Currency Conversion and Contingent Funding Agreement Sample Clauses

Currency Conversion and Contingent Funding Agreement. (a) Each Tranche A Revolving Lender hereby unconditionally and irrevocably agrees to purchase (in Dollars) an undivided participating interest in its ratable share of such Local Loans and Acceptances made by such Local Fronting Lenders as the Administrative Agent may at any time request; provided, however, that:
Sample 1Sample 2Sample 3See All (13)
AutoNDA by SimpleDocs
Currency Conversion and Contingent Funding Agreement. (a) Each Revolving Lender hereby unconditionally and irrevocably agrees to purchase (in Dollars) an undivided participating interest in its Pro Rata Revolving Share of the Foreign Currency Loans made by the Foreign Currency Fronting Lender as the Administrative Agent or the Foreign Currency Fronting Lender may at any time request; provided, however, that:
Sample 1Sample 2
Currency Conversion and Contingent Funding Agreement. In the event a Letter of Credit denominated in any of Pounds Sterling, Canadian Dollars or Euro is drawn and the US Borrowers do not reimburse the Letter of Credit Issuer pursuant to Section 1.4(e) on the date required thereunder (the “Required Date”), the reimbursement obligation in respect thereof shall be immediately converted into Dollars on the basis of the Spot Rate for the purchase of Dollars with such other currency on the Required Date. A request by the US Borrowers to the Administrative Agent for a Borrowing of US Base Revolving Loans in the amount of such converted amount shall be deemed to have been given with a Funding Date as the Required Date. The Administrative Agent is authorized to charge the US Borrowers’ Loan Account for the amount of such converted amount in accordance with Section 3.6.
Sample 1
Currency Conversion and Contingent Funding Agreement. (a) Each Revolving Credit Lender hereby unconditionally and irrevocably agrees to purchase (in Dollars) an undivided participating interest in its ratable share of such C$ Prime Loans and Bankers’ Acceptances made by the Canadian Fronting Lender as the Administrative Agent may at any time request; provided that:
Sample 1
Currency Conversion and Contingent Funding Agreement. In the event a Letter of Credit denominated in any of Dollars, Canadian Dollars or Euro is drawn and the UK Borrower does not reimburse the Letter of Credit Issuer pursuant to Section 1.4(e) on the date required thereunder (the “Required Date”), the reimbursement obligation in respect thereof shall be immediately converted into Pounds Sterling on the basis of the Spot Rate for the purchase of Pounds Sterling with such other currency on the Required Date. A request by the UK Borrower to the UK Agent for a Borrowing of UK Sterling LIBOR Revolving Loans in the amount of such converted amount shall be deemed to have been given with a Funding Date as the Required Date. The UK Agent is authorized to charge the UK Borrower’s Loan Account for the amount of such converted amount in accordance with Section 3.6.
Sample 1
Currency Conversion and Contingent Funding Agreement. Each Non-Offshore Currency Lender that is a US Lender hereby unconditionally and irrevocably agrees to purchase (in the currency in which the applicable Offshore Currency Rate Loan is made) as and when requested by the Administrative Agent or the Fronting Lender at any time, an undivided participating interest equal to its Pro Rata Share of all Offshore Currency Rate Loans that are US Advances that are made by the Fronting Lender and each Non-Offshore Currency Lender that is a European Lender hereby unconditionally and irrevocably agrees to purchase (in the currency in which the applicable Offshore Currency Rate Loan is made) as and when requested by the European Administrative Agent or the Fronting Lender at any time, an undivided participating interest equal to its Pro Rata Share of all Offshore Currency Rate Loans that are European Advances that are made by the Fronting Lender, provided that:
Sample 1
Currency Conversion and Contingent Funding Agreement. Each of the Lenders hereby unconditionally and irrevocably agrees to purchase (in the currency in which the applicable Multicurrency Loan is made or, at the option of any Lender with the consent of the Agent, in U.S. Dollars in the amount of the Dollar Equivalent thereof on the date of the purchase), as and when requested by the Agent or the Fronting Lender at any time, an undivided participating interest equal to its Applicable Percentage of all Multicurrency Loans that are made by the Fronting Lender, provided that:
Sample 1
AutoNDA by SimpleDocs

Related to Currency Conversion and Contingent Funding Agreement

  • Conversion Rate Adjustments where Converting Holders Participate in the Relevant Transaction or Event Notwithstanding anything to the contrary in this Indenture or the Notes, if:

  • Designation and Conversion of Restricted and Unrestricted Subsidiaries (a) Unless designated after the Closing Date in writing to the Administrative Agent pursuant to this Section, any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

  • Designation, Amount and Par Value The series of preferred stock shall be designated as the Series D 5% Convertible Preferred Stock (the "Preferred Stock"), and the number of shares so designated and authorized shall be Three Thousand (3,000). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value of $1,000 per share (the "Stated Value").

  • Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes (a) If the Effective Date of a Make-Whole Fundamental Change occurs prior to the Maturity Date and a Holder elects to convert its Notes in connection with such Make-Whole Fundamental Change, the Company shall, under the circumstances described below, increase the Conversion Rate for the Notes so surrendered for conversion by a number of additional shares of Common Stock (the “Additional Shares”), as described below. A conversion of Notes shall be deemed for these purposes to be “in connection with” such Make-Whole Fundamental Change if the relevant Notice of Conversion is received by the Conversion Agent from, and including, the Effective Date of the Make-Whole Fundamental Change up to, and including, the Business Day immediately prior to the related Fundamental Change Repurchase Date (or, in the case of a Make-Whole Fundamental Change that would have been a Fundamental Change but for the proviso in clause (b) of the definition thereof, the 35th Trading Day immediately following the Effective Date of such Make-Whole Fundamental Change) (such period, the “Make-Whole Fundamental Change Period”).

  • Initial Advance to Each Designated Subsidiary The obligation of each Lender to make an initial Advance to each Designated Subsidiary is subject to the receipt by the Agent on or before the date of such initial Advance of each of the following, in form and substance reasonably satisfactory to the Agent and dated such date:

  • Extension and Conversion Subject to the terms of Section 5.2, the Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in Section 3.8, Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) Loans extended as, or converted into, Eurodollar Loans shall be subject to the terms of the definition of "

  • Consolidation, Merger, Sale or Purchase of Assets, etc The Credit Parties will not, nor will they permit any Subsidiary to,

  • Designation of Certificates; Designation of Startup Day and Latest Possible Maturity Date The Seller hereby designates the Classes of Class A Certificates (other than the Class II-A-R and Class II-A-LR Certificates) and the Classes of Class B Certificates as classes of "regular interests" and the Class II-A-R Certificate as the single class of "residual interest" in the Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Seller hereby further designates the Class I-L Interest, Class I-LS Interest, Class II-L Interest, and Class II-LS Interest as classes of "regular interests" and the Class II-A-LR Interest as the single class of "residual interest" in the Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Closing Date is hereby designated as the "Startup Day" of each of the Upper-Tier REMIC and the Lower-Tier REMIC within the meaning of Code Section 860G(a)(9). The "latest possible maturity date" of the regular interests in the Upper-Tier REMIC and the Lower-Tier REMIC is September 25, 2034 for purposes of Code Section 860G(a)(1).

  • Merger and Consolidation Conversion 24 (a) Merger and Consolidation. 24 (b) Conversion 24 Section 4. Reorganization 25 Section 5. Amendments 25 Section 6. Filing of Copies, References, Headings 26 Section 7. Applicable Law 26 Section 8. Provisions in Conflict with Law or Regulations. 26 Section 9. Statutory Trust Only 26 Section 10. Fiscal Year 33 AGREEMENT AND DECLARATION OF TRUST OF

  • Conversion Arrangement on Call for Redemption In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities by an agreement with one or more investment bankers or other purchasers (the "Purchasers") to purchase such securities by paying to the Trustee in trust for the Holders, on or before the Redemption Date, an amount not less than the applicable Redemption Price, together with interest accrued to the Redemption Date, of such Securities. Notwithstanding anything to the contrary contained in this Article XI, the obligation of the Company to pay the Redemption Price, together with interest accrued to the Redemption Date, shall be deemed to be satisfied and discharged to the extent such amount is so paid by such Purchasers. If such an agreement is entered into (a copy of which shall be filed with the Trustee prior to the close of business on the Business Day immediately prior to the Redemption Date), any Securities called for redemption that are not duly surrendered for conversion by the Holders thereof may, at the option of the Company, be deemed, to the fullest extent permitted by law, and consistent with any agreement or agreements with such Purchasers, to be acquired by such Purchasers from such Holders and (notwithstanding anything to the contrary contained in Article XII) surrendered by such Purchasers for conversion, all as of immediately prior to the close of business on the Redemption Date (and the right to convert any such Securities shall be extended through such time), subject to payment of the above amount as aforesaid. At the direction of the Company, the Trustee shall hold and dispose of any such amount paid to it by the Purchasers to the Holders in the same manner as it would monies deposited with it by the Company for the redemption of Securities. Without the Trustee's prior written consent, no arrangement between the Company and such Purchasers for the purchase and conversion of any Securities shall increase or otherwise affect any of the powers, duties, responsibilities or obligations of the Trustee as set forth in this Indenture, and the Company agrees to indemnify the Trustee from, and hold it harmless against, any loss, liability or expense arising out of or in connection with any such arrangement for the purchase and conversion of any Securities between the Company and such Purchasers, including the costs and expenses, including reasonable legal fees, incurred by the Trustee in the defense of any claim or liability arising out of or in connection with the exercise or performance of any of its powers, duties, responsibilities or obligations under this Indenture.

Time is Money Join Law Insider Premium to draft better contracts faster.