Multicurrency Facility definition

Multicurrency Facility means the Multicurrency Commitments and the extensions of credit made thereunder.

Multicurrency Facility the credit facility provided by the Multicurrency Facility Lenders to the Borrowers hereunder.

Multicurrency Facility means the facility provided by (a) the Multicurrency Lenders to make Multicurrency Loans to the Multicurrency Borrowers, (b) the Overdraft Line Bank to make Overdraft Loans to the Multicurrency Borrowers and (c) the Issuing Banks to Issue Letters of Credit for the account of the Multicurrency Borrowers, in each case on and after the Closing Date in accordance with the terms and conditions contained in this Agreement.

Examples of Multicurrency Facility in a sentence

• During the Commitment Period of the applicable Multicurrency Lenders for the Multicurrency Facility, the Company and any relevant Subsidiary Borrower may use the Multicurrency Commitments by borrowing, prepaying the Multicurrency Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

• To request Competitive Bids under the Multicurrency Facility, the Company or the relevant Subsidiary Borrower shall give the Administrative Agent written notice by delivery of a Competitive Bid Request not later than 12:00 Noon London time (A) four Business Days prior to the requested Borrowing Date, in the case of Eurocurrency Competitive Loans, or (B) one Business Day prior to the requested Borrowing Date, in the case of Fixed Rate Loans.

• The relevant Lenders agreeing to reallocate a portion of their Domestic Commitments, L/C Tranche Commitments or Brazilian Commitments, as applicable, to the Multicurrency Facility shall have such portion of their Domestic Commitment, L/C Tranche Commitments or Brazilian Commitments, as applicable, reallocated as provided in such notice.

• Notwithstanding anything in this clause (c) to the contrary, no Domestic Lender, L/C Tranche Lender or Brazilian Lender, as applicable, shall be obligated to reallocate any portion of its Domestic Commitments, L/C Tranche Commitments or Brazilian Commitments, as applicable, to the Multicurrency Facility unless such Lender agrees.

• Canadian Borrowers shall, within one Business Day of demand by any Canadian Fronting Bank or Agent from time to time, Cash Collateralize the Canadian LC Obligations of any Defaulting Lender that is a Multicurrency Facility Lender.

More Definitions of Multicurrency Facility

Multicurrency Facility means the facility provided by the Lender to make Loans to the Borrower in accordance with the terms and conditions contained in this Agreement.

Multicurrency Facility means the facility described in Sections 2.2(c) and 2.2(d) providing for Loans to Company by Multicurrency Facility Lenders in the aggregate principal amount of such Lenders' Multicurrency Facility Commitments.

Multicurrency Facility shall have the meaning assigned to such term in the definition of Facility.

Multicurrency Facility as defined in the definition of "Facility" in this Section 1.1.

Multicurrency Facility means the facility provided hereunder by the Multicurrency Lenders to make Multicurrency Loans in an amount not to exceed the Commitment Amount.

Multicurrency Facility means, at any time, the aggregate amount of the Multicurrency Revolving Lenders' Multicurrency Revolving Commitments at such time.

Multicurrency Facility is amended to add the phrase "from the Closing Date to the First Amendment Effective Date" immediately following the reference therein to "Multicurrency Borrower".