Common use of Currency Translation; Rates Clause in Contracts

Currency Translation; Rates. (a) On each Exchange Rate Determination Date, the Administrative Agent or applicable Issuing Bank shall (i) determine the Exchange Rate as of such Exchange Rate Determination Date and (ii) give notice thereof to (A) the Borrower and (B) each Lender and/or Issuing Bank that shall have requested such information. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Exchange Rate Determination Date (each, a “Reset Date”) and shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any provision expressly requiring the use of a current Exchange Rate) be the Exchange Rate employed in converting amounts between Dollars, on the one hand, and Alternative Currencies or Approved Foreign Currencies, on the other hand.

Currency Translation; Rates. (a) On each Exchange Rate Determination Date, the Administrative Agent or applicable Issuing Bank shall (i) determine the Exchange Rate as of such Exchange Rate Determination Date and (ii) give notice thereof to (A) the Lead Borrower and (B) each Lender and/or Issuing Bank that shall have requested such information. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Exchange Rate Determination Date (each, a “Reset Date”) and shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any provision expressly requiring the use of a current Exchange Rate) be the Exchange Rate employed in converting amounts between Dollars, on the one hand, and Alternative Currencies or Approved Foreign Currencies, on the other hand.

Currency Translation; Rates. (a) On each Exchange Rate Determination Date, the Administrative Agent or applicable Issuing Bank shall (i) determine the Exchange Rate as of such Exchange Rate Determination Date and (ii) give notice thereof to (A) the Borrower and (B) each Lender and/or Issuing Bank that shall have requested such information. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Exchange Rate Determination Date (each, a “Reset Date”) and shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any provision expressly requiring the use of a current Exchange Rate) be the Exchange Rate employed in converting amounts between Dollars, on the one hand, and Alternative Currencies or Approved Foreign Currencies, on the other hand.