Common use of Currency Translation Clause in Contracts

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statements.

Currency Translation. (a) For purposes of any determination under any provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. Such currency exchange rates shall be determined in good faith by the Administrative Agent. (b) The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars an Alternative Currency as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such the applicable currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentenceparagraph. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quartermonth, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of or the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Exchange Rate used to determine the US Dollar Equivalent of any LC Disbursement shall be that used to determine the US Dollar Equivalent of the related Letter of Credit. The Administrative Agent shall notify the Company Administrative Borrower and the applicable Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statements.

Currency Translation. (a) [intentionally omitted] (i) The Administrative Agent shall determine the Euro Equivalent of any Letter of Credit denominated in US Dollar Dollars or Pounds Sterling as of the date of the issuance thereof and as of each subsequent date on which such Letter of Credit shall be renewed or extended or the stated amount of such Letter of Credit shall be increased, in each case using the Exchange Rate for the applicable currency in relation to Euros in effect on the date of determination, and each such amount shall be the Euro Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this Section 1.05(b)(i). The Administrative Agent shall in addition determine the Euro Equivalent of any Letter of Credit denominated in US Dollars or Pounds Sterling as of the CAM Exchange Date as set forth in Section 7.03. (ii) The Administrative Agent shall determine the Euro Equivalent of any Borrowing denominated in a currency other than US Dollars or Pounds Sterling as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such the applicable currency in relation to US Dollars Euros in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Euro Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentenceSection 1.05(b)(ii). The Administrative Agent shall in addition determine the US Dollar Euro Equivalent of any Letter of Credit Borrowing denominated in a currency other than US Dollars or Pounds Sterling as of the date such Letter CAM Exchange Date as set forth in Section 7.02. (iii) The Euro Equivalent of Credit is issuedany LC Disbursement made by any Issuing Bank in US Dollars or Pounds Sterling and not reimbursed by the applicable Borrower shall be determined as set forth in paragraphs (e) or (l) of Section 2.04, amended to increase its face amountas applicable. In addition, extended or renewed and as the Euro Equivalent of the last Business Day LC Exposures shall be determined as set forth in paragraph (j) of each subsequent calendar quarterSection 2.04, in each case using at the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed time and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. circumstances specified therein. (iv) The Administrative Agent shall notify the Company Borrowers, the applicable Lenders and the Lenders applicable Issuing Bank of each calculation of the US Dollar Euro Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 Borrowing and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statementsLC Disbursement.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars dollars (a) as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefortherefor (or in the case of a Swingline Loan, on the borrowing date applicable thereto), in each case using the Exchange Rate for such currency in relation to US Dollars dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commencecommence (or in the case of a Swingline Loan, prior to the applicable borrowing date), and each such amount shall(b) during the continuance of an Event of Default, except as provided in reasonably requested by the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentenceAdministrative Agent. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars dollars as of (a) a date on or about the date on which the applicable Issuing Bank receives a request from the Borrower for the issuance of such Letter of Credit, (b) each subsequent date on which such Letter of Credit is issued, amended to increase its face amount, shall be renewed or extended or renewed the stated amount of such Letter of Credit shall be increased, (c) March 31 and September 30 in each year and (d) during the continuance of an Event of Default, as of reasonably requested by the last Business Day of each subsequent calendar quarterAdministrative Agent, in each case using the Exchange Rate for such currency in relation to US Dollars dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and determination. Each amount determined as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount aforesaid shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such the applicable Borrowing or Letter of Credit until the next required calculation thereof pursuant to the preceding sentences of this sentenceparagraph. The Administrative Agent shall notify the Company Borrower and the applicable Lenders of each calculation of the US Dollar Equivalent of each Borrowing or and Letter of CreditCredit denominated in a currency other than dollars. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 6.12 and 6.096.13) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars dollars shall be translated into US Dollars dollars at currency exchange rates in effect on the date of such determination; provided, however, that for purposes of determining compliance with Article VI with respect to the amount of any Indebtedness, Investment, Disposition or Restricted Payment in a currency other than dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness or Investment is incurred or Disposition or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.06 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness or Investment may be incurred or Disposition or Restricted Payment made at any time under such Sections. For purposes of Section 6.08 Sections 6.12 and 6.096.13, amounts in currencies other than US Dollars dollars shall be translated into US Dollars dollars at the currency exchange rates used in preparing the CompanyHolding’s annual and quarterly most recently delivered financial statements.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of an Alternative Currency two Business Days prior to the initial Interest Period therefor and as of the date of two Business Days prior to the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceof determination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency an LC Currency (other than US Dollars as of Dollars) on the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed issued and as of the last first Business Day of each subsequent calendar quartermonth, in each case using the Exchange Rate for such currency LC Currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may bedetermination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence; provided that the Administrative Agent shall also determine the US Dollar Equivalent of any Letter of Credit denominated in an LC Currency other than US Dollars as provided in Section 2.20(f) and 2.20(l). The Administrative Agent may also determine the US Dollar Equivalent of any Borrowing denominated in an Alternative Currency or any Letter of Credit denominated in an LC Currency (other than US Dollars) as of such other dates as the Administrative Agent shall select in its discretion, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Borrowing or such Letter of Credit until the next calculation thereof pursuant to this Section. The Administrative Agent shall notify the Company and the Revolving Lenders of each calculation determination of the US Dollar Equivalent of each Borrowing or denominated in an Alternative Currency and each Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding Credit denominated in currencies an LC Currency other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statementsDollars.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars Dollars, as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company Borrower and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or and Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange raterate (other than conversions under this Agreement of Obligations using the Exchange Rate as required by this Agreement), all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the CompanyBorrower’s annual and quarterly most recently delivered financial statements.

