Currency Fluctuations, etc. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the US Administrative Agent shall determine the Exchange Rate as of such Calculation Date. Except as otherwise provided in Section 2.08 and Section 2.22, the Exchange Rate so determined shall become effective on the first US Business Day immediately following the relevant Calculation Date (a "Reset Date") and shall remain effective until the next succeeding Reset Date.
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Samples: Credit Agreement (Systemax Inc), Credit Agreement (Calgon Carbon Corporation)
Currency Fluctuations, etc. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the US U.S. Administrative Agent shall determine the Exchange Rate as of such Calculation Date. Except as otherwise provided in Section 2.08 and Section 2.222.21, the Exchange Rate so determined shall become effective on the first US U.S. Business Day immediately following the relevant Calculation Date (a "Reset Date") and shall remain effective until the next succeeding Reset Date.
Appears in 1 contract
Samples: Credit Agreement (Great Atlantic & Pacific Tea Co Inc)
Currency Fluctuations, etc. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the US Administrative U.S. Agent shall determine the Exchange Rate as of such Calculation Date. Except as otherwise provided in Section 2.08 2.09 and Section 2.222.23, the Exchange Rate so determined shall become effective on the first US U.S. Business Day immediately following the relevant Calculation Date (a "Reset Date") and shall remain effective until the next succeeding Reset Date.
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Samples: Competitive Advance and Revolving Credit Facilities Agreement (Great Atlantic & Pacific Tea Co Inc)
Currency Fluctuations, etc. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the US Administrative Agent shall determine the Exchange Rate as of such Calculation Date. Except as otherwise provided in Section 2.08 2.09 and Section 2.222.24, the Exchange Rate so determined shall become effective on the first US Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and shall remain effective until the next succeeding Reset Date.
Appears in 1 contract
Samples: Credit Agreement (Systemax Inc)
Currency Fluctuations, etc. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the US U.S. Administrative Agent shall determine the Exchange Rate as of such Calculation Date. Except as otherwise provided in Section 2.08 2.11 and Section 2.222.25, the Exchange Rate so determined shall become effective on the first US U.S. Business Day immediately following the relevant Calculation Date (a "“Reset Date"”) and shall remain effective until the next succeeding Reset Date.
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