Common use of Recalculation of Dollar Equivalent Amounts Clause in Contracts

Recalculation of Dollar Equivalent Amounts. In determining the Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders, the Agent may use the respective Dollar Equivalent Amounts for the Letters of Credit pursuant to paragraph (i) of this subsection (a), unless such Dollar Equivalent Amount so calculated exceeds 90% of the aggregate of all Revolving Credit Committed Amounts, in which case the Agent shall recalculate the Dollar Equivalent Amount of the Letters of Credit outstanding no less frequently than once each week. The Agent may recalculate the Dollar Equivalent Amounts of each of the Letters of Credit as frequently as it determines to do so in its discretion, provided, that such recalculation shall be made for all of the Letters of Credit no less frequently than once each week during any period when the aggregate Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders exceeds 90% of the aggregate of all Revolving Credit Committed Amounts.

Appears in 4 contracts

Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp), Credit Agreement (Norstan Inc)

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Recalculation of Dollar Equivalent Amounts. In determining the Dollar Equivalent Amount of the aggregate Revolving Credit Exposure Extensions of Credit of the Lenders, the Agent may use the respective Dollar Equivalent Amounts for the Letters of Revolving Credit Loans pursuant to paragraph (i) of this subsection (a), unless such Dollar Equivalent Amount so calculated exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount, in which case the Agent shall recalculate the Dollar Equivalent Amount of the Letters of Revolving Credit Loans outstanding no less frequently than once each week. The Agent may recalculate the Dollar Equivalent Amounts of each of the Letters of Revolving Credit Loans as frequently as it determines to do so in its discretion, provided, that such recalculation shall be made for all of the Letters of Revolving Credit Loans no less frequently than once each week during any period when the aggregate Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount.

Appears in 2 contracts

Samples: Term Credit Agreement (Curtiss Wright Corp), Credit Agreement (Curtiss Wright Corp)

Recalculation of Dollar Equivalent Amounts. In determining the Dollar Equivalent Amount of the aggregate Revolving Credit Exposure Extensions of Credit of the Lenders, the Agent may use the respective Dollar Equivalent Amounts for the Letters of Revolving Credit Loans pursuant to paragraph (i) of this subsection (a), unless such Dollar Equivalent Amount so calculated exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount, in which case the Agent shall recalculate the Dollar Equivalent Amount of the Letters of Revolving Credit Loans outstanding no less frequently than once each week. The Agent may recalculate the Dollar Equivalent Amounts of each of the Letters of Revolving Credit Loans as frequently as it determines to do so in its discretion, providedPROVIDED, that such recalculation shall be made for all of the Letters of Revolving Credit Loans no less frequently than once each week during any period when the aggregate Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Curtiss Wright Corp)

Recalculation of Dollar Equivalent Amounts. In determining the Dollar Equivalent Amount of the aggregate Revolving Credit Exposure Loans of the Lenders, the Agent may use the respective Dollar Equivalent Amounts for the Letters of Revolving Credit Loans pursuant to paragraph (i) of this subsection (a), unless such Dollar Equivalent Amount so calculated exceeds 90% of the sum of the aggregate of all Revolving Credit Committed Amounts, in which case the Agent shall recalculate the Dollar Equivalent Amount of the Letters of Revolving Credit Loans outstanding no less frequently than once each week. The Agent may recalculate the Dollar Equivalent Amounts of each of the Letters of Revolving Credit Loans as frequently as it determines to do so in its discretion, ; provided, that such recalculation shall be made for all of the Letters of Revolving Credit Loans no less frequently than once each week during any period when the aggregate Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders exceeds 90% of the sum of the aggregate of all Revolving Credit Committed Amounts.Revolving

Appears in 1 contract

Samples: Short Term Credit Agreement (Curtiss Wright Corp)

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Recalculation of Dollar Equivalent Amounts. In determining the Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders, the Agent may use the respective Dollar Equivalent Amounts for the Letters of Credit pursuant to paragraph (i) of this subsection (a), unless such Dollar Equivalent Amount so calculated exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount, in which case the Agent shall recalculate the Dollar Equivalent Amount of the Letters of Credit outstanding no less frequently than once each week. The Agent may recalculate the Dollar Equivalent Amounts of each of the Letters of Credit as frequently as it determines to do so in its discretion, provided, that such recalculation shall be made for all of the Letters of Credit no less frequently than once each week during any period when the aggregate Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount.

Appears in 1 contract

Samples: Credit Agreement (Black Box Corp)

Recalculation of Dollar Equivalent Amounts. In determining the Dollar Equivalent Amount of the aggregate Revolving Credit Exposure Loans of the Lenders, the Agent may use the respective Dollar Equivalent Amounts for the Letters of Revolving Credit Loans pursuant to paragraph (i) of this subsection (a), unless such Dollar Equivalent Amount so calculated exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount, in which case the Agent shall recalculate the Dollar Equivalent Amount of the Letters of Revolving Credit Loans outstanding no less frequently than once each week. The Agent may recalculate the Dollar Equivalent Amounts of each of the Letters of Revolving Credit Loans as frequently as it determines to do so in its discretion, providedPROVIDED, that such recalculation shall be made for all of the Letters of Revolving Credit Loans no less frequently than once each week during any period when the aggregate Dollar Equivalent Amount of the aggregate Revolving Credit Exposure of the Lenders exceeds 90% of the aggregate of all Revolving Credit Committed AmountsCommitment Amount.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Curtiss Wright Corp)

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