Currency Translation. (a) The Administrative Agent or the applicable Issuing Bank, as applicable, shall determine the US Spot Rates as of each Revaluation Date to be used for calculating the Dollar Equivalent of any Borrowing Letters of Credit and other outstanding amounts hereunder denominated in a currency other than US Dollars Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, Spot Rates employed in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which converting any amounts between the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing currencies until the next required calculation thereof pursuant Revaluation Date to occur. (b) Wherever in this sentence. The Administrative Agent shall determine Agreement in connection with the US Dollar Equivalent issuance, amendment or extension of any a Letter of Credit denominated Credit, an amount, such as a required minimum or multiple amount, is expressed in a currency other than US Dollars as of the date Dollars, but such Letter of Credit is issueddenominated in an Alternative Currency, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar relevant Alternative Currency Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. amount. (c) Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09the Financial Covenant) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates the Spot Rate then in effect on the date of such determination; provided, however, that (x) for purposes of determining compliance with Article VI or Article VII with respect to the amount of any Indebtedness, Lien, Investment, Disposition or Restricted Payment or payment under Section 6.10 in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness, Lien or Investment is incurred or Disposition or Restricted Payment or payment under Section 6.10 is made, (y) for purposes of determining compliance with any Dollar-denominated restriction on the incurrence of Indebtedness, if such Indebtedness is incurred (and, if applicable, associated Lien granted) to Refinance other Indebtedness denominated in a foreign currency, and such Refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such Refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such Refinanced Indebtedness (and, if applicable, associated Lien granted) does not exceed the principal amount of such Indebtedness being Refinanced and (z) for the avoidance of doubt, the foregoing provisions of this Section 1.05 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien or Investment may be incurred or Disposition or Restricted Payment or payment under Section 6.10 made at any time under such Sections. For purposes of Section 6.08 and 6.09the Financial Covenant, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency applicable exchange rates used in preparing the Companymost recently delivered financial statements pursuant to Sections 5.01(a) or (b). (d) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify with the Borrower’s annual consent (such consent not to be unreasonably withheld) to appropriately reflect a change in currency of any country and quarterly financial statementsany relevant market conventions or practices relating to such change in currency.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for (a) For purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09for purposes of calculating the Consolidated First Lien Leverage Ratio, the Consolidated Secured Leverage Ratio, the Consolidated Total Leverage Ratio or the Consolidated Fixed Charge Coverage Ratio) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurredIncurred, outstanding or proposed to be incurred Incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates the Spot Rate then in effect on the date of such determination; provided, however, that (x) for purposes of determining compliance with Article VI or Article VII with respect to the amount of any Indebtedness, Lien, Investment, Disposition or Restricted Payment or payment under Section 6.10 in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness, Lien or Investment is Incurred or made or Disposition or Restricted Payment or payment under Section 6.10 is made, (y) for purposes of determining compliance with any Dollar-denominated restriction on the Incurrence of Indebtedness, if such Indebtedness is Incurred (and, if applicable, any associated Lien granted) under a particular basket to Refinance other Indebtedness denominated in a foreign currency that was originally Incurred under the same basket, and such Refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such Refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount (or, if higher, the aggregate issue price or accreted amount, if applicable) of such Refinanced Indebtedness (and, if applicable, any associated Lien granted) does not exceed the principal amount (or, if higher, the aggregate issue price or accreted amount, if applicable) of such Indebtedness being Refinanced, except by an amount equal to the accrued interest, dividends and premium (including tender premiums), if any, thereon plus defeasance costs, underwriting discounts and other amounts paid and fees and expenses (including original issue discounts, closing payments, upfront fees and similar fees) Incurred in connection with such Refinancing plus an amount equal to any existing commitment unutilized and letters of credit undrawn thereunder plus additional amounts permitted to be incurred under Section 6.01 and (z) for the avoidance of doubt, the foregoing provisions of this Section 1.05 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien or Investment may be Incurred or made or Disposition or Restricted Payment or payment under Section 6.10 made at any time under such Sections. For purposes of Section 6.08 and 6.09calculating the Consolidated First Lien Leverage Ratio, the Consolidated Secured Leverage Ratio, the Consolidated Total Leverage Ratio or the Consolidated Fixed Charge Coverage Ratio, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency applicable exchange rates used in preparing the Companymost recently delivered financial statements pursuant to Sections 5.01(a) or (b). (b) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify with the Borrower’s annual consent (such consent not to be unreasonably withheld) to appropriately reflect a change in currency of any country and quarterly financial statementsany relevant market conventions or practices relating to such change in currency.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for (a) For purposes of any determination under Article VSection 6.01, Article VI (other than Sections 6.08 and 6.096.02, 6.03, 7.01(f), 7.01(g) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate7.01(k), all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination; provided that no Default or Event of Default shall arise as a result of any limitation set forth in US Dollars in Section 6.01, 6.02 or 6.03 being exceeded solely as a result of changes in currency exchange rates from those rates applicable at the time or times Indebtedness, Liens or Sale/Leaseback Transactions were initially consummated in reliance on the exceptions under such Sections. For purposes of any determination under Sections 6.05 and 6.08, the amount of each payment, disposition or other applicable transaction denominated in a currency other than US Dollars shall be translated into US Dollars at the applicable currency exchange rate in effect on the date of the consummation thereof. Such currency exchange rates shall be determined in good faith by Parent. For purposes of Section 6.08 6.10 and 6.09the related definitions, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates then most recently used in preparing the CompanyParent’s annual and quarterly consolidated financial statements. (i) The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency as of the date of the issuance thereof and on the first Business Day of each calendar month on which such Letter of Credit is outstanding, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this Section. The Administrative Agent shall in addition determine the US Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency as provided in Sections 2.06(e) and 2.06(l). (ii) The Applicable Agent shall determine the US Dollar Equivalent of any Borrowing denominated in an Alternative Currency on or about the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall, except as provided in the next sentence, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this Section. The Administrative Agent shall in addition determine the US Dollar Equivalent of any Revolving Borrowing denominated in an Alternative Currency as of the CAM Exchange Date, and such amount shall be the US Dollar Equivalent of such Revolving Borrowing for all purposes of Section 7.02. (iii) The Applicable Agent may also determine the US Dollar Equivalent of any Borrowing or Letters of Credit denominated in an Alternative Currency as of such other dates as such Applicable Agent shall determine, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Borrowing or Letter of Credit until the next calculation thereof pursuant to this Section. (iv) The Administrative Agent shall notify Parent, the applicable Lenders and the applicable Issuing Bank of each determination of the US Dollar Equivalent of each Letter of Credit, Borrowing and LC Disbursement.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars an Alternative Currency as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three two Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars an Alternative Currency as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three two Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences sentence of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 Article VI and 6.09the definitions employed therein, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statements. For purposes of determining compliance with the covenants set forth in Sections 6.01, 6.02 and 6.03, if fluctuations in the relevant currency exchange rate for Indebtedness or obligations secured by Liens or the amount of Attributable Debt in respect of any Sale-Leaseback Transaction, in each case, denominated in a foreign currency would be the sole cause of a violation of any such covenant, then no Event of Default shall occur in respect thereof until such time as such fluctuations cause the amount of Indebtedness or obligations secured by Liens or the Attributable Debt to exceed 105% of the amount otherwise permitted under such covenant.

