Common use of Multicurrency Commitments Clause in Contracts

Multicurrency Commitments. Subject to the terms and conditions hereof, each Designated Multicurrency Lender with respect to any Borrower severally agrees to make revolving credit loans (each a "Multicurrency Loan") in any Available Foreign Currency or U.S. Dollars, as the case may be, to such Borrower from time to time prior to the Facility Termination Date so long as after giving effect thereto and any concurrent repayment or prepayment of Loans (a) the Available Multicurrency Commitment of each Multicurrency Lender is greater than or equal to zero, (b) the Aggregate Multicurrency Outstandings of all Lenders does not exceed an amount of which the U.S. Dollar Equivalent (as at the date of such Multicurrency Loan) is $500,000,000 and (c) the Aggregate Total Outstandings of all Lenders do not exceed the Aggregate Revolving Credit Commitments. Prior to the Facility Termination Date, any Borrower may use the Multicurrency Commitments by borrowing, repaying the Multicurrency Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.