Examples of Assigned Dollar Value in a sentence
The Administrative Agent shall determine the applicable Spot Exchange Rate as of the date three Business days before the end of an Interest Period with respect to a Borrowing denominated in an Alternative Currency and shall promptly notify the Company and the Lenders whether the Dollar Equivalent of such Borrowing exceeds by more than 5% the Assigned Dollar Value thereof.
In the event that any Borrowing denominated in an Alternative Currency shall be prepaid in part, the Assigned Dollar Value of such Borrowing shall be allocated ratably to the prepaid portion of such Borrowing and the portion of such Borrowing remaining outstanding.
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.
The initial Assigned Dollar Value of such Borrowing shall be the US Dollar Equivalent so determined.
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.