Currency Translation. (a) For purposes of any determination under Section 6.01, 6.02 or 6.03 or under paragraph (f), (g) or (k) of Section 7.01, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination; PROVIDED that no Default or Event of Default shall arise as a result of any limitation set forth in US Dollars in Section 6.01, 6.02 or 6.03 being exceeded solely as a result of changes in currency exchange rates from those rates applicable at the time or times Indebtedness, Liens or Sale and Lease-Back Transactions were initially consummated in reliance on the exceptions under such Sections. For purposes of any determination under Section 6.08, the amount of each disposition or other applicable transaction denominated in a currency other than US Dollars shall be translated into US Dollars at the applicable currency exchange rate in effect on the date such disposition or other transaction is consummated. Such currency exchange rates shall be determined in good faith by the Company and the Borrowers. (i) The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency as of the date of the issuance thereof and on the first Business Day of each Calendar Month on which such Letter of Credit is outstanding, in each case using the Exchange Rate for the applicable currency in relation to US Dollars in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this subparagraph. The Administrative Agent shall in addition determine the US Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency as provided in Section 2.06(l). (ii) The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars an Alternative Currency as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such the applicable currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Sectionnext sentence, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentencesubparagraph. The Administrative Agent shall in addition determine the US Dollar Equivalent of any Letter of Credit Borrowing denominated in a currency other than US Dollars an Alternative Currency as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the CAM Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may beDate, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Equivalent of such Letter Borrowing for all purposes of Credit until the next required calculation thereof pursuant to this sentence. Section 7.02. (iii) The Administrative Agent shall notify the Company Company, the applicable Lenders and the Lenders applicable Issuing Bank of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 Borrowing and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statementsLC Disbursement.

