Common use of Exchange Rate Clause in Contracts

Exchange Rate. For purposes of this Credit Agreement the amount in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Agent (in accordance with normal banking practices) with such specified amount in the second currency in any recognized Eurocurrency Interbank Market selected by the Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. (Boston time) (or as soon thereafter as practicable) on such date (such amount described in this ss.2.9.2, the "Rate of Exchange").

Appears in 5 contracts

Samples: Revolving Credit Agreement (Sensormatic Electronics Corp), Revolving Credit and Term Loan Agreement (Genrad Inc), Revolving Credit Agreement (Genrad Inc)

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Exchange Rate. For purposes of this Credit Agreement the amount in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Agent (in accordance with normal banking practices) with such specified amount in the second currency in any recognized Eurocurrency Interbank Market selected by the Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. (Boston time) (or as soon thereafter as practicable) on such date (such amount described in this ss.2.9.2Section 2.9.2, the "Rate of Exchange").

Appears in 1 contract

Samples: Revolving Credit Agreement (Sensormatic Electronics Corp)

Exchange Rate. For purposes purpose of this Credit Agreement the amount in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Administrative Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Administrative Agent (in accordance with its normal banking practices) practices with such specified amount in the second currency in any recognized Eurocurrency Interbank Market selected by the Administrative Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. a.m. (Boston time) (), or as soon thereafter as practicable) , on such date (such amount described in this ss.2.9.2, the "Rate of Exchange")date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Leucadia National Corp)

Exchange Rate. For purposes of this Credit Agreement Agreement, the amount in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Agent (in accordance with normal banking practices) with such specified amount in the second currency in the London interbank market or any other recognized Eurocurrency Interbank Market offshore interbank market selected by the Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. (Boston time) (or as soon thereafter as practicable) on such date (such amount described in this ss.2.9.2§2.9.2, the "Rate of Exchange").

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

Exchange Rate. For purposes of this Credit Agreement the amount in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Administrative Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Administrative Agent (in accordance with normal banking practices) with such specified amount in the second currency in any recognized Eurocurrency Interbank Market selected by the Administrative Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. 11:00 a.m. (Boston Dallas time) (or as soon thereafter as practicable) on such date (such amount described in this ss.2.9.2§2.7(b), the "Rate of Exchange").

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

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Exchange Rate. For purposes of this Credit Agreement Agreement, the amount in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Agent (in accordance with normal banking practices) with such specified amount in the second currency in any recognized Eurocurrency Interbank Market selected by the Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. (Boston time) (or as soon thereafter as practicable) on such date (such amount described in this ss.2.9.2, the "Rate of Exchange").

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

Exchange Rate. For purposes purpose of this Credit Agreement the amount -------- ---- in one currency which shall be equivalent on any particular date to a specified amount in another currency shall be that amount (as conclusively ascertained by the Administrative Agent by its normal banking practices, absent manifest error) in the first currency which is or could be purchased by the Administrative Agent (in accordance with its normal banking practices) practices with such specified amount in the second currency in any recognized Eurocurrency Interbank Market selected by the Administrative Agent in good faith for delivery on such date at the spot rate of exchange prevailing at 10:00 A.M. a.m. (Boston time) (), or as soon thereafter as practicable) , on such date (such amount described in this ss.2.9.2, the "Rate of Exchange")date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Leucadia National Corp)

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