DOLLARS UNAVAILABLE Sample Clauses

DOLLARS UNAVAILABLE. Notwithstanding any other provision contained in this Agreement, if, at any time prior to the Commitment Termination Date, any Lender determines that Dollars have ceased to be freely convertible into Canadian Dollars, then such Lender may (in its sole discretion) at any time notify the Administrative Agent and the Borrowers of the same, and the Administrative Agent shall then promptly notify each other Lender. The relevant Borrower shall use reasonable efforts to cause the beneficiary of each Pro-Rata Letter of Credit denominated in Dollars to accept a substitution for such Pro-Rata Letter of Credit with another Pro-Rata Letter of Credit denominated in Canadian Dollars.
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DOLLARS UNAVAILABLE. (a) If, prior to the date on which the Agent shall make any determination of LIBOR for any Interest Period with respect to any Loan, the Agent shall have determined that either:
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DOLLARS UNAVAILABLE. (a) If, prior to the date on which the Lender shall make any determination of the LIBO Rate for any Interest Period with respect to any Loan the Lender shall have determined that either:
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DOLLARS UNAVAILABLE. (a) If, prior to the date on which the Facility Agent shall make any determination of the LIBO Rate for any Interest Period with respect to any Loan, the Facility Agent shall have determined that either:
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DOLLARS UNAVAILABLE. Notwithstanding any other provision in this Agreement, if, at any time before the Commitment Termination Date, the Administrative Agent determines that Dollars have ceased to be freely convertible into Canadian Dollars, then the Administrative Agent may (in its sole discretion) at any time so notify the relevant Borrower and the Lenders of any Borrowing denominated in Dollars, and (b) the Commitments of the Lenders to make Pro-Rata Revolving Loans in Dollars shall be suspended unless and until the Administrative Agent determines that Dollars are once again freely convertible into Canadian Dollars. Promptly after receiving that notice (but not earlier than the last day of the applicable Interest Period, if any), the relevant Lenders shall convert that Borrowing into Canadian Dollars or any other currency as the Administrative Agent may have selected for which there is an active foreign exchange and deposit market in Toronto or New York City. The conversion shall be effected at the relevant spot rate at which Dollars are offered on the relevant day for Canadian Dollars (or that other selected currency) that appears on Telerate Page 261 at approximately 11:00 a.m. Toronto time (and if such spot rate is not available on Telerate Page 261 as of that time, the spot rate as quoted by Scotiabank in Toronto at approximately 11:00 a.m. Toronto time) or, if that spot rate shall not exist, such other rate of exchange as the Administrative Agent shall reasonably determine.
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DOLLARS UNAVAILABLE. Notwithstanding any other provision contained in this Agreement, if, at any time before the Commitment Termination Date, the relevant Lender of a Non-Rata Revolving Loan denominated in Dollars determines that Dollars are no longer freely convertible into Canadian Dollars, then that Lender may (in its sole discretion) at any time notify the relevant Borrower of the same. Promptly after giving that notice that Lender shall convert that Non-Rata Revolving Loan into Canadian Dollars. The conversion shall be effected at the relevant spot rate at which Dollars are offered on that day for Canadian Dollars that appears on Telerate Page 261 at approximately 11:00 a.m. Toronto time (and if the spot rate is not available on Telerate Page 261 as of that time, the spot rate as quoted by Scotiabank in Toronto at approximately 11:00 a.m. Toronto time) or, if that spot rate shall not exist, such other rate of exchange as the relevant Lender shall reasonably determine.
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DOLLARS UNAVAILABLE. (a) If, at any time that the Administrative Agent shall be required to make any determination of the Fixed Rate for any relevant period in which the Loans are to be outstanding and it shall have determined or shall have been notified (for any reason whatsoever) that in the case of any Loans outstanding or to be outstanding during such period, either (x) Dollar certificates of deposit or Dollar deposits, as the case may be, in the relevant amount and for the relevant period are not available to the Lenders in the London interbank market, or (y) by reason of circumstances affecting the Lenders in the London interbank market, adequate means do not exist for ascertaining the interest rate applicable hereunder to such Loan, then the Administrative Agent shall promptly give telephonic notice of such determination confirmed in writing to the Borrower (which determination shall, in the absence of demonstrated error, be conclusive and binding on the Borrower).
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DOLLARS UNAVAILABLE. 20 4.2 INCREASED COSTS, ETC......................................................................21
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Related to DOLLARS UNAVAILABLE

  • Deposits Unavailable If the Administrative Agent shall have determined that

  • Dollar, Dollars, U.S Dollars and the symbol $ shall mean lawful money of the United States of America. Dollar Equivalent shall mean, with respect to any amount of any currency, the Equivalent Amount of such currency expressed in Dollars.

  • Unavailability of a currency If before the Specified Time on any Quotation Day:

  • Circumstances Making Bankers’ Acceptances Unavailable If the Canadian Sub-Agent in good faith determines that for any reason a market for Bankers’ Acceptances does not exist at any time or the Tranche B Lenders cannot for other reasons, after reasonable efforts, readily sell Bankers’ Acceptances or perform their other obligations under this Agreement with respect to Bankers’ Acceptances, the Canadian Sub-Agent will promptly so notify TCCI and each Tranche B Lender. Thereafter, TCCI’s right to request the acceptance and/or purchase of Drafts shall be and remain suspended until the Canadian Sub-Agent determines and notifies TCCI and each Tranche B Lender that the condition causing such determination no longer exists.

  • Dollars on .. [if the Security is to bear interest prior to Maturity, insert -- , and to pay interest thereon from ............. or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on ...........

  • Substitution of Currency If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

  • Libor Rate Unascertainable Illegality Increased Costs Deposits Not Available (a) If on any date on which a LIBOR Rate would otherwise be determined, the Administrative Agent shall have determined that:

  • Dollars The term “

  • Benchmark Unavailability Period Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR Borrowing of, conversion to or continuation of SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During a Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate.

  • United States Dollars References in this Agreement to “Dollars” or “$” shall mean the legal tender of the United States of America.

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