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of (i) any Borrowing denominated in a currency other than US Dollars as of EURIBOR Loan at the date of the commencement first day of the initial Interest Period therefor and as of the date end of the commencement of such initial Interest Period and each subsequent Interest Period therefortherefor and (ii) any XXXXX Xxxx in accordance with the Administrative Agent’s standard practices (which determination shall be conclusive absent manifest error), with such frequency (including daily) as the Administrative Agent deems to be necessary or advisable in its sole discretion, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceof determination, and each such amount shall, except as provided in the last two sentences of this Sectionbelow, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall may also determine the US Dollar Equivalent of any Letter of Credit Borrowing denominated in a currency other than US Dollars an Alternative Currency as of such other dates as the date such Letter of Credit is issued, amended to increase Administrative Agent shall select in its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarterdiscretion, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may bedetermination, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Equivalent of such Letter of Credit Borrowing until the next required calculation thereof pursuant to this sentenceSection. The Administrative Agent shall notify the Company and the Revolving Lenders of each calculation determination of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for denominated in an Alternative Currency. (b) For purposes of any determination under Article VVI or VII, Article VI (other than Sections 6.08 and 6.09) amounts incurred or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rateoutstanding, all amounts incurred, outstanding or proposed to be incurred or outstanding outstanding, in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates in effect on the date of such determination. For ; provided that (i) for purposes of any determination under Sections 6.01 and 6.02, the amount of each applicable transaction denominated in a currency other than US Dollars shall be translated into US Dollars at the applicable currency exchange rate in effect on the date of the consummation thereof (or, in the case of any transaction, at the election of the Company, such other date as shall be applicable with respect to such transaction pursuant to Section 6.08 1.06(a) or, in the case of the incurrence of Indebtedness, on the date such Indebtedness is first committed), which currency exchange rates shall be determined reasonably and 6.09in good faith by the Company, and (ii) for purposes of the Leverage Ratio, the Interest Coverage Ratio, any other financial test and the related definitions, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates then most recently used in preparing the consolidated financial statements of the Company’s annual . Notwithstanding anything to the contrary set forth herein, but subject to clause (ii) above, (A) no Default or Event of Default shall arise as a result of any limitation or threshold set forth in Article VI or Article VII expressed in US Dollars in this Agreement being exceeded in respect of any transaction solely as a result of changes in currency exchange rates from those applicable for determining compliance with this Agreement at the time of, or at any time following, such transaction (or, if applicable, as of such other time as is applicable to such specified transaction pursuant to the immediately preceding sentence) and quarterly financial statements(B) in the case of any Indebtedness outstanding under any clause of Section 6.01 or secured under any clause of Section 6.02 that contains a limitation expressed in US Dollars and that, as a result of changes in exchange rates, is so exceeded, such Indebtedness will be permitted to be Refinanced notwithstanding that, after giving effect to such Refinancing, such excess shall continue.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent For purposes of determining compliance as of any Borrowing denominated in a currency other than US Dollars as of date after the date of the commencement of the initial Interest Period therefor Closing Date with Sections 5.17, 6.01, 6.02, 6.03, 6.04, 6.05 and as of the date of the commencement of each subsequent Interest Period therefor6.06, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of making any determination under Article V, Article VI (other than Sections 6.08 and 6.09Section 8.01(6) or Section 7.01 8.01(10) or any determination under for any other provision of this Agreement expressly requiring the use of a current exchange ratespecified purpose hereunder, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at the exchange rates in effect on the Business Day in which such determination occurs or in respect of which such determination is being made or, if such day is not a Business Day, the immediately preceding Business Day, as such exchange rates shall be determined in good faith by the Borrower by reference to customary indices; provided that for purposes of determining the First Lien Leverage Ratio, the Secured Leverage Ratio, the Total Leverage Ratio or the Cash Interest Coverage Ratio on any date of determination, amounts denominated in a currency other than Dollars will be translated into Dollars (i) with respect to income statement items, at the currency exchange rates used in calculating Consolidated Net Income in the Borrower’s latest financial statements delivered pursuant to Section 5.04(1) or (2), as applicable and (ii) with respect to balance sheet items, at the currency exchange rates used in calculating balance sheet items in the Borrower’s latest financial statements delivered pursuant to Section 5.04(1) or (2), as applicable and will, in the case of Indebtedness, reflect the currency translation effects, determined in accordance with GAAP, of Hedge Agreements permitted hereunder for currency exchange risks with respect to the applicable currency in effect on the date of determination of the Dollar Equivalent of such Indebtedness; provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such determinationrefinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. For purposes The principal amount of Section 6.08 any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such refinancing. No Default or Event of Default shall arise as a result of any limitation or threshold set forth in Dollars in Sections 6.01, 6.02, 6.03, 6.04, 6.05, 6.06 and 6.09, amounts or any other applicable section hereunder being exceeded solely as a result of changes in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing from those rates applicable on the Company’s annual and quarterly financial statementsdate with respect to which the applicable determination is being made.

