Common use of Foreign Currency Exchange Rate Clause in Contracts

Foreign Currency Exchange Rate. (a) No later than 1:00 P.M., New York City time, on each Calculation Date with respect to a Foreign Currency, the Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currency; provided that upon receipt of a borrowing request pursuant to Section 2.3(b) or the issuance of any Multicurrency Letter of Credit, the Administrative Agent shall determine the Exchange Rate with respect to the relevant Foreign Currency on the related Calculation Date. The Exchange Rates so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than Section 2.15(d) and any other provision requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and Foreign Currencies. (b) No later than 5:00 P.M., New York City time, on each Reset Date, the Administrative Agent shall determine the aggregate amount of the Dollar Equivalents of the principal amounts of the relevant Multicurrency Revolving Extensions of Credit then outstanding (after giving effect to any Multicurrency Revolving Extensions of Credit to be made or repaid on such date). (c) The Administrative Agent shall promptly notify the Borrower and the Foreign Subsidiary Borrower of each determination of an Exchange Rate hereunder.

Foreign Currency Exchange Rate. (a) No later than 1:00 P.M., New York City time, on each Calculation Date with respect to a Foreign Currency, the Administrative Agent (or the Foreign Currency Agent) shall determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currency; provided Currency (it being acknowledged and agreed that upon receipt of a borrowing request pursuant to Section 2.3(b) or the issuance of any Multicurrency Letter of Credit, the Administrative Agent or the Foreign Currency Agent, as the case may be, shall determine the use such Exchange Rate for the purposes of determining compliance with subsection 2.1 with respect to the relevant Foreign Currency on the related Calculation Datesuch borrowing request). The Exchange Rates so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Calculation Date and shall for all purposes of this Agreement (other than Section 2.15(dsubsection 2.13(e) and any other provision requiring the use of a current Exchange Ratesubsection 2.24(a)) be the Exchange Rates employed in converting any amounts between Dollars and Foreign Currencies. (b) No later than 5:00 P.M., New York City time, on each Reset Calculation Date, the Administrative Agent (or the Foreign Currency Agent) shall determine the aggregate amount of the Dollar Equivalents of the principal amounts of the relevant Multicurrency Revolving Extensions of Credit Foreign Currency Loans then outstanding (after giving effect to any Multicurrency Revolving Extensions of Credit Foreign Currency Loans to be made or repaid on such date). (c) The Administrative Agent shall promptly notify the Borrower and the Foreign Subsidiary Borrower Borrowers of each determination of an Exchange Rate hereunder.

Foreign Currency Exchange Rate. (a) No later than 1:00 P.M., New York City time, on each Calculation Date with respect to a Foreign Currency, the Administrative Agent (or the Foreign Currency Agent) shall determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currency; provided Currency (it being acknowledged and agreed that upon receipt of a borrowing request pursuant to Section 2.3(b) or the issuance of any Multicurrency Letter of Credit, the Administrative Agent or the Foreign Currency Agent, as the case may be, shall determine the use such Exchange Rate for the purposes of determining compliance with subsection 2.1 with respect to the relevant Foreign Currency on the related Calculation Datesuch borrowing request). The Exchange Rates so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Calculation Date and shall for all purposes of this Agreement (other than Section 2.15(dsubsection 2.13(e) and any other provision requiring the use of a current Exchange Ratesubsection 2.21(a)) be the Exchange Rates employed in converting any amounts between Dollars and Foreign Currencies. (b) No later than 5:00 P.M., New York City time, on each Reset Calculation Date, the Administrative Agent (or the Foreign Currency Agent) shall determine the aggregate amount of the Dollar Equivalents of the principal amounts of the relevant Multicurrency Revolving Extensions of Credit Foreign Currency Loans then outstanding (after giving effect to any Multicurrency Revolving Extensions of Credit Foreign Currency Loans to be made or repaid on such date). (c) The Administrative Agent shall promptly notify the Borrower and the Foreign Subsidiary Borrower Borrowers of each determination of an Exchange Rate hereunder.

Foreign Currency Exchange Rate. (a) No later than 1:00 P.M., New York City time, on each Calculation Date with respect to a Foreign Currency, the Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currency; provided that upon receipt of a borrowing request pursuant to Section 2.3(b2.04(b) or the issuance of any Multicurrency Letter of Credit, the Administrative Agent shall determine the Exchange Rate with respect to the relevant Foreign Currency on the related Calculation Date. The Exchange Rates so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than Section 2.15(d) and any other provision requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and Foreign Currencies. (b) No later than 5:00 P.M., New York City time, on each Reset Date, the Administrative Agent shall determine the aggregate amount of the Dollar Equivalents of the principal amounts of the relevant Multicurrency Revolving Extensions of Credit then outstanding (after giving effect to any Multicurrency Revolving Extensions of Credit to be made or repaid on such date). (c) The Administrative Agent shall promptly notify the Borrower and the Foreign Subsidiary Borrower of each determination of an Exchange Rate hereunder.