Negotiated Local Currency Loans Sample Clauses

Negotiated Local Currency Loans. Subject to the terms and conditions set forth herein, upon the request of the Borrower, a Revolving Lender may, in its sole discretion, make a Loan (a "Negotiated Local Currency Loan") to the Borrower; provided that such Negotiated Local Currency Loan shall (i) be denominated in a Local Currency, (ii) mature within one year after the date such Negotiated Local Currency Loan is made (subject to the right of such Revolving Lender and the Borrower to agree to extend such maturity at any time to a date within one year after the date of such maturity or extension) and in any event shall mature on or prior to the Revolving Loan Maturity Date, (iii) be in an aggregate principal amount the Dollar Equivalent of which, on the date such Negotiated Local Currency Loan is made, is $100,000 or a whole multiple of $100,000 and (iv) otherwise comply with the applicable requirements of this Agreement. For purposes of subclause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Lenders on the same date in the same Local Currency and with the same maturity. Prior to making any Negotiated Local Currency Loan, the Revolving Lender making such Negotiated Local Currency Loan shall deliver a written notice to the Administrative Agent (countersigned or acknowledged by the Borrower), to be received by the Administrative Agent not later than 12:00 noon three Business Days (or, solely in the case of Local Currency Borrowings denominated in Japanese Yen, four Business Days) before a proposed Negotiated Local Currency Borrowing specifying (A) the aggregate principal amount of such Negotiated Local Currency Loan expressed in Dollars (which shall comply with subclause (iii) above) and expressed in the applicable units of Local Currency (determined by such Revolving Lender based on the Spot Rate), (B) the date on which such Negotiated Local Currency Loan is to be made and (C) the interest rate (or basis for determining the interest rate) and maturity of such Negotiated Local Currency Loan. Thereafter, such Revolving Lender shall notify the Administrative Agent of each payment received in respect of such Negotiated Local Currency Loan and of any change in the interest rate or maturity of such Negotiated Local Currency Loan or any other terms of such Negotiated Local Currency Loan. Such Revolving Lender also shall deliver to the Administrative Agent copies of any agreements and other documents ("Negotiated...
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Negotiated Local Currency Loans. (a) Any Revolving Bank may in its sole discretion (but shall not have any obligation to) make a loan (a "Negotiated Local Currency Loan") to any Subsidiary Borrower requesting such a loan from such Revolving Bank; provided, however, that such Negotiated Local Currency Loan (i) shall be denominated in a Local Currency, (ii) shall mature within six months after the date that such Loan is made (subject to the right of such Revolving Bank and the applicable Borrower to agree to extend such maturity at any time to a date within six months after the date of such extension) and in any event shall mature on or prior to the Revolving Loan Maturity Date, (iii) shall be in an aggregate principal amount the Dollar Equivalent of which, on the date such Loan is made, is an integral multiple of $100,000 and not less than $500,000 and (iv) shall otherwise comply with the applicable requirements of this Agreement. For purposes of clause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Banks on the same date to the same Borrower in the same Local Currency and with the same maturity.
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Negotiated Local Currency Loans. Subject to the terms and conditions set forth herein, upon the request of any Foreign Borrowing Subsidiary a Revolving Lender may, in its sole discretion, make a Loan (a “Negotiated Local Currency Loan”) to such Borrower; provided that such Negotiated Local Currency Loan shall (i) be denominated in a Local Currency, (ii) mature within one year after the date such Loan is made and in any event shall mature on or prior to the Revolving Maturity Date, (iii) be in an aggregate principal amount the Dollar Equivalent of which, on the date such Loan is made, is not less than $100,000 and (iv) otherwise comply with the applicable requirements of this Agreement. For purposes of subclause (iii) above, a Negotiated Local Currency Loan may be aggregated with other Negotiated Local Currency Loans being made by other Revolving Lenders on the same date to the same Borrower in the same Local Currency and with the same maturity. Prior to making any Negotiated Local Currency Loan, the Revolving Lender making such Loan shall deliver a written notice to the Administrative Agent (countersigned or acknowledged by the
Sample 1

Related to Negotiated Local Currency Loans

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Base Rate Loans Substituted for Affected Euro-Dollar Loans If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Business Days’ prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

  • The Revolving Credit Advances Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount (based in respect of any Revolving Credit Advances to be denominated in a Committed Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time outstanding such Lender’s Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount (based in respect of any Competitive Bid Advance denominated in a Foreign Currency on the Equivalent in Dollars at such time) of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a “Competitive Bid Reduction”). Each Revolving Credit Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof (or the Equivalent thereof in any Committed Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Procedure for Borrowing Swingline Loans The Borrower shall give the Agent and the Swingline Lender notice pursuant to a Notice of Swingline Borrowing or telephonic notice of each borrowing of a Swingline Loan. Each Notice of Swingline Borrowing shall be delivered to the Swingline Lender no later than 3:00 p.m. on the proposed date of such borrowing. Any such notice given telephonically shall include all information to be specified in a written Notice of Swingline Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Swingline Borrowing sent to the Swingline Lender by telecopy on the same day of the giving of such telephonic notice. On the date of the requested Swingline Loan and subject to satisfaction of the applicable conditions set forth in Article V. for such borrowing, the Swingline Lender will make the proceeds of such Swingline Loan available to the Borrower in Dollars, in immediately available funds, at the account specified by the Borrower in the Notice of Swingline Borrowing not later than 4:00 p.m. on such date.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Bid Rate Loans The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan.

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