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in Euros or Sterling as of the date of the issuance thereof and as of each subsequent date on which such Letter of Credit shall be renewed or extended or the stated amount of such Letter of Credit shall be increased, in each case using the Exchange Rate for the applicable currency in relation to Dollars in effect on the date of determination, and each such amount shall be the Dollar Equivalent of such Letter of Credit until the earlier of the next required calculation thereof pursuant to this Section 1.06(a) and the next calculation thereof pursuant to Section 1.06(c). (b) The Administrative Agent shall determine the Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars Euros or Sterling as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such the applicable currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, shall be the US Dollar Equivalent of such Borrowing until the earlier of the next required calculation thereof pursuant to this sentence. Section 1.06(b) and the next calculation thereof pursuant to Section 1.06(c). (c) The Administrative Agent may, at its election, determine the Dollar Equivalent of any Borrowing or Letter of Credit denominated in Euros or Sterling on any other Business Day. (d) The Administrative Agent shall determine notify the US Borrowers, the applicable Lenders and the applicable Issuing Bank of each calculation of the Dollar Equivalent of any each Letter of Credit Credit, Borrowing and LC Disbursement. (e) Notwithstanding any other provision of this Agreement, amounts denominated in a currency other than US Dollars as will be converted to Dollars for the purposes of calculating the date Leverage Ratio and the Interest Coverage Ratio at the exchange rates then used by the Company in its financial statements. (f) Where the permissibility of a transaction (other than the issuance or incurrence of Indebtedness, which shall be subject to the following paragraph (g)), depends upon compliance with, or is determined by reference to, amounts stated in Dollars, any amount in respect of such Letter of Credit is issued, amended transaction stated in another currency shall be translated to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using Dollars at the Exchange Rate for then in effect at the time such transaction is entered into and the permissibility of actions taken hereunder shall not be affected by subsequent fluctuations in exchange rates. (g) For purposes of determining compliance with any Dollar-denominated restriction on the incurrence of Indebtedness, the Dollar Equivalent principal amount of Indebtedness denominated in a currency in relation to US other than Dollars shall be calculated based on the relevant Exchange Rate in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issuedIndebtedness was incurred, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as in the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI Indebtedness (other than Sections 6.08 and 6.09) revolving credit debt), or Section 7.01 or any determination under any other provision of this Agreement expressly requiring on the use of a current exchange rate, all amounts incurred, outstanding or proposed date when the commitments thereunder are first available to be drawn, in the case of revolving credit debt; provided that if such Indebtedness is incurred to extend, replace, refund, refinance, renew or outstanding defease other Indebtedness denominated in currencies a currency other than US Dollars shall Dollars, and such extension, replacement, refunding, refinancing, renewal or defeasance would cause the applicable Dollar-denominated restriction to be translated into US Dollars exceeded if calculated at currency exchange rates the relevant Exchange Rate in effect on the date of such determination. For purposes of Section 6.08 and 6.09extension, amounts in currencies other than US Dollars replacement, refunding, refinancing, renewal or defeasance, such Dollar-denominated restriction shall be translated into US deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased except by an amount no greater than accrued and unpaid interest thereon and any existing unutilized commitments thereunder and any reasonable fees, premium and expenses related thereto. The principal amount in Dollars at of any Indebtedness incurred to extend, replace, refund, refinance, renew or defease other Indebtedness, if incurred in a different foreign currency from the currency exchange rates used Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased, shall be calculated by the Administrative Agent based on the Exchange Rate applicable to the currencies in preparing which such respective Indebtedness is denominated that is in effect on the Company’s annual and quarterly financial statementsdate of such extension, replacement, refunding, refinancing, renewal or defeasance.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing Letter of Credit denominated in a currency other than US Dollars an Available Foreign Currency as of (a) a date on or about the date on which the applicable Issuing Bank receives a request from EnergySolutions for the issuance of such Letter of Credit, (b) each subsequent date on which such Letter of Credit shall be renewed or extended or the commencement of stated amount thereof shall be increased, (c) on the initial Interest Period therefor and as of the date of the commencement last Business Day of each subsequent Interest Period thereforcalendar month and (d) at such other times as designated by the Administrative Agent, in each case using the Exchange Rate for such currency in relation to US U.S. Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such of determination. Each amount determined as aforesaid shall, except as provided in the last two sentences of this SectionSection 1.5, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such applicable Letter of Credit until the next required calculation thereof pursuant to the preceding sentence of this sentenceparagraph. The Administrative Agent shall in addition determine the Dollar Equivalent of any Letter of Credit denominated in an Available Foreign Currency as provided in Sections 2.6(h) and 2.6(i). The Administrative Agent shall notify the Company EnergySolutions and the Lenders applicable Issuing Bank of each calculation of the US Dollar Equivalent of each Borrowing or Letter of CreditCredit denominated in an Available Foreign Currency. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI VI, Article VII (other than Sections 6.08 and 6.09Section 7.6) or Section 7.01 Article VIII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US U.S. Dollars shall be translated into US U.S. Dollars at currency exchange rates in effect on the date of such determination; provided, however, that for purposes of determining compliance with Article VII with respect to the amount of any Indebtedness, Investment, disposition of assets or Restricted Payment in a currency other than U.S. Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in the Exchange Rate occurring after the time such Indebtedness, Investment, disposition or Restricted Payment is incurred or made; provided further that, for the avoidance of doubt, the foregoing provisions of this Section 1.5 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Investment, disposition or Restricted Payment may be incurred or made at any time under such Sections. For purposes of Section 6.08 Sections 2.18(b)(iii) and 6.097.6, amounts in currencies other than US U.S. Dollars shall be translated into US U.S. Dollars at the currency exchange rates used in preparing the CompanyParent’s annual and quarterly most recently delivered financial statements.

Currency Translation. The Administrative Agent shall determine (a) For purposes of this Agreement, the US Dollar Equivalent of any Borrowing denominated in a amount of currency other than US Dollars as of dollars shall be determined by the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceAdministrative Agent, and each such amount shall, except as determination shall be conclusive absent manifest error; provided in that the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine have no obligation to make (but may make) any such determination absent an express request therefor by the US Dollar Equivalent Borrower or any Lender (and, upon receipt of any Letter of Credit denominated in a currency other than US Dollars as of such request, the date Administrative Agent agrees to make such Letter of Credit is issued, amended determination and to increase its face amount, extended advise promptly the Borrower or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarterLender, as the case may be, and of the amount thereof). The Borrower agrees that prior to making any payment or prepayment required to be made under Article II, or taking any other action under Article II, that, in each such amount shallcase, except as provided in requires determination of the last two sentences of this Section, be the US Dollar Equivalent of any amount of currency other than US dollars, the Borrower shall request that the Administrative Agent make such Letter of Credit until determination prior to making such payment or prepayment or taking such other action. Holdings, the next required calculation thereof pursuant to this sentence. The Borrower, each Lender and each Issuing Bank hereby agree that the Administrative Agent shall notify not be liable or responsible for any loss, cost or expense suffered by Holdings, the Company and Borrower, any Lender or any Issuing Bank as a result of any such determination or, except in the Lenders case of each calculation any of the US Dollar Equivalent foregoing suffered by the Borrower or any Lender that shall have made an express request for such a determination (but, in any event, subject to Article VIII and Section 9.03(d)), as a result of each Borrowing or Letter the failure of Credit. Notwithstanding the foregoing, for Administrative Agent to effect any such determination. (b) For purposes of any determination under Article VArticles VI and VII, Article VI (other than Sections 6.08 and 6.09) amounts incurred or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rateoutstanding, all amounts incurred, outstanding or proposed to be incurred or outstanding outstanding, in currencies other than US Dollars dollars shall be translated into US Dollars dollars at the currency exchange rates in effect on the date of such determination. For ; provided that (a) for purposes of Section 6.08 any determination under Sections 6.04, 6.05 and 6.096.08, the amount of each applicable transaction denominated in a currency other than US dollars shall be translated into US dollars at the applicable currency exchange rate in effect on the date of the consummation thereof, which currency exchange rates shall be determined reasonably and in good faith by Holdings and the Borrower, and (b) for purposes of Sections 6.12 and 6.13, and the related definitions, amounts in currencies other than US Dollars dollars shall be translated into US Dollars dollars at the currency exchange rates then most recently used in preparing the Company’s annual consolidated financial statements of Holdings and quarterly financial statementsthe Subsidiaries. Notwithstanding anything to the contrary set forth herein, (i) no Default or Event of Default shall arise as a result of any limitation or threshold expressed in US dollars in Section 6.01 or 6.02 being exceeded in respect of any transaction solely as a result of changes in currency exchange rates from those applicable for determining compliance with such Section at the time of such transaction and (ii) in the case of any Indebtedness outstanding under any clause of Section 6.01 or secured under any clause of Section 6.02 that contains a limitation expressed in US dollars and that, as a result of changes in exchange rates, is so exceeded, such Indebtedness will be permitted to be refinanced with Refinancing Indebtedness in respect thereof incurred under such clause notwithstanding that, after giving effect to such refinancing, such excess shall continue. (c) For purposes of any determination under any provision of this Agreement (other than any provision referred to in the foregoing clauses of this Section) where the context requires that amounts expressed in US dollars include the equivalent thereof in other currencies, including the definitions of the terms “Guarantee and Collateral Requirement” and “Prepayment Events”, amounts denominated in currencies other than US dollars shall be translated into US dollars at the currency exchange rates in effect on the date of such determination.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of an Alternative Currency two Business Days prior to the initial Interest Period therefor and as of the date of two Business Days prior to the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceof determination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency an LC Currency (other than US Dollars as of Dollars) on the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed issued and as of the last first Business Day of each subsequent calendar quartermonth, in each case using the Exchange Rate for such currency LC Currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may bedetermination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence; provided that the Administrative Agent shall also determine the US Dollar Equivalent of any Letter of Credit denominated in an LC Currency other than US Dollars as provided in Section 2.20(f) and 2.20(l). The Administrative Agent may also determine the US Dollar Equivalent of any Borrowing denominated in an Alternative Currency or any Letter of Credit denominated in an LC Currency (other than US Dollars) as of such other dates as the Administrative Agent shall select in its discretion, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Borrowing or such Letter of Credit until the next calculation thereof pursuant to this Section. The Administrative Agent shall notify the Company and the Revolving Lenders of each calculation determination of the US Dollar Equivalent of each Borrowing or #96405571v11 denominated in an Alternative Currency and each Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding Credit denominated in currencies an LC Currency other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statementsDollars.

