Foreign Currency Loans. (a) The effectiveness of any Foreign Borrower Joinder Agreement is subject to the condition that the Administrative Agent shall have received on or prior to the date of effectiveness thereof (the “Joinder Effective Date”) all of the following, in form and substance reasonably satisfactory to the Administrative Agent:
Foreign Currency Loans. Airgas or the applicable Foreign Borrower shall have the option, on any Business Day, to extend existing Foreign Currency Loans into a subsequent permissible Interest Period or to convert any such Loans into Foreign Currency Loans of another interest rate type (subject to the limitations set forth in Section 3.1(a)); provided, however, that (i) except as provided in Section 4.8, Eurocurrency Loans may be converted into U.S. Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Loans extended as, or converted into, Eurocurrency Loans shall be subject to the terms of the definition of “Interest Period” set forth in Section 1.1 and shall be in such minimum amounts as provided in Section 3.1(b)(ii), (iii) no more than eleven (11) Eurocurrency Loans which are Foreign Currency Loans (combined) shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Loans with different Interest Periods shall be considered as separate Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurocurrency Loan with a single Interest Period) and (iv) Foreign Swingline Loans may not be extended or converted pursuant to this Section 4.2. Each such extension or conversion shall be effected by Airgas or the applicable Foreign Borrower by giving a Notice of Extension/Conversion (or, in the case of Loans of Airgas that are denominated in U.S. Dollars, telephone notice promptly confirmed in writing) to the Agent prior to 11:00 A.M. (i) on the Business Day of, in the case of the conversion of a Eurocurrency Loan denominated in U.S. Dollars into a U.S. Base Rate Loan, (ii) three Business Days prior to the requested date of any extension or conversion of, Eurocurrency Loans denominated in U.S. Dollars or of any conversion of Eurocurrency Loans denominated in U.S. Dollars to U.S. Base Rate Loans and (iii) three Business Days (or four Business Days in the case of a Special Notice Currency) prior to the requested date of any extension or conversion of Eurocurrency Loans denominated in Foreign Currencies. Each such request for extension or conversion shall specify (1) the date of the proposed extension or conversion, (2) the Loans to be so extended or converted, (3) the types of Loans into which such Loans are to be converted and, (4) if appropriate, the applicable Interest Period...
Foreign Currency Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the applicable Foreign Currency Lenders on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all of its Foreign Currency Loans outstanding on such date.
Foreign Currency Loans. Each Foreign Currency Lender agrees to make advances to one or more of the Borrowers in any Foreign Currency from time to time during the Revolving Availability Period in an aggregate principal Dollar Amount that will not result in: (i) such Lender’s Foreign Currency Exposure exceeding such Lender’s Foreign Currency Commitment, (ii) such Lender’s Revolving Exposure exceeding such Lender’s Revolving Commitment, (iii) the Aggregate Revolving Exposure exceeding the Aggregate Revolving Commitments, or (iv) the Foreign Currency Exposure of all Lenders exceeding the total Foreign Currency Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Foreign Currency Loans.
Foreign Currency Loans. Any Revolving Facility Borrower may request Foreign Currency Loans in an amount, when added to all then outstanding Foreign Currency Loans, not to exceed the Maximum Foreign Exposure Amount by delivering to the Global Agent a Notice of Borrowing in accordance with Section 2.08(b). The Global Agent shall deliver a copy of such Notice of Borrowing to each Revolving Lender. Each Revolving Lender shall, by notice to the Company and the Global Agent given not more than five Business Days after the date of the Global Agent’s notice, either agree to make the Foreign Currency Loans requested in such Notice of Borrowing (each such Lender so agreeing being an “Accepting Lender”) or decline to make such Foreign Currency Loans (and any such Lender that does not deliver such a notice within such period of five Business Days shall be deemed to have declined to make such Foreign Currency Loans and each Lender so declining or being deemed to have declined being a “Declining Lender”). No Revolving Lender is obligated to make any Foreign Currency Loan. If, on the second Business Day after the Global Agent shall have delivered notice as set forth above, either there are no Accepting Lenders or the Accepting Lenders have agreed pursuant to the preceding sentence to fund less than the full amount of the Foreign Currency Loans requested in such Notice of Borrowing, the Company may arrange for one or more banks or other entities that are Eligible Assignees, in each case reasonably acceptable to the Global Agent (each such Person so agreeing being an “Augmenting Lender”), to commit to making Foreign Currency Loans pursuant to a Revolving Commitment, provided that at the time such Augmenting Lender commits to making such Foreign Currency Loans the Company arranges for one or more Revolving Lenders to assign all or a portion of its Revolving Commitment to such Accepting Lender or Augmenting Lender, as applicable, in accordance with Section 11.05(c). No Revolving Lender is obligated to make any such assignment. Each of the parties hereto agrees that the Global Agent may take any and all actions as may be reasonably necessary to ensure that after giving effect to the making of any Foreign Currency Loan the outstanding Revolving Loans (if any) are held by the Revolving Lenders in accordance with their new Fixed Commitment Percentages.
