Common use of Permitted Currency Clause in Contracts

Permitted Currency. In the case of a Revolving Credit Loan, Swingline Loan or Letter of Credit to be denominated in a Permitted Currency other than Dollars, 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 Administrative Agent, the Required Lenders or the Issuing Lender that would make it impracticable for such Revolving Credit Loan, Swingline Loan or Letter of Credit to be denominated in the relevant Alternative Currency.

Appears in 4 contracts

Samples: Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.)

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Permitted Currency. In the case of a Revolving Credit Loan, Swingline Loan or Letter of Credit to be denominated in a Permitted Currency other than Dollars, 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 Administrative Agent, the Required Lenders or the Issuing Lender that would make it impracticable for such Revolving Credit Loan, Swingline Loan or Letter of Credit to be denominated in the relevant Alternative Currency.

Appears in 4 contracts

Samples: Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.), Revolving Credit Agreement (BlackRock Inc.)

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