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of (i) any CDOR Borrowing denominated in a currency other than US Dollars as of at the date of the commencement first day of the initial Interest Period therefor and as of the date end of the commencement of such initial Interest Period and each subsequent Interest Period therefortherefor and (ii) any RFR Borrowing in accordance with the Administrative Agent’s standard practices (which determination shall be conclusive absent manifest error), with such frequency (including daily) as the Administrative Agent deems to be necessary or advisable in its sole discretion, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceof determination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency an LC Currency (other than US Dollars as of Dollars) on the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed issued and as of the last Business Day of each subsequent calendar quartermonth thereafter, in each case using the Exchange Rate for such currency LC Currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may bedetermination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence; provided that the Administrative Agent shall also determine the US Dollar Equivalent of any Letter of Credit denominated in an LC Currency other than US Dollars as provided in Section 2.20(f) and 2.20(l). The Administrative Agent may also determine the US Dollar Equivalent of any Borrowing denominated in an Alternative Currency or any Letter of Credit denominated in an LC Currency (other than US Dollars) as of such other dates as the Administrative Agent shall select in its discretion, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Borrowing or such Letter of Credit until the next calculation thereof pursuant to this Section. The Administrative Agent shall notify the Company and the Revolving Lenders of each calculation determination of the US Dollar Equivalent of each Borrowing or denominated in an Alternative Currency and each Letter of Credit. Notwithstanding the foregoing, for Credit denominated in an LC Currency other than US Dollars. (b) For purposes of any determination under Article VVI or VII, Article VI (other than Sections 6.08 and 6.09) amounts incurred or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rateoutstanding, all amounts incurred, outstanding or proposed to be incurred or outstanding outstanding, in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates in effect on the date of such determination. For ; provided that (i) for purposes of Section 6.08 any determination under Sections 6.01 and 6.096.02, the amount of each applicable transaction denominated in a currency other than US Dollars shall be translated into US Dollars at the applicable currency exchange rate in effect on the date of the consummation thereof, which currency exchange rates shall be determined reasonably and in good faith by the Company, and (ii) for purposes of the Leverage Ratio, any other financial test and the related definitions, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates then most recently used in preparing the consolidated financial statements of the Company’s annual . Notwithstanding anything to the contrary set forth herein, but subject to clause (ii) above, (A) no Default shall arise as a result of any limitation or threshold set forth in Article VI expressed in US Dollars in this Agreement being exceeded in respect of any transaction solely as a result of changes in currency exchange rates from those applicable for determining compliance with this Agreement at the time of, or at any time following, such transaction and quarterly financial statements(B) in the case of any Indebtedness outstanding under any clause of Section 6.01 or secured under any clause of Section 6.02 that contains a limitation expressed in US Dollars and that, as a result of changes in exchange rates, is so exceeded, such Indebtedness will be permitted to be refinanced notwithstanding that, after giving effect to such refinancing, such excess shall continue.

