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

Utilization of Commitments in Optional Currencies. (a) Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans and Letters of Credit Outstanding. The Agent will determine the Dollar Equivalent amount of (i) proposed Revolving Credit Loans to be denominated in an Optional Currency as of the requested borrowing date, (ii) Letters of Credit to be denominated in an Optional Currency as of the intended date of issuance, (iii) Letters of Credit Outstanding denominated in an Optional Currency as of the last Business Day of each month, and (iv) outstanding Revolving Credit Loans denominated in an Optional Currency as of the end of each Interest Period, and at such other times as reasonably determined by the Agent in its sole discretion (each such date under clauses (i) through (iv), a "Computation Date").

Appears in 3 contracts

Samples: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

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Utilization of Commitments in Optional Currencies. (a) Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans and Letters of Credit Outstanding. The Administrative Agent will determine the Dollar Equivalent amount of (i) proposed Revolving Credit Loans to be denominated in an Optional Currency as of the requested borrowing date, (ii) or Letters of Credit to be denominated in an Optional Currency as of the intended requested Borrowing Date or date of issuance, as the case may be, (iiiii) Letters of Credit Outstanding denominated in an Optional Currency as of the last Business Day of each month, and (iviii) outstanding Revolving Credit Loans denominated in an Optional Currency as of the end of each Interest Period, and at such other times as reasonably determined by the Agent in its sole discretion Period (each such date under clauses (i) through (iviii), a "Computation Date").

Appears in 2 contracts

Samples: Credit Agreement (Gsi Commerce Inc), Credit Agreement (Gsi Commerce Inc)

Utilization of Commitments in Optional Currencies. (a) 2.10.1 Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans and Letters of Credit Outstanding. The Administrative Agent will determine the Dollar Equivalent amount of (i) proposed Revolving Credit Loans to be denominated in an Optional Currency as of the requested borrowing date, (ii) or Letters of Credit to be denominated in an Optional Currency as of the intended requested Borrowing Date or date of issuance, as the case may be, (iiiii) Letters of Credit Outstanding denominated in an Optional Currency as of the last Business Day of each month, and (iviii) outstanding Revolving Credit Loans denominated in an Optional Currency as of the end of each Interest Period, and at such Period or on any other times as reasonably determined Business Day selected by the Administrative Agent and as frequently as the Administrative Agent desires, in its sole discretion the case of Revolving Credit Loans, in consultation with the Fronting Bank (each such date under clauses (i) through (iviii), a "Computation Date").

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Utilization of Commitments in Optional Currencies. (a) Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans and Letters of Credit Outstanding. The Agent will determine the Dollar Equivalent amount of (i) proposed Revolving Credit Loans to be denominated in an Optional Currency as of the requested borrowing date, (ii) Letters of Credit to be denominated in an Optional Currency as of the intended date of issuance, (iii) Letters of Credit Outstanding denominated in an Optional Currency as of the last Business Day of each month, and (iv) outstanding Revolving Credit Loans denominated in an Optional Currency as of the end of each Interest Period, and at such other times as reasonably determined by the Agent in its sole discretion Period (each such date under clauses (i) through (iv), a "Computation Date").

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

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Utilization of Commitments in Optional Currencies. (a) Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans and Letters of Credit Outstanding. The Administrative Agent will determine the Dollar Equivalent amount of (i) proposed Revolving Credit Loans to be denominated in an Optional Currency as of the requested borrowing dateBorrowing Date or date of issuance, as the case may be, (ii) Letters of outstanding Revolving Credit to be denominated in an Optional Currency as of the intended date of issuance, (iii) Letters of Credit Outstanding Loans denominated in an Optional Currency as of the last Business Day of each month, and (iviii) outstanding Revolving Credit Loans denominated in an Optional Currency as of the end of each Interest Period, and at such other times as reasonably determined by the Agent in its sole discretion Period (each such date under clauses (i) through (iviii), a "Computation Date").

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Borders Group Inc)

Utilization of Commitments in Optional Currencies. (a) Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans and Letters of Credit Outstanding. The Administrative Agent will determine the Dollar Equivalent amount of (i) proposed Revolving Credit Loans, Sterling Swing Loans made pursuant to be denominated in an Optional Currency as of the requested borrowing date, (iiSection 2.01(d)(ii) or Letters of Credit to be denominated in an Optional Currency as of the intended requested Borrowing Date or date of issuance, as the case may be, (iiiii) outstanding Revolving Credit Loans or Letters of Credit Outstanding denominated in an Optional Currency as of the last Business Day of each month, and (iviii) outstanding Revolving Credit Loans denominated in an Optional Currency as of the end of each Interest Period, and at such other times as reasonably determined by the Agent in its sole discretion Period (each such date under clauses (i) through (iviii), a "Computation Date").

Appears in 1 contract

Samples: Credit Agreement (Borders Group Inc)

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