Currency Exchange Fluctuations. (a) The Credit Agreement Loan Parties will implement and maintain internal controls to monitor the borrowings and repayments of Loans by the Credit Agreement Loan Parties and the issuance of and drawings under Letters of Credit, with the object of preventing any request for a Credit Extension that would result in (i) the Aggregate Outstanding Revolving Credit with respect to all of the Revolving Facility Lenders (including the Swing Line Lenders) being in excess of the aggregate Revolving Facility Commitments then in effect or (ii) the Subsidiary Swing Line Borrowers exceeding their respective Subsidiary Swing Line Borrower Sublimits and of promptly identifying and remedying any circumstance where, by reason of changes in exchange rates, the Aggregate Outstanding Revolving Credit with respect to all of the Revolving Facility Lenders (including the Swing Line Lenders) exceeds the aggregate Revolving Facility Commitments then in effect or the aggregate Swing Line Loans made to any Subsidiary Swing Line Borrower, plus the Subsidiary L/C Effective Amount of all Subsidiary L/C Obligations of such Subsidiary Swing Line Borrower exceeds its Subsidiary Swing Line Borrower Sublimit.
(b) Subject to Section 4.4, if on any Computation Date the Administrative Agent shall have determined that the Aggregate Outstanding Revolving Credit of all of the Revolving Facility Lenders exceeds the combined Revolving Facility Commitments of all Revolving Facility Lenders by more than the Dollar Equivalent amount of U.S. $5.0 million due to a change in applicable rates of exchange between U.S. Dollars, on the one hand, and Offshore Currencies, on the other hand, then the Administrative Agent shall give notice to the Revolving Borrowers that a prepayment of Loans (or, if no Revolving Credit Loans are outstanding, payment of unreimbursed drawings under Letters of Credit, or if none thereof, Cash Collateralization of outstanding Letters of Credit) is required under this subsection, and the Revolving Borrowers and the Subsidiary Swing Line Borrowers agree if such excess shall not have been prepaid within 30 days of such notice or during such 30 days such excess has not been eliminated by changes in currency exchange rates thereupon to make prepayments (by such repayment of Loans, payment of unreimbursed drawings or Cash Collateralization) of their respective pro rata portion of such excess (determined by reference to the aggregate Dollar Equivalent amount of each Revolving Borrower's ou...
Currency Exchange Fluctuations. Multicurrency Revolving Loans shall be prepaid as necessary at any time when currency exchange fluctuations cause (i) the total Multicurrency Revolving Credit Exposure at such time to exceed the total amount of the Multicurrency Revolving Commitments or (ii) the total Revolving Credit Exposure at such time to exceed the total amount of the Revolving Commitments.
Currency Exchange Fluctuations. Subject to Section 3.02, if on any Computation Date the Administrative Agent or the Canadian Administrative Agent shall have determined that (a) the Total Outstandings exceed the Aggregate Commitments by more than $5,000,000, or (b) the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by more than $5,000,000, in either event due to a change in applicable rates of exchange between Dollars and Canadian Dollars, then the Administrative Agent shall give notice to the Borrowers that a prepayment is required under this Section 2.14, and the Borrowers agree thereupon to make prepayments of Loans such that, after giving effect to such prepayment, the Total Outstandings do not exceed the Aggregate Commitments and the Total Canadian Outstandings do not exceed the Aggregate Canadian Commitments. No prepayment of Loans is required pursuant to this Section 2.14 or Section 2.05 in the event that the Total Outstandings exceed the Aggregate Commitments by $5,000,000 or less, or the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by $5,000,000 or less, in either event solely due to a change in applicable rates of exchange between Dollars and Canadian Dollars.
Currency Exchange Fluctuations. Subject to Section 4.04, if on any Computation Date the Agent shall have determined that the aggregate Dollar Equivalent principal amount of all Loans and L/C Obligations then outstanding exceeds the Aggregate Commitments by more than $500,000, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Agent shall give notice to the Company that a prepayment is required under this Section, and the Company agrees to promptly (and in any event within three Business Days of such notice) make prepayments of Loans such that, after giving effect to such prepayment the aggregate Dollar Equivalent amount of all Loans and L/C Obligations does not exceed the Aggregate Commitments.