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars dollars (i) as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefortherefor (or in the case of a Swingline Loan, on the borrowing date applicable thereto), in each case using the Exchange Rate for such currency in relation to US Dollars dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commencecommence (or in the case of a Swingline Loan, prior to the applicable borrowing date), and each such amount shall(ii) during the continuance of an Event of Default, except as provided in reasonably requested by the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. Administrative Agent. (b) The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars dollars as of (i) a date on or about the date on which the applicable Issuing Bank receives a request from the Borrower for the issuance of such Letter of Credit, (ii) each subsequent date on which such Letter of Credit is issued, amended to increase its face amount, shall be renewed or extended or renewed the stated amount of such Letter of Credit shall be increased, (iii) March 31 and September 30 in each year and (iv) during the continuance of an Event of Default, as of reasonably requested by the last Business Day of each subsequent calendar quarterAdministrative Agent, in each case using the Exchange Rate for such currency in relation to US Dollars dollars in effect on the date that is three Business Days prior of determination. (c) Each amount determined pursuant to the date on which such Letter of Credit is issued, amended to increase its face amount, extended clause (a) or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences (b) of this Section, Section shall be the US Dollar Equivalent of such the applicable Borrowing or Letter of Credit until the next required calculation thereof pursuant to the preceding sentences of this sentenceparagraph. The Administrative Agent shall notify the Company Borrower and the applicable Lenders of each calculation of the US Dollar Equivalent of each Borrowing and Letter of Credit denominated in a currency other than dollars (d) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in dollars, but such Borrowing, Eurocurrency Loan or Letter of Credit. Credit is denominated in euro or Sterling, such amount shall be the relevant US Dollar Equivalent (rounded to the nearest unit of such currency, with 0.5 of a unit being rounded upward). (e) Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09Section 6.11) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars dollars shall be translated into US Dollars dollars at the Exchange Rate (rounded to the nearest currency unit, with 0.5 or more of a currency unit being rounded upward); provided, however, that for purposes of determining compliance with Article VI with respect to the amount of any Indebtedness, Investment, Disposition or Restricted Payment in a currency other than dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange rates in effect on occurring after the date time such Indebtedness or Investment is incurred or Disposition or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.06 shall otherwise apply to such determinationSections, including with respect to determining whether any Indebtedness or Investment may be incurred or Disposition or Restricted Payment made at any time under such Sections. For purposes of Section 6.08 and 6.09any determination of Consolidated Net Debt, amounts in currencies other than US Dollars dollars shall be translated into US Dollars dollars at the currency exchange rates used in preparing the Company’s annual and quarterly most recently delivered financial statementsstatements pursuant to Section 5.01(a) or (b).

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars dollars (i) as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefortherefor (or in the case of a Swingline Loan, on the borrowing date applicable thereto), in each case using the Exchange Rate for such currency in relation to US Dollars dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commencecommence (or in the case of a Swingline Loan, prior to the applicable borrowing date), and each such amount shall(ii) during the continuance of an Event of Default, except as provided in reasonably requested by the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. Administrative Agent. (b) The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars dollars as of (i) a date on or about the date on which the applicable Issuing Bank receives a request from the Borrower for the issuance of such Letter of Credit, (ii) each subsequent date on which such Letter of Credit is issued, amended to increase its face amount, shall be renewed or extended or renewed the stated amount of such Letter of Credit shall be increased, (iii) March 31 and September 30 in each year and (iv) during the continuance of an Event of Default, as of reasonably requested by the last Business Day of each subsequent calendar quarterAdministrative Agent, in each case using the Exchange Rate for such currency in relation to US Dollars dollars in effect on the date that is three Business Days prior of determination. (c) Each amount determined pursuant to the date on which such Letter of Credit is issued, amended to increase its face amount, extended clause (a) or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences (b) of this Section, Section shall be the US Dollar Equivalent of such the applicable Borrowing or Letter of Credit until the next required calculation thereof pursuant to the preceding sentences of this sentenceparagraph. The Administrative Agent shall notify the Company Borrower and the applicable Lenders of each calculation of the US Dollar Equivalent of each Borrowing and Letter of Credit denominated in a currency other than dollars (d) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in dollars, but such Borrowing, Eurocurrency Loan or Letter of Credit. Credit is denominated in euro or Sterling, such amount shall be the relevant Alternative Currency Equivalent of such dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward). (e) Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 6.12 and 6.096.13) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars dollars shall be translated into US Dollars dollars at currency exchange rates in effect on the date of such determination; provided, however, that for purposes of determining compliance with Article VI with respect to the amount of any Indebtedness, Investment, Disposition or Restricted Payment in a currency other than dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness or Investment is incurred or Disposition or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.06 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness or Investment may be incurred or Disposition or Restricted Payment made at any time under such Sections. For purposes of Section 6.08 Sections 6.12 and 6.096.13, amounts in currencies other than US Dollars dollars shall be translated into US Dollars dollars at the currency exchange rates used in preparing the Company’s annual and quarterly most recently delivered financial statementsstatements pursuant to Section 5.01(a) or (b).

Currency Translation. The General Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The General Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quartermonth, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quartermonth, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The General Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09Section 6.04) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at the Exchange Rate for the applicable currency exchange rates in relation to US Dollars in effect on the date of such determination. For purposes of Section 6.08 and 6.096.04, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statementsstatements most recently delivered pursuant to Section 5.01.

