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 Administrative Agent (acting reasonably, in consultation with the Borrower and in accordance with the terms of Section 9.01 hereof) to be necessary to reflect the change in currency and to put the Lenders and the Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

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, reasonably and in consultation with the Borrower and in accordance with the terms of Section 9.01 hereofRepresentative) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 16.5.

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 Administrative Paying Agent (acting reasonably, reasonably and in consultation with the Borrower and in accordance with the terms of Section 9.01 hereofTimken) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

Substitution of Currency. If a change in any Committed Foreign 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, reasonably and in consultation with the Borrower and in accordance with the terms of Section 9.01 hereofBorrower) to be necessary to reflect the change in currency and to put the Lenders Lender Parties and the Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Foreign Currency had occurred.” ; and