Multicurrency Loans. So long as no Default or Event of Default exists, the Borrower may on any Business Day, with respect to any Multicurrency Loan denominated in a Designated Currency, select a new Interest Period for such Multicurrency Loan. Each new Interest Period selected under this Section shall commence on the last day of the immediately preceding Interest Period. Each selection of a new Interest Period shall be made by the Borrower giving to the Administrative Agent a Foreign Currency Credit Notice not later than 2:00 p.m. on the fifth (5th) Business Day prior to the date of any such Continuation. Such notice by the Borrower of a Continuation shall be by telecopy, electronic mail or other similar form of communication in the form of a Notice of Continuation, specifying (a) the proposed date of such Continuation, (b) the Multicurrency Loan and portion thereof subject to such Continuation, and (c) the duration of the selected Interest Period, all of which shall be specified in such manner as is necessary to comply with all limitations on Loans outstanding hereunder. If no Foreign Currency Interest Period is specified in the Foreign Currency Credit Notice, Borrower shall be deemed to have selected a Foreign Currency Interest Period of one month’s duration. Each Notice of Continuation shall be irrevocable by and binding on the Borrower once given. Promptly after receipt of a Notice of Continuation, the Administrative Agent shall notify each Multicurrency Lender of such proposed Continuation. If the Borrower shall fail to select in a timely manner a new Interest Period for any applicable Multicurrency Loan in accordance with this Section, such Loan will automatically, on the last day of the current Interest Period therefor, continue as a Multicurrency Loan with an Interest Period of one month unless such Multicurrency Loan is repaid, with all interest accrued thereon, on the last day of the applicable Interest Period; provided, however, that if a Default or Event of Default exists, such Loan will automatically, on the last day of the current Interest Period therefor, or earlier if required by the Administrative Agent subject to Section 5.4, Convert into a Base Rate Loan, denominated in Dollars, in an amount equal to the Dollar Equivalent Amount of the Multicurrency Loan so Converted, notwithstanding the first sentence of this Section 2.11(b) or the Borrower’s failure to comply with any of the terms of such Section.
Multicurrency Loans. The Borrower shall repay the entire outstanding principal amount of, and all accrued interest on, each Multicurrency Loan denominated in a Designated Currency on the last day of the Interest Period of such Multicurrency Loan, unless Continued upon the terms and conditions set forth in Section 2.11(b) below.
Multicurrency Loans. The Borrower shall repay each Multicurrency Lender on the Maturity Date for the Revolving Credit Facility applicable to such Multicurrency Lender, the aggregate principal amount of Multicurrency Loans owed to such Multicurrency Lender outstanding on such date.
Multicurrency Loans. A. Interest Rates for Each Currency Deutsche Marks: -------------- for any Interest Period in respect of any Tranche, the rate for deposits in Deutsche Marks for a period beginning on the first day of such Interest Period and ending on the last day of such Interest Period which appears on the Telerate Page 3750 (or, if no such quotation appears on such Telerate Page, on the appropriate Reuters Screen) as of 11:00 a.m., London time, on the Quotation Day for such Interest Period.
Multicurrency Loans. Each Multicurrency Loan shall mature, and the principal amount thereof shall be due and payable, and the Borrowers shall repay such Multicurrency Loan on the Termination Date. Except as required under Section 4.02, each payment of principal of any Multicurrency Borrowing shall be allocated pro rata among the Multicurrency Banks in accordance with the respective principal amounts of their outstanding Multicurrency Loans comprising such Borrowing.
Multicurrency Loans. A. Notice of Multicurrency Loan Borrowing
Multicurrency Loans. Subject to the terms and conditions set forth herein, each Multicurrency Lender severally agrees to make Loans in Agreed Foreign Currencies to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) the aggregate Revolving Multicurrency Credit Exposure exceeding the Multicurrency Sublimit, (ii) such Multicurrency Lender exceeding its Applicable Multicurrency Percentage, (iii) the Revolving Credit Exposure of such Lender exceeding its Commitment, (iv) the aggregate Revolving Credit Exposure of all of the Dollar Lenders exceeding the aggregate Commitments, or (v) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Multicurrency Loans.”
Multicurrency Loans. A. Notice of Multicurrency Loan Borrowing 1. Deliver to: J.X. Xxxxxx Europe Limited 100 Xxxxxx Xxxx Xxxxxx, XX0X 0XX Attention: Bxxxxxx Xxxxx Fax No: 40-000-000-0000 with a copy to: Loan & Agency Services Group JPMorgan Chase Bank 1000 Xxxxxx, Xxxxx 10 Houston, TX 77002 Attention: Jxxxxxxx Xxxxxxx Fax: 700-000-0000
Multicurrency Loans. Subject to the terms and conditions set forth herein and on Annex A attached hereto and incorporated herein, each Multicurrency Lender severally agrees to make Loans in the Agreed Foreign Currency to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) the aggregate Revolving Multicurrency Credit Exposure exceeding the Multicurrency Sublimit, (ii) such Multicurrency Lender exceeding its Applicable Multicurrency Percentage, (iii) the Revolving Credit Exposure of such Lender exceeding its Commitment, (iv) the aggregate Revolving Credit Exposure of all of the Dollar Lenders exceeding the aggregate Commitments, or (v) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein and on Annex A attached hereto, the Borrower may borrow, prepay and reborrow Multicurrency Loans. In the event of a conflict between this Section 2.01(b) and Annex A, the terms and conditions on Annex A shall control. The Administrative Agent, Multicurrency Lender and the Borrower may make modifications and amendments to Annex A in an agreement in writing which the Administrative Agent, Multicurrency Lender, and the Borrower consent and approve in writing and which relate solely to the extension of Multicurrency Loans addressed in Annex A, so long as such modifications and amendments are not materially adverse to the interests of the Lenders taken as a whole, as determined by the Administrative Agent in its sole reasonable discretion. The Administrative Agent shall promptly notify the Lenders of any such subsequent modifications of amendments to Annex A entered into after the Second Amendment Effective Date.”
Multicurrency Loans. SECTION 2.7.1. Notification of Request SECTION 2.7.2. Availability SECTION 2.7.3. Notification of Availability SECTION 2.7.4. Consequences of Availability SECTION 2.7.5. Unexpected Non-Availability SECTION 2.7.6. Consequences of Non-Availability SECTION 2.8. Extension of Maturity Date.
