Common use of Requests for Additional Optional Currencies Clause in Contracts

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's request.

Appears in 4 contracts

Samples: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

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Requests for Additional Optional Currencies. The Borrower Borrowers may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its their sole discretion. The Agent will promptly notify the Borrower Borrowers of the acceptance or rejection by the Agent and each of the Banks of the Borrower's Borrowers' request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's Borrowers' request.

Appears in 2 contracts

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

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's request. The Agent, in its reasonable discretion, shall designate any approved Optional Currency as Libor Quoted Currency or a Non-Libor Quoted Currency for purposes of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its their sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's request.

Appears in 2 contracts

Samples: Credit Agreement (Viasys Healthcare Inc), Credit Agreement (Covance Inc)

Requests for Additional Optional Currencies. The Borrower Borrowers may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its their sole discretion. The Agent will promptly notify the Borrower Borrowers of the acceptance or rejection by the Agent and each of the Banks of the Borrower's Borrowers' request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's Borrowers' request.

Appears in 1 contract

Samples: Loan Documents (Tb Woods Corp)

Requests for Additional Optional Currencies. The Borrower may ------------------------------------------- deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified specifically identified in the definition of "Optional Currency" herein "; provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks Lenders in the applicable interbank market. The Agent will promptly notify the Banks Lenders of any such request promptly after the Agent receives such request. The Agent and each Bank Each Lender may grant or accept deny such request in its sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks Lender of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks Required Lenders approve of the Borrower's request.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein ” herein, provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks Lenders in the applicable interbank market. The Agent will promptly notify the Banks Lenders of any such request promptly after the Agent receives such request. The Agent and each Bank Lender may grant or accept such request in its their sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks Lenders of the Borrower's ’s request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks Lenders approve of the Borrower's ’s request.

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's request.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks Lenders in the applicable interbank market. The Agent will promptly notify the Banks Lenders of any such request promptly after the Agent receives such request. The Agent and each Bank Lender may grant or accept such request in its their sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks Lenders of the Borrower's ’s request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks Lenders approve of the Borrower's ’s request.

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

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Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks of the Borrower's ’s request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's ’s request.

Appears in 1 contract

Samples: Credit Agreement (Respironics Inc)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks Lenders in the applicable interbank market. The Agent will promptly notify the Banks Lenders of any such request promptly after the Agent receives such request. The Agent and each Bank Lender may grant or accept such request in its their sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks Lenders of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's request.’s

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Requests for Additional Optional Currencies. The A Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks Lenders in the applicable interbank market. The Agent will promptly notify the Banks Lenders of any such request promptly after the Agent receives such request. The Agent and each Bank Lender may grant or accept such request in its their sole discretion. The Agent will promptly notify the such Borrower of the acceptance or rejection by the Agent and each of the Banks Lenders of the such Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks Lenders approve of the such Borrower's request.

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of "Optional Currency" herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks in the applicable interbank market. The Agent will promptly notify the Banks of any 270134563 275248976 such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in its sole discretion. The Agent will promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks approve of the Borrower's request.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Requests for Additional Optional Currencies. The Borrower ------------------------------------------- may deliver to the Agent a written request that Revolving Credit Loans and/or Letters of Credit hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified specifically identified in the definition of "Optional Currency" herein "; provided that such currency must be freely traded in the -------- offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks Lenders in the applicable interbank market. The Agent will shall promptly notify the Banks Lenders of any such request promptly after the Agent receives such request. The Agent and each Bank Each Lender may grant or accept deny such request in its sole discretion. The Agent will shall promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Banks Lender of the Borrower's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks Required Lenders approve of the Borrower's request.

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

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