Common use of Currencies Currency Equivalents Clause in Contracts

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For purposes of determining (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments, (ii) the aggregate unutilized amount of the Commitments of any Class, or (iii) the Revolving Credit Exposure or the LC Exposure of any Class, the outstanding principal amount of any Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, determined as of the date of such Letter of Credit. Wherever in this Agreement in connection with a Letter of Credit a required minimum or multiple amount is expressed in Dollars, but such Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 3 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

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Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as otherwise expressly provided in this Agreement, for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditBorrowing, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments, , (ii) the aggregate unutilized amount of the Commitments of any Class, or (iii) the Revolving outstanding aggregate principal amount of Borrowings and (iv) the NAIC Tranche Credit Exposure or the LC Exposure of any ClassNon-NAIC Tranche Credit Exposure, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Borrowing or Letter of Credit, as applicable, determined as of the date of such Borrowing (determined in accordance with the last sentence of the definition of the term “Interest Period”) or issuance of such Letter of Credit, as the case may be. Wherever in this Agreement in connection with a Borrowing, Loan or Letter of Credit an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 3 contracts

Samples: Credit Agreement (American International Group Inc), Credit Agreement (American International Group Inc), Credit Agreement (American International Group Inc)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereofAmendment Effective Date. For Except as provided in Section 2.09(b) and the last sentence of Section 2.17(a), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments, , (ii) the aggregate unutilized amount of the Revolving Credit Commitments of any Class, or and (iii) the Revolving Credit Exposure or the outstanding aggregate principal amount of Borrowings and LC Exposure of any ClassExposure, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Borrowing or Letter of Credit, Credit determined as of the date of such Borrowing (determined in accordance with the last sentence of the definition of the term “Interest Period”) or Letter of Credit. Wherever in this Agreement in connection with a Borrowing, Loan or Letter of Credit an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 3 contracts

Samples: Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereofEffective Date. For Except as provided in Section 2.09(b) and the last sentence of Section 2.17(a), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments, , (ii) the aggregate unutilized amount of the Revolving Credit Commitments of any Class, or and (iii) the Revolving Credit Exposure or the outstanding aggregate principal amount of Borrowings and LC Exposure of any ClassExposure, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Borrowing or Letter of Credit, Credit determined as of the date of such Borrowing (determined in accordance with the last sentence of the definition of the term “Interest Period”) or Letter of Credit. Wherever in this Agreement in connection with a Borrowing, Loan or Letter of Credit an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 2 contracts

Samples: Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency currency of any particular nation means shall mean the then lawful currency of such nation at such time whether or not the name of such Currency currency is the same as it was on the date hereofEffective Date. For Except as provided in Section 2.09(d), for purposes of determining determining (ia) whether the amount of any the total Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit is outstanding, Exposures would exceed the Foreign Currency Sublimit or the aggregate amount of the Revolving Credit Loan Commitments, , (iib) the aggregate unutilized amount of the Commitments Revolving Loan Commitments, and (c) the LC Exposure related to Foreign Currency Letters of any ClassCredit, or (iii) the Revolving Credit Exposure or the LC Exposure of any Class, the outstanding principal amount of any Letter of Credit that is denominated in relating to any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, determined as of the date of such Borrowing or the issuance of such Foreign Currency Letter of Credit, as applicable. Wherever in this Agreement in connection with a Letter of Credit a required minimum or multiple amount is expressed in Dollarsdollars, but such the Loans, the Revolving Credit Exposure, the Letter of Credit or LC Exposure is denominated in a Foreign Currency, such the minimum or multiple amount shall will be the relevant Foreign Currency Equivalent of such Dollar dollar amount (rounded to determined as of the nearest 1,000 units later of such Foreign Currency)the most recent Currency Valuation Date, and the date of the applicable Borrowing or issuance of the applicable Letter of Credit as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Hines Global REIT, Inc.), Credit Agreement (Hines Global REIT, Inc.)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as otherwise expressly provided herein, for purposes of determining: (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments, (ii) the aggregate unutilized amount of the Commitments of any Class, or (iii) the Revolving Credit Exposure or the LC Exposure of any Class, the outstanding principal face amount of any Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Credit determined as of the date of such Letter of CreditCredit (determined in accordance with the last sentence of the definition of “Interest Period”). Wherever in this Agreement in connection with the issuance, amendment or extension of a Letter of Credit an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units unit of such Foreign Currency, with 0.5 of a unit being rounded upward), as determined by the applicable Issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Alternative Currency”, “Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means shall mean the then lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereofof this Agreement. For Except as provided in Section 2.11(b)(iii), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditBorrowing, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments, , (ii) the aggregate unutilized amount of the Commitments of any ClassCommitments, or (iii) the Revolving Credit Exposure or outstanding aggregate principal amount of Borrowings and (iv) the LC Exposure related to Letters of Credit issued in any ClassForeign Currency, the outstanding principal amount of any Borrowing that is denominated in any Foreign Currency and LC Exposure relating to any Letter of Credit that is denominated issued in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Borrowing and such LC Exposure determined as of the date of such Letter of CreditBorrowing. Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of any Loan or the issuance, amendment or extension of a Letter of Credit Credit, an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units unit of such Foreign Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the applicable Issuing Bank, as applicable.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Global Trust II, Inc.)