Foreign Currency Loans. Notwithstanding any other provision of this Agreement, if (i) any Change in Law shall make it unlawful for any Multicurrency Lender to make or maintain any Multicurrency Loan denominated in a Foreign Currency or to give effect to its obligations as contemplated hereby with respect to any Multicurrency Loan denominated in a Foreign Currency, or (ii) a Multicurrency Lender shall determine in good faith that there shall have occurred any change in national or international financial, political or economic conditions (including the imposition of or any change in exchange controls, but excluding conditions otherwise covered by this Section 3.04) or currency exchange rates which would make it impracticable for such Multicurrency Lender to make or maintain Multicurrency Loans denominated in a Foreign Currency to, or for the account of, the Borrower, then, by written notice by such Multicurrency Lender (each, an “Affected Lender”) to the Borrower and to the Administrative Agent:
Foreign Currency Loans. Subject to the terms and conditions of this Agreement, each Foreign Currency Lender severally agrees to make loans (each a "Foreign Currency Loan" and collectively the "Foreign Currency Loans") in Available Foreign Currencies to the Borrowing Subsidiaries from time to time on any Business Day during the period from the Closing Date to the Maturity Date in an aggregate Dollar Equivalent amount at any time outstanding not to exceed such Foreign Currency Lender's Foreign Currency Commitment; provided that after giving effect to any Foreign Currency Borrowing, (i) the Total Outstandings shall not at any time exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of all Foreign Currency Loans of any Foreign Currency Lender shall not at any time exceed the Foreign Currency Commitment of such Foreign Currency Lender, (iii) the aggregate Outstanding Amount of all Foreign Currency Loans shall not at any time exceed the Aggregate Foreign Currency Commitments, and (iv) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender's Pro Rata Share of the Outstanding Amount of all L/C Obligations, Swing Line Loans and Foreign Currency Loans shall not exceed such Lender's Commitment. Subject to the terms and conditions hereof, each Borrowing Subsidiary may borrow under this Section 2.04, prepay under Section 2.06 and reborrow under this Section 2.04 from time to time.
Foreign Currency Loans. 26 2.4 [INTENTIONALLY OMITTED].......................................................................26 2.5
Foreign Currency Loans. On the Effective Date, the unpaid principal balance of those term loans which are Foreign Currency Loans outstanding under the Existing Agreement of L 12,420,210.33, in an amount equal to the then effective Foreign Currency Equivalent, shall be included in the principal amount of Term Loan B, but will retain their character as Foreign Currency Loans and shall be repaid with interest in the Foreign Currency. The interest on such Foreign Currency Loans shall accrue at the Term Loan B Rate.
Foreign Currency Loans. Each Foreign Currency Lender shall receive, for its own account, all payments or prepayments of principal and all Foreign Currency Fronting Fees with respect to its Foreign Currency Loans; provided, however, upon the funding of the Participants' participation interests with respect to a Foreign Currency Loan pursuant to Section 2.6(d), such Participants shall be deemed Foreign Currency Lenders with respect to such Foreign Currency Loan and shall be entitled to receive their pro rata share of any payment or prepayment of principal with respect to such Foreign Currency Loan. Until the Participants are required to fund their participation interest in a Foreign Currency Loan, subject to Section 3.1(b), (i) the Foreign Currency Lender that made such Foreign Currency Loan shall receive interest on such Foreign Currency Loan equal to (A) (x) for any portion of such Foreign Currency Loan consisting of a Base Rate Loan, the Base Rate and (y) for any portion of such Foreign Currency Loan consisting of a Eurocurrency Loan, the Eurocurrency Rate, plus (B) its pro rata share (based on its Revolving Loan Commitment Percentage) of the Applicable Percentage for such Foreign Currency Loan, and (ii) each Participant shall receive interest on such Foreign Currency Loan in an amount equal to its pro rata share (based on its Revolving Loan Commitment Percentage) of the Applicable Percentage for such Foreign Currency Loan. After the Participants fund their participation interests in a Foreign Currency Loan, subject to Section 3.1(b), each Foreign Currency Lender with respect to such Foreign Currency Loan shall receive interest on such Foreign Currency Loan equal to (1) for any portion of such Foreign Currency Loan consisting of a Base Rate Loan, the Adjusted Base Rate and (2) for any portion of such Foreign Currency Loan consisting of a Eurocurrency Loan, the Adjusted Eurocurrency Rate.
