Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the Borrowers. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") or other date of determination, shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Currencies.
Appears in 7 contracts
Samples: Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Inc)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent or the Issuing Bank, as applicable, shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the BorrowersCompany. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date") or other date of determination”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars Dollars, Euros and each of the Foreign Currenciesany Alternative Currency.
Appears in 6 contracts
Samples: Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp), Credit Agreement (Celanese CORP)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the Borrowers. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) or other date of determination, shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Currencies.
Appears in 4 contracts
Samples: Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the Borrowersapplicable Borrower. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date") or other date of determination”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign CurrenciesCanadian Dollars.
Appears in 3 contracts
Samples: Credit Agreement (Telesat Holdings Inc.), Credit Agreement (Telesat Canada), Credit Agreement (Loral Space & Communications Inc.)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date to be used for calculating relevant Dollar Equivalent and (ii) give notice thereof to the BorrowersAlternative Currency Equivalent amounts. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") or other date of determination), shall remain effective until the next succeeding Reset Date, Date and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an a current Exchange Rate calculated as of a specified dateRate) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Currenciesapplicable currencies.
Appears in 3 contracts
Samples: Credit Agreement (Jafra Worldwide Holdings Lux Sarl), Credit Agreement (Dirsamex Sa De Cv), Credit Agreement (Jafra Cosmetics International Sa De Cv)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, P.M. on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to Euro and (ii) give written notice thereof to the BorrowersLenders and the Borrower. The Exchange Rates Rate so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) or other date of determination, shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than Section 10.22 or any other provision expressly requiring the use of an a current Exchange Rate calculated as of a specified dateRate) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign CurrenciesEuro.
Appears in 2 contracts
Samples: Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the BorrowersTerm Borrower. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") or other date of determination), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign CurrenciesEuros.
Appears in 1 contract
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to each Alternative Currency and (ii) give notice thereof to the Borrowers. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") or other date of determination), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than subsection 12.8 or any other provision expressly requiring the use of an a current Exchange Rate calculated as of a specified dateRate) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Alternative Currencies.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Reebok International LTD)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the Borrowers. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) or other date of determination, shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Currenciesan Alternative Currency.
Appears in 1 contract
Samples: Credit Agreement (Nalco Holding CO)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the General Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to each Alternative Currency and (ii) give notice thereof to the BorrowersCompany. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date") or other date of determination”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than subsection 14.8 or any other provision expressly requiring the use of an a current Exchange Rate calculated as of a specified dateRate) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Alternative Currencies.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Reebok International LTD)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, 2:00 p.m. on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to a Foreign Currency, and (ii) give notice thereof to the BorrowersLenders and the Borrower. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") or other date of determination), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than Section 10.13 or any other provision expressly requiring the use of an a current ------------- Exchange Rate calculated as of a specified dateRate) be the Exchange Rates employed in converting determining the Dollar Equivalent of any amounts between Dollars and each of the a Foreign CurrenciesCurrency.
Appears in 1 contract
Exchange Rates. (a) Not later than 1:00 p.m.11:00 a.m., New York City London time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to each Designated Foreign Currency and (ii) give notice thereof to the BorrowersLenders and the Company. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "“Reset Date") or other date of determination”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than Section 9.13 or any other provision expressly requiring the use of an a current Exchange Rate calculated as of a specified dateRate) be the Exchange Rates employed in converting any amounts between US Dollars and each of the Designated Foreign Currencies.
Appears in 1 contract
Samples: Credit Agreement (Valspar Corp)
Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the Borrowers. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a "Reset Date") or other date of determination, shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign CurrenciesEuros.
Appears in 1 contract
Samples: Credit Agreement (Nalco Energy Services Equatorial Guinea LLC)