Same Currency Sample Clauses

Same Currency. If a Term A2 Advance is to be denominated in the same Optional Currency during two successive Interest Periods and there is any difference between the Existing Amount of such Term A2 Advance and its New Amount, then, on the last day of the first of those Interest Periods: (a) if the Existing Amount of such Term A2 Advance exceeds its New Amount, the Borrower shall pay to the Facility Agent for the account of the Banks an amount equal to the amount of such excess; or (b) subject to final paragraph of Clause 3.6.3 if the New Amount of such Term A2 Advance exceeds its Existing Amount: (i) each Bank shall pay to the Facility Agent for the account of the Borrower an amount equal to its portion of the amount of such excess; or (ii) if an Event of Default shall have occurred and an Instructing Group so determines, no such payments shall be made and a sum equal to the aggregate amount which would have been so payable shall be treated as having been prepaid by the Borrower under Clause 15.2 (PREPAYMENT OF THE TERM OUTSTANDINGS).
Sample 1
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Same Currency. If an Advance is to be denominated in the same Optional Currency during two successive Interest Periods and there is any difference between the Existing Amount of such Advance and its New Amount, then, on the last day of the first of those Interest Periods: 4.5.1 if the Existing Amount of such Advance exceeds its New Amount, the Parent shall pay to the Bank an amount equal to the amount of such excess; or 4.5.2 if the New Amount of such Advance exceeds its Existing Amount: (a) the Bank shall pay to the Parent an amount equal to the amount of such excess; or (b) if an Event of Default shall have occurred and the Bank so elects, no such payments shall be made and a sum equal to the aggregate amount which would have been so payable shall be treated as having been prepaid by the Parent under Clause 11.2 (Prepayment).
Sample 1
Same Currency. If a Term Advance is to be denominated in the same Optional Currency during two successive Interest Periods and there is any difference between the Existing Amount of such Term Advance and its New Amount, then: 4.4.1 if the Existing Amount of such Term Advance exceeds its New Amount, the Borrower shall on the last day of the first of those Interest Periods pay to the Agent for the account of the Banks an amount equal to the amount of such excess; or 4.4.2 if the New Amount of such Term Advance exceeds its Existing Amount, the Agent shall, in accordance with the Borrower's instructions set out in the notice given by the Borrower under Clause 4.1 (BORROWER'S REQUEST FOR OPTIONAL CURRENCY FOR TERM ADVANCES), either: (a) on the third Business Day before the last day of the first of those Interest Periods, request each Bank to pay on the last day of the first of those Interest Periods an amount equal to its portion of the amount of such excess to the Agent for application in payment to the Borrower; or (b) on the third Business Day before the last day of the first of those Interest Periods, inform each Bank that no such payments need be made and that instead a sum equal to the aggregate amount which would have been so payable shall be treated as having been repaid by the Borrower under Clause 11.3 (VOLUNTARY PROPORTIONAL REPAYMENT); or (c) if an Event of Default shall have occurred and the Agent or an Instructing Group so determines, no such payments shall be made by the Banks and a sum equal to the aggregate amount which would have been so payable shall be treated as having been prepaid by the Borrower under Clause 11.3 (VOLUNTARY PROPORTIONAL REPAYMENT).
Sample 1
Same Currency. If any Facility A Term Advance is to be denominated in Euros during two successive Interest Periods and there is any difference between the Existing Amount of such Advance and its New Amount, then, on the last day of the first of those Interest Periods: 6.21.1 if the Existing Amount of such Advance exceeds its New Amount, the relevant Borrower shall pay to the Facility Agent for the account of the Banks an amount equal to the amount of such excess; or 6.21.2 if the New Amount of such Advance exceeds its Existing Amount: (a) each Bank shall pay to the Facility Agent for the account of the relevant Borrower an amount equal to its portion of the amount of such excess; or (b) if an Event of Default shall have occurred and the Facility Agent or an Instructing Group so determines, no such payments shall be made and a sum equal to the aggregate amount which would have been so payable shall be treated as having been prepaid by the Borrower under Clause 6.2 (Voluntary Prepayment).
Sample 1

Related to Same Currency

  • Base Currency For the purposes of any calculation hereunder, we may convert amounts denominated in any other currency into the Base Currency at such rate prevailing at the time of the calculation as we shall reasonably select.

  • Blocked Currency In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.

  • Alternative Currencies (a) The Borrower may from time to time request that LIBO Rate Revolving Loans be made and/or Letters of Credit be issued in a currency other than Dollars; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of LIBO Rate Revolving Loans, such request shall be subject to the approval of the Revolving Lenders of the applicable Class that will provide such Loans, and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the applicable Issuing Banks, in each case as set forth in Section 9.02(b)(ii)(E). (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., ten Business Days prior to the requested date of the making of such Revolving Loan or issuance of such Letter of Credit (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable Issuing Banks, in its or their sole discretion). In the case of any such request pertaining to LIBO Rate Revolving Loans, the Administrative Agent shall promptly notify each Revolving Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the applicable Issuings Bank thereof. Each applicable Revolving Lender (in the case of any such request pertaining to LIBO Rate Revolving Loans) or each applicable Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., five Business Days after receipt of such request whether it consents, in its sole discretion, to the making of LIBO Rate Revolving Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. (c) Any failure by a Revolving Lender or Issuing Bank, as the case may be, to respond to such request within the time period specified in the preceding paragraph shall be deemed to be a refusal by such Revolving Lender or Issuing Bank, as the case may be, to permit LIBO Rate Revolving Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the applicable Revolving Lenders consent to making LIBO Rate Revolving Loans or issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and the Borrower and the Revolving Lenders shall amend this Agreement and the other Loan Documents as necessary to accommodate such Borrowings and/or Letters of Credit (as applicable), in accordance with Section 9.02(b)(ii)(E). If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.10, the Administrative Agent shall promptly so notify the Borrower.

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • Foreign Currency The term “

  • Currency All sums of money which are referred to in this Agreement are expressed in lawful money of Canada, unless otherwise specified.

  • Foreign Currency Exchange Unless the Depositor shall otherwise direct, whenever funds are received by the Trustee in foreign currency, upon the receipt thereof or, if such funds are to be received in respect of a sale of Securities, concurrently with the contract of the sale for the Security (in the latter case the foreign exchange contract to have a settlement date coincident with the relevant contract of sale for the Security), the Trustee shall enter into a foreign exchange contract for the conversion of such funds to U.S. dollars pursuant to the instruction of the Depositor. The Trustee shall have no liability for any loss or depreciation resulting from action taken pursuant to such instruction." BB. Article IV of the Standard Terms and Conditions of Trust is hereby replaced with the following:

  • Specified Currency Whether the Note is an OID Note, and if it is an OID Note, the applicability of Modified Payment upon Acceleration (and if so, the Issue Price).

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars). In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuers. (i) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 15 Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, each L/C Issuer, in its or their sole discretion). In the case of any such request pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify each L/C Issuer thereof. Each Revolving Credit Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) or each L/C Issuer (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. (ii) Any failure by a Revolving Credit Lender or L/C Issuer, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Revolving Credit Lender or L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Revolving Credit Lenders consent to making Eurocurrency Rate Loans in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency Rate Loans; and if the Administrative Agent and the L/C Issuers consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.14, the Administrative Agent shall promptly so notify the Borrower.

  • Optional Currencies 25 8. Repayment....................................................... 29 9.

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