Currencies Currency Equivalents. (a) At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Section 2.12 hereof and the last sentence of Section 4.01(a) hereof, for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing Loan or Letter of CreditLC Exposure, together with all other Revolving Credit Borrowings Loans and Letters of Credit LC Exposures then outstanding or to be borrowed or issued (in the case of such other Loans) at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingLoan, would exceed the aggregate amount of the Revolving Credit Commitments, Commitments of any Class, (ii) the aggregate unutilized amount of the Commitments of any Class, or Class and (iii) the Revolving Credit Exposure outstanding aggregate principal amount of Loans or the aggregate amount of LC Exposure of any ClassExposures, the outstanding principal amount of any Letter Loan or the amount of Credit any LC Exposure that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Loan or such LC Exposure determined as of the first day of the then current Interest Period for such Loan or as of the later of the date of issuance of the applicable Letter of Credit and the most recent day that is the First Business Day of a calendar month on which such Letter of CreditCredit shall have been outstanding. Wherever in this Agreement in connection with a Letter of Credit borrowing or Loan or Loans an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Letter of Credit borrowing or Loan or Loans is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Credit Agreement (Pitney Bowes Inc /De/)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed "Approved Foreign Currency" or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Sections 2.10(b) and 2.17(c), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditBorrowing, together with all other Revolving Credit applicable Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments or applicable Sub-Commitments, , (ii) the aggregate unutilized amount of the Commitments of any Class, or or either Sub-Commitment and (iii) the Revolving Credit Exposure or the LC Exposure aggregate outstanding principal amount of any ClassBorrowings, the outstanding principal amount of any Letter of Credit Borrowing that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Borrowing determined as of the date of such Letter Borrowing (determined in accordance with the last sentence of Creditthe definition of the term "Borrowing"). Wherever in this Agreement in connection with a Letter of Credit Borrowing or Loan an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Letter of Credit Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Multi Year Credit Agreement (Smithfield Foods Inc)

Currencies Currency Equivalents. At any time, any -------------------------------- reference in the definition of the term “Agreed "Approved Foreign Currency" or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Sections 2.10(b) and 2.17(c), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditBorrowing, together with all other Revolving Credit applicable Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments or applicable Sub-Commitments, , (ii) the aggregate unutilized amount of the Commitments of any Class, or or either Sub-Commitment and (iii) the Revolving Credit Exposure or the LC Exposure aggregate outstanding principal amount of any ClassBorrowings, the outstanding principal amount of any Letter of Credit Borrowing that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Borrowing determined as of the date of such Letter Borrowing (determined in accordance with the last sentence of Creditthe definition of the term "Borrowing"). Wherever in this Agreement in connection with a Letter of Credit Borrowing or Loan an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Letter of Credit Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Multi Year Credit Agreement (Smithfield Foods Inc)