Currency Exchange Fluctuations. If on any Computation Date the Administrative Agent shall have determined that the then outstanding Dollar Equivalent principal amount of the Total Outstanding exceeds the Total Commitment due to a change in applicable rates of exchange between US Dollars, on the one hand, and any Applicable Currency, on the other hand, then the Administrative Agent shall give notice to the Company that a prepayment is required under this Section, and the Borrowers agree thereupon to make prepayments of Loans such that, after giving effect to such prepayment, the Total Outstandings will not exceed the Total Commitment.
Currency Exchange Fluctuations. (a) The Company and its Subsidiaries will implement and maintain internal controls to monitor the borrowings and repayments of Loans by the Borrowers and the issuance of and drawings under Letters of Credit, with the object of preventing any request for a Credit Extension that would result in (i) the aggregate outstanding Revolving Loans and the Dollar Equivalent amount of the Swingline Loans and Letter of Credit Usage being in excess of the lesser of (y) the Total Revolving Loan Commitments available pursuant to Section 1.01(d) and (z) the Borrowing Base as shown in the Borrowing Base Certificate that was last delivered pursuant to Section 6.01; provided such Borrowing Base Certificate was required to be delivered pursuant to and was in compliance with Section 6.01 or was delivered after the Borrowing Base Certificate last required to be delivered pursuant to Section 6.01, or (ii) the aggregate amount of U.K. Swingline Loans or Canadian Swingline Loans exceeding the applicable Maximum Swingline Amount and of promptly identifying and remedying any circumstance where, by reason of changes in exchange rates, such limits have been exceeded.
Currency Exchange Fluctuations. Subject to Section 3.4, if on any Computation Date the Agent shall have determined that the Total Outstandings exceed the combined Commitments of all Lenders by more than $250,000 due to a change in applicable rates of exchange between Dollars, on the one hand, and Offshore Currencies on the other hand, then the Agent shall give notice to the Company that a prepayment is required under this subsection, and the Company agrees thereupon to make prepayments of Loans such that, after giving effect to such prepayment, the Total Outstandings do not exceed the combined Commitments of all Lenders.
Currency Exchange Fluctuations. If on any Determination Date ------------------------------ the Administrative Agent shall have determined that the aggregate Dollar Equivalent principal amount of all Loans and Loan Note Guaranty Obligations then outstanding exceeds the combined Commitments of the Banks by more than $500,000, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Administrative Agent shall give notice to the Borrowers ---- that a prepayment is required under this Section, and the Borrowers agree thereupon to make prepayments of Loans (and if all Loans shall be fully paid, Cash Collateralize the Loan Note Guaranty Obligations) such that, after giving effect to such prepayment the aggregate Dollar Equivalent amount of all Loans and Loan Note Guaranty Obligations does not exceed the combined Commitments. Prepayments of Loans under this Section 2.10 shall be applied (and, to the extent necessary, made in the Applicable Currency) to repay first, Base Rate Loans and second, Offshore Rate Loans. Any prepayment of an Offshore Rate Loan shall be subject to the provisions of Section 4.4.
Currency Exchange Fluctuations. Subject to Section 4.04, if on any Computation Date the Administrative Agent shall have determined that the Total Outstandings exceed the combined Commitments by a Dollar Equivalent amount of more than $2,000,000, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Administrative Agent shall give notice to the Company that a prepayment is required under this Section 2.09, and the Company agrees thereupon to make prepayments of Revolving Loans within one Business Day of such notice such that, after giving effect to such prepayment the Total Outstandings do not exceed the combined Commitments.
Currency Exchange Fluctuations. Subject to Section 4.4, if on any ------------------------------ Computation Date, the Agent shall have determined that the Canadian Dollar Equivalent Amount of the aggregate principal amount of all Revolving Loans outstanding exceeds the Aggregate Commitment by more than $375,000 (Cdn.), due to a change in applicable rates of exchange between U.S. Dollars and Canadian Dollars, then the Agent shall give notice to the Borrower's Designee that a ---- prepayment is required under this Section, and the Borrower agrees that it shall make prepayments of Loans not later than the Business Day following the Borrower's Designee's receipt of such notice such that, after giving effect to such prepayment the aggregate Canadian Dollar Equivalent Amount of all Revolving Loans does not exceed the Aggregate Commitment.
