Common use of Currencies Generally Clause in Contracts

Currencies Generally. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful Currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. The Administrative Agent will determine the Spot Rates as of each applicable date required to be used for calculating the Dollar Equivalent of the Loans denominated in Agreed Foreign Currencies. In the case of a Spot Rate required to be calculated as of a Revaluation Date, such Spot Rate will become effective as of such Revaluation Date and will be the Spot Rate employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Borrower under Sections 5.01(a) and 5.01(b), or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any Currency (other than Dollars) for purposes of the Loan Documents will be such Dollar Equivalent amount as reasonably determined by the Administrative Agent based on the Spot Rate as of the last Revaluation Date. Wherever in this Agreement in connection with a Borrowing or Loan an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Dollar Equivalent. Without limiting the generality of the foregoing, for purposes of determining compliance with any basket in Sections 2.08(d), 5.08(c)(ii), 6.01(b), 6.01(e), 6.02(d), 6.03(e) or 6.04(g) of this Agreement, in no event shall the Borrower or any Obligor be deemed to not be in compliance with any such basket solely as a result of change in exchange rates.