Common use of Currency Fluctuations Clause in Contracts

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Letters of Credit outstanding, (i) each Issuing Bank that has outstanding any Alternate Currency Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Agent and the Borrower of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and (ii) the Paying Agent shall give notice to the Lenders and the Borrower of the Spot Exchange Rates so determined. The Spot Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") and (subject to Section 2.06(m)) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of Credit, if there are any Alternate Currency Letters of Credit then outstanding, the Paying Agent shall (i) determine the Dollar Equivalent of the Alternate Currency Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Lenders and the Borrower of the results of such determination and of the resulting total Revolving Credit Exposures.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Letters of Credit outstanding, Date (i) each Issuing Bank that has outstanding any Alternate Currency Local Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Local Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Administrative Agent and the Borrower of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination determination, and (ii) the Paying Administrative Agent shall give notice to the Revolving Lenders and the Borrower of the Spot Exchange Rates so determined. The Spot Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and (subject to Section 2.06(m2.04(k)) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of CreditBorrowing, if there are any Alternate Currency Local Letters of Credit then outstanding, the Paying Administrative Agent shall (i) determine the Dollar Equivalent of the Alternate Currency Local Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Revolving Lenders and the Borrower of the results of such determination and of the resulting total Revolving Credit Exposures.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Letters of Credit outstanding, Date (i) each Issuing Bank that has outstanding any Alternate Currency Local Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Local Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Administrative Agent and the Borrower Company of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and determination, (ii) the Paying Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to each Local Currency for which there is at such time any outstanding Local Currency Loan and (iii) the Administrative Agent shall give notice to the Revolving Lenders and the Borrower Company of the Spot Exchange Rates and Exchange Rates so determined. The Spot Exchange Rates and the Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") and (subject to Section 2.06(m)2.05(l) in the case of Spot Exchange Rates) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of Credit, if there are any Alternate Currency Letters of Credit then outstandingBorrowing, the Paying Administrative Agent shall (i) determine the Dollar Equivalent of the Alternate Local Currency Loans and Local Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Revolving Lenders and the Borrower Company of the results of such determination and of the resulting total Revolving Credit ExposuresExposures and Local Currency Loan Exposure.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Letters of Credit outstanding, (i) each Issuing Bank that has outstanding any Alternate Currency Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Agent and the Borrower of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and (ii) the Paying Agent shall give notice to the Lenders and the Borrower of the Spot Exchange Rates so determined. The Spot Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and (subject to Section 2.06(m)) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of Credit, if there are any Alternate Currency Letters of Credit then outstanding, the Paying Agent shall (i) determine the Dollar Equivalent of the Alternate Currency Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Lenders and the Borrower of the results of such determination and of the resulting total Revolving Credit Exposures.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Local Letters of Credit or Local Currency Loans outstanding, (i) each Issuing Bank that has outstanding any Alternate Currency Local Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Local Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Administrative Agent and the Parent Borrower of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and determination, (ii) the Paying Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to each Local Currency for which there is at such time any outstanding Local Currency Loan and (iii) the Administrative Agent shall give notice to the Revolving Lenders and the Parent Borrower of the Spot Exchange Rates and Exchange Rates so determined. The Spot Exchange Rates and the Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and (subject to Section 2.06(m)2.05(k) in the case of Spot Exchange Rates) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of CreditBorrowing, if there are any Alternate Currency Local Letters of Credit or Local Currency Loans then outstanding, the Paying Administrative Agent shall (i) determine the Dollar Equivalent of the Alternate Local Currency Loans and Local Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Revolving Lenders and the Parent Borrower of the results of such determination and of the resulting total Revolving Credit ExposuresExposures and Local Currency Loan Exposure.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Letters of Credit outstanding, (i) each Issuing Bank that has outstanding any Alternate Currency Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Agent and the Borrower of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and (ii) the Paying Agent shall give notice to the Lenders and the Borrower of the Spot Exchange Rates so determined. The Spot Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and (subject to Section 2.06(m2.05(m)) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of Credit, if there are any Alternate Currency Letters of Credit then outstanding, the Paying Agent shall (i) determine the Dollar Equivalent of the Alternate Currency Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Lenders and the Borrower of the results of such determination and of the resulting total Revolving Credit Exposures.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Letters of Credit outstanding, Date (i) each Issuing Bank that has outstanding any Alternate Currency Local Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Local Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Administrative Agent and the Borrower Company of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and determination, (ii) the Paying Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to each Local Currency for which there is at such time any outstanding Local Currency Loan and (iii) the Administrative Agent shall give notice to the Revolving Lenders and the Borrower Company of the Spot Exchange Rates and Exchange Rates so determined. The Spot Exchange Rates and the Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and (subject to Section 2.06(m)2.05(l) in the case of Spot Exchange Rates) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of Credit, if there are any Alternate Currency Letters of Credit then outstandingBorrowing, the Paying Administrative Agent shall (i) determine the Dollar Equivalent of the Alternate Local Currency Loans and Local Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Revolving Lenders and the Borrower Company of the results of such determination and of the resulting total Revolving Credit ExposuresExposures and Local Currency Loan Exposure.

Currency Fluctuations. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, if there are any Alternate Currency Local Letters of Credit or Local Currency Loans outstanding, (i) each Issuing Bank that has outstanding any Alternate Currency Local Letter of Credit or LC Disbursement thereunder shall determine the Dollar Amount as of such Calculation Date of each outstanding Alternate Currency Local Letter of Credit issued by it or LC Disbursement thereunder, and such Issuing Bank shall notify the Paying Administrative Agent and the Parent Borrower of each Dollar Amount so determined and the relevant Spot Exchange Rate used by it to make such determination and determination, (ii) the Paying Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to each Local Currency for which there is at such time any outstanding Local Currency Loan and (iii) the Administrative Agent shall give notice to the Revolving Lenders and the Parent Borrower of the Spot Exchange Rates and Exchange Rates so determined. The Spot Exchange Rates and the Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and (subject to Section 2.06(m)2.05(k) in the case of Spot Exchange Rates) shall remain effective until the next succeeding Reset Date. (b) Not later than 5:00 p.m., New York City time, on each Reset Date and the date of each Borrowing or issuance of a Letter of CreditBorrowing, if there are any Alternate Currency Local Letters of Credit or Local Currency Loans then outstanding, the Paying Administrative Agent shall (i) determine the Dollar Equivalent of the Alternate Local Currency Loans and Local Letters of Credit then outstanding (after giving effect to any Loans to be made or repaid on such date) and (ii) notify the Revolving Lenders and the Parent Borrower of the results of such determination and of the resulting total Revolving Credit ExposuresExposures and Local Currency Loan Exposure.