Common use of Utilization of Offshore Currencies Clause in Contracts

Utilization of Offshore Currencies. In the case of a proposed Issuance of a Letter of Credit denominated in an Offshore Currency, the applicable Issuer shall be under no obligation to issue such Letter of Credit if such Issuer cannot issue Letters of Credit denominated in the requested Offshore Currency, in which event such Issuer will give notice to the Company no later than 10:30 a.m. (local time) on the third Business Day prior to the date of such issuance that the Issuance in the requested Offshore Currency is not then available. If the applicable Issuer shall have so notified the Company that any such Issuance in a requested Offshore Currency is not then available, then such requested Letter of Credit shall not be issued unless the Company, by notice to such Issuer not later than 5:00 p.m. (local time) three Business Days prior to the requested date of such Issuance, requests that the Letter of Credit be denominated in Dollars and issued in an equivalent aggregate amount, in which case the Letter of Credit shall be so denominated and issued.

Utilization of Offshore Currencies. In the case of a proposed Issuance of a Letter of Credit denominated in an Offshore Currency, the applicable Issuer shall be under no obligation to issue such Letter of Credit if such the applicable Issuer cannot issue Letters of Credit denominated in the requested Offshore Currency, in which event such the Issuer will give notice to the Company no later than 10:30 a.m. (local time) on the third Business Day prior to the date of such issuance that the Issuance in the requested Offshore Currency is not then available. If the applicable Issuer shall have so notified the Company that any such Issuance in a requested Offshore Currency is not then available, then such requested Letter of Credit shall not be issued unless the Company, by notice to such the applicable Issuer not later than 5:00 p.m. (local time) three Business Days prior to the requested date of such Issuance, requests that the Letter of Credit be denominated in Dollars and issued in an equivalent aggregate amount, in which case the Letter of Credit shall be so denominated and issued.

Utilization of Offshore Currencies. In the case of a proposed Issuance issuance of a Letter of Credit denominated in an Offshore Currency, the applicable Issuer an Issuing Lender shall be under no obligation to issue such Letter of Credit if such Issuer Issuing Lender cannot issue Letters of Credit denominated in the requested Offshore Currency, in which event such Issuer Issuing Lender will give notice to the Company no later than 10:30 a.m. (local timeLocal Time) on the third Business Day prior to the date of such issuance that the Issuance issuance in the requested Offshore Currency is not then available. If the applicable Issuer Issuing Lender shall have so notified the Company that any such Issuance issuance in a requested Offshore Currency is not then available, then such requested Letter of Credit shall not be issued unless the Company, by notice to such Issuer Issuing Lender not later than 5:00 p.m. (local timeLocal Time) three Business Days prior to the requested date of such Issuanceissuance, requests that the Letter of Credit be denominated in Dollars and issued in an equivalent aggregate amount, in which case the Letter of Credit shall be so denominated and issued.

Utilization of Offshore Currencies. In the case of a proposed Issuance issuance of a Letter of Credit denominated in an Offshore Currency, the applicable Issuer Issuing Bank shall be under no obligation to issue such Letter of Credit if such Issuer the Issuing Bank cannot issue Letters of Credit denominated in the requested Offshore Currency, in which event such Issuer the Issuing Bank will give notice to the Company no later than 10:30 a.m. (local time) on the third Business Day prior to the date of such issuance that the Issuance issuance in the requested Offshore Currency is not then available. If the applicable Issuer Issuing Bank shall have so notified the Company that any such Issuance issuance in a requested Offshore Currency is not then available, then such requested Letter of Credit shall not be issued unless the Company, by notice to such Issuer the Issuing Bank not later than 5:00 p.m. (local time) three Business Days prior to the requested date of such Issuanceissuance, requests that the Letter of Credit be denominated in Dollars and issued in an equivalent aggregate amount, in which case the Letter of Credit shall be so denominated and issued.

Utilization of Offshore Currencies. In the case of a proposed Issuance issuance of a Letter of Credit denominated in an Offshore Currency, the applicable Issuer an Issuing Bank shall be under no obligation to issue such Letter of Credit if such Issuer Issuing Bank cannot issue Letters of Credit denominated in the requested Offshore Currency, in which event such Issuer Issuing Bank will give notice to the Company no later than 10:30 a.m. (local time) on the third Business Day prior to the date of such issuance that the Issuance issuance in the requested Offshore Currency is not then available. If the applicable Issuer Issuing Bank shall have so notified the Company that any such Issuance issuance in a requested Offshore Currency is not then available, then such requested Letter of Credit shall not be issued unless the Company, by notice to such Issuer Issuing Bank not later than 5:00 p.m. (local time) three Business Days prior to the requested date of such Issuanceissuance, requests that the Letter of Credit be denominated in Dollars and issued in an equivalent aggregate amount, in which case the Letter of Credit shall be so denominated and issued.