Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 8 contracts
Sources: Credit Agreement (SPX Corp), Credit Agreement (SPX Corp), Credit Agreement (SPX Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 8 contracts
Sources: Credit Agreement (Bruker Corp), Credit Agreement (Forest Laboratories Inc), Credit Agreement (Priceline Com Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable relevant Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 8 contracts
Sources: Credit Agreement (MTS Systems Corp), Credit Agreement (John Bean Technologies CORP), Credit Agreement (MTS Systems Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has provided letter of credit cover, or deposited cash collateral collateral, pursuant to Section 2.5(j)paragraph (j) above, if such letter of credit was issued, or cash collateral was deposited deposited, in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable any Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 7 contracts
Sources: Multicurrency Credit Agreement (Briggs & Stratton Corp), Five Year Credit Agreement (SNAP-ON Inc), Credit Agreement (Fiserv Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Facility Lender’s participation in any Alternative Currency Letter of Credit under which an LC L/C Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.
Appears in 6 contracts
Sources: Incremental Assumption Agreement (Momentive Specialty Chemicals Inc.), Amendment Agreement (Hexion Specialty Chemicals, Inc.), Credit Agreement (Hexion Specialty Chemicals, Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder.
Appears in 5 contracts
Sources: Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yellow Roadway Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has provided letter of credit cover, or deposited cash collateral collateral, pursuant to Section 2.5(j)paragraph (j) above, if such letter of credit was issued, or cash collateral was deposited deposited, in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable any Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount thereof, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 5 contracts
Sources: Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph clause (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph clause shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 5 contracts
Sources: Credit Agreement (Seagate Technology Holdings PLC), Fifth Amendment and Joinder Agreement (Seagate Technology Holdings PLC), Second Amendment and Joinder Agreement (Seagate Technology PLC)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIVIII, all amounts (i) that a the US Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Canadian Dollar Letter of Credit (other than amounts in respect of which such the US Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Currency Canadian Dollars to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Letter of Credit Issuer pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Currency Canadian Dollar Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Canadian Dollar Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the Spot Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Letter of Credit Issuer or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is the Borrowers are at the time or become thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars (other than amounts in respect of which such any Borrower has deposited cash collateral pursuant to Section 2.5(j)collateral, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or appliedcurrency), (ii) that the Domestic Revolving Lenders are at the time or become thereafter become required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter becomes required to distribute to the applicable Issuing Lender Bank) pursuant to paragraph (ef) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the LC Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (Trimble Inc.), Credit Agreement (Trimble Inc.), Credit Agreement (Trimble Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the U.S. Borrower is at the such time or thereafter becomes become required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the U.S. Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic U.S. Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of that constitute each Domestic U.S. Revolving Facility Lender’s 's participation in any Alternative Foreign Currency Letter of Credit under which an LC a L/C Disbursement has been made made, in each case, shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated determined using the Exchange Rates on calculated as of such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative an Agent, the applicable an Issuing Lender Bank or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Amendment and Restatement Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Holdings Corp), Amendment and Restatement Agreement (TRW Automotive Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 6.1, all amounts (i) that a any Borrower or any Additional Borrower is at the time time, or thereafter becomes becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which such Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.5(j2.18(i), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders Banks are at the time time, or thereafter become become, required to pay to the Administrative Agent and the Administrative Agent is at the time time, or thereafter becomes becomes, required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (eSection 2.18(e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency and (iii) of each Domestic Revolving LenderBank’s participation in any Alternative Currency Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender Revolving Bank in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.1, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements drawings made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)an L/C Backstop, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender L/C Issuer pursuant to paragraph clause (ec) of this Section 2.3 in respect of unreimbursed LC Disbursements drawings made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement a drawing has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange applicable