Common use of Utilization of Commitments in Offshore Currencies Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Regis Corp), Credit Agreement (Regis Corp)

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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 Banking Day of each calendar quarter month, 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 2.08 or Section 4.05 (each such date under clauses (i) through (iii), ) a "Computation Date"). The Agent will provide the Company with the amount determined pursuant to the foregoing clause (ii) promptly following the end of each month. 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 's Pro Rata Revolving Share of the applicable Borrowing. In the case of a Borrowing comprised of Offshore Currency Loans, the related Notice of Borrowing such notice will provide the approximate amount of each Lender’s 's Pro Rata Revolving Share of such the Borrowing, and the Administrative Agent will, upon the determination of the Dollar Equivalent amount of such the Borrowing as specified in such the Notice of Borrowing, promptly notify each Revolving Lender of the exact amount of such Revolving Lender’s 's Pro Rata Revolving Share of such the Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Oshkosh Truck Corp), Credit Agreement (Oshkosh Truck Corp)

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) Swing Line Loan denominated in an Offshore Currency, (iii) outstanding Offshore Currency Loans and outstanding Swing Line Loans denominated in Offshore Currencies as of the last Business Day of each calendar quarter and (iiiiv) 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 (iiiiv), 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 '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 's Pro Rata Share of such Borrowing, and the Administrative Agent will, upon the determination of the Dollar Equivalent amount of such the Borrowing as specified in such Notice of Borrowing, promptly notify each Lender of the exact amount of such Lender’s 's Pro Rata Share of such Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Regis Corp)

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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 month, 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 2.08 or Section 4.05 (each such date under described in clauses (i) through (iii), a “Computation Date”). The Agent will provide the Company with the amount determined pursuant to the foregoing clause (ii) promptly following the end of each month. 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 such Borrowing. In the case of a Borrowing comprised of Offshore Currency Loans, the related Notice of Borrowing such notice 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 the Borrowing as specified in such the Notice of Borrowing, promptly notify each Revolving Lender of the exact amount of such Revolving Lender’s Pro Rata Share of such Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

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