Common use of Currency Exchange Fluctuations Clause in Contracts

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. 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 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 Agent shall give notice to the Company that a prepayment is required under this SectionSection 2.08, and the Company agrees thereupon to promptly (and in any event within three Business Days of such notice) make prepayments of Loans within one Business Day of such notice 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 combined Commitments.

Currency Exchange Fluctuations. Subject to Section 4.044.4, if on any Computation Date the Agent shall have determined that the aggregate Dollar Equivalent principal amount of all Loans and then outstanding plus the Dollar Equivalent amount of all L/C Obligations then outstanding exceeds the Aggregate 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 Agent shall give notice to the Company Borrowers that a prepayment is required under this Section, and the Company agrees to promptly Borrowers agree within ten (and in any event within three Business Days 10) days of such notice) notice to make prepayments of Loans such that, after giving effect to such prepayment the aggregate Dollar Equivalent amount of all Loans and plus the Dollar Equivalent amount of all L/C Obligations does not exceed the Aggregate combined Commitments.