Spot Rates on such date (or in the case of any LC Disbursement drawing made after such date, on the date such LC Disbursement drawing is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender L/C Issuer or any Lender in respect of the Obligations obligations described in this paragraph clause (l) shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Amendment No. 5 (Worldpay, Inc.), Amendment No. 4 (Vantiv, Inc.), Amendment and Restatement Agreement (Vantiv, Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Global Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Global Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (Burger King Worldwide, Inc.), Credit Agreement (Burger King Holdings Inc), Credit Agreement (Burger King Holdings Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (Photronics Inc), Credit Agreement (Photronics Inc), Credit Agreement (Photronics Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral Cash Collateral pursuant to Section 2.5(j)paragraph (j) or (k) above, if such cash collateral Cash Collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC L/C Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Asset Based Revolving Credit Agreement (Hexion Inc.), Amendment Agreement (Hexion Inc.), Amendment Agreement (Hexion Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (Varian Semiconductor Equipment Associates Inc), Credit Agreement (Lexmark International Inc /Ky/), Credit Agreement (Priceline Com Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 4 contracts
Sources: Credit Agreement (MATERION Corp), Credit Agreement (MATERION Corp), Credit Agreement (MATERION Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a any Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable relevant Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Crane Co /De/), Credit Agreement (Crane Co /De/), Credit Agreement (Crane Co /De/)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIVI or upon an Event of Default of the type described in clause (h) or (i) of Section 6.01 with respect to the Company, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Administrative Agent’s Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Credit Agreement (Masco Corp /De/), Credit Agreement (Masco Corp /De/), Credit Agreement (Masco Corp /De/)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar EquivalentAmount, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Credit Agreement (Quad/Graphics, Inc.), Credit Agreement (Quad/Graphics, Inc.), Credit Agreement (Quad/Graphics, Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 6.1, all amounts (i) that a the Borrower or any Additional Borrower is at the time time, or thereafter becomes becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which the Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.5(j2.18(i), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders Banks are at the time time, or thereafter become become, required to pay to the Administrative Agent and the Administrative Agent is at the time time, or thereafter becomes becomes, required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (eSection 2.18(e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency and (iii) of each Domestic Revolving LenderBank’s participation in any Alternative Currency Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender Bank in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIVIII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (l) of this Section, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Lenders pursuant to paragraph (eg) of this the Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Lenders or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 6.1, all amounts (i) that a any Borrower or any Additional Borrower is at the time time, or thereafter becomes becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which such Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.5(j2.18(i), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders Banks are at the time time, or thereafter become become, required to pay to the Administrative Agent and the Administrative Agent is at the time time, or thereafter becomes becomes, required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (eSection 2.18(e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency and (iii) of each Domestic Revolving LenderBank’s participation in any Alternative Currency Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender Bank in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Credit Agreement (Trane Technologies PLC), Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral Cash Collateral pursuant to Section 2.5(j)paragraph (j) or (k) above, if such cash collateral Cash Collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Tranche A Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Tranche A Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC L/C Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange applicable Spot Rates on such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Tranche A Lender in respect of the Obligations obligations described in this paragraph (n) shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Amendment Agreement (Momentive Performance Materials Inc.), Senior Secured Debtor in Possession and Exit Asset Based Revolving Credit Agreement (Momentive Performance Materials Inc.), Asset Based Revolving Credit Agreement (Momentive Performance Materials Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is the Borrowers are at the time or become thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars (other than amounts in respect of which such any Borrower has deposited cash collateral pursuant to Section 2.5(j)collateral, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or appliedcurrency), (ii) that the Domestic Revolving Lenders are at the time or become thereafter become required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter becomes required to distribute to the applicable Issuing Lender Bank) pursuant to paragraph (ef) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the LC Exchange Rates Rate on such the date that the Loans become immediately due and payable pursuant to Section 7.01 (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder.