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of an Alternative Currency at the date of the commencement first day of the initial Interest Period therefor and as of the date end of the commencement of such initial Interest Period and each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceof determination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency an LC Currency (other than US Dollars as of Dollars) on the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed issued and as of the last Business Day of each subsequent calendar quartermonth thereafter, in each case using the Exchange Rate for such currency LC Currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may bedetermination, and each such amount shall, except as provided in the last two sentences penultimate sentence of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence; provided that the Administrative Agent shall also determine the US Dollar Equivalent of any Letter of Credit denominated in an LC Currency other than US Dollars as provided in Section 2.20(f) and 2.20(l). The Administrative Agent may also determine the US Dollar Equivalent of any Borrowing denominated in an Alternative Currency or any Letter of Credit denominated in an LC Currency (other than US Dollars) as of such other dates as the Administrative Agent shall select in its discretion, in each case using the Exchange Rate in effect on the date of determination, and each such amount shall be the US Dollar Equivalent of such Borrowing or such Letter of Credit until the next calculation thereof pursuant to this Section. The Administrative Agent shall notify the Company and the Revolving Lenders of each calculation determination of the US Dollar Equivalent of each Borrowing or denominated in an Alternative Currency and each Letter of Credit. Notwithstanding the foregoing, for Credit denominated in an LC Currency other than US Dollars. (b) For purposes of any determination under Article VVI or VII, Article VI (other than Sections 6.08 and 6.09) amounts incurred or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rateoutstanding, all amounts incurred, outstanding or proposed to be incurred or outstanding outstanding, in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates in effect on the date of such determination. For ; provided that (i) for purposes of Section 6.08 any determination under Sections 6.01 and 6.096.02, the amount of each applicable transaction denominated in a currency other than US Dollars shall be translated into US Dollars at the applicable currency exchange rate in effect on the date of the consummation thereof, which currency exchange rates shall be determined reasonably and in good faith by the Company, and (ii) for purposes of the Leverage Ratio, any other financial test and the related definitions, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates then most recently used in preparing the consolidated financial statements of the Company’s annual . Notwithstanding anything to the contrary set forth herein, but subject to clause (ii) above, (A) no Default shall arise as a result of any limitation or threshold set forth in Article VI expressed in US Dollars in this Agreement being exceeded in respect of any transaction solely as a result of changes in currency exchange rates from those applicable for determining compliance with this Agreement at the time of, or at any time following, such transaction and quarterly financial statements(B) in the case of any Indebtedness outstanding under any clause of Section 6.01 or secured under any clause of Section 6.02 that contains a limitation expressed in US Dollars and that, as a result of changes in exchange rates, is so exceeded, such Indebtedness will be permitted to be refinanced notwithstanding that, after giving effect to such refinancing, such excess shall continue.

Currency Translation. (a) The Administrative Agent shall determine the US Dollar Equivalent of (i) any CDOR Borrowing denominated in a currency other than US Dollars as of at the date of the commencement first day of the initial Interest Period therefor and as of the date end of the commencement of such initial Interest Period and each subsequent Interest Period therefortherefor and (ii) any RFR Borrowing in accordance with the Administrative Agent’s standard practices (which determination shall be conclusive absent manifest error), with such frequency (including daily) as the Administrative Agent deems to be necessary or advisable in its sole discretion, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceof determination, and each such amount shall, except as provided in the last two sentences of this Sectionbelow, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for such (b) For purposes of any determination under Article VVI or VII, Article VI (other than Sections 6.08 and 6.09) amounts incurred or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rateoutstanding, all amounts incurred, outstanding or proposed to be incurred or outstanding outstanding, in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates in effect on the date of such determination. For ; provided that (i) for purposes of Section 6.08 any determination under Sections 6.01 and 6.096.02, the amount of each applicable transaction denominated in a currency other than US Dollars shall be translated into US Dollars at the applicable currency exchange rate in effect on the date of the consummation thereof, which currency exchange rates shall be determined reasonably and in good faith by the Company, and (ii) for purposes of the Leverage Ratio, any other financial test and the related definitions, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates then most recently used in preparing the consolidated financial statements of the Company’s annual . Notwithstanding anything to the contrary set forth herein, but subject to clause (ii) above, (A) no Default or Event of Default shall arise as a result of any limitation or threshold set forth in Article VI expressed in US Dollars in this Agreement being exceeded in respect of any transaction solely as a result of changes in currency exchange rates from those applicable for determining compliance with this Agreement at the time of, or at any time following, such transaction and quarterly financial statements(B) in the case of any Indebtedness outstanding under any clause of Section 6.01 or secured under any clause of Section 6.02 that contains a limitation expressed in US Dollars and that, as a result of changes in exchange rates, is so exceeded, such Indebtedness will be permitted to be refinanced notwithstanding that, after giving effect to such refinancing, such excess shall continue.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars Dollars, other than a Canadian Prime Rate Borrowing or a Swingline Borrowing, as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commenceDollars, and each such amount shall, except as provided below in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, issued or amended to increase its face amount, extended or renewed amount and as of the last first Business Day of each subsequent calendar quartermonth, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may beDollars, and each such amount shall, except as provided below in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence; provided that the Administrative Agent shall in addition determine the US Dollar Equivalent of any Letter of Credit denominated in any currency other than US Dollars as provided in Sections 2.05(e) and 2.05(o). The Administrative Agent shall determine the US Dollar Equivalent of any Canadian Prime Rate Borrowing, Swingline Loan or B/A as of the date on which such Loan is made or such B/A is accepted and purchased and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for the applicable currency in relation to US Dollars, and each such amount shall, except as provided below in this Section, be the US Dollar Equivalent of such Canadian Prime Rate Borrowing, Swingline Loan or B/A until the next required calculation thereof pursuant to this sentence. If an Event of Default has occurred and is continuing, the Administrative Agent may redetermine as of any other day the US Dollar Equivalent of the Borrowings, B/As and Letters of Credit then outstanding. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing Borrowing, B/A or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination of the CAM Percentages, any determination under Article V, Article VI (other than Sections 6.08 and 6.09Section 6.05) or Section 7.01 Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.096.05, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates most recently used in preparing the Company’s annual and quarterly financial statements.

Currency Translation. The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three two Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three two Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI V (other than Sections 6.08 and 6.09Section 5.07) or Section 7.01 Article VI or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.095.07, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates most recently used in preparing the Company’s annual and quarterly financial statements.