Common use of Determination of Dollar Equivalents Clause in Contracts

Determination of Dollar Equivalents. The Administrative Agent shall determine the Dollar Equivalent of any Revolving Credit Borrowing denominated in an Alternative Currency and any Letter of Credit denominated in an Alternative Currency, in each case, on the applicable Revaluation Date. In such determination, the Administrative Agent shall use the Exchange Rate for such currency in relation to Dollars in effect on the date that is three Business Days prior to the applicable Revaluation Date, and each resulting amount of such determination shall be the Dollar Equivalent of such Revolving Credit Loan or such Letter of Credit, as the case may be, until the next required calculation thereof pursuant to this Section. The Administrative Agent shall notify the Borrower and the Revolving Credit Lenders of each calculation of the Dollar Equivalent of each Revolving Credit Borrowing or Letter of Credit.