Common use of Substitution of Currency Clause in Contracts

Substitution of Currency. (a) If a change in any Foreign 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 Term Rate, Alternative Currency Daily Rate and TIIE Rate) will be amended to the extent determined by the 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 Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred;

Appears in 3 contracts

Samples: Syndicated Facility Agreement (Sealed Air Corp/De), Reaffirmation Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)

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Substitution of Currency. (a) If a change in any Committed Foreign 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 definition of Term Rate, Alternative Currency Daily Rate and TIIE Eurocurrency 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 Lender Parties and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Foreign Currency had occurred;.” ; and

Appears in 1 contract

Samples: Credit Agreement (Digital Realty Trust, Inc.)

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