Common use of Same Optional Currency Clause in Contracts

Same Optional Currency. (a) If a Tranche A Advance is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Tranche A Advance on the basis of the Agent's Spot Rate of Exchange two Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Tranche A Advance for the next Interest Period is less than for the preceding Interest Period, the Borrower shall repay the difference; or (ii) if the amount of the Tranche A Advance for the next Interest Period is greater, each Tranche A Bank shall forthwith make available to the Agent for the Borrower its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, "ORIGINAL EXCHANGE RATE" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Appears in 1 contract

Samples: Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo)

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Same Optional Currency. (a) If a Tranche A Advance Term Loan is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A Advance Term Loan (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A Advance Term Loan for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Sterling Amount of the Tranche A Advance Term Loan on the basis of the Agent's Spot Rate of Exchange two three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Tranche A Advance Term Loan for the next Interest Period is less than for the preceding Interest Period, the relevant Borrower shall repay the difference; or (ii) if the amount of the Tranche A Advance Term Loan for the next Interest Period is greater, each Tranche A Bank shall (unless an Event of Default has occurred which is then continuing) forthwith make available to the Agent for the that Borrower its participation in the difference. (c) If the Sterling equivalent of a Loan calculated by reference to the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro Sterling of less than five per cent. when compared with the Sterling equivalent of a Loan calculated by reference to the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, 11 "ORIGINAL EXCHANGE RATE" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Appears in 1 contract

Samples: Multicurrency Revolving Credit Facility (Ti Group PLC)

Same Optional Currency. (a) If a Tranche A B Advance or Term-out Advance is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A B Advance or Term-out Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A B Advance or Term-out Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Dollar Amount of the Tranche A B Advance or Term-out Advance on the basis of the Agent's Spot Rate of Exchange two three Business Days before the commencement start of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Tranche A B Advance or Term-out Advance for the next Interest Period is less than for the preceding Interest Period, the relevant Borrower shall repay the difference; or (ii) if the amount of the Tranche A B Advance or Term-out Advance for the next Interest Period is greatergreater than for the preceding Interest Period, each Tranche A Bank Lender shall forthwith make available to the Agent for the relevant Borrower its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro U.S. Dollars of less than five ten per cent. when compared with the result achieved by using the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, 8.8 and in Clause 8.9 (Prepayments and repayments) "ORIGINAL EXCHANGE RATE" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Appears in 1 contract

Samples: Term and Revolving Credit Facility (Vodafone Group Public Limited Co)

Same Optional Currency. (a) If a Tranche A Term-out Advance is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A Term-out Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A Term-out Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Dollar Amount of the Tranche A Term-out Advance on the basis of the Agent's ’s Spot Rate of Exchange two three Business Days before the commencement start of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Tranche A Term-out Advance for the next Interest Period is less than for the preceding Interest Period, the relevant Borrower shall repay the difference; or (ii) if the amount of the Tranche A Term-out Advance for the next Interest Period is greatergreater than for the preceding Interest Period, each Tranche A Bank Lender shall forthwith make available to the Agent for the relevant Borrower its participation in the difference. (c) If the Agent's ’s Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro Dollars of less than five ten per cent. when compared with the result achieved by using the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, "ORIGINAL EXCHANGE RATE" 8.8 (Same Optional Currency) and in Clause 8.9 (Prepayments and repayments) “Original Exchange Rate” means the Agent's ’s Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Appears in 1 contract

Samples: 364 Day Facility Agreement (Vodafone Group Public LTD Co)

Same Optional Currency. (a) If a Tranche A Advance Loan is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A Advance such Loan (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A Advance such Loan for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Dollar Amount of the Tranche A Advance such Loan on the basis of the Agent's Spot Rate of Exchange two three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below):below):- (i) if the amount of the Tranche A Advance such Loan for the next Interest Period is less than for the preceding Interest Period, the Borrower shall repay the difference; or (ii) if the amount of the Tranche A Advance such Loan for the next Interest Period is greater, each Tranche A Bank shall forthwith make available to the Agent for the Borrower its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro Dollars of less than five per cent. percent when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, 11 (Amount of Optional Currencies) "ORIGINAL EXCHANGE RATEOriginal Exchange Rate" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:following:-

Appears in 1 contract

Samples: Revolving Credit Facility (Incentive Ab)

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Same Optional Currency. (a) If a Tranche A B Advance is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A B Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Sterling Amount of the Tranche A B Advance on the basis of the Agent's Spot Rate of Exchange two three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Tranche A B Advance for the next Interest Period is less than for the preceding Interest Period, the Borrower Getty U.K. shall repay the differencedifference on the last day of the current Interest Period; or (ii) if the amount of the Tranche A B Advance for the next Interest Period is greater, each the Banks in the proportion which their respective Tranche A Bank B Commitments bear to the aggregate Tranche B Commitments shall forthwith make available to the Agent for the Borrower its participation in Getty U.K. the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro Sterling of less than five per cent. (5%) when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, 6 "ORIGINAL EXCHANGE RATE" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Appears in 1 contract

Samples: Credit Agreement (Getty Images Inc)

Same Optional Currency. (a) If a Tranche A Term-out Advance is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A Term-out Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A Term-out Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Dollar Amount of the Tranche A Term-out Advance on the basis of the Agent's Spot Rate of Exchange two three Business Days before the commencement start of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Tranche A Term-out Advance for the next Interest Period is less than for the preceding Interest Period, the relevant Borrower shall repay the difference; or (ii) if the amount of the Tranche A Term-out Advance for the next Interest Period is greatergreater than for the preceding Interest Period, each Tranche A Bank Lender shall forthwith make available to the Agent for the relevant Borrower its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro Dollars of less than five ten per cent. when compared with the result achieved by using the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, 8.8 (Same Optional Currency) and in Clause 8.9 (Prepayments and repayments) "ORIGINAL EXCHANGE RATEOriginal Exchange Rate" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Appears in 1 contract

Samples: Revolving Credit Facility (Vodafone Group Public LTD Co)

Same Optional Currency. (a) If a Tranche A Advance Loan is to be continued during its next Interest Period in the same Optional Currency as that in which it is denominated during its current Interest Period, there shall be calculated the difference between the amount of the Tranche A Advance such Loan (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Tranche A Advance such Loan for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Dollar Amount of the Tranche A Advance such Loan on the basis of the Agent's Spot Rate of Exchange two three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below):below):- (i) if the amount of the Tranche A Advance such Loan for the next Interest Period is less than for the preceding Interest Period, the Borrower shall repay the difference; or (ii) if the amount of the Tranche A Advance such Loan for the next Interest Period is greater, each Tranche A Bank shall forthwith make available to the Agent for the Borrower its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against Euro Dollars of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 12, 11 (Amount of Optional Currencies) "ORIGINAL EXCHANGE RATEOriginal Exchange Rate" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:following:-

Appears in 1 contract

Samples: Revolving Credit and Term Loan Facility (Cobe Laboratories Inc)

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