Currency Exchange Fluctuations. Multicurrency Revolving Loans shall be prepaid as necessary at any time when currency exchange fluctuations cause (i) the total Multicurrency Revolving Credit Exposure at such time to exceed the total amount of the Multicurrency Revolving Commitments or (ii) the total Revolving Credit Exposure at such time to exceed the total amount of the Revolving Commitments.
Currency Exchange Fluctuations. Subject to Section 3.02, if on any Computation Date the Administrative Agent or the Canadian Administrative Agent shall have determined that (a) the Total Outstandings exceed the Aggregate Commitments by more than $3,000,000, or (b) the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by more than $3,000,000, in either event due to a change in applicable rates of exchange between Dollars and Canadian Dollars, then the Administrative Agent shall give notice to the Borrowers that a prepayment is required under this Section 2.14, and the Borrowers agree thereupon to make prepayments of Loans such that, after giving effect to such prepayment, the Total Outstandings do not exceed the Aggregate Commitments and the Total Canadian Outstandings do not exceed the Aggregate Canadian Commitments. No prepayment of Loans is required pursuant to this Section 2.14 or Section 2.05 in the event that the Total Outstandings exceed the Aggregate Commitments by $3,000,000 or less, or the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by $3,000,000 or less, in either event solely due to a change in applicable rates of exchange between Dollars and Canadian Dollars.
Currency Exchange Fluctuations. Subject to Section 4.04, if on any Computation Date the Agent shall have determined that the aggregate Dollar Equivalent principal amount of all Loans and L/C Obligations then outstanding exceeds the Aggregate Commitments by more than $500,000, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Agent shall give notice to the Company that a prepayment is required under this Section, and the Company agrees to promptly (and in any event within three Business Days of such notice) make prepayments of Loans such that, after giving effect to such prepayment the aggregate Dollar Equivalent amount of all Loans and L/C Obligations does not exceed the Aggregate Commitments.
Currency Exchange Fluctuations. (a) The Credit Agreement Loan Parties will implement and maintain internal controls to monitor the borrowings and repayments of Loans by the Credit Agreement Loan Parties and the issuance of and drawings under Letters of Credit, with the object of preventing any request for a Credit Extension that would result in (i) the Aggregate Outstanding Revolving Credit with respect to all of the Revolving Facility Lenders (including the Swing Line Lenders) being in excess of the aggregate Revolving Facility Commitments then in effect or (ii) the Subsidiary Swing Line Borrowers exceeding their respective Subsidiary Swing Line Borrower Sublimits and of promptly identifying and remedying any circumstance where, by reason of changes in exchange rates, the Aggregate Outstanding Revolving Credit with respect to all of the Revolving Facility Lenders (including the Swing Line Lenders) exceeds the aggregate Revolving Facility Commitments then in effect or the aggregate Swing Line Loans made to any Subsidiary Swing Line Borrower, plus the Subsidiary L/C Effective Amount of all Subsidiary L/C Obligations of such Subsidiary Swing Line Borrower exceeds its Subsidiary Swing Line Borrower Sublimit.
Currency Exchange Fluctuations. (a) The Company and its Subsidiaries will implement and maintain internal controls to monitor the borrowings and repayments of Loans by the Borrowers and the issuance of and drawings under Letters of Credit, with the object of preventing any request for a Credit Extension that would result in (i) the aggregate outstanding Revolving Loans and the Dollar Equivalent amount of the Swingline Loans and Letter of Credit Usage being in excess of the lesser of (y) the Total Revolving Loan Commitments available pursuant to Section 1.01(d) and (z) the Borrowing Base as shown in the Borrowing Base Certificate that was last delivered pursuant to Section 6.01; provided such Borrowing Base Certificate was required to be delivered pursuant to and was in compliance with Section 6.01 or was delivered after the Borrowing Base Certificate last required to be delivered pursuant to Section 6.01, or (ii) the aggregate amount of U.K. Swingline Loans or Canadian Swingline Loans exceeding the applicable Maximum Swingline Amount and of promptly identifying and remedying any circumstance where, by reason of changes in exchange rates, such limits have been exceeded.
Currency Exchange Fluctuations. If on any Computation Date the Administrative Agent shall have determined that the then outstanding Dollar Equivalent principal amount of the Total Outstanding exceeds the Total Commitment due to a change in applicable rates of exchange between US Dollars, on the one hand, and any Applicable Currency, on the other hand, then the Administrative Agent shall give notice to the Company that a prepayment is required under this Section, and the Borrowers agree thereupon to make prepayments of Loans such that, after giving effect to such prepayment, the Total Outstandings will not exceed the Total Commitment.
Currency Exchange Fluctuations. Subject to Section 4.04, if on any Computation Date the Administrative Agent shall have determined that the Total Outstandings exceed the combined Commitments by a Dollar Equivalent amount of more than $1,000,000, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Administrative Agent shall give notice to the Company that a prepayment is required under this Section 2.08, and the Company agrees thereupon to make prepayments of Loans within one Business Day of such notice such that, after giving effect to such prepayment the Total Outstandings do not exceed the combined Commitments.
Currency Exchange Fluctuations. (a) If on any Valuation Date the Agent shall have determined that the aggregate Dollar Equivalent Amount of the principal amount of all Revolving Loan Outstandings exceeds the combined Revolving Loan Commitments of the Banks, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Agent shall give notice to each Company and upon notice thereof by the Agent to each Company, each Company agrees to make prepayments, on the Business Day after notice from the Agent, of Revolving Loans (and if required under Section 3.7, Cash Collateralize outstanding Letters of Credit and the Interim Note Guarantee) such that, after giving effect to such prepayment or Cash Collateralization, the aggregate Dollar Equivalent Amount of all Revolving Loan Outstandings (net of any Cash Collateralization) does not exceed the combined Revolving Commitments, it being understood that a prepayment in the amount by which the Dollar Equivalent Amount of Revolving Loan Outstandings exceeds the combined Revolving Commitments need not equal or exceed the Minimum Tranche. Any prepayment under this Section shall be made together with any amounts required pursuant to Section 5.5.
Currency Exchange Fluctuations. Subject to Section 4.4, if on ------------------------------ any Computation Date the Agent shall have determined that the Dollar Equivalent Amount of the aggregate principal amount of all Revolving Loans, Swingline Loans and L/C Obligations then outstanding exceeds the Aggregate Commitment by more than $500,000, due to a change in applicable rates of exchange between Dollars and Offshore Currencies, then the Agent shall give notice to the Borrowers' ---- Designee that a prepayment is required under this Section, and the Borrowers agree to make prepayments of Loans not later than the Business Day following the Borrowers' Designee's receipt of such notice such that, after giving effect to such prepayment the aggregate Dollar Equivalent Amount of all Revolving Loans, Swingline Loans and L/C Obligations does not exceed the Aggregate Commitment.
Currency Exchange Fluctuations. If on any Revaluation Date the Administrative Agent shall have determined that the then outstanding Dollar Equivalent principal amount of the Total Outstandings exceeds the Aggregate Commitments due to a change in applicable rates of exchange between US Dollars, on the one hand, and any Applicable Currency, on the other hand by an amount equal to or in excess of US$1,000,000, then the Administrative Agent may (or, at the request of the Required Lenders, shall) give notice to Anixter that a prepayment is required under this Section, and the Borrowers agree thereupon to make prepayments of Loans such that, after giving effect to such prepayment, the Total Outstandings will not exceed the Aggregate Commitments.
