Common use of Market Disruption Clause in Contracts

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected in any Foreign Currency, if (a) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, the Issuing Bank, and such Credit Events shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be, as ABR Loans, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to borrow on such date or (B) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Fuller H B Co), Borrowing Subsidiary Agreement (Fuller H B Co), Credit Agreement (Fuller H B Co)

AutoNDA by SimpleDocs

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Loan in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Loan any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event Loan to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Loan shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made in Dollars on the requested date of for such Credit Event in DollarsLoan to be extended, (i) if with such Credit Event is a Borrowing, Loan being made in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request request for funding, continuation or Interest Election Requestconversion, as the case may be, as ABR Loansa Base Rate Loan, unless such the Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request request for funding, continuation or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Creditconversion, as the case may be.

Appears in 4 contracts

Samples: Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentCompany, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such the applicable Borrower, and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 4 contracts

Samples: Credit Agreement (Woodward, Inc.), Woodward Credit Agreement (Woodward, Inc.), Credit Agreement (Woodward, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign Agreed Currency other than Dollars or any Alternate Currency, as applicable, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentCompany, any Alternate Currency Borrower, any Alternate Currency Bank, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings Rate Loans or Letters of Credit Alternate Currency Loans comprising such Credit Event Advance to be denominated in the Agreed Currency or Alternate Currency, as applicable, specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, such Alternate Currency Bank and the Lenders andLenders, if or the applicable Borrower shall give notice to the Administrative Agent, such Credit Event is a Letter of CreditAlternate Currency Bank and the Lenders, as the Issuing Bankcase may be, and such Credit Events Eurocurrency Rate Loans or Alternate Currency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency or Alternate Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent Agent, the applicable Alternate Currency Bank, if applicable, and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 4 contracts

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

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrowerthe Borrowers, the Lenders andLenders, if such Credit Event is a Letter of Creditand the European Administrative Agent or the Canadian Administrative Agent, the Issuing Bankas applicable, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth out in Section 2.072.15, be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Revolving Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Revolving Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Revolving Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which provided that (i) the denomination of such Revolving Loans in such different Agreed Currency would in the reasonable opinion of the Administrative Agent and the Required Revolving Lenders be practicable and (ii) such borrowing shall be in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign Currency, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agentapplicable Borrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Revolving Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such BorrowerBorrower and the Revolving Lenders or such Borrower shall give notice thereof to the Revolving Lenders, as the Lenders and, if such Credit Event is a Letter of Credit, the Issuing Bankcase may be, and such Credit Events Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the reasonable opinion of the Administrative Agent and the Required Revolving Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 3 contracts

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

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance or Facility LC in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance or the date of issuance of such Facility LC any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance or Facility LC to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Loans or Facility LC shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Base Rate Loans, unless such the Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 3 contracts

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

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculablerelevant Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the relevant Borrower notifies the Administrative Agent at least one two (2) Business Day Days before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Cardinal Health Inc), Assignment and Assumption Agreement (Cardinal Health Inc), Assignment Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agentapplicable Borrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Revolving Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such BorrowerBorrower and the Revolving Lenders or such Borrower shall give notice thereof to the Revolving Lenders, as the Lenders and, if such Credit Event is a Letter of Credit, the Issuing Bankcase may be, and such Credit Events Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the reasonable opinion of the Administrative Agent and the Required Revolving Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 3 contracts

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

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected in any Foreign Alternative Currency, if (ai) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, Agent or Lenders having greater than 50% of the Issuing Bank (if such Credit Event is a Letter of Credit) or the Required Lenders European Tranche Commitments make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Alternative Currency specified by the applicable Borrower Borrower, or (bii) an a US Dollar Equivalent Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events shall not be denominated in such Agreed Alternative Currency but shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in US Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related request for a Credit Event Request or Interest Election Request, as the case may be, as ABR LoansEurocurrency Loans having an Interest Period of one month, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Alternative Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required European Lenders be practicable and in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related request for a Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

Appears in 2 contracts

Samples: Intercreditor Agreement (Insight Enterprises Inc), Credit Agreement (Insight Enterprises Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentBorrowers, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrowerthe Borrowers, and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 2 contracts

Samples: Credit Agreement (Catalina Marketing Corp/De), Credit Agreement (Catalina Marketing Corp/De)

Market Disruption. Notwithstanding the satisfaction of all ----------------- conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign Currency---------- Agreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agentapplicable Borrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders andor such Borrower shall give notice thereof to the Lenders, if such Credit Event is a Letter of Credit, as the Issuing Bankcase may be, and such Credit Events Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 2 contracts

