Request for Optional Currency Sample Clauses

Request for Optional Currency. Subject to the limitations set forth in ss.2.1, any Revolver Borrower may, upon at least three (3) Business Days' notice to the Agent (an "OC Notice"), request that one or more Revolving Credit Loans (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) be made as Eurocurrency Rate Loans in an Optional Currency, provided that any Revolving Credit Loan proposed to be made under this ss.2.9.1 shall be in an amount not less than $500,000, or a greater amount which is an integral multiple of $100,000, or the Equivalent Dollar in an Optional Currency. Each OC Notice requesting a Revolving Credit Loan in an Optional Currency shall be by telephone, telex, telecopy or cable (in each case confirmed in writing by the requesting Revolver Borrower), specifying (a) the Revolving Credit Loan to be made, (b) the requested date of the proposed borrowing, (c) the requested currency in which the Revolving Credit Loan is to be made, (d) the initial Interest Period for the Revolving Credit Loan to be borrowed, and (e) such Revolver Borrower's account with the Agent, or, in the case of an Optional Currency which is the legal tender of a country in which the Agent has no office, with another depository specified by such Revolver Borrower in such country, to which payment of the proceeds of such Revolving Credit 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 an OC Notice has been delivered requesting a Revolving Credit Loan in an Optional Currency or on any funding date, determines (which determination shall be conclusive) that the Optional Currency is not freely transferable and convertible into Dollars or that it will be impracticable for such Bank to fund the Revolving Credit Loan in such Optional Currency, then such Bank shall so notify Agent, which notification shall be given immediately by the Agent to the applicable Revolver Borrower, and such Bank's portion of the requested Revolving Credit Loan shall, notwithstanding any contrary election by such Revolver Borrower or any other provisions hereof, be denominated in Dollars as a Base Rate Loan unless such Revolver Borrower, one Business Day prior to the commencement of the Interest Period and pursuant to the terms of ss.2.6 hereof, elects to have such Revolving Credit Loan denominated in Dollars as a Eurocurrency Rate Loan. In the event that such Revolver Borrower repays such portion of a Revolving Credit Loan...
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Request for Optional Currency. Subject to the limitations set forth in ss.2.1.1, any Borrower may, upon at least three (3) Business Days' notice to the Agent (an "OC Notice"), request that one or more Revolving Credit Loans (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) be made as Eurocurrency Rate Loans in an Optional Currency, provided that any Revolving Credit Loan proposed to be made under this ss.2.9.1 shall be in an amount not less than $500,000, or a greater amount which is an integral multiple of $10,000, or the equivalent in an Optional Currency. Each OC Notice requesting a Revolving Credit Loan in an Optional Currency shall be by telephone, telex, telecopy or cable (in each case confirmed in writing by the requesting Borrower), specifying (a) the Revolving Credit Loan to be made, (b) the requested date of the
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Request for Optional Currency. This Clause applies if a notice of borrowing specifies a currency other than euros. In this case the Advance requested will be made in the currency specified if all the following are true:
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Request for Optional Currency. This Clause applies if a notice of borrowing specifies the Optional Currency. In this case the Advance requested will be made if the Advance is required to be made under the terms of this Agreement.
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Request for Optional Currency. Subject to the limitations set ----------------------------- forth in (S)2.1 and (S)2.2, the Foreign Borrowers may, upon at least three (3) Business Days' notice to the Agent and the applicable Fronting Bank (an "OC Notice"), request that one or more Revolving Loans be made in an Optional Currency, provided that (i) the European Borrowers may borrow under this (S)2.6 in Euros and other Optional Currencies approved by the Agent only, and (ii) the UK Borrowers may borrow under this (S)2.6 in Sterling and other Optional Currencies approved by the Agent only. Each OC Notice requesting an Revolving Credit Loan in an Optional Currency shall be made in the same manner and contain the same information required in a Borrowers' Certificate. Subject to the foregoing and to the satisfaction of the terms and conditions of (S)8 and (S)9, each Revolving Loan requested to be made in an Optional Currency will be made on the date specified therefor in the OC Notice, in the currency requested in the OC Notice and, upon being so made, will have the Interest Period requested in the OC Notice.
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Request for Optional Currency. If a notice of borrowing specifies a currency other than DM, the Advance requested will be made in the currency specified if all the following are true:
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Request for Optional Currency. Subject to the limitations set forth in ss.2.1.1., any Borrower may, upon at least three (3) Business Days' notice to the Agent (an "OC Notice"), request that one or more Revolving Credit Loans be made as Eurocurrency Rate Loans in an Optional Currency, PROVIDED that (a) any Revolving Credit Loan proposed to be made under this ss.2.9.1 shall be in an amount not less than $5,000,000, or a greater amount which is an integral multiple of $1,000,000, or the equivalent in an Optional Currency and (b) the aggregate principal amount outstanding at any one time of Revolving Credit Loans denominated in Optional Currencies shall not exceed the equivalent of
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Request for Optional Currency. This Clause 8.1 applies if an Advance Request for a Revolving Advance specifies a currency other than sterling or an Advance Request for a Term Advance specifies a currency other than dollars. In this case the Advance requested will be made in the currency specified if all the following are true:
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Request for Optional Currency. This Clause applies if a notice of borrowing specifies euro. In this case the Advance requested will be made in euro if all the conditions set out in this Clause 7 are satisfied. This does not affect the other provisions of this Agreement.
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Related to Request for Optional Currency

  • Notice of Committed Borrowing The Borrower shall give the Agent notice (a "Notice of Committed Borrowing") not later than 10:30 A.M. (New York City time) on (x) the date of each Domestic Borrowing, and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying:

  • Optional Currencies 25 8. Repayment....................................................... 29 9.

  • Optional Conversion of Revolving Credit Advances The Borrower may on any Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.07 and 2.11(a), Convert all Revolving Credit Advances of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type (it being understood that such Conversion of a Revolving Credit Advance or of its Interest Period does not constitute a repayment or prepayment of such Revolving Credit Advance); provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Revolving Credit Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall be substantially in the form of Exhibit H hereto, and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Eurodollar Rate Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

  • Loan Request See Section 2.6.

  • Selection of currency A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.

  • Request for Borrowing The Administrative Agent shall have received a Request for Borrowing or Request for Letter of Credit, together with a Borrowing Base Certificate;

  • Notice of Borrowing The Borrower shall request a Revolving Loan borrowing by written notice (or telephonic notice promptly confirmed in writing) to the Agent not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day prior to the date of the requested borrowing in the case of Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of Eurodollar Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a Eurodollar Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a Base Rate Loan hereunder. The Agent shall give notice to each affected Lender promptly upon receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the contents thereof and each such Lender’s share of any borrowing to be made pursuant thereto.

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Agent receives a completed Drawdown Notice not later than 11.00 a.m. (Hamburg time) 3 Business Days prior to the intended Drawdown Date.

  • Borrowing Notice The Borrower shall deliver to the Agent and the Swing Line Lender irrevocable notice (a "Swing Line Borrowing Notice") not later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the applicable Borrowing Date (which date shall be a Business Day), and (ii) the aggregate amount of the requested Swing Line Loan which shall be an amount not less than $100,000. The Swing Line Loans shall bear interest at the Floating Rate.

  • Base Currency For the purposes of any calculation hereunder, we may convert amounts denominated in any other currency into the Base Currency at such rate prevailing at the time of the calculation as we shall reasonably select.

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