Common use of Currency Exchange Fluctuations Clause in Contracts

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 $3,000,000, or (b) the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by more than $3,000,000, 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 $3,000,000 or less, or the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by $3,000,000 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 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 $3,000,0005,000,000, or (b) the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by more than $3,000,0005,000,000, 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 $3,000,000 5,000,000 or less, or the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by $3,000,000 5,000,000 or less, in either event solely due to a change in applicable rates of exchange between Dollars and Canadian Dollars.