Examples of Assigned Dollar Value in a sentence
The payment shall be applied in the following order: (i) first to Swingline Loans; (ii) secondly, to European Swingline Loans, (iii) thirdly, to Revolving Loans which are Base Rate Loans; and (iv) fourthly, to Revolving Loans made in Dollars which are LIBOR Loans, and (v) finally, to Foreign Currency Loans (other than European Swingline Loans) based upon the Assigned Dollar Value as of the date of such payment.
Promptly after the issuance of or amendment to any Letter of Credit, the Administrative Agent shall notify Lenders with the relevant Commitments of such issuance or amendment, shall provide a copy of the issued Letter of Credit or amendment, as the case may be, and in the case of Multi-Currency Letters of Credit, shall indicate the Spot Exchange Rate to be used in determining the Assigned Dollar Value thereof.
Borrowers shall prepay the outstanding principal amount of the Revolving Loans or the Swing Line Loan on any date on which the Assigned Dollar Value of the aggregate outstanding principal amount of such Loans together with the aggregate LC Obligations (after giving effect to any other repayments or prepayments on such day) exceeds the Revolving Commitments or the Swing Line Loan Commitment, as the case may be, in the amount of such excess.
The initial Assigned Dollar Value of such Borrowing shall be the US Dollar Equivalent so determined.
For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of any Acceptance or the Assigned Dollar Value thereof.