Common use of Exchange Rates; Currency Equivalents Clause in Contracts

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Equivalent Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars). Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Equivalent Amount as so determined by the Administrative Agent or such Swing Lender, as applicable.

Appears in 5 contracts

Samples: Five Year Revolving Credit Agreement (Visa Inc.), Five Year Revolving Credit Agreement (Visa Inc.), 364 Day Revolving Credit Agreement (Visa Inc.)

AutoNDA by SimpleDocs

Exchange Rates; Currency Equivalents. The Administrative Agent Agent, the Issuing Banks or a the Swing Line Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of the Borrowing Base, Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent Agent, an Issuing Bank or such the Swing Line Lender, as applicable, absent manifest error.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Gap Inc), Revolving Credit Agreement (Gap Inc), Revolving Credit Agreement (Gap Inc)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing the applicable Issuing Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent Amounts Amount of Loans Credit Extensions and Total Outstandings outstanding amounts denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occurDate. Except for purposes of financial statements delivered by any Borrower the Parent hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount as so determined by the Administrative Agent or such Swing the applicable Issuing Lender, as applicable.

Appears in 3 contracts

Samples: Credit Agreement (MIDDLEBY Corp), Credit Agreement (Middleby Corp), Credit Agreement (Middleby Corp)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lenderan L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date applicable to any Offshore Currency to be used for calculating Dollar Equivalent Amounts of Loans Credit Extensions and Total Outstandings Outstanding Amounts denominated in Agreed Currencies (other than Dollars)such Offshore Currency. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower the Company hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount as so determined by the Administrative Agent or such Swing Lenderan L/C Issuer, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Stryker Corp), Credit Agreement (Stryker Corp)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lenderan L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderan L/C Issuer, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing the relevant Issuing Lender, as applicable, shall determine the Spot Rates Rate as of each Revaluation Date to be used for calculating Equivalent Amounts the Dollar Amount of Loans and Total Outstandings or Letters of Credit, as applicable, denominated in Agreed Currencies (other than Dollars)any Alternative Currency. Such The Spot Rates Rate shall become effective as of such Revaluation Date and shall be the Spot Rates Rate employed in converting any amounts between the applicable currencies an Alternative Currency and Dollars until the next Revaluation Date to occuroccurs. Except for purposes of financial statements delivered by any Borrower the Company hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) an Alternative Currency for purposes of the Loan Documents shall be such Equivalent Dollar Amount as so determined by the Administrative Agent or such Swing the relevant Issuing Lender, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Linde PLC), Credit Agreement (Linde PLC)

Exchange Rates; Currency Equivalents. The Administrative Agent Agent, the Issuing Banks or a the Swing LenderLine Lenders, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent Agent, an Issuing Bank or such a Swing Line Lender, as applicable, absent manifest error.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Gap Inc), Revolving Credit Agreement (Gap Inc)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing the applicable L/C Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent Amounts amounts of Loans extensions of credit hereunder and Total Outstandings Obligations denominated in Agreed Currencies (other than Dollars)Alternate Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Credit Parties hereunder or calculating financial covenants or financial ratios hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of calculating the Loan Dollar Equivalent of the amount of extensions of credit hereunder and of Obligations denominated in an Alternate Currency under the Credit Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing the applicable L/C Lender, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing the applicable Issuing Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent Amounts amounts of Loans Credit Extensions and Total Outstandings outstanding amounts denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occurDate. Except for purposes of financial statements delivered by any Borrower the Parent hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing the applicable Issuing Lender, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Middleby Corp), Credit Agreement (Middleby Corp)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Equivalent Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars). Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any the Borrower hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Equivalent Amount as so determined by the Administrative Agent or such Swing Lender, as applicable.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Visa Inc.)

Exchange Rates; Currency Equivalents. The Administrative Agent or a the Global Swing Line Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Hain Celestial Group Inc)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lenderthe L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of L/C Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (FreightCar America, Inc.)

Exchange Rates; Currency Equivalents. (a) The Administrative Agent or a Swing Lenderthe applicable L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe applicable L/C Issuer, as applicable. (b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or

Appears in 1 contract

Samples: Credit Agreement (GFI Group Inc.)

AutoNDA by SimpleDocs

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lenderthe applicable L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (currencies other than Dollars). Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe applicable L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Ipsco Inc)

Exchange Rates; Currency Equivalents. (1) The Administrative Agent or a Swing Lenderthe applicable L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe applicable L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Stericycle Inc)

Exchange Rates; Currency Equivalents. i) The Administrative Agent or a Swing Lenderthe L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Devry Inc)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lenderthe Applicable L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe Applicable L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (SS&C Technologies Holdings Inc)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Equivalent Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars). Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Equivalent Amount as so determined by the Administrative Agent or such Swing Lender, as applicable.

Appears in 1 contract

Samples: Five Year Revolving Credit Agreement (Visa Inc.)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lender, as applicable, the applicable Issuing Lender shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Extensions of Credit and Effective Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)Offshore Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower the Company hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing the applicable Issuing Lender, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Aecom Technology Corp)

Exchange Rates; Currency Equivalents. The Administrative Agent or a Swing Lenderthe L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts of Loans and Total Outstandings denominated in Agreed Currencies (other than Dollars)the Alternative Currency. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by any Borrower Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent Amount amount as so determined by the Administrative Agent or such Swing Lenderthe L/C Issuer, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Global Partners Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!