Samples: Credit Agreement (Gardner Denver Inc), Credit Agreement (Gardner Denver Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected in any Foreign Currency, if (ai) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Currency specified by the applicable Borrower or (bii) an Equivalent Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, the Issuing Bank, and such Credit Events shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in Dollars, (i) if such Credit Event is a Borrowing, Dollars in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be, as ABR Loans, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

Appears in 2 contracts

Samples: Pledge Agreement (Tennant Co), Credit Agreement (Tennant Co)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentBorrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrowerthe Borrower and the Lenders, or the Borrower shall give notice to the Administrative Agent and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing Bank, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice. Calculation of Amounts. Except as set forth in Sections 2.1, 2.2 and 2.5, all amounts referenced in this Article II shall be calculated using the Dollar Amount determined based upon the Equivalent Amount in effect as of the case may date of any determination thereof; provided, however, to the extent that the Borrower shall be or (ii) if such Credit Event is a Letter of Credit, obligated hereunder to pay in Dollars any Advance denominated in a face currency other than Dollars, such amount shall be paid in Dollars using the Dollar Amount of the Advance (calculated based upon the Equivalent Amount in effect on the date of payment thereof) and in the event that the Borrower does not reimburse the Administrative Agent and the Lenders are required to fund a purchase of a participation in such Advance, such purchase shall be made in Dollars in an amount equal to the Dollar Amount of such Advance (calculated based upon the face amount specified Equivalent Amount in effect on the related request or application for such Letter date of Creditpayment thereof). Notwithstanding anything herein to the contrary, unless such the full risk of currency fluctuations shall be borne by the Borrower notifies and the Administrative Agent at least one Business Day before such date that (A) it elects not Borrower agrees to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of indemnify and hold harmless the Issuing Bank, the Swing Line Bank, the Administrative Agent and the Required Lenders be practicable from and against, without limitation, (i) any loss resulting from any borrowing denominated in face amount equal to a currency other than in Dollars and for which the Dollar Amount Lenders are not reimbursed on the day of such borrowing, (ii) the face amount specified payment in Dollars of any Loan or other Obligations denominated in a currency other than Dollars and (iii) the related request or application for such Letter advancement and repayment of Credit, as the case may be.Eurocurrency Rate Loans and Opt-Out Loans constituting a single Eurocurrency Advance. THE LETTER OF CREDIT FACILITY

Appears in 2 contracts

Samples: Credit Agreement (Steiner Leisure LTD), Credit Agreement (Steiner Leisure LTD)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV 5 with respect to any Advance or any Letter of Credit Event to be effected in any Foreign Currencycurrency other than Dollars, if (a) there shall occur on or prior to the date of such Advance or issuance of such Letter of Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings Committed Loans or Letters Fronted Loans, as applicable, comprising such Advance or such Letter of Credit comprising such Credit Event to be denominated in the Agreed Currency currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Loans or such Letter of Credit Events shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07the case of Eurocurrency Committed Loans, be made on the such Borrowing Date as Floating Rate Loans or issued on such date of such Credit Event in Dollars, (i) if in the case of Letters of Credit, be issued on such Credit Event is a Borrowingdate in Dollars and, in the case of Fronted Loans, be made on such Borrowing Date as Fixed Rate Loans on such date in Dollars, in an aggregate principal amount or face amount equal to the Dollar Amount of the aggregate principal amount or face amount specified in the related Credit Event Request Committed Borrowing Notice, LOC Documents or Interest Election RequestFronted Borrowing Notice, as the case may be, as ABR Loansapplicable, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to borrow on such date or (B) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may bedate.

Appears in 2 contracts

Samples: Assignment Agreement (Whirlpool Corp /De/), Credit Agreement (Whirlpool Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV 5 with respect to any Advance or any Letter of Credit Event to be effected in any Foreign Currencycurrency other than Dollars, if (a) there shall occur on or prior to the date of such Advance or issuance of such Letter of Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings Committed Loans or Letters Fronted Loans, as applicable, comprising such Advance or such Letter of Credit comprising such Credit Event to be denominated in the Agreed Currency currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Loans or such Letter of Credit Events shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07the case of Eurocurrency Committed Loans, be made on the such Borrowing Date as Floating Rate Loans or issued on such date of such Credit Event in Dollars, (i) if in the case of Letters of Credit, be issued on such Credit Event is a Borrowingdate in Dollars and, in the case of Fronted Loans, be made on such Borrowing Date as Eurocurrency Rate Loans on such date in Dollars, in an aggregate principal amount or face amount equal to the Dollar Amount of the aggregate principal amount or face amount specified in the related Credit Event Request Committed Borrowing Notice, LOC Documents or Interest Election RequestFronted Borrowing Notice, as the case may be, as ABR Loansapplicable, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to borrow on such date or (B) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may bedate.

