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 Lenders in the applicable interbank market. The Agent will promptly notify the Lenders of any such request promptly after the Agent receives such request. The Agent and each 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 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 Lenders approve of the Borrower’s request.

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

AutoNDA by SimpleDocs

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 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 Lenders in the applicable interbank market. The Agent will shall promptly notify the Lenders of any such request promptly after the Agent receives such request. The Agent and each Each Lender may grant or accept deny such request in their its sole discretion. The Agent will shall promptly notify the Borrower of the acceptance or rejection by the Agent and each of the Lenders Lender 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 Required Lenders approve of the Borrower’s 's request.

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

Requests for Additional Optional Currencies. The A 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 Lenders in the applicable interbank market. The Agent will promptly notify the Lenders of any such request promptly after the Agent receives such request. The Agent and each Lender may grant or accept such request in their sole discretion. The Agent will promptly notify the such Borrower of the acceptance or rejection by the Agent and each of the Lenders of the such Borrower’s 's request. The requested currency shall be approved as an Optional Currency hereunder only if the Agent and all of the Lenders approve of the such Borrower’s 's request.

Appears in 1 contract

Samples: Revolving Credit Facility (Brady Corp)

AutoNDA by SimpleDocs

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 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 Lenders in the applicable interbank market. The Agent will promptly notify the Lenders of any such request promptly after the Agent receives such request. The Agent and each Each Lender may grant or accept deny 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 Lenders Lender 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 Required Lenders approve of the Borrower’s 's request.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!