Common use of Revaluation of Letters of Credit Clause in Contracts

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Agent shall, at the end of each Financial Quarter, or on any other date as determined by the Issuing Agent, recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Agent shall, shall at six monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (ai) If any Letter Letters of Credit is are denominated in an Optional Currency, the Administrative Agent shall, at the end of each Financial Fiscal Quarter, or on any other date as determined by the Issuing Agent, recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Facility Agent shall, at the end of shall on each Financial Quarter, or on any other date as determined by the Issuing Agentit receives a Borrowing Base Certificate, recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Facility Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Agent shall, shall at three monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agentthis Agreement, recalculate the Base Currency Amount of that each such Letter of Credit by notionally converting into the Base Currency the outstanding amount of that each such Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Administrative Agent shall, shall at six monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Agent shall, shall at six monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agentthis Agreement, recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Agent shall, shall at 12 monthly intervals after the end of each Financial Quarter, or on any other date as determined by the Issuing AgentClosing Date, recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Agent shall, at six-monthly intervals commencing on the end of each Financial Quarter, or on any other date as determined by the Issuing AgentClosing Date, recalculate the Base Currency Amount of that each such Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Facility Agent shall, shall at six monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Facility Agent shall, shall at twelve monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit or any letter of credit issued under an Ancillary Facility is denominated in an Optional Currency, the Agent shall, at six-monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agentthis Agreement, recalculate the Base Currency Amount of that Letter of Credit or that letter of credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit or that letter of credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Agent shall, at shall on each Quarter Date after the end date of each Financial Quarter, or on the Letter of Credit (other than any other Quarter Date falling within the first three Months after the date as determined by of the Issuing Agent, Letter of Credit) recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Agent shall, shall at three monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agentthis Agreement, recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Facility Agent shall, shall at six-monthly intervals after the end of each Financial Quarter, or on any other date as determined by the Issuing Agent, Signing Date recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Agent shall, at shall on the end last Business Day of each Financial Quarter, or on any other calendar quarter falling after the date as determined by of the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter Letters of Credit is are denominated in an Optional Currency, the Facility Agent shall, shall at annual intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, respective Letter of Credit recalculate the Base Currency Amount of that each Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Facility Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Facility Agent shall, shall at twelve monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s 's Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Facility Agent shall, shall at six monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, Letter of Credit recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Letters of Credit. (a) If any Letter of Credit is denominated in an Optional Currency, the Agent shall, shall at six monthly intervals after the end date of each Financial Quarter, or on any other date as determined by the Issuing Agent, this Agreement recalculate the Base Currency Amount of that Letter of Credit by notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation.