documents (including for the purpose of calculation of Availability, the Borrowing Base and Excess Availability), currencies other than Dollars shall be converted to Dollars on the basis of the Spot Rate for the purchase of Dollars with such other currency in each case as determined by the Administrative Agent in its reasonable discretion, on the date of determination.
