Ineligible Currencies. Notwithstanding any other provision in this Agreement, if, at any time before the Commitment Termination Date, the Administrative Agent determines that an Available Currency has become an Ineligible Currency, then (a) the Administrative Agent may (in its sole discretion) at any time so notify the relevant Borrower of any Borrowing denominated in that Ineligible Currency, and (b) the Commitments of the Lenders to make Loans in that Available Currency shall be suspended unless and until the Administrative Agent determines that such Available Currency is no longer an Ineligible Currency. Promptly after receiving that notice and, in any event, within five Business Days of receiving the same, that Borrower will notify the Administrative Agent and the Lenders as to what Available Currency it desires that Borrowing to be converted into and promptly thereafter the relevant Lenders shall so convert that Borrowing on the last day of its Interest Period. If the relevant Borrower fails to select another Available Currency as provided in the preceding sentence, then that other Available Currency shall be selected by the Administrative Agent. The conversion shall be effected at the relevant spot rate at which the Ineligible Currency is offered on that last day for the selected Available Currency that appears on Telerate Page 261 at approximately 11:00 a.m., London time, (and if such spot rate is not available on Telerate Page 261 as of that time, the spot rate as quoted by Scotia Capital in London at approximately 11:00 a.m., London time) or, if that spot rate shall not exist, such other rate of exchange as the Administrative Agent shall reasonably determine.
Ineligible Currencies. Notwithstanding any other provision contained in this Agreement, if, at any time prior to the Commitment Termination Date, the Administrative Agent determines that the Available Currency in which a Letter of Credit has been issued is an Ineligible Currency, then the Administrative Agent may (in its sole discretion) at any time notify the relevant Borrower of the same, and the Administrative Agent shall then promptly notify each other Lender. Such relevant Borrower shall use reasonable efforts to cause the beneficiary of such Letter of Credit to accept a substitution for such Letter of Credit with another Letter of Credit in an Available Currency acceptable to such Borrower and the relevant Issuer.
Ineligible Currencies. Notwithstanding any other provision contained in this Agreement, if, at any time prior to the Commitment Termination Date, the relevant Lender of a Non-Rata Revolving Loan determines that the Available Currency in which such Non-Rata Revolving Loan has been made is an Ineligible Currency, then such Lender may (in its sole discretion) at any time notify the relevant Borrower of the same. Promptly after receiving such notice and, in any event, within five Business Days of receiving the same, such Borrower will notify such Lender as to what Available Currency it desires such Non-Rata Revolving Loan to be converted into and promptly thereafter such Lender shall so convert such Loans. If the relevant Borrower fails to select another Available Currency as provided in the preceding sentence, such other Available Currency shall be selected by the relevant Lender. Such conversion shall be effected at the relevant spot rate at which such Ineligible Currency is offered on such day for the selected Available Currency which appears on Telerate Page 3740 at approximately 11:00 a.m. (London time) (and if such spot rate is not available on Telerate Page 3740 as of such time, such spot rate as quoted by NationsBank, in London at approximately 11:00 a.m. (London time)), or, if no such spot rate shall exist, such other rate of exchange as the relevant Lender shall reasonably determine.
Ineligible Currencies. Notwithstanding any other provision contained in this Agreement, if, at any time prior to the Commitment Termination Date, the relevant Issuer of a Non-Rata Letter of Credit determines that the Available Currency in which such Non-Rata Letter of Credit has been issued is an Ineligible Currency, then such Issuer may (in its sole discretion) at any time notify the relevant Borrower of the same. Such Borrower shall use reasonable efforts to cause the beneficiary of such Non-Rata Letter of Credit to accept a substitution for such Non-Rata Letter of Credit with another Non-Rata Letter of Credit in an Available Currency acceptable to such Borrower and such Issuer.
Ineligible Currencies. 40 3.3.3. Limitations on Making Non-Rata Revolving Loans.....................40 3.3.4. Procedure for Making Non-Rata Revolving Loans......................40 3.3.5. Maturity of Non-Rata Revolving Loans...............................41 3.3.6. Non-Rata Revolving Loan Records....................................41 3.3.7. Quarterly Report...................................................41 3.4. Non-Rata Letter of Credit Facility.................................41 3.4.1. Non-Rata Letters of Credit.........................................41 3.4.2.
Ineligible Currencies. 40 3.3.3. Limitations on Making Non-Rata Revolving Loans.....................40 3.3.4. Procedure for Making Non-Rata Revolving Loans......................40 3.3.5. Maturity of Non-Rata Revolving Loans...............................41 3.3.6. Non-Rata Revolving Loan Records....................................41 3.3.7. Quarterly Report...................................................41 3.4. Non-Rata Letter of Credit Facility.................................42 3.4.1. Non-Rata Letters of Credit.........................................42 3.4.2. Ineligible Currencies..............................................42 3.4.3. Limitations on Issuing Non-Rata Letters of Credit..................42 3.4.4. Procedures for Issuing Non-Rata Letters of Credit..................42 3.4.5. Disbursements......................................................42 3.4.6. Reimbursement......................................................43 3.5. Bid Rate Facility..................................................43 3.5.1. Bid Rate Loans.....................................................43 3.5.2. Quote Request......................................................43 3.5.3. Submission of Quotes...............................................44 3.5.4. Acceptance of Quotes...............................................44 3.5.5. Bid Rate Loan......................................................45 3.5.6. Maturity of Bid Rate Loans.........................................45 3.5.7. Bid Rate Loan Records..............................................45 3.5.8. Limitations on Making Bid Rate Loans...............................45
Ineligible Currencies. 37 3.3 Non-Rata Revolving Loan Facility...............................................................37 3.3.1 Non-Rata Revolving Loans..........................................................37 3.3.2
Ineligible Currencies. 39 3.4.3 Limitations on Issuing Non-Rata Letters of Credit.................................39 3.4.4 Procedures for Issuing Non-Rata Letters of Credit.................................39 3.4.5 Disbursements.....................................................................39 3.4.6 Reimbursement.....................................................................40 3.5 Reporting of Non-Rata Credit Extensions........................................................40
Ineligible Currencies. Notwithstanding any other provision contained in this Agreement, if, at any time prior to the Commitment Termination Date, any Lender determines that the Available Currency in which a Pro-Rata Letter of Credit has been issued is an Ineligible Currency, then such Lender may (in its sole discretion) at any time notify the Administrative Agent and the relevant Primary Borrower of the same, and the Administrative Agent shall then promptly notify each other Lender. Such relevant Primary Borrower shall use reasonable efforts to cause the beneficiary of such Pro-Rata Letter of Credit to accept a substitution for such Pro-Rata Letter of Credit with another Pro-Rata Letter of Credit in an Available Currency acceptable to such Primary Borrower and the relevant Issuer.
Ineligible Currencies. 42 3.4.3. Limitations on Issuing Non-Rata Letters of Credit..................42 3.4.4. Procedures for Issuing Non-Rata Letters of Credit..................42 3.4.5. Disbursements......................................................42 3.4.6. Reimbursement......................................................42 3.5. Bid Rate Facility..................................................43 3.5.1. Bid Rate Loans.....................................................43 3.5.2. Quote Request......................................................43 3.5.3. Submission of Quotes...............................................43 3.5.4. Acceptance of Quotes...............................................44 3.5.5. Bid Rate Loan......................................................44 3.5.6. Maturity of Bid Rate Loans.........................................45 3.5.7. Bid Rate Loan Records..............................................45 3.5.8. Limitations on Making Bid Rate Loans...............................45