Appears in 2 contracts

Samples: Assignment Agreement (Whirlpool Corp /De/), Assignment Agreement (Whirlpool Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance or Facility LC in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance or the date of issuance of such Facility LC any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which that would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance or Facility LC to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Loans or Facility LC shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Base Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Cabelas Inc), Credit Agreement (Cabelas Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agentapplicable Borrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders andor such Borrower shall give notice thereof to the Lenders, if such Credit Event is a Letter of Credit, as the Issuing Bankcase may be, and such Credit Events Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the reasonable opinion of the Administrative Agent and Agent, the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 2 contracts

Samples: Credit Agreement (Gardner Denver Inc), Credit Agreement (Gardner Denver Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Revolving Advance in any a Foreign Currency, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings Loans or Letters of Credit Daily Simple RFR Loans comprising such Credit Event Revolving Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Revolving Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which provided that (i) the denomination of such Revolving Loans in such different Agreed Currency would in the reasonable opinion of the Administrative Agent and the Required Revolving Lenders be practicable and (ii) such borrowing shall be in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV 5 with respect to any Advance or any Letter of Credit Event to be effected in any Foreign Currencycurrency other than Dollars, if (a) there shall occur on or prior to the date of such Advance or issuance of such Letter of Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings Committed Loans comprising such Advance or Letters such Letter of Credit comprising such Credit Event to be denominated in the Agreed Currency currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Loans or such Letter of Credit Events shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07the case of Eurocurrency Committed Loans, be made on the such Borrowing Date as Floating Rate Loans or issued on such date of such Credit Event in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Requestcase of Letters of Credit, as the case may bebe issued on such date in Dollars, as ABR Loans, LOC Documents unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to borrow on such date or (B) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date date. If with respect to any Eurocurrency Committed Loans the Eurocurrency Base Rate cannot be determined in a different Agreed Currencyaccordance with the terms thereof, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, then the Administrative Agent shall forthwith give notice thereof to the applicable Borrower and the Required Lenders Lenders, and such Loans shall be practicable and made on such Borrowing Date as Floating Rate Loans in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beDollars.

Appears in 1 contract

Samples: Assignment Agreement (Whirlpool Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior 50 to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculablerelevant Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the relevant Borrower notifies the Administrative Agent at least one two (2) Business Day Days before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II ‎II and Article IV ‎IV with respect to any Credit Event to be effected Revolving Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Revolving Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Revolving Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which provided that (i) the denomination of such Revolving Loans in such different Agreed Currency would in the reasonable opinion of the Administrative Agent and the Required Revolving Lenders be practicable and (ii) such borrowing shall be in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II 2 and Article IV 3 with respect to any Credit Event to be effected Borrowing in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders Banks make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Borrowing to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculablerelevant Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankBanks, and such Credit Events Loans shall not be denominated in such Agreed Currency Currency, but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Notice of Borrowing or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such Borrower notifies the Administrative Agent at least one four Eurocurrency Business Day Days or such shorter period of time agreed to by the Agent before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders Banks be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Notice of Borrowing or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV herein with respect to any Credit Event to be effected proposed Eurocurrency Borrowing in any Foreign CurrencyEligible Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Eurocurrency Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Majority Lenders make it impracticable for the such Eurocurrency Borrowings or Letters of Credit comprising such Credit Event Borrowing to be denominated in the Agreed Eligible Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculablea Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, U.S. Borrower and the Issuing BankLenders, and such Credit Events Loans shall not thereafter be denominated and funded in such Agreed Eligible Currency but shall, except as otherwise set forth in Section 2.07Article II, be made on the such date of such Credit Event in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Credit Event Request or Interest Election Requestfor Extension of Credit, as the case may be, as ABR LoansBase Rate Loans to the U.S. Borrower, unless such the U.S. Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Eligible Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Majority Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter Extension of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International Inc /New/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II II, this Article III and Article IV with respect to any Credit Event to be effected Loan in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Loan any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event LIBOR Rate Loans to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, Borrower and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Credit Events Loan shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Notice of Borrowing or Interest Election RequestNotice of Conversion/Continuation, as the case may be, as ABR Loansa Base Rate Loan, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Notice of Borrowing or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter Notice of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

