Unavailability of a currency. If before the Specified Time: (a) a Lender notifies the Agent that the Optional Currency requested is not readily available to it in the amount required; or (b) a Lender notifies the Agent that compliance with its obligation to participate in a Loan in the proposed Optional Currency would contravene a law or regulation applicable to it, the Agent will give notice to the relevant Borrower or the Company to that effect by the Specified Time. In this event, any Lender that gives notice pursuant to this clause 6.2 will be required to participate in the Loan in the Base Currency (in an amount equal to that Lender's proportion of the Base Currency Amount or, in respect of a Rollover Loan, an amount equal to that Xxxxxx's proportion of the Base Currency Amount of the Rollover Loan that is due to be made) and its participation will be treated as a separate Loan denominated in the Base Currency during that Interest Period.
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Samples: Facilities Agreement
Unavailability of a currency. If before the Specified TimeTime on any Quotation Day:
(a) a Lender Bank notifies the Agent that the Optional Currency requested is not readily available to it in the amount required; or
(b) a Lender Bank notifies the Agent that compliance with its obligation to participate in a Loan in the proposed Optional Currency would contravene a law or regulation applicable to it, the Agent will give notice to the relevant Borrower or the Company to that effect by the Specified TimeTime on that day. In this event, any Lender Bank that gives notice pursuant to this clause 6.2 Clause 6.3 will be required to participate in the Loan in the Base Currency (in an amount equal to that LenderBank's proportion of the Base Currency Amount or, in respect of a Rollover Loan, an amount equal to that XxxxxxBank's proportion of the Base Currency Amount of the Rollover maturing Loan that is due to be maderepaid) and its participation will be treated as a separate Loan denominated in the Base Currency during that Interest Period.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Wolseley PLC)
Unavailability of a currency. If before the Specified TimeTime on any Quotation Day:
(a) a Lender Bank notifies the Agent that the Optional Currency requested is not readily available to it in the amount required; or
(b) a Lender Bank notifies the Agent that compliance with its obligation to participate in a Loan in the proposed Optional Currency would contravene a law or regulation applicable to it, the Agent will give notice to the relevant Borrower or the Company to that effect by the Specified TimeTime on that day. In this event, any Lender Bank that gives notice pursuant to this clause 6.2 Clause 6.3 will be required to participate in the Loan in the Base Currency (in an amount equal to that Lender's Bank’s proportion of the Base Currency Amount or, in respect of a Rollover Loan, an amount equal to that Xxxxxx's Bank’s proportion of the Base Currency Amount of the Rollover maturing Loan that is due to be maderepaid) and its participation will be treated as a separate Loan denominated in the Base Currency during that Interest Period.. Back to Contents
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Wolseley PLC)
Unavailability of a currency. If before the Specified Time:
(a) a Lender Bank notifies the Agent that the Optional Currency requested is not readily available to it in the amount required; or
(b) a Lender Bank notifies the Agent that compliance with its obligation to participate in a Loan Guarantee in the proposed Optional Currency would contravene a law or regulation applicable to it, the Agent will give notice to the relevant Borrower or the Company to that effect by the Specified TimeTime on that day. In this event, any Lender Bank that gives notice pursuant to this clause 6.2 Clause 7.2 will be required to participate in the Loan Guarantee in the Base Currency (in an amount equal to that Lender's Bank’s proportion of the Base Currency Amount or, in respect of a Rollover Loan, Renewal Request an amount equal to that Xxxxxx's Bank’s proportion of the Base Currency Amount of the Rollover Loan maturing Guarantee that is due to be made) and its participation will be treated as a separate Loan Guarantee denominated in the Base Currency during that Interest Guarantee Period.
Appears in 1 contract
Samples: Multicurrency Guarantee Facility Agreement (Acergy S.A.)
Unavailability of a currency. If before the Specified Time:
(aA) a Lender notifies the Agent that the Optional Currency requested is not readily available to it in the amount required; or
(bB) a Lender notifies the Agent that compliance with its obligation to participate in a Loan in the proposed Optional Currency would contravene a law or regulation applicable to it, the Agent will give notice to the relevant Borrower or the Company to that effect by the Specified Time. In this event, any Lender that gives notice pursuant to this clause Clause 6.2 will be required to participate in the Loan in the Base Currency (in an amount equal to that Lender's ’s proportion of the Base Currency Amount orAmount, or in respect of a Rollover Loan, an amount equal to that Xxxxxx's ’s proportion of the Base Currency Amount of the Rollover Loan that is due to be made) and its participation will be treated as a separate Loan denominated in the Base Currency during that Interest Period.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Endava PLC)