Selection of currency. A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.
Selection of currency. (a) A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan:
(i) (in the case of an initial Utilisation) in a Utilisation Request; and
(ii) (afterwards, in relation to a Term Loan made to it) in a Selection Notice.
(b) If a Borrower (or the Company on behalf of a Borrower) fails to issue a Selection Notice or fails to select the currency of a Loan in a Selection Notice in relation to a Term Loan, it shall be deemed to have requested that the Loan will remain denominated for its next Interest Period in the same currency in which it is then outstanding.
(c) If a Borrower (or the Company on behalf of a Borrower) issues a Selection Notice requesting a change of currency and the first day of the requested Interest Period is not a Business Day for the new currency, the Facility Agent shall promptly notify the Borrower and the Lenders and the Loan will remain in the existing currency (with Interest Periods running from one Business Day until the next Business Day) until the next day which is a Business Day for both currencies, on which day the requested Interest Period will begin.
Selection of currency. A Borrower (or the Parent on behalf of a Borrower) shall select the currency of a Utilisation in a Utilisation Request.
Selection of currency. A Borrower (or the Company on its behalf) shall select the currency of a Revolving Facility Utilisation in a Utilisation Request.
Selection of currency. Each Borrower under the Revolving Facility shall select the currency of a Revolving Facility Advance made to it (which shall be Sterling, Dollars, euro or an Optional Currency) in the Utilisation Request relating to the relevant Revolving Facility Advance.
Selection of currency. The Borrower shall select the currency of an Advance in a Utilisation Request.
Selection of currency. (a) The Borrower shall select the currency of a Loan:
(i) (in the case of an initial Utilisation) in a Utilisation Request; and
(ii) (afterwards in relation to a Term Loan made to it) in a Selection Notice, in each case delivered by the Specified Time.
(b) If the Borrower fails to issue a Selection Notice in relation to a Loan, the Loan will remain denominated for its next Interest Period in the same currency in which it is then outstanding. If the Borrower issues a Selection Notice requesting a change of currency and the first day of the requested Interest Period is not a Business Day for the new currency, the Agent shall promptly notify the Borrower and the Lenders and the Loan will remain in the then existing currency (with Interest Periods running from one Business Day until the next Business Day) until the next day which is a Business Day for both currencies, on which day the requested Interest Period will begin.
Selection of currency. The Borrower may from time to time select in a written notice to the Agent given not later than 11.00am on the Quotation Day for the relevant Interest Period that the Facility shall be denominated for the next Interest Period (which may include the first Interest Period) in an Optional Currency.
Selection of currency. (a) A Borrower (or the Company on behalf of a Borrower) shall select the currency of the Loan:
(i) (in the case of an initial Utilisation) in a Utilisation Request; and
(ii) (afterwards) in a Selection Notice.
(b) If a Borrower (or the Company on behalf of a Borrower) fails to issue a Selection Notice in relation to a Loan, it shall be deemed to have requested that the Loan will remain denominated for its next Interest Period in the same currency in which it is then outstanding.
(c) If a Borrower (or the Company on behalf of a Borrower) issues a Selection Notice requesting a change of currency and the first day of the requested Interest Period is not a Business Day for the new currency, the Facility Agent shall promptly notify the Borrower and the Lenders and the Loan will remain in the existing currency (with Interest Periods running from one Business Day until the next Business Day) until the next day which is a Business Day for both currencies, on which day the requested Interest Period will begin.
