Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below): (i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or (ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference. (b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency Amount, no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 3 contracts
Samples: Facilities Agreement (Octel Corp), Amendment and Restatement Agreement (Octel Corp), Facilities Agreement (Innospec Inc.)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A that Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Term Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuingcontinuing and the relevant Borrower has not instructed the Agent otherwise, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.. Table of Contents
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s 's Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 2 contracts
Samples: Facilities Agreement (HeidelbergCement AG), Facilities Agreement (HeidelbergCement AG)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that the Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 2 contracts
Samples: Acquisition Facilities Agreement (Cemex Sab De Cv), Acquisition Facilities Agreement (Cemex Sa De Cv)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan Term-out Advance is to be denominated in the same Optional Currency during two successive Interest Periods, the Facility Agent shall calculate the amount of the Facility A Loan Term-out Advance in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Original Dollar Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified TimeTerm-out Advance) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan Term-out Advance in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan Term-out Advance and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan Term-out Advance in the Optional Currency during the first Interest Period, promptly notify each Lender Revolving Facility Bank which participated in the Advance and, if no Event of Default is continuing, each Lender such Revolving Facility Bank shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Facility Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan Term-out Advance in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than the lower of US$40,000,000 and 5 per cent. compared to its Base Currency Original Dollar Amount, no notification shall be made by the Facility Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan an Advance is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan Advance in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan Advance at the Agent’s Spot Rate of Exchange at on the Specified Timelast day of the first of those Interest Periods) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan Advance in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan Advance and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan Advance in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan Advance in the Optional Currency for the second of those Interest Periods converted into the Base Currency euro at the Agent’s Spot Rate of Exchange at on the Specified Time last day of the first of those Interest Periods has increased or decreased by less than 5 five per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s 's Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A any Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Term Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Facility Agreement (Intercontinental Hotels Group PLC /New/)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan Term-out Advance is to be denominated in the same Optional Currency during two successive Interest Periods, the Facility Agent shall calculate the amount of the Facility A Loan Term-out Advance in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Original Dollar Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified TimeTerm-out Advance) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan Term-out Advance in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that the Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan Term-out Advance in the Optional Currency during the first Interest Period, promptly notify each Lender Revolving Facility Bank which participated in the Advance and, if no Event of Default is continuing, each Lender such Revolving Facility Bank shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Facility Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan Term-out Advance in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than the lower of US$40,000,000 and 5 per cent. compared to its Base Currency Original Dollar Amount, no notification shall be made by the Facility Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: 364 Day Multi Currency Revolving Credit With Term Out Option (National Grid Transco PLC)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term-Out Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Term-Out Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term-Out Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Term-Out Loan in the Optional Currency during the first Interest Period, promptly notify the relevant Borrower that has borrowed that Facility A Loan and that such Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Term-Out Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Term-Out Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency Amount, no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Multicurrency Revolving Facilities Agreement (Sage Group PLC)
Same Optional Currency during successive Interest Periods. (a) If a Facility A B Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A B Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A B Term Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A B Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A B Term Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; oror Back to Contents
(ii) if the amount calculated is more than the existing amount of that Facility A B Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A B Term Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency Amount, no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A the Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods converted into A02583129/5.0/05 Feb 2003 Back to Contents the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that the Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; oror A07131148/0.28/12 Dec 2006
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s 's Spot Rate of Exchange at used in calculating the Specified Time Base Currency Amount of that Loan has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Facility Agreement (Allied Healthcare International Inc)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at used in calculating the Specified Time Base Currency Amount of that Loan has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Senior Term and Revolving Facilities Agreement (Melrose PLC)
Same Optional Currency during successive Interest Periods. (a) If a Term Facility A Loan (other than a Dollar Facility Loan or a Euro Facility Loan) is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the such Term Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Term Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Term Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Term Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Term Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the relevant Term Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency Amount, no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Senior Facilities Agreement (Messer Griesheim Holding Ag)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan Term-out Advance is to be denominated in the same Optional Currency during two successive Interest Periods, the Facility Agent shall calculate the amount of the Facility A Loan that Term-out Advance in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan Term-out Advance at the Facility Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan Term-out Advance in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan Borrowers' Agent and that the relevant Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan Term-out Advance in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Facility Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan a Term-out Advance in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency Amount, no notification shall be made by the Facility Agent in respect of that Term-out Advance and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Credit Agreement (Reh Mergersub Inc)
Same Optional Currency during successive Interest Periods. (a) If a Facility A B Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A B Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A B Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A B Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A B Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A B Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A B Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Facility Agreement (Intercontinental Hotels Group PLC /New/)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Facility Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Facility Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Facility Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Facility Agent’s 's Spot Rate of Exchange at used in calculating the Specified Time Base Currency Amount of that Loan has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Facility Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A that Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Term Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A that Term Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 five per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Facility Agent shall calculate the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan Parent and that Borrower the Parent shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Facility Agent pursuant to paragraph (a) above shows that the amount of the Facility A a Term Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 10 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Facility Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: £200,000,000 Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc)
Same Optional Currency during successive Interest Periods. (a) 1.1 If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Term 24 Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) 1.1.1 if the amount calculated is less than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Term Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) 1.1.2 if the amount calculated is more than the existing amount of that Facility A Term Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) 1.2 If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 five per cent. compared to its Base Currency Amount, no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Misys PLC)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and the relevant Borrower and, if no Event of Default is continuingcontinuing and the relevant Borrower so requests, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at used in calculating the Specified Time Base Currency Amount of that Loan has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Term Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Term Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that the Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s 's Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Facility Agreement (Gold Fields LTD)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Agent’s 's Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time has increased or decreased by less than 5 per cent. compared to its Base Currency Amount, no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Same Optional Currency during successive Interest Periods. (a) If a Facility A C Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Agent shall calculate the amount of the Facility A C Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A C Loan at the Agent’s Spot Rate of Exchange at the Specified TimeExchange) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A C Loan in the Optional Currency during the first Interest Period, promptly notify the Facility C Borrower that has borrowed that Facility A C Loan and that Facility C Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A C Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Agent pursuant to paragraph (a) above shows that the amount of the Facility A C Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Agent’s Spot Rate of Exchange at the Specified Time Quotation Date on which the Agent originally calculated the Base Currency Amount has increased or decreased by less than 5 five (5) per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Multicurrency Term and Revolving Facilities Agreement (Seawell LTD)
Same Optional Currency during successive Interest Periods. (a) If a Facility A Loan is to be denominated in the same Optional Currency during two successive Interest Periods, the Facility Agent shall calculate the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods (by calculating the amount of Optional Currency equal to the Base Currency Amount of that Facility A Loan at the Facility Agent’s Spot Rate of Exchange at the Specified Time) and (subject to paragraph (b) below):
(i) if the amount calculated is less than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify the Borrower that has borrowed that Facility A Loan and that Borrower shall pay, on the last day of the first Interest Period, an amount equal to the difference; or
(ii) if the amount calculated is more than the existing amount of that Facility A Loan in the Optional Currency during the first Interest Period, promptly notify each Lender and, if no Event of Default is continuing, each Lender shall, on the last day of the first Interest Period, pay its participation in an amount equal to the difference.
(b) If the calculation made by the Facility Agent pursuant to paragraph (a) above shows that the amount of the Facility A Loan in the Optional Currency for the second of those Interest Periods converted into the Base Currency at the Facility Agent’s Spot Rate of Exchange at used in calculating the Specified Time Base Currency Amount of that Loan has increased or decreased by less than 5 per cent. compared to its Base Currency AmountAmount (taking into account any payments made pursuant to paragraph (a) above), no notification shall be made by the Facility Agent and no payment shall be required under paragraph (a) above.
Appears in 1 contract
Samples: Multicurrency Loan Facility Agreement (Xstrata PLC)