Sharing Events Clause Samples

Sharing Events. Special Sharing and Conversion Provisions Applicable to Revolving Facility Lenders (a) On the date of the occurrence of a Sharing Event, automatically (and without the taking of any action): (i) all then Revolving Facility Outstandings then maintained in, and all Outstanding L/C Amounts owed in, one or more currencies other than euros shall be automatically converted into Outstandings maintained in, or owing in, euros (in an amount equal to the Euro Amount of the aggregate principal amount of the respective Outstandings on the date such Sharing Event first occurred, which such Outstandings shall continue to be owed by the Borrower and shall be immediately due and payable on the date such Sharing Event has occurred); and (ii) all principal, accrued and unpaid interest and other amounts owing with respect to such Outstandings or Documentary Credit (except in respect of Utilisations which have not yet occurred) shall be immediately due and payable in euros, taking the Euro Amount of such principal, accrued and unpaid interest and other amounts. The occurrence of any conversion of Revolving Facility Advances as provided above in this Clause 28.18 shall be deemed to constitute, for purposes of Clause 33.2 (Break Costs), a prepayment of the respective Revolving Facility Outstandings before the last day of any Term relating thereto. (b) Upon the occurrence of a Sharing Event, automatically (and without the taking of any action): (i) all then Swingline Facility Outstandings then maintained in one or more currencies other than euros shall be automatically converted into Swingline Facility Outstandings maintained in euros (in an amount equal to the Euro Amount of the aggregate principal amount of the respective Swingline Facility Outstandings on the date such Sharing Event first occurred, which such Outstandings shall continue to be owed by the Borrower and shall be immediately due and payable on the date such Sharing Event has occurred); and (ii) all accrued and unpaid interest and other amounts owing with respect to such Outstandings shall be immediately due and payable in euros, taking the Euro Amount of such accrued and unpaid interest and other amounts. (c) Upon the occurrence of a Sharing Event, each Revolving Facility Lender shall (and hereby unconditionally and irrevocably agrees to) purchase and sell (in each case in euro) undivided participating interests in the Revolving Facility Outstandings and Outstanding L/C Amounts, in such amounts so that each Revol...