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 (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. (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 2.16 or Section 4.053.5, (iv) L/C Letter of Credit 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 Letter of Credit 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. (a) The Administrative Agent will determine the Dollar Equivalent amount 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 2.16 or Section 4.053.5, (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 Amount of any amount (each such date under clauses (i) through (iv) a "Computation Date"); provided, however, that the provisions of this Section 2.16(a) shall not apply to any Borrowing utilizing the Sterling Term Loan Commitment.