Currency Adjustments Sample Clauses

Currency Adjustments. (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating any fee in respect of any Letter of Credit in respect of any Business Day, the Administrative Agent shall convert the amount available to be drawn under any Letter of Credit denominated in a currency other than Dollars into an amount of Dollars based upon the Exchange Rate. (b) Notwithstanding anything to the contrary contained in this Section 3, prior to demanding any reimbursement from the L/C Participants pursuant to subsection 3.4 in respect of any Letter of Credit denominated in a currency other than Dollars, the Issuing Lender shall convert the Borrower’s obligation under subsection 3.4 to reimburse the Issuing Lender in such currency into an obligation to reimburse the Issuing Lender in Dollars. The Dollar amount of the reimbursement obligation of the Borrower and the L/C Participants shall be computed by the Issuing Lender based upon the Exchange Rate in effect for the day on which such conversion occurs, as determined by the Administrative Agent in accordance with the terms hereof.

Currency Adjustments. (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating any fee in respect of any Letter of Credit in respect of any Business Day, the General Administrative Agent shall convert the amount available to be drawn under any Letter of Credit denominated in a currency other than U.S. Dollars into an amount of U.S. Dollars based upon the Exchange Rate. (b) Notwithstanding anything to the contrary contained in this Section 8, prior to demanding any reimbursement from the Participating Lenders pursuant to subsection 8.4(b) in respect of any Letter of Credit denominated in a currency other than U.S. Dollars, the Issuing Lender shall convert the relevant Borrower's obligation under subsection 8.4 to reimburse the Issuing Lender in such currency into an obligation to reimburse the Issuing Lender in U.S. Dollars. The U.S. Dollar amount of the reimbursement obligation of the relevant Borrower and the Participating Lenders shall be computed by the Issuing Lender based upon the Exchange Rate in effect for the day on which such conversion occurs.

Currency Adjustments. (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating any fee in respect of any Letter of Credit in respect of any Business Day, the Administrative Agent shall convert the amount available to be drawn under any Letter of Credit denominated in a currency other than Dollars into the Dollar Equivalent. (b) Notwithstanding anything to the contrary contained in this Section 3, prior to demanding any reimbursement from the L/C Participants pursuant to subsection 3.4 in respect of any Letter of Credit denominated in a currency other than Dollars, the applicable Issuing Lender shall convert the Borrowers’ obligations under subsection 3.5 to reimburse the Issuing Lender in such currency into an obligation to reimburse the Issuing Lender in the Dollar Equivalent.

Currency Adjustments. (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating any fee in respect of any Letter of Credit in respect of any Business Day, the Administrative Agent shall convert the amount available to be drawn under any Letter of Credit denominated in a currency other than Dollars into an amount of Dollars based upon the Exchange Rate. (b) Notwithstanding anything to the contrary contained in this Section 3, prior to demanding any reimbursement from the L/C Participants pursuant to Section 3.4 in respect of any Letter of Credit denominated in a currency other than Dollars, the Issuing Lender shall convert (on a Business Day determined by the Issuing Lender) the Company’s obligation under Section 3.4 to reimburse the Issuing Lender in such currency into an obligation to reimburse the Issuing Lender in Dollars. The Dollar amount of the reimbursement obligation of the Company and the L/C Participants shall be computed by the Issuing Lender based upon the Exchange Rate in effect for the day on which such conversion occurs.

Currency Adjustments. (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating any fee in respect of any Multicurrency Letter of Credit in respect of any Business Day, the Administrative Agent shall convert the amount available to be drawn under any Multicurrency Letter of Credit denominated in an Available Foreign Currency into an amount of Dollars based upon the Exchange Rate. (b) Notwithstanding anything to the contrary contained in this Section 3B, a Multicurrency Issuing Lender may agree to issue Multicurrency Letters of Credit denominated in a currency other than Dollars, Euros or an Available Foreign Currency (any such alternative currency, an “Approved Issuing Currency”). Prior to demanding any reimbursement from the Multicurrency L/C Participants pursuant to Section 3B.5 in respect of any Multicurrency Letter of Credit denominated in an Approved Issuing Currency, unless payment is received in respect of such draw on the day of such drawing, the Multicurrency Issuing Lender shall convert the Borrower’s or if applicable, any Foreign Borrower’s obligation under Section 3B.5 to reimburse the Multicurrency Issuing Lender in such Approved Issuing Currency into an obligation to reimburse the Multicurrency Issuing Lender in Dollars. The Dollar amount of the Reimbursement Obligation of the Borrower or any Foreign Borrower and the Multicurrency L/C Participants shall be computed by the Multicurrency Issuing Lender based upon the Exchange Rate in effect for the day on which such conversion occurs.

Currency Adjustments. The final Bank Adjusted EBITDA and Free Cash Flow will be adjusted at the end of the year to reflect currency fluctuations relative to the US$ in all markets. Any adjustments made will be based on the following budgeted rates:

Currency Adjustments. (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating any letter of credit commission or commitment fee payable in respect of any Business Day, the Administrative Agent shall convert the amount available to be drawn under any Letter of Credit denominated in Foreign Currency into an amount of Dollars based upon the relevant exchange rate (depending upon the Foreign Currency used) determined by the Administrative Agent to be in effect for such day (which determination shall be conclusive absent manifest error). (b) Notwithstanding anything to the contrary contained in this Section 3, the relevant Issuing Bank may at any time prior to the time of reimbursement (taking into consideration such Issuing Bank’s need to eliminate currency exchange risks associated with any such transaction), convert a Borrower’s obligation to reimburse such Issuing Bank in Foreign Currency pursuant to subsection 3.5 into an obligation to reimburse such Issuing Bank in Dollars. The amount of any such converted obligation shall be computed by such Issuing Bank based upon the Dollar/relevant Foreign Currency exchange rate determined by such Issuing Bank to be in effect for the day on which such conversion occurs (which determination shall be conclusive absent manifest error). (c) Notwithstanding anything to the contrary contained in this Section 3, prior to demanding any reimbursement from the L/C Participants pursuant to subsection 3.4(a) in respect of any Letter of Credit denominated in a Foreign Currency, such Issuing Bank shall convert the applicable Borrower’s obligation under subsection 3.5 to reimburse such Issuing Bank in such Foreign Currency into an obligation to reimburse such Issuing Bank in Dollars. The Dollar amount of the reimbursement obligation of such Borrower and the L/C Participants shall be computed by such Issuing Bank in the manner contemplated in clause (b) above.

Currency Adjustments. 82 Section 10.23

Currency Adjustments. To the extent that any limitation set forth in any covenant or pursuant to Section 14 hereof is expressed in Dollars but is incurred in a currency other than Dollars, and, as a result of currency fluctuations the amount of such Indebtedness exceeds the amounts permitted hereunder by more than five percent (5%) (after giving effect to any related hedge arrangement), the Borrowers shall have two (2) Business Days to cause the amounts to be reduced to an amount which would not violate the terms and conditions of this Credit Agreement.