Appears in 3 contracts
Sources: Credit Agreement (Westinghouse Air Brake Technologies Corp), Credit Agreement (Westinghouse Air Brake Technologies Corp), Credit Agreement (Westinghouse Air Brake Technologies Corp)
Conversion. (i) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Parent Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Parent Borrower has deposited cash collateral pursuant to Section 2.5(j2.5(j)(i), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (ee)(i) of this Section in respect of unreimbursed Financial LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an a Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Financial LC Disbursement made after such date, on the date such Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
(ii) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Foreign Trade Facility Agent in respect of Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)(ii), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Global Revolving Lenders are at the time or thereafter become required to pay to the Foreign Trade Facility Agent and the Foreign Trade Facility Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e)(ii) of this Section in respect of unreimbursed Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Global Revolving Lender’s participation in any Alternative Currency Letter of Credit under which a Non-Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Non-Financial LC Disbursement made after such date, on the date such Non-Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Foreign Trade Facility Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (SPX Corp), Credit Agreement (SPX Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Seagate Technology), Credit Agreement (Seagate Technology)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the U.S. Borrower is at the such time or thereafter becomes become required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the U.S. Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic U.S. Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of that constitute each Domestic U.S. Revolving Facility Lender’s participation in any Alternative L/C Disbursement made under a Foreign Currency Letter of Credit under which an LC Disbursement has been made Credit, in each case, shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated determined using the Exchange Rates on calculated as of such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative an Agent, the applicable an Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Johnson Outdoors Inc), Credit Agreement (Johnson Outdoors Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or becomes thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in Canadian Dollars, Euros or Pounds Sterling (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)collateral, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or appliedcurrency), (ii) that the Domestic Revolving Lenders are at the time or become thereafter become required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter becomes required to distribute to the applicable Issuing Lender Bank) pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in Canadian Dollars, Euros or Pounds Sterling and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit denominated in Canadian Dollars, Euros or Pounds Sterling under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the LC Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: First Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/), First Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Bruker Corp), Credit Agreement (Bruker Biosciences Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIVIII, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)this Agreement, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e) of this Section 2A.5 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (DDR Corp), Credit Agreement (Developers Diversified Realty Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has provided letter of credit cover, or deposited cash collateral collateral, pursuant to Section 2.5(j)paragraph (j) above, if such letter of credit was issued, or cash collateral was deposited deposited, in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable any Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount thereof, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (PENTAIR PLC), Credit Agreement (nVent Electric PLC)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the U.S. Borrower is at the such time or thereafter becomes become required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the U.S. Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic U.S. Revolving Facility Lenders 109 are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of that constitute each Domestic U.S. Revolving Facility Lender’s 's participation in any Alternative Foreign Currency Letter of Credit under which an LC a L/C Disbursement has been made made, in each case, shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated determined using the Exchange Rates on calculated as of such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative an Agent, the applicable an Issuing Lender Bank or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Facility Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC L/C Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange applicable Spot Rates on such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Amendment Agreement (Momentive Performance Materials Inc.), Credit Agreement (MPM Silicones, LLC)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a any Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Banks pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (G&k Services Inc), Credit Agreement (G&k Services Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the U.S. Borrower is at the such time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the U.S. Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic U.S. Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of that constitute each Domestic U.S. Revolving Facility Lender’s participation in any Alternative L/C Disbursement made under a Foreign Currency Letter of Credit under which an LC Disbursement has been made Credit, in each case, shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated determined using the Exchange Rates on calculated as of such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative an Agent, the applicable an Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable relevant Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the its Dollar Equivalent, calculated using the Exchange Rates Amount on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable relevant Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Mylan Inc.), Credit Agreement (Mylan Inc.)
Conversion. (i) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (iA) that a the U.S. Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the U.S. Borrower has deposited cash collateral pursuant to Section 2.5(j2.5(j)(i), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (iiB) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (eSection 2.5(e)(i) of this Section in respect of unreimbursed Financial LC Disbursements made under any Alternative Currency Letter of Credit and (iiiC) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an a Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Financial LC Disbursement made after such date, on the date such Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, Bank of America, in its capacity as the applicable Issuing Lender, or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
(ii) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (A) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Foreign Trade Facility Agent in respect of Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)(ii), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (B) that the Revolving Lenders are at the time or thereafter become required to pay to the Foreign Trade Facility Agent and the Foreign Trade Facility Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to Section 2.5(e)(ii) in respect of unreimbursed Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit and (C) of each Revolving Lender’s participation in any Alternative Currency Letter of Credit under which a Non-Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Non-Financial LC Disbursement made after such date, on the date such Non-Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Foreign Trade Facility Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 2 contracts
Sources: Credit Agreement (SPX Technologies, Inc.), Credit Agreement (SPX Technologies, Inc.)
Conversion. In the event that If the Loans become immediately due and payable on any date pursuant to Article VIIVIII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(q), if such cash collateral was deposited in the applicable Alternative Currency Available Foreign Currency, to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (eSection 2.05(h) of this Section above in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation Participation Interest in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, in each case automatically and with no further action required, be converted into the Dollar EquivalentAmount thereof, calculated using the Exchange Rates in effect on such date (or in the case of any LC Disbursement Disbursements made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Senior Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 8.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)clause (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph clause (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange applicable Spot Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph clause (k) shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Galleria Co.)
