Common use of Negotiated Local Currency Loans Clause in Contracts

Negotiated Local Currency Loans. Subject to the terms and conditions set forth herein, upon the request of the Borrower, a Revolving Lender may, in its sole discretion, make a Loan (a "Negotiated Local Currency Loan") to the Borrower; provided that such Negotiated Local Currency Loan shall (i) be denominated in a Local Currency, (ii) mature within one year after the date such Negotiated Local Currency Loan is made (subject to the right of such Revolving Lender and the Borrower to agree to extend such maturity at any time to a date within one year after the date of such maturity or extension) and in any event shall mature on or prior to the Revolving Loan Maturity Date, (iii) be in an aggregate principal amount the Dollar Equivalent of which, on the date such Negotiated Local Currency Loan is made, is $100,000 or a whole multiple of $100,000 and (iv) otherwise comply with the applicable requirements of this Agreement. For purposes of subclause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Lenders on the same date in the same Local Currency and with the same maturity. Prior to making any Negotiated Local Currency Loan, the Revolving Lender making such Negotiated Local Currency Loan shall deliver a written notice to the Administrative Agent (countersigned or acknowledged by the Borrower), to be received by the Administrative Agent not later than 12:00 noon three Business Days (or, solely in the case of Local Currency Borrowings denominated in Japanese Yen, four Business Days) before a proposed Negotiated Local Currency Borrowing specifying (A) the aggregate principal amount of such Negotiated Local Currency Loan expressed in Dollars (which shall comply with subclause (iii) above) and expressed in the applicable units of Local Currency (determined by such Revolving Lender based on the Spot Rate), (B) the date on which such Negotiated Local Currency Loan is to be made and (C) the interest rate (or basis for determining the interest rate) and maturity of such Negotiated Local Currency Loan. Thereafter, such Revolving Lender shall notify the Administrative Agent of each payment received in respect of such Negotiated Local Currency Loan and of any change in the interest rate or maturity of such Negotiated Local Currency Loan or any other terms of such Negotiated Local Currency Loan. Such Revolving Lender also shall deliver to the Administrative Agent copies of any agreements and other documents ("Negotiated Local Currency Loan Agreements") entered into with the Borrower or any other Loan Party in connection with such Negotiated Local Currency Loan, as well as all amendments and modifications thereto.

Negotiated Local Currency Loans. Subject to the terms and conditions set forth herein, upon the request of the Borrower, any Borrower a Revolving Lender may, in its sole discretion, make a Loan (a "Negotiated Local Currency Loan") to the such Borrower; provided that such Negotiated Local Currency Loan shall (i) be denominated in a Local Currency, (ii) mature within one year after the date such Negotiated Local Currency Loan is made (subject to the right of such Revolving Lender and the applicable Borrower to agree to extend such maturity at any time to a date within one year after the date of such maturity or extension) and in any event shall mature on or prior to the Revolving Loan Maturity Date, (iii) be in an aggregate principal amount the Dollar Equivalent of which, on the date such Negotiated Local Currency Loan is made, is an integral multiple of $100,000 or a whole multiple of and not less than $100,000 and (iv) otherwise comply with the applicable requirements of this Agreement. For purposes of subclause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Lenders on the same date to the same Borrower in the same Local Currency and with the same maturity. Prior to making any Negotiated Local Currency Loan, the Revolving Lender making such Negotiated Local Currency Loan shall deliver a written notice to the Administrative Agent (countersigned or acknowledged by the Borrower), to be received applicable Borrower or by the Administrative Agent not later than 12:00 noon three Business Days (or, solely in the case Company on behalf of Local Currency Borrowings denominated in Japanese Yen, four Business Dayssuch Borrower) before a proposed Negotiated Local Currency Borrowing specifying (A) the aggregate principal amount of such Negotiated Local Currency Loan expressed in Dollars (which shall comply with subclause (iii) above) and expressed in the applicable units of Local Currency (determined by such Revolving Lender based on the Spot Exchange Rate), (B) the date on which such Negotiated Local Currency Loan is to be made made, (C) the Borrower of such Loan and (CD) the interest rate (or basis for determining the interest rate) and maturity of such Negotiated Local Currency Loan. Thereafter, such Revolving Lender shall notify the Administrative Agent of each payment received in respect of such Negotiated Local Currency Loan and of any change in the interest rate or maturity of such Negotiated Local Currency Loan or any other terms of such Negotiated Local Currency Loan. Such Revolving Lender also shall deliver to the Administrative Agent copies of any agreements and other documents ("Negotiated Local Currency Loan Agreements") entered into with the applicable Borrower or any other Loan Party in connection with such Negotiated Local Currency Loan, including any promissory note evidencing such Loan, as well as all amendments and modifications thereto.

