Common use of Optional Currency Amounts Clause in Contracts

Optional Currency Amounts. Notwithstanding anything contained herein to the contrary, the Agent may, with respect to notices by the Borrowers for Revolving Credit Loans in an Optional Currency or voluntary prepayments of less than the full amount of an Optional Currency Borrowing Tranche, engage in reasonable rounding of the Optional Currency amounts requested to be loaned or repaid; and, in such event, the Agent shall promptly notify the Borrowers and the Banks of such rounded amounts and the Borrowers' request or notice shall thereby be deemed to reflect such rounded amounts.

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

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Optional Currency Amounts. Notwithstanding anything contained herein to the contrary, the Agent may, with respect to notices by the Borrowers for Revolving Credit Loans in an Optional Currency or voluntary prepayments of less than the full amount of an Optional Currency Borrowing Tranche, engage in reasonable rounding of the Optional Currency amounts requested to be loaned or repaid; and, in such event, the Agent shall promptly notify the Borrowers and the Banks of such rounded amounts and the Borrowers' Borrower's request or notice shall thereby be deemed to reflect such rounded amounts.

Appears in 1 contract

Samples: Loan Agreement (Tb Woods Corp)

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Optional Currency Amounts. Notwithstanding anything contained herein to the contrary, the Agent may, with respect to notices by the Borrowers Borrower for Revolving Credit Loans in an Optional Currency or voluntary prepayments of less than the full amount of an Optional Currency Borrowing TrancheDisbursement, engage in reasonable rounding of the Optional Currency amounts requested to be loaned or repaid; and, in such event, the Agent shall promptly notify the Borrowers Borrower and the Banks of such rounded amounts and the Borrowers' Borrower’s request or notice shall thereby be deemed to reflect such rounded amounts.

Appears in 1 contract

Samples: Credit Agreement (Cooper Tire & Rubber Co)

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