Conversion. (i) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (iA) that a the Parent Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Parent Borrower has deposited cash collateral pursuant to Section 2.5(j2.5(j)(i), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (iiB) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (ee)(i) of this Section in respect of unreimbursed Financial LC Disbursements made under any Alternative Currency Letter of Credit and (iiiC) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an a Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Financial LC Disbursement made after such date, on the date such Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, Bank of America, in its capacity as the applicable Issuing Lender, or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
(ii) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (A) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Foreign Trade Facility Agent in respect of Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)(ii), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (B) that the Global Revolving Lenders are at the time or thereafter become required to pay to the Foreign Trade Facility Agent and the Foreign Trade Facility Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e)(ii) of this Section in respect of unreimbursed Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit and (C) of each Global Revolving Lender’s participation in any Alternative Currency Letter of Credit under which a Non-Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Non-Financial LC Disbursement made after such date, on the date such Non-Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Foreign Trade Facility Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (SPX Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 6.1, all amounts (i) that a either Borrower or any Additional Borrower is at the time time, or thereafter becomes becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which such Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.5(j2.18(i), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders Banks are at the time time, or thereafter become become, required to pay to the Administrative Agent and the Administrative Agent is at the time time, or thereafter becomes becomes, required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (eSection 2.18(e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency and (iii) of each Domestic Revolving LenderBank’s participation in any Alternative Currency Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender Bank in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a any Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (International Rectifier Corp /De/)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the applicable Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the U.S. Borrower is at the such time or thereafter becomes become required to reimburse or otherwise pay to the Administrative Agent in respect of LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the U.S. Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic U.S. Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC L/C Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of that constitute each Domestic U.S. Revolving Facility Lender’s 's participation in any Alternative L/C Disbursement made under a Foreign Currency Letter of Credit under which an LC Disbursement has been made Credit, in each case, shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated determined using the Exchange Rates on calculated as of such date (or in the case of any LC L/C Disbursement made after such date, on the date such LC L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative an Agent, the applicable an Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due ---------- and payable on any date pursuant to Article VII, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s 's participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (SPX Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s 's participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent's currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Company or the applicable Foreign Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent or the relevant Global Agent, as applicable, in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Applicable Agent and the Administrative Applicable Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the Global Agents, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunderUS Dollars.
Appears in 1 contract
Sources: Credit Agreement (Schulman a Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIXI, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)this Agreement, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 3.5 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Unsecured Revolving Credit and Term Loan Agreement (First Industrial Realty Trust Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable relevant Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 8.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral Cash Collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral Cash Collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange applicable Spot Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph (k) shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.. CREDIT AGREEMENT, Page 68
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIVI or upon an Event of Default of the type described in clause (h) or (i) of Section 6.01 with respect to the Company, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of 262657 each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the Administrative Agent’s Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Masco Corp /De/)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIVIII, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)this Agreement, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e) of this Section 2A.5 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s 's participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Developers Diversified Realty Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, amount in Dollars (calculated using the applicable Exchange Rates Rate in effect on such date (date, or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of equal to such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. (i) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (iA) that a the Parent Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Parent Borrower has deposited cash collateral pursuant to Section 2.5(j2.5(j)(i), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (iiB) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph clause (ee)(i) of this Section above in respect of unreimbursed Financial LC Disbursements made under any Alternative Currency Letter of Credit Credit, and (iiiC) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an a Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Financial LC Disbursement made after such date, on the date such Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph clause (k)(i) shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
(ii) In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (A) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Foreign Trade Facility Agent in respect of Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)(ii), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (B) that the Global Revolving Lenders are at the time or thereafter become required to pay to the Foreign Trade Facility Agent and the Foreign Trade Facility Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to clause (e)(ii) above in respect of unreimbursed Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit, and (C) of each Global Revolving Lender’s participation in any Alternative Currency Letter of Credit under which a Non-Financial LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any Non-Financial LC Disbursement made after such date, on the date such Non-Financial LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Foreign Trade Facility Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this clause (k)(ii) shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (SPX FLOW, Inc.)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar EquivalentAmount, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and ----------- payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a the Cayman Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such the Cayman Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(j), if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s 's participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is the applicable Borrowers are at the time or become thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars (other than amounts in respect of which such any Borrower has deposited cash collateral pursuant to Section 2.5(j)collateral, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or appliedcurrency), (ii) that the Domestic Revolving Lenders are at the time or become thereafter become required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter becomes required to distribute to the applicable Issuing Lender Bank) pursuant to paragraph (ef) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars under which an LC Disbursement has been made 94 [[5866265v.11]] shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the LC Exchange Rates Rate on such the date that the Loans become immediately due and payable pursuant to Section 7.01 (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Westinghouse Air Brake Technologies Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 8.