Common use of Determination of Dollar Equivalent Clause in Contracts

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:

Appears in 4 contracts

Samples: Credit Agreement (SPX FLOW, Inc.), Credit Agreement (SPX Corp), Credit Agreement (SPX Corp)

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