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Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as otherwise expressly provided herein, for purposes of determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditRCF LC, together with all other Revolving Credit Borrowings and Letters of Credit RCF LCs then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit RCF LC is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments, (ii) the aggregate unutilized amount of the Commitments of any Class, or, (iii) the Revolving Credit Exposure or the LC Exposure of any Class, or (iv) the Dollar equivalent amount of any AUD LC the outstanding principal face amount of any Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, determined as of the date of such Letter of Credit. Wherever in this Agreement in connection with a Letter of Credit a required minimum or multiple amount is expressed in Dollars, but such Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Approved Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Section 2.10(b) and Section 2.17(c), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditBorrowing, together with all other Revolving Credit applicable Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments or applicable Sub-Commitments, , (ii) the aggregate unutilized amount of the Commitments of any Class, or or either Sub-Commitment and (iii) the Revolving Credit Exposure or the LC Exposure aggregate outstanding principal amount of any ClassBorrowings, the outstanding principal amount of any Letter of Credit Borrowing that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Borrowing determined as of the date of such Letter Borrowing (determined in accordance with the last sentence of Creditthe definition of the term “Borrowing”). Wherever in this Agreement in connection with a Letter of Credit Borrowing or Loan an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Letter of Credit Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Revolving Credit Agreement (Smithfield Foods Inc)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Section 2.11(d), for purposes of determining (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments, (ii) whether the amount of any Incremental Borrowing of any Class, together with all other Incremental Borrowings of such Class then outstanding or to be borrowed at the same time that such Incremental Borrowing is outstanding, would exceed the aggregate amount of the Incremental Commitments of such Class, (iii) the aggregate unutilized amount of the Commitments of any Class, Class or (iiiiv) the Revolving Credit Exposure, the LC Exposure or the LC Incremental Loan Exposure of any Class, the outstanding principal amount of any Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, determined as of the date of such Letter of Credit. Wherever in this Agreement in connection with a Letter of Credit a required minimum or multiple amount is expressed in Dollars, but such Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

Currencies Currency Equivalents. (a) At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in the last sentence of Section 2.18(a), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued thereunder at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit total Commitments, , (ii) the aggregate unutilized amount of the Commitments of any ClassCommitments, or (iii) the Revolving Credit Exposure or Exposure, (iv) the LC Exposure and (v) whether the face amount of outstanding Letters of Credit issued by any ClassIssuing Bank exceeds such Issuing Bank’s Applicable LC Fronting Sublimit, the outstanding principal or undrawn face amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Borrowing determined as of the date of such Letter Borrowing (determined in accordance with the last sentence of Credit. Wherever in this Agreement in connection with a Letter the definition of Credit a required minimum the term “Interest Period”) or multiple amount is expressed in Dollars, but of such Letter of Credit is denominated in a Foreign Currencydetermined as of the date of the issuance thereof, such amount shall be as the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency)case may be.

Appears in 1 contract

Samples: Credit Agreement (Newell Rubbermaid Inc)

Currencies Currency Equivalents. At any time, any -------------------------------- reference in the definition of the term “Agreed "Approved Foreign Currency" or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Sections 2.10(b) and 2.17(c), for purposes of determining determining (i) whether the amount of any Revolving Credit Borrowing or Letter of CreditBorrowing, together with all other Revolving Credit applicable Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that as such Revolving Credit Borrowing or Letter of Credit is outstandingBorrowing, would exceed the aggregate amount of the Revolving Credit Commitments or applicable Sub-Commitments, , (ii) the aggregate unutilized amount of the Commitments of any Class, or or either Sub-Commitment and (iii) the Revolving Credit Exposure or the LC Exposure aggregate outstanding principal amount of any ClassBorrowings, the outstanding principal amount of any Letter of Credit Borrowing that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, Borrowing determined as of the date of such Letter Borrowing (determined in accordance with the last sentence of Creditthe definition of the term "Borrowing"). Wherever in this Agreement in connection with a Letter of Credit Borrowing or Loan an amount, such as a required minimum or multiple amount amount, is expressed in Dollars, but such Letter of Credit Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).a

Appears in 1 contract

Samples: Multi Year Credit Agreement (Smithfield Foods Inc)

Currencies Currency Equivalents. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. For Except as provided in Section 2.10(d), for purposes of determining (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments, (ii) whether the amount of any Incremental Borrowing of any Class, together with all other Incremental Borrowings of such Class then outstanding or to be borrowed at the same time that such Incremental Borrowing is outstanding, would exceed the aggregate amount of the Incremental Commitments of such Class, (iii) the aggregate unutilized amount of the Commitments of any Class, Class or (iiiiv) the Revolving Credit Exposure, the LC Exposure or the LC Incremental Loan Exposure of any Class, the outstanding principal amount of any Letter of Credit that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Letter of Credit, determined as of the date of such Letter of Credit. Wherever in this Agreement in connection with a Letter of Credit a required minimum or multiple amount is expressed in Dollars, but such Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

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