Common use of Multicurrency Commitments Clause in Contracts

Multicurrency Commitments. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Multicurrency Lender agrees, severally and not jointly, to make Multicurrency Revolving Loans in Dollars to the Borrower and in any Available Currency to the UK Borrower, at any time and from time to time on or after the Closing Date, and until the earlier of the Maturity Date and the termination of the Multicurrency Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in (a) such Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Commitment or (b) the Dollar Equivalent of the aggregate amount of the Multicurrency Loans then outstanding exceeding the Total Multicurrency Commitments then in effect. Within the limits set forth in the preceding sentence, the Borrower and the UK Borrower may borrow, pay or prepay and reborrow Multicurrency Revolving Loans on or after the Closing Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein.