Common use of Substitution of Currency Clause in Contracts

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 25 contracts

Samples: Year Credit Agreement (Eastman Chemical Co), Credit Agreement (Xerox Corp), Credit Agreement (Chemtura CORP)

AutoNDA by SimpleDocs

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Designated Agent (acting reasonably and reasonably, in consultation with the CompanyBorrower and in accordance with the terms of Section 8.01) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 13 contracts

Samples: Credit Agreement (Walt Disney Co/), Credit Agreement (Walt Disney Co), Credit Agreement (Walt Disney Co)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 10 contracts

Samples: Credit Agreement (Science Applications International Corp), Fourth Amendment (Science Applications International Corp), Credit Agreement (Juniper Networks Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be deemed amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 9 contracts

Samples: Assignment and Assumption (Jabil Circuit Inc), Credit Agreement (Jabil Circuit Inc), Credit Agreement (Jabil Inc)

Substitution of Currency. If a change in any Committed Major Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Company in the same position, so far as possible, that they would have been in if no change in such Committed Major Currency had occurred.

Appears in 8 contracts

Samples: Day Credit Agreement (Honeywell International Inc), Day Credit Agreement (Honeywell International Inc), Credit Agreement (Honeywell International Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyBorrowers) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 8 contracts

Samples: Credit Agreement (At&t Inc.), Credit Agreement (At&t Inc.), Credit Agreement (At&t Inc.)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyGuarantor) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 8 contracts

Samples: Five Year Credit Agreement (Omnicom Group Inc.), Year Credit Agreement (Omnicom Group Inc), Five Year Credit Agreement (Omnicom Group Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Company in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 8 contracts

Samples: Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 7 contracts

Samples: Assignment and Assumption (Ca, Inc.), Assignment and Assumption (Ca, Inc.), Credit Agreement (Computer Associates International Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower Representative) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 6 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any subsequent applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 5 contracts

Samples: Five Year Credit Agreement (Coca Cola Enterprises Inc), Five Year Credit Agreement (Coca Cola Enterprises Inc), Credit Agreement (Coca Cola Co)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders Lender Parties and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 4 contracts

Samples: Assignment and Assumption (ManpowerGroup Inc.), Five Year Credit Agreement (ManpowerGroup Inc.), Assignment and Assumption (ManpowerGroup Inc.)

Substitution of Currency. If a change in any Committed Currency with respect to Euro occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national multinational authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyPPG) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency with respect to Euro had occurred.

Appears in 4 contracts

Samples: Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Designated Agent (acting reasonably and reasonably, in consultation with the CompanyBorrower and in accordance with the terms of Section 9.01) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 3 contracts

Samples: Credit Agreement (Walt Disney Co/), Year Credit Agreement (Walt Disney Co/), Credit Agreement (Walt Disney Co/)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and reasonably, in consultation with the CompanyBorrower and in accordance with the terms of Section 8.01 hereof) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 3 contracts

Samples: Year Credit Agreement (Walt Disney Co/), Credit Agreement (Walt Disney Co/), Credit Agreement (Walt Disney Co/)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyParentBorrower Representative) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 3 contracts

Samples: Year Credit Agreement (Aon PLC), Credit Agreement, Year Credit Agreement (Aon PLC)

Substitution of Currency. If a change in any Committed Currency with respect to Euro occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national multinational authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyPPG) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency with respect to Euro had occurred.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (PPG Industries Inc), Term Loan Credit Agreement (PPG Industries Inc), Term Loan Credit Agreement (PPG Industries Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate, Adjusted Term SOFR or Adjusted Daily Simple XXXXX) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 2 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be deemed amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 2 contracts

Samples: Credit Agreement (Synnex Corp), Credit Agreement (Td Synnex Corp)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyParent) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 2 contracts

Samples: Assignment and Assumption (Aon PLC), Assignment and Assumption (Aon PLC)

Substitution of Currency. If a change in any Committed Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Alternative Currency had occurred.

Appears in 2 contracts

Samples: Assignment and Assumption (American Tower Corp /Ma/), Credit Agreement (American Tower Corp /Ma/)

Substitution of Currency. If a change in any Committed Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Alternative Currency had occurred.

Appears in 2 contracts

Samples: Assignment and Assumption (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable lawLaw, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, clauses (a) and (c) of the definition of Eurocurrency Rate) will be amended to the extent determined by the Paying Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 2 contracts

Samples: Assignment and Assumption (Timken Co), Credit Agreement (Timken Co)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Term Benchmark Rate) will be deemed amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Jabil Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency EurocurrencyTerm Benchmark Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.be

Appears in 1 contract

Samples: The Credit Agreement (Marsh & McLennan Companies, Inc.)

AutoNDA by SimpleDocs

Substitution of Currency. If a change in any Committed Major Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Major Currency had occurred.

Appears in 1 contract

Samples: Five Year Credit Agreement (Honeywell International Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable lawLaw, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Paying Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Timken Co)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Term Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the CompanyGuarantor) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Assignment and Assumption (Omnicom Group Inc.)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Company in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Macdermid Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national multi‑national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Assignment and Assumption (Marsh & McLennan Companies, Inc.)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyPPG) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (PPG Industries Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition definitions of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers Company in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.. 10.20

Appears in 1 contract

Samples: Credit Agreement (Macdermid Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Term Benchmark Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency EurocurrencyTerm Benchmark Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-multi- 100 national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower Representative) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Aon PLC)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national multi‑national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

Substitution of Currency. If a change in any Committed Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Alternative Currency had occurred.

Appears in 1 contract

Samples: Five Year Credit Agreement (Cytec Industries Inc/De/)

Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Appears in 1 contract

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.)

Substitution of Currency. If a change in any Committed Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency EurocurrencyTerm Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Alternative Currency had occurred.

Appears in 1 contract

Samples: Agreement (American Tower Corp /Ma/)

Time is Money Join Law Insider Premium to draft better contracts faster.