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 Effective Date. Except as provided in Section 2.10(b) and the last sentence of Section 2.17(a), for purposes of determining (i) whether the amount of any Borrowing or Letter of Credit under the Multicurrency Commitments, together with all other Borrowings and Letters of Credit under the Multicurrency Commitments then outstanding or to be borrowed at the same time as such Borrowing, would exceed the aggregate amount of the Multicurrency Commitments, (ii) the aggregate unutilized amount of the Multicurrency Commitments, (iii) the Revolving Multicurrency Credit Exposure, (iv) the Multicurrency LC Exposure, (v) the Covered Debt Amount and (vi) the Borrowing Base or the Value or the fair market value of any Investment, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency or the Value or the fair market value of any Investment 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, Letter of Credit or Investment, as the case may be, determined as of the date of such Borrowing or Letter of Credit (determined in accordance with the last sentence of the definition of the term “Interest Period”) or the date of the valuation of such Investment, as the case may be. Wherever in this Agreement in connection with a Borrowing or Loan an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such 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). Notwithstanding the foregoing, for purposes of determining compliance with any basket in Section 6.01(n), 6.02(d), 6.02(g) or 6.03(g) or 6.04(e) of this Agreement, in no event shall the Borrower or any Obligor be deemed to not be in compliance with any such basket solely as a result of a change in exchange rates.

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 Effective Datedate hereof. Except as provided in Section 2.10(b2.11(b) and the last sentence of Section 2.17(a2.18(a), for purposes of determining (i) whether the amount of any Borrowing or Letter of Credit under the Multicurrency CommitmentsBorrowing, together with all other Borrowings and Letters of Credit under the Multicurrency Commitments then outstanding or to be borrowed at the same time as such Borrowing, would exceed the aggregate amount of the Multicurrency Commitments, (ii) the aggregate unutilized amount of the Multicurrency Commitments, (iii) the Revolving Multicurrency Credit Exposure, outstanding aggregate principal amount of Borrowings and (iv) the Multicurrency aggregate LC Exposure, (v) the Covered Debt Amount and (vi) the Borrowing Base or the Value or the fair market value of any Investment, the outstanding principal amount of any Borrowing Borrowing, the amount of any unreimbursed LC Disbursement or the undrawn face amount of any Letter of Credit that is denominated in any Foreign Currency or Credit, as the Value or the fair market value of any Investment case may be, 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, Letter of Credit unreimbursed LC Disbursement or Investmentundrawn face amount, as the case may be, determined as of the date of such Borrowing or Letter LC Disbursement or the relevant date of Credit determination, as the case may be (in the case of any Borrowing, determined in accordance with the last sentence of the definition of the term “Interest Period”) or the date of the valuation of such Investment, as the case may be). Wherever in this Agreement in connection with a Borrowing or Loan or Letter of Credit an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or 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). Notwithstanding the foregoing, for purposes of determining compliance with any basket in Section 6.01(n), 6.02(d), 6.02(g) or 6.03(g) or 6.04(e) of this Agreement, in no event shall the Borrower or any Obligor be deemed to not be in compliance with any such basket solely as a result of a change in exchange rates.

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 Effective Datedate hereof. Except as provided in Section 2.10(b) 2.12 hereof and the last sentence of Section 2.17(a)4.01(a) hereof, for purposes of determining (i) whether the amount of any Borrowing Loan or Letter of Credit under the Multicurrency CommitmentsLC Exposure, together with all other Borrowings Loans and Letters of Credit under the Multicurrency Commitments LC Exposures then outstanding or to be borrowed (in the case of such other Loans) at the same time as such BorrowingLoan, would exceed the aggregate amount of the Multicurrency CommitmentsCommitments of any Class, (ii) the aggregate unutilized amount of the Multicurrency Commitments, Commitments of any Class and (iii) the Revolving Multicurrency Credit Exposure, (iv) the Multicurrency LC Exposure, (v) the Covered Debt Amount and (vi) the Borrowing Base outstanding aggregate principal amount of Loans or the Value or the fair market value aggregate amount of any InvestmentLC Exposures, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency Loan or the Value or the fair market value amount of any Investment 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 Borrowing, Letter of Credit Loan or Investment, as the case may be, 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 such Borrowing or issuance of the applicable Letter of Credit (determined in accordance with and the last sentence most recent day that is the First Business Day of the definition a calendar month on which such Letter of the term “Interest Period”) or the date of the valuation of such Investment, as the case may beCredit shall have been outstanding. Wherever in this Agreement in connection with a Borrowing borrowing or Loan or Loans an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing 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). Notwithstanding (b) Each obligation hereunder of any party hereto that is denominated in a Currency of a country that is not a Participating Member State on the foregoingdate hereof shall, for purposes effective from the date on which such country becomes a Participating Member State, be redenominated in euro in accordance with the legislation of determining compliance with any basket in Section 6.01(n)the European Union applicable to the European Monetary Union; provided that, 6.02(d), 6.02(g) or 6.03(g) or 6.04(e) of this Agreement, in no event shall if and to the Borrower or any Obligor be deemed to not be in compliance with extent that any such basket solely as a result legislation provides that any such obligation of a change any such party payable within such Participating Member State by crediting an account of the creditor can be paid by the debtor either in exchange rates.euro or such Currency, such party

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 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 Effective Datedate of this Agreement. Except as provided in Section 2.10(b) and the last sentence of Section 2.17(a2.11(b)(iii), for purposes of determining (i) whether the amount of any Borrowing or Letter of Credit under the Multicurrency CommitmentsBorrowing, together with all other Borrowings and Letters of Credit under the Multicurrency Commitments then outstanding or to be borrowed at the same time as such Borrowingoutstanding, would exceed the aggregate amount of the Multicurrency Commitments, (ii) the aggregate unutilized amount of the Multicurrency Commitments, (iii) the Revolving Multicurrency Credit Exposure, outstanding aggregate principal amount of Borrowings and (iv) the Multicurrency LC Exposure, (v) the Covered Debt Amount and (vi) the Borrowing Base or the Value or the fair market value Exposure related to Foreign Currency Letters of any InvestmentCredit, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency or the Value or the fair market value of any Investment that is denominated in and LC Exposure relating to any Foreign Currency Letter of Credit shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Borrowing, Letter of Credit or Investment, as the case may be, Borrowing and such LC Exposure determined as of the date of such Borrowing or Letter of Credit (determined in accordance with the last sentence of the definition of the term “Interest Period”) or the date of the valuation of such Investment, as the case may beBorrowing. Wherever in this Agreement in connection with a Borrowing or Loan a required minimum or multiple amount is expressed in Dollars, but such Borrowing or Loan is denominated in a Foreign Currency, the minimum or multiple amount will be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency. Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing Borrowing, Eurocurrency Loan or Loan Letter of Credit is denominated in a an 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). Notwithstanding the foregoing, for purposes with 0.5 of determining compliance with any basket in Section 6.01(na unit being rounded upward), 6.02(d)as determined by the Administrative Agent or the L/C Issuer, 6.02(g) or 6.03(g) or 6.04(e) of this Agreement, in no event shall the Borrower or any Obligor be deemed to not be in compliance with any such basket solely as a result of a change in exchange ratesapplicable.