Multi Currency Loans Sample Clauses

Multi Currency Loans. Borrower shall repay the principal amount of the Multi-Currency Loans on or before the Multi-Currency Maturity Date.

Multi Currency Loans. (a) The Lenders may designate one or more of their offices, branches, subsidiaries or affiliates which are to make and book its advances under the Multi-Currency Loan and for whose account payments are to be made, and may change any of them from time to time. (b) Any repayment of a Multi-Currency Borrowing shall be made in the same currency as the Multi-Currency Borrowing being repaid; provided, that if, after the making of any Multi-Currency Borrowing, currency control or exchange regulations are imposed in the country which issues the Agreed Currency, with the result that the Agreed Currency no longer exists or Borrower is not able to make payment to the Lenders in such Agreed Currency, Borrower shall pay to the Lenders at such place as the Lenders shall direct, the Equivalent Amount in dollars. In any case in which Borrower is obligated to make payment in dollars, Borrower shall hold the Lenders harmless from any loss incurred by the Lenders arising from any change in the value of dollars in relation to the Agreed Currency between the date repayment of the Multi-Currency Borrowing is made and the date the Lenders are actually able, following the conversion of the dollars paid by Borrower into the Agreed Currency and remittance of such Agreed Currency to the place where such Borrowing is payable, to apply such Agreed Currency to such Multi-Currency Borrowing. It is the intention of the parties hereto that Borrower takes all risks of the imposition of such currency control or exchange regulations. (c) For so long as the Lenders are required to make special deposits with, or to comply with reserve, liquidity, cash margin or other requirements of, any monetary or other authority (including without limitation any such requirement imposed by any central bank or the Financial Services Authority) or incur any other costs, expenses or reserves in respect of the Multi-Currency Borrowings in any Agreed Currency that is not reflected in the interest rates payable hereunder, the Lenders shall be entitled to require Borrower to pay, contemporaneously with each payment of interest on each Borrowing, additional interest thereon at a rate per annum specified by the Lenders to be the cost to the Lenders of complying with such requirements or of such other costs, expenses or reserves. A certificate of the Administrative Agent setting forth the amount or amounts necessary to compensate the Lenders for such costs (and the calculations supporting such amount) shall be conclu...

Multi Currency Loans. For each requested Multi-Currency Loan, Borrower shall deliver to Agent a written or oral (confirmed in writing by facsimile that same day) Notice of Borrowing (which notice must be received by Agent prior to 11:00 a.m. (Seattle time)) three (3) Business Days prior to the requested borrowing date specifying (i) the date of the requested borrowing, (ii) the amount thereof, (iii) the duration of the Applicable Interest Period applicable to such Loans, and (iv) the Applicable Currency. Requests for borrowing, or confirmations thereof, received after the designated hour will be deemed received on the next succeeding Business Day. Each such Notice of Borrowing shall be irrevocable and shall be deemed to constitute a representation and warranty by Borrower that as of the date of such notice the statements set forth in Article 5 hereof are true and correct and that no Default or Event of Default has occurred and is continuing. Each Multi-Currency Loan requested by Borrower under this Section 2.2 shall be in an amount of not less than $500,000 and an integral multiple of $100,000. The Dollar Equivalent amount of any borrowing in an Offshore Currency will be determined by Agent for such borrowing on the Computation Date therefor in accordance with Section 2.3. On receipt of a Notice of Borrowing, Agent shall promptly notify the Multi-Currency Bank by telephone, telex or telefax of the date of the requested borrowing and the amount thereof. The Multi-Currency Bank shall before 1:00 p.m. (Seattle time) on the date of the requested borrowing, pay the principal amount of the requested borrowing in immediately available funds to Agent at its Commercial Loan Processing Center, Seattle, Washington. Upon fulfillment to Agent's satisfaction of the applicable conditions set forth in Article 4, and after receipt by Agent of such funds, Agent will promptly make such funds available to Borrower by depositing them to the ordinary checking account maintained by Borrower at Agent's Commercial Accounts Service Center.

Multi Currency Loans. 46 SECTION 2.9.1

Multi Currency Loans. Notices to the Multi-Currency Payment Agent of terminations or reductions of Multi-Currency Commitments, of borrowings and prepayments of Multi-Currency Loans and of the duration of Interest Periods shall be irrevocable and shall be effective only if received by the Multi-Currency Payment Agent not later than 9:00 a.m. London time on the number of Business Days prior to the date of the relevant termination, reduction, borrowing and/or prepayment specified below: -------------------------------------------------------------------------------- NUMBER OF NOTICE BUSINESS DAYS PRIOR -------------------------------------------------------------------------------- Termination or reduction of 3 Commitments -------------------------------------------------------------------------------- Borrowing or prepayment of Multi-Currency Loans 3 -------------------------------------------------------------------------------- Prepayments required pursuant 1 to Section 3.02(b) -------------------------------------------------------------------------------- Each such notice of termination or reduction shall specify the amount thereof to be terminated or reduced. Each such notice of borrowing or prepayment shall specify the amount of the Loans to be borrowed or prepaid (subject to Sections 3.02(a) and 5.04 hereof), the date of borrowing or prepayment (which shall be a Business Day), the duration of the Interest Period therefor (subject to the definition of Interest Period) and the currency of Loans to be borrowed. Each such notice of duration of an Interest Period shall specify the Loans to which such Interest Period is to relate. The Multi-Currency Payment Agent shall promptly notify the affected Lenders of the contents of each such notice.

Multi Currency Loans