Common use of Substitution of Currency Clause in Contracts

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Borrower Representative) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 16.5.

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable lawLaw, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, clauses (a) and (c) of the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Paying Agent (acting reasonably and in consultation with the Borrower RepresentativeTimken) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 16.5.

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-multi- national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Borrower Representative) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 16.5.

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable lawLaw, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Paying Agent (acting reasonably and in consultation with the Borrower RepresentativeBorrower) to be necessary to reflect the change in currency and to put the Lenders 93Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 16.5.10.19

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Designated Agent (acting reasonably and reasonably, in consultation with the Borrower Representativeand in accordance with the terms of Section 9.01) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 16.5.75 SECTION 9.14