Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 4 contracts
Samples: 364 Day Credit Agreement (Honeywell International Inc), 364 Day Credit Agreement (Honeywell International Inc), 364 Day Credit Agreement (Honeywell International Inc)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 3 contracts
Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)
Substitution of Currency. If a change in any Alternative the Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders Banks and the Company Borrower in the same position, so far as possible, that they would have been in if no change in such Alternative the Committed Currency had occurred.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Solventum Corp), Credit Agreement (3m Co)
Substitution of Currency. If a change in any Alternative Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Committed Currency had occurred.
Appears in 2 contracts
Samples: Five Year Credit Agreement (Eastman Chemical Co), Credit Agreement (Eastman Chemical Co)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 1 contract
Samples: Credit Agreement (Corning Inc /Ny)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrower in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 1 contract
Substitution of Currency. If a change in any Alternative Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrowers) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Committed Currency had occurred.
Appears in 1 contract
Samples: Credit Agreement (At&t Inc.)