Common use of Currency Fluctuations Clause in Contracts

Currency Fluctuations. If on any Computation Date, the Dollar Equivalent Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay within one (1) Business Day after receiving such notice that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause the Dollar Equivalent Revolving Credit Loans to be less than the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 2 contracts

Sources: Credit Agreement (Under Armour, Inc.), Credit Agreement (Under Armour, Inc.)

Currency Fluctuations. If on any Computation Date, Date the Dollar Equivalent Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Sections 5.8 and 5.10) within one (1) Business Day after receiving such notice such that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause the Dollar Equivalent Revolving Credit Loans to be less than Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 2 contracts

Sources: Credit Agreement (Spartech Corp), Credit Agreement (Om Group Inc)

Currency Fluctuations. If on any Computation Date, Date the Dollar Equivalent Revolving Facility Usage is equal to or greater than 105% of the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower Borrowers of the same. The Borrower Borrowers shall pay or prepay Loans (subject to Borrower indemnity obligations under Sections 4.4 and 4.6) within one (1) Business Day after receiving such notice such that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause the Dollar Equivalent Revolving Credit Loans to be less than Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 2 contracts

Sources: Revolving Credit Facility Credit Agreement (Brady Corp), Revolving Credit Facility (Brady Corp)

Currency Fluctuations. If on any Computation Date, Date the Dollar Equivalent Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more the Optional Currencies Currency and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay the Loans (subject to Borrower’s indemnity obligations under Sections 4.4 and 5.6 hereof) within one (1) Business Day after receiving such notice such that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause Facility Usage shall not exceed the Dollar Equivalent Revolving Credit Loans to be less than the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 2 contracts

Sources: Credit Agreement (Koppers Inc), Credit Agreement (KI Holdings Inc.)

Currency Fluctuations. If on any Computation Date, Date the Dollar Equivalent Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Sections 5.8 and 5.10) within one (1) Business Day after receiving such notice such that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause the Dollar Equivalent Revolving Credit Loans to be less than Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 1 contract

Sources: Credit Agreement (Koppers Holdings Inc.)

Currency Fluctuations. If on any Computation Date, Date the Dollar Equivalent Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more the Optional Currencies Currency and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay the Loans (subject to Borrower's indemnity obligations under Sections 4.4 and 5.6 hereof) within one (1) Business Day after receiving such notice such that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause Facility Usage shall not exceed the Dollar Equivalent Revolving Credit Loans to be less than the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 1 contract

Sources: Credit Agreement (Koppers Inc)

Currency Fluctuations. If on any Computation Date, Date the Dollar Equivalent Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The same and the Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Sections 5.8 and 5.10) within one (1) Business Day after receiving such notice in an amount such that portion of the Revolving Credit Loans (subject to Borrower’s indemnity obligations hereunder) necessary to cause the Dollar Equivalent Revolving Credit Loans to be less than Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

Appears in 1 contract

Sources: Credit Agreement (Koppers Holdings Inc.)