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect CREDIT AGREEMENT, Page 57 of which such Borrower has deposited cash collateral Cash Collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral Cash Collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange applicable Spot Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph (k) shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower is the Borrowers are at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shallmade, in each case shall automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the applicable Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Fuller H B Co)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is isBorrowers are at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shallmade, in each case shall automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the applicable Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Fuller H B Co)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the its Dollar EquivalentAmount, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Cytyc Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (k) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable an Issuing Lender Bank pursuant to paragraph (eh) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, in the case of each of clauses (i), (ii) and (iii) above, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates Administrative Agent’s currency exchange rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the applicable Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Fuller H B Co)
Conversion. In the event that If the Loans become immediately due and payable on any date pursuant to Article VIIVIII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such the Borrower has deposited cash collateral pursuant to Section 2.5(j2.05(t), if such cash collateral was deposited in the applicable Alternative Currency Available Foreign Currency, to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders or Credit-Linked LC Lenders, as the case may be, are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph Section 2.05(j) and (ek) of this Section above in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit Credit, and (iii) of each Domestic Revolving Lender’s participation or Credit-Linked LC Lenders, as the case may be, Participation Interest in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, in each case automatically and with no further action required, be converted into the Dollar EquivalentAmount thereof, calculated using the Exchange Rates in effect on such date (or in the case of any LC Disbursement Disbursements made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Lender in respect of the Senior Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the its Dollar Equivalent, calculated using the Exchange Rates Amount on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit and Guarantee Agreement (Mylan Laboratories Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a any Borrower is at the time or becomes thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which such the Parent Borrower has deposited cash collateral pursuant to Section 2.5(j)collateral, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or appliedcurrency), (ii) that the Domestic Revolving Global Tranche Lenders are at the time or become thereafter become required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter becomes required to distribute to the applicable Issuing Lender Bank) pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency and (iii) of each Domestic Revolving Global Tranche Lender’s participation in any Alternative Currency Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Global Tranche Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 6.1, all amounts (i) that a the Borrower or any Additional Borrower is at the time time, or thereafter becomes becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which the Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.5(j2.18(i), if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders Banks are at the time time, or thereafter become become, required to pay to the Administrative Agent and the Administrative Agent is at the time time, or thereafter becomes becomes, required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (eSection 2.18(e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in a Foreign Currency and (iii) of each Domestic Revolving LenderBank’s participation in any Alternative Currency Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender Bank in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIIXI, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)this Agreement, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section 3.5 in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Lender in respect of the Obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Company or the applicable Foreign Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent or the relevant Global Agent, as applicable, in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Applicable Agent and the Administrative Applicable Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, in each case, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the Global Agents, the applicable Issuing Lender Bank or any Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunderUS Dollars.
Appears in 1 contract
Sources: Credit Agreement (Schulman a Inc)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower is the Borrowers are at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shallmade, in each case shall automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the applicable Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Fuller H B Co)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Foreign Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender Bank pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Foreign Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Foreign Currency Letter of Credit under which an LC Disbursement has been made shallmade, in each case shall automatically and with no further action required, be converted into the Dollar EquivalentAmount, calculated using the applicable Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Fuller H B Co)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VIISection 7.01, all amounts (i) that a Borrower is the applicable Borrowers are at the time or become thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars (other than amounts in respect of which such any Borrower has deposited cash collateral pursuant to Section 2.5(j)collateral, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or appliedcurrency), (ii) that the Domestic Revolving Lenders are at the time or become thereafter become required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter becomes required to distribute to the applicable Issuing Lender Bank) pursuant to paragraph (ef) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit denominated in an LC Currency other than US Dollars under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the LC Exchange Rates Rate on such the date that the Loans become immediately due and payable pursuant to Section 7.01 (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable any Issuing Lender Bank or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder.
Appears in 1 contract
Sources: Credit Agreement (Westinghouse Air Brake Technologies Corp)
Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that a Borrower the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent Agent, in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower the Company has deposited cash collateral Cash Collateral pursuant to Section 2.5(j)paragraph (j) above, if such cash collateral Cash Collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Domestic Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Domestic Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an LC Disbursement has been made shall, in each case, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange Rates Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Lender or any Revolving Lender in respect of the Obligations obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunderU.S. Dollars.
Appears in 1 contract