Determination of Dollar Equivalent. On each Business Day on which any FCI is outstanding under this Agreement, or there is any other FCI Issuing Lender Exposure, the Foreign Trade Facility Agent shall determine the amount of the Dollar Equivalent of all outstanding FCIs and unreimbursed FCI Disbursements (in each case adjusted to reflect any repayment, prepayment or reversal of any relevant FCI) on the basis of the foreign exchange rates for the previous Business Day which shall be determined as follows:
(i) if the conversion rate of the respective currency into Dollars is published on the internet page “xxx.xx-xxxxxxx.xxx” (on the sub-page “Markets,” sub-page “FX Rates,” sub-page “DB Fixings” or on any other internet page replacing such internet page), the calculation shall be based on the rates displayed on such internet page; and
(ii) if the conversion rate of the respective currency into Dollars is not published on the internet page “xxx.xx-xxxxxxx.xxx” (on the sub-page “Markets,” sub-page “FX Rates,” sub-page “DB Fixings” or on any other internet page replacing such internet page), the calculation shall be based on the previous month’s foreign exchange rates published on the same internet page on the sub-page “DB Fixings” under the heading “Overview for Historic Rates” for “End of month prices”. If the relevant exchange rate cannot be determined in accordance with clauses (i) or (ii) above, the Foreign Trade Facility Agent shall determine the appropriate exchange rate in its reasonable discretion.
Determination of Dollar Equivalent. The Dollar Equivalent of all Loans, Borrowings, Letters of Credit and LC Exposure, as applicable, denominated in Canadian Dollars hereunder shall be determined on each Revaluation Date.
Determination of Dollar Equivalent. For the purposes of applying the amount limitations set forth in Subparagraph 2.05(a) and calculating the Unused Total Commitment and the available amount under the Letter of Credit subfacility and for all other purposes herein, the Dollar Equivalent of each Loan and Letter of Credit in an Alternative Currency shall be determined by Agent on the date of such Loan or Letter of Credit, on the last day of each month and, if an Event of Default has occurred and is continuing, at any other time determined by Agent, and the Dollar Equivalent of such Loan and Letter of Credit at any time shall be the Dollar Equivalent most recently so determined by Agent. Each such determination by Agent shall, in the absence of manifest error, be conclusive and binding on the parties hereto.
Determination of Dollar Equivalent. For purposes of the Loan Documents, the Dollar Equivalent of each Alternate Currency Loan and each Letter of Credit denominated in an Alternate Currency shall be recalculated (i) on each Borrowing Date, (ii) on each date that the Aggregate Core Currency Commitments are, or the Swing Line Commitment or any Individual Currency Commitment is, reduced and (iii) on the last Business Day of each month unless the Dollar Equivalent was recalculated pursuant to clause (i) or (ii) during such month. The Dollar Equivalent for each Alternate Currency Loan and each Letter of Credit denominated in an Alternate Currency shall remain in effect until the same is recalculated by the Administrative Agent as provided above and notice of such recalculation is received by the Parent, it being understood that until such notice is received, the Dollar Equivalent shall be that Dollar Equivalent. The Administrative Agent shall promptly notify the Parent, the Issuing Bank, the Swing Line Lender and the Lenders of each such determination of the Dollar Equivalent for each Alternate Currency Loan and each Letter of Credit denominated in an Alternate Currency.
Determination of Dollar Equivalent. For purposes of this Agreement, the Dollar Equivalent of each Alternate Currency Loan designated in an Alternate Currency shall be recalculated (i) on each borrowing of an Alternate Currency Loan, (ii) on each date that the Maximum Loan Amount or the Formula Amount is reduced and (iii) on the last Business Day of each month. The Dollar Equivalent for each Alternate Currency Loan shall remain in effect until the same is recalculated by Agent as provided above and notice of such recalculation is sent to
Determination of Dollar Equivalent. With respect to each Letter of Credit issued and outstanding in an Approved Foreign Currency, on the date of issuance of such Letter of Credit, and on any date deemed necessary by the Administrative Agent (each, a "Determination Date") the Administrative Agent shall determine, and promptly notify each Bank of, the Dollar Equivalent of the undrawn amount and drawn amount of such Letter of Credit.
Determination of Dollar Equivalent. For purposes of the Loan Documents, the Dollar Equivalent of each Alternate Currency Loan and each Letter of Credit denominated in an Alternate Currency shall be recalculated (i) on each Borrowing Date, (ii) on the date that the Administrative Agent shall have received a Bid Accept/Reject Letter accepting a Bid, (iii) on each date that the Aggregate Core Currency Commitments are, or the Swing Line Commitment or any Individual Currency Commitment is, reduced and (iv) on the last Business Day of each month unless the Dollar Equivalent was recalculated pursuant to clause (i), (ii) or (iii) during such month. The Dollar Equivalent for each Alternate Currency Loan and each Letter of Credit denominated in an Alternate Currency shall remain in effect until the same is recalculated by the Administrative Agent as provided above and notice of such recalculation is received by the Parent, it being understood that until such notice is received, the Dollar Equivalent shall be that Dollar Equivalent. The Administrative Agent shall promptly notify the Parent, the Issuing Bank, the Swing Line Lender and the Lenders of each such determination of the Dollar Equivalent for each Alternate Currency Loan and each Letter of Credit denominated in an Alternate Currency.
Determination of Dollar Equivalent. For purposes of this Agreement, the Dollar Equivalent of Alternate Currency Loans shall be calculated on the last Business Day of each month or, at the reasonable discretion of the Administrative Agent, on a more frequent basis. The Dollar Equivalent for Alternate Currency Loans shall remain in effect until the same is recalculated by the Administrative Agent as provided above and notice of such recalculation is received by the Company, it being understood that until such notice is received, the Dollar Equivalent shall be that Dollar Equivalent as last reported to the Company by the Administrative Agent. The Administrative Agent shall promptly notify the Company and the Lenders of each determination of the Dollar Equivalent for Alternate Currency Loans.
Determination of Dollar Equivalent. For purposes of the Loan Documents, the Dollar Equivalent of each Alternate Currency Loan designated in an Alternate Currency shall be recalculated (i) on each
Determination of Dollar Equivalent. For purposes of the Loan Documents, the Dollar Equivalent of each Alternate Currency Loan designated in an Alternate Currency shall be recalculated (i) on each Borrowing Date, (ii) on each date that the Aggregate Revolving Credit Commitment Amount or the Swing Line Commitment Amount is reduced and (iii) on the last Business Day of each month. The Dollar Equivalent for each Alternate Currency Loan shall remain in effect until the same is recalculated by the Administrative Agent as provided above and notice of such recalculation is sent to the Borrower. The Administrative Agent shall promptly notify the Borrower, the Swing Line Lender and the Lenders of each such determination of the Dollar Equivalent for each Alternate Currency Loan.
