Multicurrency Working Capital Facility definition

Multicurrency Working Capital Facility the Multicurrency Working Capital Facility Commitments and the extensions of credit thereunder.

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Multicurrency Working Capital Facility the Multicurrency Working Capital Facility Commitments and the extensions of credit thereunder. “Multicurrency Working Capital Facility Commitment”: at any date, as to any Multicurrency Working Capital Facility Lender, the obligation of such Multicurrency Working Capital Facility Lender to make Multicurrency Working Capital Facility Loans to the Borrowers pursuant to Section 2.1(b) and to participate in Multicurrency Swing Line Loans and Multicurrency Working Capital Facility Letters of Credit in an aggregate principal and/or face amount at any one time outstanding not to exceed the amount set forth opposite such Multicurrency Working Capital Facility Lender’s name on Schedule 1.0 under the caption “Multicurrency Working Capital Facility Commitment” or, as the case may be, in the Assignment and Acceptance pursuant to which such Multicurrency Working Capital Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the RestatementAmendment Effective Date, the original aggregate amount of the Multicurrency Working Capital Facility Commitments is $120,000,000100,000,000. “Multicurrency Working Capital Facility Commitment Percentage”: as to any Multicurrency Working Capital Facility Lender at any time, the percentage which such Multicurrency Working Capital Facility Lender’s Multicurrency Working Capital Facility Commitment then constitutes of the aggregate Multicurrency Working Capital Facility Commitments of all Multicurrency Working Capital Facility Lenders at such time (or, at any time after the Multicurrency Working Capital Facility Commitments shall have expired or terminated, such Multicurrency Working Capital Facility Lenders’

Multicurrency Working Capital Facility. Letters of Credit”), for the account of the applicable Borrower requesting the applicable Multicurrency Working Capital Facility Letter of Credit, for use by the U.S. Borrower, the Canadian Borrower or any other Loan Party from time to time during the Multicurrency Working Capital Facility Commitment Period and (B) each Dollar Working Capital Facility Uncommitted Tranche Issuing Lender severally agrees, on an UNCOMMITTED AND ABSOLUTELY DISCRETIONARY basis, to consider requests for the issuance letters of credit (“Dollar Working Capital Facility Uncommitted Tranche Letters of Credit”), for the account of the applicable Borrower requesting the applicable Dollar Working Capital Facility Uncommitted Tranche Letter of Credit, for use by the U.S. Borrower, the Canadian Borrower or any other Loan Party from time to time during the Dollar Working Capital Facility Uncommitted Tranche Period; provided that, after giving effect to any Working Capital Facility Letter of Credit requested by any Borrower: each of the conditions set forth in Section 6.2 shall be satisfied or waived;(i) and Section 3.4 shall not be contravened by any Loan Party at any time.

Examples of Multicurrency Working Capital Facility in a sentence

• Each Multicurrency Working Capital Facility Letter of Credit is to be denominated only in United States Dollars or Canadian Dollars (as the applicable Borrower shall notify the applicable Agent and the applicable Issuing Lender in accordance with Section 3.3(a)).

• If any Shares or shares of Preferred Stock become eligible for sale pursuant to Rule 144(k) or any similar or successor provision, the Corporation shall, upon the request of the holder of such Shares or shares of Preferred Stock pursuant to this Agreement, remove the legend set forth in Section 4.2(i)(I) from the certificates for such Shares or shares of Preferred Stock.

• Each Multicurrency Working Capital Facility Letter of Credit is to be denominated only in United States Dollars or Canadian Dollars (as the applicable Borrower shall notify the Administrative Agent and the applicable Issuing Lender in accordance with 3.3(a)).

• The proceeds of such Dollar Working Capital Facility Loans or Multicurrency Working Capital Facility Loans, as applicable, shall be immediately applied to repay the Refunded Swing Line Loans.

• During the Multicurrency Working Capital Facility Commitment Period, the Borrowers may use the Multicurrency Swing Line Loan Sub-Limit by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof.

• If the amount of such prepayment by any Borrower is greater than the outstanding amount of such Borrower’s Multicurrency Swing Line Loans and Multicurrency Working Capital Facility Loans that are Base Rate Loans or Prime Rate Loans at the time such prepayment is made, the Administrative Agent or Canadian Agent, as applicable, shall promptly remit the excess to such Borrower.

• Each Multicurrency Working Capital Facility Lender shall pay to the Administrative Agent for the account of the applicable Multicurrency Swing Line Lender in immediately available funds such Multicurrency Working Capital Facility Lender’s Multicurrency Swing Line Participation Amount, and upon receipt thereof, the Administrative Agent shall promptly distribute such funds to the applicable Multicurrency Swing Line Lender in like funds received.

• Effective upon the Increase Effective Date, the [Dollar Working Capital Facility] [Multicurrency Working Capital Facility] [Acquisition Facility] Commitment for each Increasing Lender and each New Lender shall be as set forth on Schedule 1.01.

• Each such recordation shall constitute prima facie evidence of the accuracy of the information so recorded; provided that, failure of the Multicurrency Working Capital Facility Lender to make any such recordation (or any error in such recordation) shall not affect the obligations of any Borrower under this Note or under the Credit Agreement.

• Facility Assigned Aggregate Amount of Commitment/Loans/ Obligations for all Lenders Amount of Commitment/Loans/ Obligations Assigned Percentage Assigned of Commitment/Loans/ Obligations2 Dollar Working Capital Facility Commitment $ $ % Multicurrency Working Capital Facility Commitment $ $ % Acquisition Facility Commitment $ $ % Effective Date: , 201 [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 1 Select as applicable.

More Definitions of Multicurrency Working Capital Facility

Multicurrency Working Capital Facility the Multicurrency Working Capital Facility Commitments and the extensions of credit thereunder. “Multicurrency Working Capital Facility Commitment”: at any date, as to any Multicurrency Working Capital Facility Lender, the obligation of such Multicurrency Working Capital Facility Lender to make Multicurrency Working Capital Facility Loans to the Borrowers USActive 56005294.156005294.9 -80-

Multicurrency Working Capital Facility. Letters of Credit”), for the account of the applicable Borrower requesting the applicable Multicurrency Working Capital Facility Letter of Credit, for use by the U.S. Borrower, the Canadian Borrower or any other Loan Party from time to time during the Multicurrency Working Capital Facility Commitment Period and (B) each