Currency Valuation Clause Samples
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Currency Valuation. (i) On each Quarterly Date and upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), but in any event no more than once in any rolling 30-day period, the Administrative Agent shall promptly determine the aggregate outstanding principal amount of all Sterling Loans and the aggregate outstanding principal amount of all Revolving Credit Loans (for which purpose the outstanding principal amount of any Sterling Loan shall be deemed to be the Dollar Equivalent (determined as of the Business Day on which the Administrative Agent shall have received such Currency Valuation Notice prior to 11:00 a.m. New York time (or, if received by the Administrative Agent after such time on any Business Day, as of the next succeeding Business Day) or as of such Quarterly Date) of the amount in Pounds Sterling of such Loan). Upon making such determination, the Administrative Agent shall promptly notify the Revolving Credit Lenders and the Borrower thereof.
(ii) If, on the date of such determination, (A) the aggregate outstanding principal amount of all Sterling Loans exceeds 105% of the aggregate amount of the Sterling Sub-Limits as then in effect or (B) the aggregate outstanding principal amount of all Revolving Credit Loans exceeds the aggregate amount of the Revolving Credit Commitments as then in effect, the Borrower shall, if requested (through the Administrative Agent) by any Sterling Lender or Revolving Credit Lender, as the case may be, prepay the Sterling Loans or the Revolving Credit Loans in an amount such that after giving effect thereto the aggregate outstanding principal amount of the Sterling Loans does not exceed the aggregate amount of the Sterling Sub-Limits or the aggregate outstanding principal amount of the Revolving Credit Loans does not exceed the aggregate CREDIT AGREEMENT Revolving Credit Commitments, as the case may be. Any such payment pursuant to the foregoing clauses (A) and (B) shall be accompanied by any amounts payable under Sections 3.02 and 5.05 hereof. -47- Revolving Credit Commitments, as the case may be. Any such payment pursuant to the foregoing clauses (A0 and (B) shall be accompanied by any amounts payable under Sections 3.02 and 5.05 hereof.
Currency Valuation. In the event that any Borrower selects an Interest Period of more than three months’ duration for any borrowing of Loans, on each Currency Valuation Date (as defined below), the Administrative Agent shall determine the sum of the aggregate outstanding principal amount of all Loans. For purposes of this determination, the outstanding principal amount of any Loan that is denominated in any Alternative Currency shall be deemed to be the Dollar Equivalent of the amount in the Alternative Currency of such Loan, determined as of such Currency Valuation Date. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and each Borrower thereof. If, on the date of such determination, such sum of the aggregate principal amount of all Loans exceeds 105% of the aggregate of the Commitments as then in effect, the Borrowers shall, if requested by the Majority Lenders (through the Administrative Agent), prepay outstanding Loans (ratably in accordance with the then outstanding aggregate principal amounts thereof) in such amounts as shall be necessary so that after giving effect thereto the aggregate outstanding principal amount of all Loans does not exceed the aggregate Commitments. After the date of any such prepayment, the Borrowers shall not be required to make a prepayment under this Section 2.09(b) until any Borrower subsequently selects an Interest Period of more than three months’s duration. Any such payment shall be accompanied by accrued interest thereon as provided in Section 3.02 hereof and by any amounts payable under Section 5.05 hereof.
Currency Valuation. On each Currency Valuation Date (as defined below), the Administrative Agent shall determine the sum of the aggregate outstanding principal amount of all Loans denominated in Agreed Alternative Currencies. For purposes of this determination, the outstanding principal amount of any Loan that is denominated in any Agreed Alternative Currency shall be deemed to be the Dollar Equivalent of the amount in the Agreed Alternative Currency of such Loan, determined as of such Currency Valuation Date. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and MBNA Europe thereof. If, on the date of such determination, the aggregate outstanding principal amount of all Loans exceeds 105% of the Total Commitment as then in effect, the Borrowers shall, if requested by any Lender (through the Administrative Agent), prepay outstanding Loans (ratably in accordance with the then outstanding aggregate principal amounts thereof) in such amounts as shall be necessary so that after giving effect thereto the aggregate outstanding principal amount of all Loans (determined as aforesaid) does not exceed the Total Commitment. Any such payment shall be accompanied by accrued interest thereon as provided in Section 2.08 and by any amounts payable under Section 2.16.
Currency Valuation. Except as otherwise provided in Section 7.3(d) hereof, for purposes of calculating or otherwise determining thresholds, caps or other amounts set forth in this Agreement in U.S. dollars, components of any such amounts which are reflected or presented in any currency other than U.S. dollars shall be converted to U.S. dollars using the average U.S. dollar equivalent spot rate for such currencies over the two business days for which such rates are published in the Eastern United States edition of The Wall Street Journal on the day which is two days prior to the date hereof.
Currency Valuation. In the event that any Applicable Borrower ------------------ selects an Interest Period of more than three months' duration for any borrowing of Tranche A-(MC) Loans or any borrowing of Tranche B-(MC) Loans, on each Currency Valuation Date (as defined below), the Administrative Agent shall determine the sum of the aggregate outstanding principal amount of all Tranche A-(MC) Loans and the aggregate principal amount of all Tranche B-(MC)