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 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 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: Senior Multi Currency Revolving Credit Facility (Viasys Healthcare Inc), Credit Agreement (Covance Inc)

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Requests for Additional Optional Currencies. The Borrower Borrowers may deliver to the Agent a written request that Revolving Credit Loans 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 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 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 their 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 Borrowing Agent may deliver to the Agent a written request that Revolving Letters of Credit Loans hereunder also be permitted to be made issued 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 Issuers in the applicable interbank marketRelevant 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 may grant or accept such request in their sole discretion. The Agent will promptly notify the Borrower Borrowing Agent of the acceptance or rejection by the Agent and each of the Banks Issuers of the BorrowerBorrowing Agent's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Banks Issuers approve of the BorrowerBorrowing Agent's request.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Invacare Corp)

Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans 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 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 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 marketRelevant 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 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 Borrower Borrowers may deliver to the Agent a written request that Revolving Credit Loans 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 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 Agreement (Tb Woods Corp)

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Requests for Additional Optional Currencies. The Borrower may deliver to the Agent a written request that Revolving Credit Loans 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 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: Revolving Credit Facility (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 270134563 such request promptly after the Agent receives such request. The Agent and each Bank may grant or accept such request in their 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 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 their 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)

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