Common use of Currency Repayments Clause in Contracts

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was made, provided, however, that if it is impossible or illegal for the Borrowers to effect payment of a Revolving Credit Loan in the Optional Currency in which such Loan was made, or if the Borrowers default in their obligations to do so, the Required Lenders may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers shall make such payment, and the Borrowers agree to hold each Lender harmless from and against any loss incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Revolving Credit Facility (Glatfelter P H Co)

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Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was made, provided, however, that if it is impossible or illegal for the Borrowers to effect payment of a Revolving Credit Loan in the Optional Currency in which such Loan was made, or if the Borrowers default in their obligations to do so, the Required Lenders Banks may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers shall make such payment, and the Borrowers agree to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers' obligations under this Section 2.10 2.12 shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made or Letter of Credit issued in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was mademade or Letter of Credit was issued, provided, however, that (a) if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Loan or reimbursement of a Letter of Credit Loan in the Optional Currency in which such Loan was mademade or Letter of Credit was issued, or (b) if the Borrowers default Borrower defaults in their its obligations to do so, or (c) if a Libor Rate Loan denominated in an Optional Currency automatically converts to a Base Rate Loan pursuant to Section 2.03(c) hereof, the Required Lenders Majority Banks may at their option (and, in the case of (a) above shall) permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Majority Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally mademade or Letter of Credit was originally issued, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was made, provided, however, that if it is impossible or illegal for the Borrowers to effect payment of a Revolving Credit Loan in the Optional Currency in which such Loan was made, or if the Borrowers default in their obligations to do so, the Required Lenders may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers shall make such payment, and the Borrowers agree to hold each Lender harmless from and against any loss incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers' obligations under this Section 2.10 2.12 shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Facility (Glatfelter P H Co), Revolving Credit Facility (Glatfelter P H Co)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Revolving Credit Loan was made, provided, however, that if it is impossible or illegal for the Borrowers to effect payment of a Revolving Credit Loan in the Optional Currency in which such Revolving Credit Loan was made, or if the Borrowers default in their obligations to do so, the Required Lenders may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers shall make such payment, and the Borrowers agree to indemnify and hold each Lender harmless from and against any loss incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Revolving Credit Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Revolving Credit Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency (including the Euro as provided in Section 2.11.4) shall be repaid in the same Optional Currency in which such Loan was made, provided, however, that if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Credit Loan in the Optional Currency in which such Loan was made, or if the Borrowers default Borrower defaults in their its obligations to do so, the Required Lenders Banks may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.payment

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made or Letter of Credit issued in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was mademade or Letter of Credit was issued, provided, however, that (a) if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Loan or reimbursement of a Letter of Credit Loan in the Optional Currency in which such Loan was mademade or Letter of Credit was issued, or (b) if the Borrowers default Borrower defaults in their its obligations to do so, or (c) if a Libor Rate Loan denominated in an Optional Currency automatically converts to a Base Rate Loan pursuant to Section 2.03(c) hereof, the Required Lenders Majority Banks may at their option (and, in the case of (a) above shall) permit such payment to be made (i) at and to a different location, subsidiary, affiliate Affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Majority Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally mademade or Letter of Credit was originally issued, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made or Letter of Credit issued in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was mademade or Letter of Credit was issued, provided, however, that (a) if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Loan or reimbursement of a Letter of Credit Loan in the Optional Currency in which such Loan was mademade or Letter of Credit was issued, or (b) if the Borrowers default Borrower defaults in their its obligations to do so, or (c) if a Loan denominated in an Optional Currency automatically converts to a Base Rate Loan pursuant to Section 2.03(c) hereof, the Required Lenders Majority Banks may at their option (and, in the case of (a) above shall) permit such payment to be made (i) at and to a different location, subsidiary, affiliate Affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Majority Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally mademade or Letter of Credit was originally issued, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.270034751 270134563

