Common use of Alternative Currencies Clause in Contracts

Alternative Currencies. If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business Days after receipt of such notice, the Company shall prepay Revolving Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 4 contracts

Samples: Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc)

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Alternative Currencies. If the Administrative Agent notifies the Company Borrower at any time that the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business Days after receipt of such notice, the Company Borrower shall prepay Revolving Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 2 contracts

Samples: Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (Coherent Inc)

Alternative Currencies. If the Revolving Facility Administrative Agent notifies the Company at any time that the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business Days after receipt of such notice, the Company shall prepay Revolving Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 2 contracts

Samples: Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc)

Alternative Currencies. If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Revolving Loans and L/C Obligations denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two (2) Business Days after receipt of such notice, the Company Borrowers shall prepay Revolving Loans and/or Cash Collateralize Letters of Credit in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Focus Financial Partners Inc.)

Alternative Currencies. If the Administrative Agent notifies the Company Borrowers at any time that the Outstanding Amount Dollar Equivalent of the aggregate amount of all Revolving Loans and Letter of Credit Obligations denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two (2) Business Days after receipt of such notice, the Company Borrowers shall prepay Revolving Loans in an aggregate amount sufficient to reduce such Outstanding Amount amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 1 contract

Samples: Credit Agreement (ICF International, Inc.)

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Alternative Currencies. If the Administrative Agent notifies the Company on behalf of the Borrowers at any time that the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business Days five (5) days after receipt of such notice, the Company Borrowers shall prepay Revolving Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Alternative Currencies. If the Administrative Agent notifies the Company Borrower at any time that the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two (2) Business Days after receipt of such notice, the Company Borrower shall prepay Revolving Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Alternative Currencies. If the Administrative Agent notifies the Company at any time that the Dollar Equivalent of the Outstanding Amount of all Revolving Committed Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105110% of the Alternative Currency Multicurrency Sublimit then in effect, then, within two five Business Days after receipt of such notice, the Company shall prepay Revolving Committed Loans in an aggregate amount sufficient to reduce such Outstanding Amount of Committed Loans as of such date of payment to an amount not to exceed 100% of the Alternative Currency Multicurrency Sublimit then in effect.

Appears in 1 contract

Samples: Credit Agreement (Clear Channel Communications Inc)

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