Examples of Multicurrency Commitment Percentage in a sentence
At any time after any Multicurrency Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Multicurrency Lender its Multicurrency Commitment Percentage thereof in the same funds as those received by the Swing Line Lender.
In consideration and in furtherance of the foregoing, each Multicurrency Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Multicurrency Commitment Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Company on the date due as provided in paragraph (e) of this Section or of any reimbursement payment required to be refunded to the Company for any reason.
Immediately upon the making of a Swing Line Loan, each Multicurrency Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Multicurrency Lender’s Multicurrency Commitment Percentage times the amount of such Swing Line Loan.
All Revolving Credit Loans shall be made by the Lenders on a pro-rata basis in accordance with their respective Revolving Credit Commitment Percentages (or in accordance with their Multicurrency Commitment Percentage for Multicurrency Loans).
Such notice shall set forth the amount of the requested increase in the total Multicurrency Commitments and the date on which such increase is requested to become effective (which shall be not less than 30 Business Days or more than 60 days after the date of such notice), and may offer each applicable Multicurrency Lender the opportunity to increase its Multicurrency Commitment by its Multicurrency Commitment Percentage of the proposed increased amount.