Currency Option. 2.5.1 The Borrower may by notice in writing served on the Agent not less than five (5) Business Days prior to a Drawdown Date request that a Portion be advanced in Euro or in Dollars.
Currency Option. (a) A Borrower may elect to take, convert in accordance with clause 2.7(c) or maintain any Advance or Tranche in or into an Optional Currency and to convert the same back into US Dollars and, unless the Agent has determined that the circumstances referred to in clause 2.2(g) and in clause 7.2 are applicable, that Borrower shall, subject to the provisions of this agreement, be so entitled.
Currency Option. (A) The Borrower may request in any Notice of Borrowing that the Advance to which such Notice of Borrowing relates be denominated in a specified Optional Currency and, if the Borrower shall so request and subject to the following provisions of this Article, the relevant Advance shall be denominated in the Optional Currency so specified.
Currency Option. 2.5.1 The Borrower may by notice in writing served on the Agent not less than five (5) Business Days prior to a Drawdown Date that occurs after the Restatement Date request that a Portion or any part thereof be advanced in Euro or in Dollars.
Currency Option. (a) Bank hereby provides to Borrowers the option to ---------------- choose to have its Loans made to Borrowers in freely tradable foreign currency reasonable acceptable to the Bank (a "Foreign Currency") instead of U.S. Dollars (the "Foreign Currency Option"). Any borrowing to be funded in a Foreign Currency is subject to the following terms and conditions, notwithstanding anything to the contrary in this Agreement:
Currency Option. By [1:00 p.m.] on the Business Day prior to any Payment Date that is a Payment Date with respect to the Euro Notes, Osprey or its successor or assign shall provide written notice to Enron specifying (i) whether it is exercising its right to receive the Euro Amount from Enron and (ii) if it is exercising such right, the Dollar Amount with respect to that Payment Date; and, in the event that Osprey does exercise such right, Enron shall pay the Euro Amount to Osprey no later than the close of business on such Business Day. Such notice shall be in the form of Exhibit A attached hereto. Upon receipt of the Euro Amount from Enron, Osprey shall pay to Enron an amount equal to the Dollar Amount no later than [the close of business on the same Business Day of such receipt, if such receipt occurs by [3:00 p.m.] of such day, otherwise by the next Business Day]. Osprey shall be required, to the extent there is an Amount Available in the Dollar Distribution Account and/or the Dollar Collection Account by [noon] on the Business Day prior to any Payment Date, to exercise its right to receive the Euro Amount hereunder, unless (i) such Payment Date is not a Payment Date for the Euro Notes, (ii) Enron's senior debt rating is downgraded to below "Baa3" by Moody's, below "BBB-" by S&P or below "BBB-" by Fitch or (iii) Osprey can exchange the Dollar Amount for an amount of Euro that is greater than the Euro Amount based on the [spot market conversion rate] in effect at least one Business Day prior to such Payment Date.
Currency Option. 10.1 This Clause 10 shall apply to every Advance other than a Swingline Advance.
Currency Option. (a) Subject to the provisions of Clauses 2.9(b) and (g), if the Borrower so requests in a Drawdown Notice or, in any case other than drawdown of an Advance, by an irrevocable notice received by the Bank not later than 10:00 a.m. (London time) on the second Banking Day before the beginning of an Interest Period, the relevant Advance, may be drawn down in an Optional Currency or, as the case may be, on the first day of any Interest Period relating thereto, the Loan may be converted into an, or another, Optional Currency, but if no such request is received by the Bank the Commitment or , as the case may be, the relevant Advance, will be drawn down in Dollars or, as the case may be, the Loan shall remain outstanding in the currency in which it was outstanding during its immediately preceding Interest Period, provided however that if the Borrower shall request that the Loan, or as the case may be the relevant Advance be converted into another Optional Currency on any Banking Day during any Interest Period relating thereto and the Bank shall accede to such request (it being in the reasonable discretion of the Bank to decide whether or not to do so) the Borrower will repay the Loan in the currency in which it was outstanding at the time of repayment together with any such sum as may be payable to the Bank pursuant to Clause 10.1. The Loan may not be denominated in more than one currency at any time.
Currency Option. 13 10 Commitment Fee.............................................. 14 11 Taxes....................................................... 14 12 Illegality.................................................. 15
Currency Option
