Common use of Additional Alternative Currencies Clause in Contracts

Additional Alternative Currencies. (a) The Borrower may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

Appears in 7 contracts

Samples: Credit Agreement (CEB Inc.), Credit Agreement (Corporate Executive Board Co), Credit Agreement (Corporate Executive Board Co)

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Additional Alternative Currencies. (a) The Borrower Representative (on behalf of any Additional Revolving Borrower) may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into DollarsEuros. In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and and, in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuing Lender.

Appears in 5 contracts

Samples: Credit Agreement (CLARIVATE PLC), Credit Agreement (CLARIVATE PLC), Credit Agreement (CLARIVATE PLC)

Additional Alternative Currencies. (a) The Borrower may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; ;” provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars). In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuers.

Appears in 3 contracts

Samples: Credit Agreement (Clear Channel Outdoor Holdings, Inc.), Credit Agreement (Clear Channel Outdoor Holdings, Inc.), Credit Agreement (Clear Channel Outdoor Holdings, Inc.)

Additional Alternative Currencies. (a) The Borrower may from time to time request that Revolving Credit Alternative Currency Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; ;” provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollarsan Eligible Currency. In the case of any such request with respect to the making of Revolving Credit Alternative Currency Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

Appears in 3 contracts

Samples: Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc)

Additional Alternative Currencies. (a) The Any Borrower may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Euros or Dollars. In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and and, in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

Appears in 2 contracts

Samples: Credit Agreement (Atotech LTD), Credit Agreement (Atotech LTD)

Additional Alternative Currencies. (a) The Borrower Company may from time to time request that Revolving Credit Committed Loans be made and/or Letters of Credit be issued, in each case in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into DollarsDollars in the international interbank market available to the Lenders and as to which a Dollar Equivalent may be readily calculated. In the case of any such request with respect to the making of Revolving Credit Committed Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenderseach Lender; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuers.

Appears in 2 contracts

Samples: Credit Agreement (Revvity, Inc.), Credit Agreement (Perkinelmer Inc)

Additional Alternative Currencies. (a) The Borrower Borrowers may from time to time request that Revolving Credit Loans to be made in a currency other than those specifically listed in the definition of “an Alternative Currency” Currency be made and/or Fronted Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Revolving Credit LoansLoans in such requested currency, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit affected Lenders; and in the case of any such request with respect to the issuance of Fronted Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issueraffected Fronting Banks.

Appears in 2 contracts

Samples: Credit Agreement (Arch Capital Group Ltd.), Credit Agreement (Arch Capital Group Ltd.)

Additional Alternative Currencies. (a) The Borrower Company may from time to time request that Revolving Credit Libor Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that (i) such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into DollarsDollars and (ii) such requested currency shall only be treated as a “Libor Quoted Currency” to the extent that there is a published Libor Rate for such currency. In the case of any such request with respect to the making of Revolving Credit Libor Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenderseach Lender; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

Appears in 2 contracts

Samples: Credit Agreement (Allied Motion Technologies Inc), Credit Agreement (Allied Motion Technologies Inc)

Additional Alternative Currencies. (a) The Borrower may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”Dollars; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving B Lenders obligated to make Credit LendersExtensions in such currency; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (ModivCare Inc)

Additional Alternative Currencies. (a) The Borrower Parent may from time to time request that Revolving Credit Loans and/or US Swing Line Loans be made made, and/or Letters of Credit be issued, in a currency other than those specifically listed in the definition of “Alternative Currency;and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than US Dollars) that is readily available and freely transferable and convertible into US Dollars. In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; in the case of any such request with respect to the making of US Swing Line Loans, such request shall be subject to the approval of the Administrative Agent and the US Swing Line Lender; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuers.

Appears in 1 contract

Samples: Credit Agreement (Brightpoint Inc)

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Additional Alternative Currencies. (a) The Borrower Borrowers may from time to time request that Revolving Credit Loans to be made as Alternative Currency Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those Dollars or a currency that is specifically listed in the definition of “Alternative L/C Currency”; ;” provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollarsan Eligible Currency. In the case of any such request with respect to the making of Revolving Credit Loans as Alternative Currency Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenderseach Alternative Currency Tranche Lender; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuer issuing such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Additional Alternative Currencies. (a) The Borrower Company may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that (i) such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into DollarsDollars and (ii) such requested currency shall only be a LIBOR Quoted Currency to the extent that there is published LIBOR rate for such currency. In the case of any such request with respect to the making of Revolving Credit Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Lenders that would be obligated to make Credit LendersExtensions denominated in such requested currency; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Navigant Consulting Inc)

Additional Alternative Currencies. (a) The Borrower may from time to time request that Revolving Credit Alternative Currency Rate Loans be made and/or Letters of Credit be issued under the Revolving Credit Facility in a currency other than those specifically listed in the definition of “Alternative Currency;and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Revolving Credit Alternative Currency Rate Loans, such request shall be subject to the approval of the Administrative Agent and and, in the case of the Revolving Credit Facility, the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the each applicable L/C Issuer.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Kbr, Inc.)

Additional Alternative Currencies. (a) The Administrative Borrower may from time to time after the Closing Date request that Revolving Credit Loans that are Eurodollar Rate Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency” and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; ;” provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Revolving Credit Loans that are Eurodollar Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuers.

Appears in 1 contract

Samples: Credit Agreement (Alexion Pharmaceuticals Inc)

Additional Alternative Currencies. (a) The Borrower may from time to time request that Advances be made, and/or Letters of Credit be issued, under the Revolving Credit Loans be made Facility in a currency other than those specifically listed in the definition of “Alternative Currency;and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative L/C Currency”; provided in each case that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Revolving Credit LoansAdvances, such request shall be subject to the approval of the Administrative Agent and each of the Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C IssuerIssuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

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