CURRENCY CHANGE Sample Clauses
CURRENCY CHANGE. If a Term Advance is to be denominated in different currencies during two successive Interest Periods, then, on the last day of the first of those Interest Periods:
4.4.1 each Bank shall pay an amount equal to its portion of the New Amount of such Term Advance to the Facility Agent, who shall hold the same on behalf of such Bank;
4.4.2 the Facility Agent shall:
(a) apply the amount so made available to it by each Bank in or towards the purchase of such Bank's portion of the Existing Amount of such Term Advance and pay the amount so purchased to such Bank; and
(b) pay any portion of the amount made available to it by the Banks and not applied in accordance with sub-clause 4.4.2
(a) to the relevant Borrower or, if an Event of Default shall have occurred and the Facility Agent or an Instructing Group so determines, to the Banks, any amount so paid to the Banks being treated as if it were a prepayment made by the relevant Borrower under Clause 15.1 (Prepayment of the Term Outstandings); and
4.4.3 the relevant Borrower shall pay to the Facility Agent for the account of each Bank a sum equal to the amount (if any) by which such Bank's share of the Existing Amount of such Term Advance exceeds the portion thereof purchased by the Facility Agent pursuant to sub-clause 4.4.2(a).
CURRENCY CHANGE. If an Advance is to be denominated in different currencies during two successive Interest Periods, then, on the last day of the first of those Interest Periods:
4.4.1 the Bank shall:
(a) apply an amount equal to the New Amount of such Advance in or towards the purchase of the Existing Amount of such Advance; and
(b) pay any portion of the amount which is not applied in accordance with sub-clause 4.4.1
(a) to the Parent or, if an Event of Default shall have occurred and the Bank so elects, retain any such portion for its own account, any amount so retained by the Bank being treated as if it were a prepayment made by the Parent under Clause 11.2 (Prepayment); and
4.4.2 the Parent shall pay to the Bank a sum equal to the amount (if any) by which the Existing Amount of such Advance exceeds the portion thereof purchased by the Bank pursuant to sub-clause 4.4.1(a).
CURRENCY CHANGE. If a Term Advance (the "RELEVANT ADVANCE") is to be denominated in different currencies during two successive Interest Periods:
4.5.1 the Agent shall on the third Business Day before the first day of the second of those Interest Periods:
(a) calculate the difference (the "OVERALL DOLLAR DIFFERENCE"), as of the first day of the second of those Interest Periods between (i) the Dollar Amount of all the Term Advances plus the Available Term Facility and (ii) the sum of the Dollar Equivalents of all the Term Advances except the Relevant Advance, and
(b) determine in accordance with Clause 4.3 (AMOUNT OF TERM ADVANCES) the New Amount of the Relevant Advance after adjusting its Dollar Amount for the second such Interest Period so as;
(i) if the determination is made before the end of the Availability Period for the Term Facility, to make it equal to the lesser of the Overall Dollar Difference or the Dollar Amount of the Relevant Advance during the first such Interest Period, or
(ii) if the determination is made after the Availability Period for the Term Facility, to make it equal to the Overall Dollar Difference, and
(c) enter into an exchange contract for the purchase of the currency of an amount equal to the Existing Amount of the Relevant Advance with the currency of the New Amount of the Relevant Advance, for settlement on the last day of the first of those Interest Periods;
4.5.2 on the last day of the first of those Interest Periods, each Bank shall pay an amount equal to its portion of the New Amount of the Relevant Advance to the Agent, who shall hold the same on behalf of such Bank;
4.5.3 the Agent shall:
(a) on the last day of the first of those Interest Periods, apply the amount so made available to it by each Bank in or towards the purchase of such Bank's portion of the Existing Amount of the Relevant Advance pursuant to the exchange contract referred to in Clause 4.5.1 (c) and pay the amount so purchased to such Bank; and
(b) pay any portion of the amount made available to it by the Banks and not applied in accordance with sub-clause 4.5.3
(a) to the Borrower or, if an Event of Default shall have occurred and the Agent or an Instructing Group so determines, to the Banks, any amount so paid to the Banks being treated as if it were a repayment made by the Borrower under Clause 11.3 (VOLUNTARY PROPORTIONAL REPAYMENT);
4.5.4 the Borrower shall pay to the Agent for the account of each Bank a sum equal to the amount (if any) by which such Bank's share of t...
CURRENCY CHANGE. The SA&PI system manages two different currencies, USD and EURO. Therefore the currency code must always been displayed on AITV associated with the generic item price. Even if the upload of the price list is driven by SA&PI in order to update the currency code it is necessary to add a new message to the existing interface. Currently it is available only the possibilities of updating manually the currency code in AITV. Basically AITV doesn’t manage any currency but is displaying the amount contained in the price list with a standard currency symbol loaded into the system. • Modify the interface in order to receive and manage the new message