Common use of Alternative Currencies Clause in Contracts

Alternative Currencies. (a) The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars, Any such request shall be subject to the approval of the Administrative Agent and the Issuing Lender.

Appears in 9 contracts

Samples: Credit Agreement (Nerdwallet, Inc.), Credit Agreement (Fastly, Inc.), Credit Agreement (Sprinklr, Inc.)

AutoNDA by SimpleDocs

Alternative Currencies. (a) The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”Dollars; provided 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 issuance of Letters of Credit, Any such request shall be subject to the approval of the Administrative Agent and the Issuing LenderL/C Issuers.

Appears in 2 contracts

Samples: Credit Agreement (Parker Drilling Co /De/), Assignment and Assumption (Parker Drilling Co /De/)

Alternative Currencies. (a) The Parent Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”Dollars; provided 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 issuance of Letters of Credit, Any such request shall be subject to the approval of the Administrative Agent and the Issuing LenderL/C Issuer that is to issue such Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/)

Alternative Currencies. (a) The Borrower may from time to time request that Letters the Issuing Lender issue a Letter of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”Dollars; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars. In the case of any such request, Any such request shall be subject to the approval of the Administrative Agent and the Issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Tractor Supply Co /De/), Credit Agreement (Tractor Supply Co /De/)

Alternative Currencies. (a) 11. The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars, Any such request shall be subject to the approval of the Administrative Agent and the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Fastly, Inc.)

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

Appears in 1 contract

Samples: Abl Credit Agreement (AFG Holdings, Inc.)

Alternative Currencies. (a) The Borrower may from time to time request that Letters of Credit (each a “Credit Extension”) be made or issued in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars, . Any such request shall be subject to the approval of the Administrative Agent and the Issuing LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Sprout Social, Inc.)

AutoNDA by SimpleDocs

Alternative Currencies. (a) The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”Dollars; provided 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 issuance of Letters of Credit, Any such request shall be subject to the approval of the Administrative Agent and the Issuing LenderL/C Issuer that is to issue such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Alternative Currencies. (a) The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars, Any Anyany such request shall be subject to the approval of the Administrative Agent and the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Yext, Inc.)

Alternative Currencies. (a) The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”Dollars; provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars, Any and each such request shall be subject to the approval of the Administrative Agent and the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (OMNICELL, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.