Common use of Utilization of Commitments in Offshore Currencies; Valuation Clause in Contracts

Utilization of Commitments in Offshore Currencies; Valuation. (a) The Administrative Agent will determine the Dollar Equivalent amount of each Eurodollar Loan and each Letter of Credit denominated in a currency other than Dollars on each Computation Date, and such determination shall be conclusive absent demonstrable error. The Administrative Agent will provide the Company with the amount so determined upon request and, in any event, promptly following the end of each month.

Appears in 4 contracts

Samples: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp), Assignment Agreement (Regal Beloit Corp)

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Utilization of Commitments in Offshore Currencies; Valuation. (a) The Administrative Agent will determine the Dollar Equivalent amount of each Eurodollar Offshore Rate Loan and each Letter of Credit denominated in a currency other than Dollars on each Computation Date, and such determination shall be conclusive absent demonstrable error. The Administrative Agent will provide the Company with the amount so determined upon request and, in any event, promptly following the end of each month.

Appears in 3 contracts

Samples: Credit Agreement (Oshkosh Corp), Credit Agreement (Oshkosh Corp), Credit Agreement (Oshkosh Corp)

Utilization of Commitments in Offshore Currencies; Valuation. (a) The Administrative Agent will determine the Dollar Equivalent amount of each Eurodollar Offshore Rate Loan and each Letter of Credit denominated in a currency other than Dollars on each Computation Date, and such determination shall be conclusive absent demonstrable error. The Administrative Agent will provide the Company with the amount so determined upon request and, in any event, promptly following the end of each month.

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

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Utilization of Commitments in Offshore Currencies; Valuation. (ab) The Administrative Agent will determine the Dollar Equivalent amount of each Eurodollar Loan and each Letter of Credit denominated in a currency other than Dollars on each Computation Date, and such determination shall be conclusive absent demonstrable error. The Administrative Agent will provide the Company with the amount so determined upon request and, in any event, promptly following the end of each month.

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

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