Rate of Exchange. The term "rate of exchange" in this Clause 12 means the rate at which the Lenders in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 3 contracts
Samples: Term Loan Agreement (Teekay Shipping Corp), Credit Facility Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp)
Rate of Exchange. The term "rate of exchange" in this Clause 12 means the rate at which the Lenders Lender in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 3 contracts
Samples: Term Loan Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp)
Rate of Exchange. The term "“rate of exchange" ” in this Clause Section 12 means the rate at which the Lenders in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 2 contracts
Samples: Credit Agreement (Tidewater Inc), Credit Facility Agreement (Tidewater Inc)
Rate of Exchange. The term "rate of exchange" in this Clause Section 12 means the rate at which the Lenders Facility Agent in accordance with their its normal practices are is able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 2 contracts
Samples: Secured Credit Facility Agreement (Teekay Shipping Corp), Credit Agreement (Chiles Offshore Inc/New/)
Rate of Exchange. The term "rate of exchange" in this Clause 12 9 means the rate at which the Lenders Banks in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 2 contracts
Samples: Reimbursement and Cash Deposit Agreement (Teekay Shipping Corp), Reimbursement Agreement (Teekay Shipping Corp)
Rate of Exchange. The term "rate of exchange" in this Clause 12 16 means the rate at which the Lenders in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 1 contract
