Request for Euros Sample Clauses

Request for Euros. Subject to the limitations set forth in Section 2.1, the Borrower may, upon at least four (4) Business Days' notice to the Administrative Agent on the proposed Drawdown Date thereof) (a "EURO NOTICE"), request that one or more Loans be made as Eurocurrency Rate Loans in Euros, PROVIDED that any Loan proposed to be made under this Section 2.7(a) shall be in an amount not less than the equivalent of $3,000,000 or a greater amount which is an integral multiple of the equivalent of $250,000 in excess thereof. Each Euro Notice requesting a Loan in Euros shall be by a Loan Request stating (a) that the Loan is to be made in Euros and (b) the Borrower's account with the Administrative Agent to which payment of the proceeds of such Loan is to be made. If any Bank, on or prior to the second Business Day preceding the first day of any Interest Period for which a Euro Notice has been delivered or on any funding date, determines (which determination shall be conclusive) that the Euro is not freely transferable and convertible into Dollars or that it will be impracticable for such Bank to fund the Loan in Euros, then such Bank shall so notify Administrative Agent, which notification shall be given immediately by the Administrative Agent to the Borrower, and such Bank's portion of the requested Loan shall, notwithstanding any contrary election by the Borrower or any other provisions hereof, be denominated in Dollars as a Eurocurrency Rate Loan with a one month Interest Period. In the event that the Borrower repays such portion of a Loan denominated in Dollars as a Eurocurrency Rate Loan, in accordance with Section 2.9 hereof and such repayment results in Loans outstanding that are not PRO RATA in accordance with the Commitment Percentages, then all subsequent principal repayments denominated in Euros which the applicable Bank did not advance shall be made by the Borrower to the Administrative Agent for the respective accounts of such Banks other than such Bank on a PRO RATA basis until such time as the Loans are outstanding on a PRO RATA basis. Subject to the foregoing and to the satisfaction of the terms and conditions of Sections 8 and 9, each Loan requested to be made in Euros will be made on the date specified therefor in the Euro Notice, in Euros and, upon being so made, will have the Interest Period requested in the Euro Notice.