Optional Currencies. 25 8. Repayment....................................................... 29 9.
Optional Currencies amend the Credit Agreement to provide that the Revolving Facility Commitments may also be utilised in currencies other than EUR on the basis set out in recent Liberty precedent which contain a revolving credit facility.
Optional Currencies. Any agreement for a Note Transaction for a Note denominated in a currency other than Sterling, Dollars, euro[, AUD,] [CAD,][CHF,] [HKD,] [NZD,] [Renminbi,] or Yen shall be conditional upon:
Optional Currencies. 22 2.9.1. Request for Optional Currency..............................................22 2.9.2. Exchange Rate. ...........................................................23 2.9.3. Multiple Denominations. ..................................................23 2.9.4. Repayment. ...............................................................23 2.9.5. Funding. .................................................................24 2.10. Change in Borrowing Base. ..........................................................24 2.11.
Optional Currencies. (a) A Borrower may elect, prior to the Commitment Expiry Date, to draw down a portion of the Total Commitment in, or convert Loans outstanding to, an Optional Currency (if any), provided that the aggregate principal amount of Loans outstanding immediately following any such drawdown or conversion shall not exceed the Total Commitment then in effect. Amounts proposed to be converted at any one time under this Section 2.7 shall not be less than U.S. $500,000 and shall be an integral multiple thereof, or the Dollar Equivalent in any Optional Currency. In order to exercise the foregoing option a Borrower must deliver to the Agent a written notice, subject to any other notice requirements under this Agreement, designating the currency into which the designated portion of the Borrower's Loan is to be drawn down or, as the case may be, converted, at least five (5) Business Days prior to the commencement of the subsequent Interest Period relating to such portion of the Borrower's Loan and any such conversion shall be effected on such date. If any such notice is not delivered to the Agent by such Borrower within the required time, the Borrower shall be deemed to have elected that the relevant portion of the principal amount of the Borrower's Loan continue to be denominated in the currency in which it then currently stands denominated. No Interest Period during which a portion of the principal of a Borrower's Loan is to be denominated in any Optional Currency shall have an Interest Payment Date which occurs after the Commitment Expiry Date. If any Bank determines (which determination shall be conclusive), and notifies the Agent on or prior to the second Business Day preceding the first day of any Interest Period during which a portion of the principal of a Borrower's Loan is to be denominated in any Optional Currency, that the Optional Currency is not freely transferable and convertible into Dollars or that it will be impracticable for such Bank to fund its portion of the Advance in such Optional Currency, then the Agent shall so notify the Borrower making the election, and that portion of the principal amount of the Borrower's Loan shall, notwithstanding any contrary election by such Borrower or any other provisions hereof, be denominated in Dollars and be in the form of a Base Rate Advance.
Optional Currencies. 28 10. Payments............................................................................................28 11. Taxes...............................................................................................30 12.
Optional Currencies. (a) If before the Specified Time on the Quotation Day for the relevant Revolving Facility or Additional Facility Loan:
Optional Currencies. In the case of a UK Credit Extension to be denominated in an Optional Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Agent, the Required Lenders (in the case of any UK Loans to be denominated in an Optional Currency) or the Issuing Bank (in the case of any UK Letter of Credit to be denominated in an Optional Currency) or the UK Swingline Lender (in the case of any UK Swingline Loan to be denominated in an Optional Currency) would make it impracticable for such UK Credit Extension to be denominated in the relevant Optional Currency.
Optional Currencies. 10.1 SELECTION
Optional Currencies. 21 10. PAYMENTS.....................................................................................................24 11. TAXES........................................................................................................26 17. UNDERTAKINGS.................................................................................................39 18. DEFAULT......................................................................................................52 19.
