Currency and amount. (a) The currency specified in a Utilisation Request for a Bank Guarantee must be the Base Currency or an Optional Currency. (b) The amount of the proposed Bank Guarantee must be such that its Base Currency Amount is less than or equal to the Available Commitment for the Guarantee Facility.
Appears in 3 contracts
Samples: Amendment and Restatement Agreement (Cascal N.V.), Amendment and Restatement Agreement (Cascal N.V.), Facility Agreement (Cascal B.V.)
Currency and amount. (a) The currency specified in a Utilisation Request for a Bank Guarantee must be the Base Currency or an Optional Currency.
(b) The amount of the proposed Bank Guarantee must be such that its an amount whose Base Currency Amount is less not more than or equal to the Available Commitment for the Guarantee Facility.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.), Multicurrency Revolving Credit and Guarantee Facility Agreement (Acergy S.A.)
Currency and amount. (a) The currency specified in a Utilisation Request for a Bank Guarantee must be the Base Currency or an Optional Currency.
(b) The amount of the proposed Bank Guarantee must be such that its an amount whose Base Currency Amount is less not more than or equal to the Available Commitment for Facility and which is if the Guarantee currency selected is the Base Currency, a minimum of USD 500,000 (or, if an Optional Currency, its equivalent) or, if less, the Available Facility.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Sirona Dental Systems, Inc.), Senior Facilities Agreement (Sirona Dental Systems, Inc.)
Currency and amount. (a) The currency specified in a Utilisation Request for a Bank Guarantee must be the Base Currency or an Optional Currency.
(b) The amount of the proposed Bank Guarantee must be such that its an amount whose Base Currency Amount is less not more than or equal to the Available Commitment for the Guarantee Facility.
Appears in 1 contract
Samples: Multicurrency Guarantee Facility Agreement (Acergy S.A.)
Currency and amount. (a) 6.4.1 The currency specified in a Utilisation Request for a Bank Guarantee must be the Base Currency or an the Optional Currency.
(b) 6.4.2 The amount of the proposed Bank Guarantee must be such that its Base Currency Amount is less than or equal to the Available Commitment for the Guarantee Facility.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Agreement (Mercer International Inc)
