Excess Alternative Currency Loans Sample Clauses

Excess Alternative Currency Loans. If at any time and for any reason the outstanding principal Dollar amount of all outstanding Alternative Currency Loans exceeds the lesser of (A) the Aggregate Commitment less the sum of the outstanding principal amount of all Loans denominated in Dollars less the sum of the outstanding principal Dollar Amount of all L/C Obligations, (B) the Borrowing Base less the sum of the outstanding principal amount of all Loans denominated in Dollars less the sum of the outstanding principal Dollar Amount of all L/C Obligations and (C) the Alternative Currency Commitment, such excess shall be immediately repaid, in the currency in which such Alternative Currency Loan or Alternative Currency Loans were initially funded, by the Borrower to the Administrative Agent for the account of the Lenders.
Sample 1
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Excess Alternative Currency Loans. If at any time and for any reason the outstanding principal amount of all outstanding Alternative Currency Loans exceeds the lesser of (A) the Aggregate Commitment less the sum of the outstanding principal amount of all Loans denominated in Dollars less the sum of the outstanding principal Dollar Amount of all L/C Obligations and (B) the Alternative Currency Commitment, such excess shall be immediately repaid, in the currency in which such Alternative Currency Loan or Alternative Currency Loans were initially funded, by the Borrower to the Administrative Agent for the account of the Lenders.
Sample 1
Excess Alternative Currency Loans. If at any time (as reasonably determined by the Administrative Agent under Section 2.3(b)(iv)) and for any reason the Dollar Amount of the aggregate outstanding principal amount of all outstanding Alternative Currency Loans exceeds one hundred five percent (105%) of the Alternative Currency Commitment, such excess shall be immediately repaid, in the currency in which such Alternative Currency Loan or Alternative Currency Loans were initially funded, by the Borrower to the Administrative Agent for the account of the Lenders.
Sample 1
Excess Alternative Currency Loans. If at any time (as determined by the Administrative Agent under Section 2.3(b)(iv)) and for any reason the Dollar Amount of the aggregate outstanding principal amount of all outstanding Alternative Currency Loans exceeds the Alternative Currency Commitment, such excess shall be immediately repaid, in the currency in which such Alternative Currency Loan or Alternative Currency Loans were initially funded, by the Borrower to the Administrative Agent for the account of the Lenders; provided that the Borrower shall not be required to repay such excess if and to the extent the excess is due solely to currency fluctuations and does not exceed 5% of the Alternative Currency Commitment.
Sample 1

Related to Excess Alternative Currency Loans

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

  • Alternative Currencies In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Revolving Credit Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Swingline Loans (a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $5,000,000 or (ii) the sum of the total Revolving Exposures exceeding the total Revolving Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.

  • Prime Rate Loans During such periods as the Term Loan shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the Prime Rate; and

  • Revolving Loan The Borrower shall repay to the Lenders in full on the date specified in clause (a) of the definition of “Revolving Termination Date” the aggregate principal amount of the Revolving Loans and Swing Loans outstanding on the Revolving Termination Date.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

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