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was made, provided, however, that (a) if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Credit Loan in the Optional Currency in which such Loan was made, or (b) if the Borrowers default Borrower defaults in their its obligations to do so, or (c) if a Libor Rate Loan denominated in an Optional Currency automatically converts to a Prime Rate Loan pursuant to Section 2.03(c) hereof, the Required Lenders Majority Banks may at their option (and, in the case of (a) above shall) permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Majority Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. 23. Without prejudice to the survival of any other agreement The following is hereby inserted as a new Section 2.19 of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Loan Agreement.:

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

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Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Revolving Credit Loan was made, ,; provided, however, that if it is impossible or illegal for the Borrowers to effect payment of a Revolving Credit Loan in the Optional Currency in which such Revolving Credit Loan was made, or if the Borrowers default in their obligations to do so, the Required Lenders may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers shall make such payment, and the Borrowers agree to indemnify and hold each Lender harmless from and against any loss incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Revolving Credit Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Revolving Credit Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made or Letter of Credit issued in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was mademade or Letter of Credit was issued, provided, however, that (a) if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Loan or reimbursement of a Letter of Credit Loan in the Optional Currency in which such Loan was mademade or Letter of Credit was issued, or (b) if the Borrowers default Borrower defaults in their its obligations to do so, or (c) if a Libor Rate Loan denominated in an Optional Currency automatically converts to a Base Rate Loan pursuant to Section 2.03(c) hereof, the Required Lenders Majority Banks may at their option (and, in the case of (a) above shall) permit such payment to be made (i) at and to a different location, subsidiary, affiliate Affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Majority Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally mademade or Letter of Credit was originally issued, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.264674781 265265096

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made or Letter of Credit issued in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was mademade or Letter of Credit was issued, provided, however, that (a) if it is impossible or illegal for the Borrowers Borrower to effect payment of a Revolving Loan or reimbursement of a Letter of Credit Loan in the Optional Currency in which such Loan was mademade or Letter of Credit was issued, or (b) if the Borrowers default Borrower defaults in their its obligations to do so, or (c) if a Loan denominated in an Optional Currency automatically converts to a Base Rate Loan pursuant to Section 2.03(c) hereof, the Required Lenders Majority Banks may at their option (and, in the case of (a) above shall) permit such payment to be made (i) at and to a different location, subsidiary, affiliate Affiliate or correspondent of Administrative Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders Majority Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender Bank harmless from and against any loss incurred by any Lender Bank arising from the cost to such Lender Bank of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally mademade or Letter of Credit was originally issued, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers’ obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Currency Repayments. Notwithstanding anything contained ------------------- herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Loan was made, provided, however, that if it is impossible or -------- ------- illegal for the Borrowers Borrower to effect payment of a Revolving Credit Loan in the Optional Currency in which such Loan was made, or if the Borrowers default Borrower defaults in their obligations its obligation to do so, the Required Lenders may at their option permit such payment to be made (i) at and to a different location, subsidiarySubsidiary, affiliate Affiliate or correspondent of Administrative the Agent, or (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers Borrower shall make such payment, payment and the Borrowers agree Borrower agrees to hold each Lender harmless from and against any loss incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers Borrower hereunder, the Borrowers’ Borrower's obligations under this Section 2.10 2.13 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

Currency Repayments. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any Revolving Credit Loan made in an Optional Currency shall be repaid in the same Optional Currency in which such Revolving Credit Loan was made, provided, however, that if it is impossible or illegal for the Borrowers to effect payment of a Revolving Credit Loan in the Optional Currency in which such Revolving Credit Loan was made, or if the Borrowers default in their obligations to do so, the Required Lenders may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, (ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Lenders may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the Borrowers shall make such payment, and the Borrowers agree to indemnify and hold each Lender harmless from and against any loss incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange, the cost of hedging and covering the Optional Currency in which such Revolving Credit Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the Interest Period for such Revolving Credit Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrowers' obligations under this Section 2.10 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

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