Common use of Revocation of currency Clause in Contracts

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower to that effect promptly and in any event before 1.00 p.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US Dollars; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US DollarsSterling; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars Sterling during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency in which the Loan is to be denominated when requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US Dollarseuros; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars euros during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US DollarsSwedish Kronor; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars Swedish Kronor during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9. 30 a. m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US Dollars; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Revolving Credit Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Revolving Credit Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US Dollars; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or Bridge Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US Dollarsthe Base Currency; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) in the Loan will be treated as a separate Loan denominated in US Dollars the Base Currency during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan Credit if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US DollarsSterling; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars Sterling during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Subclause.

Revocation of currency. (a) Notwithstanding any other term of this Agreement, if before 12.00 noon 9.30 a.m. on any Rate Fixing Day the Facility Agent receives notice from a Lender that: (i) the Optional Currency requested is not readily available to it in the relevant interbank market in the amount and for the period required; or (ii) participating in a Loan in the proposed Optional Currency might contravene any law or regulation applicable to it, the Facility Agent must give notice to the relevant Borrower Company to that effect promptly and in any event before 1.00 p.m. 11.00 a.m. on that day. (b) In this event: (i) that Lender must participate in the Loan in US Dollarseuro; and (ii) the share of that Lender in the Loan and any other similarly affected Lender(s) will be treated as a separate Loan denominated in US Dollars euro during that Term. (c) Any part of a Loan treated as a separate Loan under this Subclause will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time. (d) A Revolving Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Revolving Loan by reason only of the operation of this Subclause.