Negotiated Local Currency Loans. Subject to the terms and conditions set forth herein, upon the request of the Borrower, any Foreign Borrowing Subsidiary a Revolving Lender may, in its sole discretion, make a Loan (a "“Negotiated Local Currency Loan"”) to the such Borrower; provided that such Negotiated Local Currency Loan shall (i) be denominated in a Local Currency, (ii) mature within one year after the date such Negotiated Local Currency Loan is made (subject to the right of such Revolving Lender and the Borrower to agree to extend such maturity at any time to a date within one year after the date of such maturity or extension) and in any event shall mature on or prior to the Revolving Loan Maturity Date, (iii) be in an aggregate principal amount the Dollar Equivalent of which, on the date such Negotiated Local Currency Loan is made, is $100,000 or a whole multiple of not less than $100,000 and (iv) otherwise comply with the applicable requirements of this Agreement. For purposes of subclause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Lenders on the same date to the same Borrower in the same Local Currency and with the same maturity. Prior to making any Negotiated Local Currency Loan, the Revolving Lender making such Negotiated Local Currency Loan shall deliver a written notice to the Administrative Agent (countersigned or acknowledged by the Borrower), to be received applicable Borrower or by the Administrative Agent not later than 12:00 noon three Business Days (or, solely in the case Parent Borrower on behalf of Local Currency Borrowings denominated in Japanese Yen, four Business Dayssuch Borrower) before a proposed Negotiated Local Currency Borrowing specifying (A) the aggregate principal amount of such Negotiated Local Currency Loan expressed in Dollars (which shall comply with subclause (iiisubclause(iii) above) and expressed in the applicable units of Local Currency (determined by such Revolving Lender based on the Spot Exchange Rate), (B) the date on which such Negotiated Local Currency Loan is to be made made, (C) the Borrower of such Loan and (CD) the interest rate (or basis for determining the interest rate) and maturity of such Negotiated Local Currency Loan. Thereafter, such Revolving Lender shall notify the Administrative Agent of each payment received in respect of such Negotiated Local Currency Loan and of any change in the interest rate or maturity of such Negotiated Local Currency Loan or any other terms of such Negotiated Local Currency Loan. Such Revolving Lender also shall deliver to the Administrative Agent copies of any agreements and other documents ("“Negotiated Local Currency Loan Agreements"”) entered into with the applicable Borrower or any other Loan Party in connection with such Negotiated Local Currency Loan, including any promissory note evidencing such Loan, as well as all amendments and modifications thereto.

Negotiated Local Currency Loans. Subject to the terms and conditions set forth herein, upon the request of the Borrower, any Borrower a Revolving Lender may, in its sole discretion, make a Loan (a "“Negotiated Local Currency Loan"”) to the such Borrower; provided that such Negotiated Local Currency Loan shall (i) be denominated in a Local Currency, (ii) mature within one year after the date such Negotiated Local Currency Loan is made (subject to the right of such Revolving Lender and the applicable Borrower to agree to extend such maturity at any time to a date within one year after the date of such maturity or extension) and in any event shall mature on or prior to the Revolving Loan Maturity Date, (iii) be in an aggregate principal amount the Dollar Equivalent of which, on the date such Negotiated Local Currency Loan is made, is an integral multiple of $100,000 or a whole multiple of and not less than $100,000 and (iv) otherwise comply with the applicable requirements of this Agreement. For purposes of subclause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Lenders on the same date to the same Borrower in the same Local Currency and with the same maturity. Prior to making any Negotiated Local Currency Loan, the Revolving Lender making such Negotiated Local Currency Loan shall deliver a written notice to the Administrative Agent (countersigned or acknowledged by the Borrower), to be received applicable Borrower or by the Administrative Agent not later than 12:00 noon three Business Days (or, solely in the case Company on behalf of Local Currency Borrowings denominated in Japanese Yen, four Business Dayssuch Borrower) before a proposed Negotiated Local Currency Borrowing specifying (A) the aggregate principal amount of such Negotiated Local Currency Loan expressed in Dollars (which shall comply with subclause (iii) above) and expressed in the applicable units of Local Currency (determined by such Revolving Lender based on the Spot Exchange Rate), (B) the date on which such Negotiated Local Currency Loan is to be made made, (C) the Borrower of such Loan and (CD) the interest rate (or basis for determining the interest rate) and maturity of such Negotiated Local Currency Loan. Thereafter, such Revolving Lender shall notify the Administrative Agent of each payment received in respect of such Negotiated Local Currency Loan and of any change in the interest rate or maturity of such Negotiated Local Currency Loan or any other terms of such Negotiated Local Currency Loan. Such Revolving Lender also shall deliver to the Administrative Agent copies of any agreements and other documents ("“Negotiated Local Currency Loan Agreements"”) entered into with the applicable Borrower or any other Loan Party in connection with such Negotiated Local Currency Loan, including any promissory note evidencing such Loan, as well as all amendments and modifications thereto.