Common use of Currency Conversion After Maturity Clause in Contracts

Currency Conversion After Maturity. Notwithstanding any other provision in this Agreement, on the date that there has been an acceleration of the maturity of the Obligations or a termination of the obligations of the Lenders to make Credit Extensions hereunder as a result of any Event of Default, (i) the Commitments shall automatically and without further act be terminated; (ii) all Advances and all other Obligations under the US Facility denominated in any Foreign Currency (including C$) shall be converted into, and all such amounts due thereunder shall accrue and be payable in, Dollars at the Exchange Rate on such date; (iii) all Advances and all other Obligations under the Canadian Facility denominated in Dollars shall be converted into, and all such amounts due thereunder shall accrue and be payable in, Canadian Dollars at the Exchange Rate on such date; and (iv) on and after such date the interest rate applicable to all such Obligations shall be the default rate applicable to overdue Base Rate Advances hereunder. From and after such date, all Advances under the US Facility shall be denominated only in, and all fees due under this Agreement under the US Facility shall be payable in, Dollars and all Advances under the Canadian Facility shall be denominated only in, and all fees due under this Agreement under the Canadian Facility shall be payable in, Canadian Dollars.

Currency Conversion After Maturity. Notwithstanding any other provision in this Agreement, on the date that there has been an acceleration of the maturity of the Obligations or a termination of the obligations of the Lenders to make Credit Extensions hereunder as a result of any Event of Default, (i) the Commitments shall automatically and without further act be terminated; (ii) all Advances and all other Obligations under the US Facility denominated in any Foreign Currency (including C$) Canadian Dollars shall be converted into, and all such amounts due thereunder shall accrue and be payable in, Dollars at the Exchange Rate on such date; (iii) all Advances and all other Obligations under the Canadian Facility denominated in Dollars shall be converted into, and all such amounts due thereunder shall accrue and be payable in, Canadian Dollars at the Exchange Rate on such date; and (ivii) on and after such date the interest rate applicable to all such Obligations shall be the default rate applicable to overdue Base Rate Advances hereunderDefault Rate. From and after such date, all Advances under the US Facility shall be denominated only in, and all fees due under this Agreement under the US Facility shall be payable in, Dollars and all Advances under the Canadian Facility shall be denominated only in, and all fees due under this Agreement under the Canadian Facility shall be payable in, Canadian Dollars.

Currency Conversion After Maturity. Notwithstanding any other provision in this Agreement, on the date that there has been an acceleration of the maturity of the Obligations or a termination of the obligations of the Lenders to make Credit Extensions hereunder as a result of any Event of Default, (i) the Commitments shall automatically and without further act be terminated; (ii) all Advances and all other Obligations under the US Facility denominated in any Foreign Currency (including C$) shall be converted into, and all such amounts due thereunder shall accrue and be payable in, Dollars at the Exchange Rate on such date; (iii) all Advances and all other Obligations under the Canadian Facility denominated in Dollars shall be converted into, and all such amounts due thereunder shall accrue and be payable in, Canadian Dollars at the Exchange Rate on such date; and (iv) on and after such date the interest rate applicable to all such Obligations shall be the default rate Default Rate applicable to overdue Base Rate Advances hereunder. From and after such date, all Advances under the US Facility shall be denominated only in, and all fees due under this Agreement under the US Facility shall be payable in, Dollars and all Advances under the Canadian Facility shall be denominated only in, and all fees due under this Agreement under the Canadian Facility shall be payable in, Canadian Dollars.