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 an Optional Currency into the Dollar Equivalent thereof.
(b) Notwithstanding anything to the contrary contained in this Article III, prior to demanding any reimbursement from the L/C Participants pursuant to Section 3.4 in respect of any Letter of Credit denominated in an Optional Currency, the Issuing Lender shall convert the Borrowers’ obligations under Section 3.5 to reimburse the Issuing Lender in such currency into an obligation to reimburse the Issuing Lender in Dollars, and the obligations in respect of such Letter of Credit shall be Dollar obligations for all purposes thereafter. The Dollar amount of the reimbursement obligation of the Borrowers 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 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. 82 Section 10.23
Currency Adjustments. The final Bank Adjusted EBITDA and Working Capital Management Percentage 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. 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.
Currency Adjustments. 92 8 -vii- List of Schedules and Exhibits Schedule 1 Banks; Bank Commitments; Commitment Percentages Schedule 8.19 Subsidiaries Schedule 8.25 Insurance Schedule 8.27 Significant Contracts Schedule 10.1 Permitted Indebtedness Schedule 10.2 Existing Liens Schedule 10.3 Existing Investments Exhibit A Form of Borrowing Base Report Exhibit B Form of Revolving Credit Note Exhibit C Form of Loan Request Exhibit D Form of Term Note Exhibit E Form of Compliance Certificate Exhibit F Form of Assignment and Acceptance REVOLVING CREDIT AND TERM LOAN AGREEMENT This REVOLVING CREDIT AND TERM LOAN AGREEMENT is made as of March 27, 1997 by and among FLEXTRONICS INTERNATIONAL LTD., a company incorporated in Singapore and having its office at 514 Xxxx Xxxx Xxxx, #04-13, Bedok Industrial Estate, Singapore 469029 and, subject to Section 30 hereof, acting through its Hong Kong branch with an address at Room 908 Dominion Center, 43-50 Xxxxxx Xxxx Xxxx, Xxxxxxx, Xxxx Xxxx (xxe "Borrower"), THE FIRST NATIONAL BANK OF BOSTON, a national banking association and the other lending institutions listed on Schedule 1 and THE FIRST NATIONAL BANK OF BOSTON as agent for itself and such other lending institutions.
