Utilization of Commitments in Offshore Currencies. (a) The Administrative Agent will determine the Dollar Equivalent amount with respect to:
Utilization of Commitments in Offshore Currencies. (a) The Administrative Agent will determine the Dollar Equivalent amount with respect to any (i) Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date, (ii) outstanding Offshore Currency Loans and outstanding Swing Line Loans denominated in Offshore Currencies as of the last Business Day of each calendar quarter and (iii) outstanding Offshore Currency Loans and outstanding Swing Line Loans denominated in Offshore Currencies as of any redenomination date pursuant to this Section 2.06 or Section 4.05 (each such date under clauses (i) through (iii), a “Computation Date”). Upon receipt of any Notice of Borrowing, the Administrative Agent will promptly notify each Revolving Lender thereof and of the amount of such Lender’s Pro Rata Share of the applicable Borrowing. In the case of a Borrowing comprised of Offshore Currency Loans, the related Notice of Borrowing will provide the approximate amount of each Lender’s Pro Rata Share of such Borrowing, and the Administrative Agent will, upon the determination of the Dollar Equivalent amount of such Borrowing as specified in such Notice of Borrowing, promptly notify each Lender of the exact amount of such Lender’s Pro Rata Share of such Borrowing.
Utilization of Commitments in Offshore Currencies. (a) The Administrative Agent will determine the Dollar Equivalent amount of any (i) Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date, (ii) outstanding Offshore Currency Loans and L/C Obligations denominated in a currency other than Dollars as of the last Business Day of each month and (iii) outstanding Offshore Currency Loans and L/C Obligations denominated in a currency other than Dollars as of any redenomination date pursuant to this Section 2.05 or Section 4.05 (each such date under clauses (i) through (iii), a “Computation Date”).
Utilization of Commitments in Offshore Currencies. (a) The Administrative Agent will determine the Dollar Equivalent amount with respect to any (i) Borrowing comprised of Offshore Currency Loans (other than Sterling Acquisition Loans) as of the requested Borrowing Date, (ii) outstanding Offshore Currency Loans denominated in a currency other than Dollars as of the last Business Day of each month, (iii) outstanding Offshore Currency Loans denominated in a currency other than Dollars as of any redenomination date pursuant to this Section 2.15 or Section 4.05, (iv) L/C Obligations denominated in a currency other than Dollars, on the date of Issuance and thereafter as of the last Business Day of each month and (v) Offshore Currency Loans or L/C Obligations, as of any date specified for determining the Dollar Equivalent of any amount (each such date under clauses (i) through (iv) a "Computation Date").
Utilization of Commitments in Offshore Currencies. Notwithstanding anything herein to the contrary, during the existence of an Event of Default under Section 8.01(a), (f) or (g), upon the request of the Required Lenders, all or any part of any outstanding Offshore Currency Loans shall be redenominated and converted into Base Rate Loans in Dollars with effect from the last day of the Interest Period with respect to any such Offshore Currency Loans. The Administrative Agent will promptly notify the applicable Borrower of any such redenomination and conversion request.
Utilization of Commitments in Offshore Currencies. (a) The Agent will determine the Dollar Equivalent amount with respect to (i) any Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date, (ii) all outstanding Offshore Currency Loans as of the last Business Day of each month, and (iii) any outstanding Offshore Currency Loan as of any redenomination date pursuant to this Section 2.5 or Section 3.2 or 3.5 and any date on which the Commitments are reduced pursuant to Section 2.8.
Utilization of Commitments in Offshore Currencies. (a) The Agent will determine the Dollar Equivalent amount with respect to any (i) Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date, (ii) outstanding Offshore Currency Loans as of the last Banking Day of each month, (iii) outstanding Offshore Currency Loans as of any redenomination date pursuant to this Section 2.05 or Section 4.05, (iv) Issuance or renewal of any Letter of Credit denominated in an Offshore L/C Currency as of the requested date of Issuance or renewal and (v) outstanding Letter of Credit denominated in an Offshore L/C Currency as of the last Banking Day of each month (each such date under clauses (i) through (v) a "Computation Date").
Utilization of Commitments in Offshore Currencies. (a) The Agent ------------------------------------------------- will determine the Dollar Equivalent Amount with respect to any (i) Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date, (ii) outstanding Offshore Currency Loans as of the last Business Day of each calendar quarter, (iii) Letters of Credit to be Issued in an Offshore Currency as of the requested date of Issuance, (iv) outstanding Letters of Credit denominated in an Offshore Currency as of the last Business Day of each calendar quarter, and (v) outstanding Offshore Currency Loans as of any redenomination date pursuant to this Section 2.5, Section 3.3(c) or Section 4.2 (each such date under clauses (i) through (v) a "Computation Date"); provided that the Majority Banks may in ---------------- -------- writing instruct the Agent to determine such Dollar Equivalent Amount as of a date in addition to the last Business Day of each calendar quarter, and the Issuing Bank may in writing instruct the Agent to determine such Dollar Equivalent Amount as of a conversion date (if not on the last Business Day of a calendar quarter) in connection with a redenomination of any amounts payable in an Offshore Currency pursuant to subsection 3.3(c), in which case such alternative date or dates shall also be a Computation Date or Dates.
Utilization of Commitments in Offshore Currencies. (a) The Administrative Agent will determine the Dollar Equivalent amount with respect to (i) any Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date, (ii) all outstanding Offshore Currency Loans and L/C Obligations as of the last Business Day of each month and as of any date on which the Commitments are reduced pursuant to Section 2.6, and (iii) any outstanding Offshore Currency Loan or L/C Obligations as of any redenomination date pursuant to this Section 2.5 or Section 4.2 or 4.5.
Utilization of Commitments in Offshore Currencies. (a) The Post-Petition Agent will determine the Dollar Equivalent with respect to any (i) Borrowing comprised of Offshore Currency Loans as of the requested Borrowing Date and as of any requested continuation date, (ii) Letter of Credit Usage denominated in Offshore Currencies as of any Letter of Credit Action Date with respect thereto, and (iii) outstanding Offshore Currency Loans and Letter of Credit Usage as of the last Banking Day of each month, and, during the occurrence and continuation of an Event of Default, such other dates as may be requested by the Majority Lenders (but in no event more frequently than once a week) (each such date under clauses (i), (ii), and (iii) a "Determination Date"). ------------------