AutoNDA by SimpleDocs

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected in any Foreign Alternative Currency, if (ai) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, Agent or Lenders having greater than 50% of the Issuing Bank (if such Credit Event is a Letter of Credit) or the Required Lenders European Tranche Commitments make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Alternative Currency specified by the applicable Borrower Borrower, or (bii) an a US Dollar Equivalent Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events shall not be denominated in such Agreed Alternative Currency but shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in US Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related request for a Credit Event Request or Interest Election Request, as the case may be, as ABR LoansEurocurrency Loans having an Interest Period of one month, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Alternative Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required European Tranche Lenders be practicable and in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related request for a Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Insight Enterprises Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV Section 4.2 with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrowerthe Borrowers, the Lenders andand the European Administrative Agent or the Canadian Administrative Agent, if such Credit Event is a Letter of Credit, the Issuing Bankas applicable, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth out in Section 2.072.15, be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cameron International Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth out in Section 2.072.15, be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cooper Cameron Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentBorrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such the Borrower, and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculablerelevant Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount -45 equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the relevant Borrower notifies the Administrative Agent at least one two (2) Business Day Days before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all ----------------- conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.072.14, be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Borrowing Notice and/or Conversion/Continuation Request or Interest Election Request, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Borrowing Notice and/or Conversion/Continuation Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Qad Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith shall, at least two (2) Business Days before the relevant Borrowing Date, give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount as of such Borrowing Date of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing/Conversion/Continuation Notice, as the case may be, as ABR Base Rate Loans, unless such the Borrower notifies the Administrative Agent at least one (1) Business Day before such date Borrowing Date that (Ai) it elects not to borrow on such date Borrowing Date or (Bii) it elects to borrow on such date Borrowing Date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditBorrowing/Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (C H Robinson Worldwide Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV V with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such BorrowerBorrower and the Lenders, or the Lenders andapplicable Borrower shall give notice to the Administrative Agent, if such Credit Event is a Letter of Creditand the Lenders, as the Issuing Bankcase may be, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, Currency in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentCompany, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such the applicable Borrower, and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating 55 Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Woodward, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculablerelevant Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the relevant Borrower notifies the Administrative Agent at least one two Business Day Days before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV Section 4.2 with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrowers and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth out in Section 2.072.15, be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Base Rate Loans, unless such the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (Aa) it elects not to borrow on such date or (Bb) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cameron International Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Swing Loan in any Foreign Agreed Currency, if (a) there shall occur on or prior to the date of such Credit Event Loan any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) or the Required Lenders Agent make it impracticable for the Eurocurrency Borrowings or Letters of Credit comprising such Credit Event Swing Loan to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such the Borrower, the Lenders and, if such Credit Event is a Letter of Credit, the Issuing Bank, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be, as ABR LoansBorrowing Notice, unless such the relevant Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Borrowing in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Borrowing to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrowers, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, US Borrower and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.072.03(b), be made on the proposed date of such Credit Event Borrowing in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Borrowing Request or Interest Election Request, as the case may be, as ABR Loans, unless such the US Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Borrowing Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electric Co Inc)

Market Disruption. Notwithstanding the satisfaction of all ----------------- conditions referred to in Article II and Article IV with respect to any Credit Event to be effected Advance in any Foreign Currency---------- Agreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentBorrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrowerthe Borrower and the Lenders, The Borrower shall give notice to the Lenders and, if such Credit Event is a Letter of Credit, as the Issuing Bank, case may be and such Credit Events Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects 29 35 not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 1 contract

Samples: Assignment Agreement (Gardner Denver Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II 2 and Article IV 4 with respect to any Credit Event Advance to be effected made in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the Issuing Bank (if such Credit Event is a Letter of Credit) Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Loans comprising such Credit Event Advance to be denominated in the Agreed Currency specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, Borrower and the Issuing BankLenders, and such Credit Events Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.072.14, be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election RequestConversion/Continuation Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request Borrowing Notice or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of CreditConversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Clarcor Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article this ARTICLE II and Article IV with respect to any Credit Event to be effected Advance in any Foreign CurrencyAgreed Currency other than Dollars, if (a) there shall occur on or prior to the date of such Credit Event Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative AgentBorrower, the Issuing Bank (if such Credit Event is a Letter of Credit) Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Borrowings or Letters of Credit Rate Loans comprising such Credit Event Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower or (b) an Equivalent Amount of such currency is not readily calculableBorrower, then the Administrative Agent shall forthwith give notice thereof to such the Borrower, and the Lenders and, if such Credit Event is a Letter of Credit, the Issuing BankLenders, and such Credit Events Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set forth in Section 2.07, shall be made on the date of such Credit Event Borrowing Date in Dollars, (i) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election RequestBorrowing Notice, as the case may be, as ABR Floating Rate Loans, unless such the Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (Ai) it elects not to borrow on such date or (Bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Credit Event Request or Interest Election Request, as the case may be or (ii) if such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (A) it elects not to request the issuance of such Letter of Credit on such date or (B) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may beBorrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

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