Examples of Available Foreign Currencies in a sentence
The Borrower may elect from time to time to convert ABR Loans to LIBOR Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election in the case of LIBOR Loans in Dollars and at least four Business Days’ prior irrevocable notice of such election in the case of LIBOR Loans in Available Foreign Currencies.
Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
Letters of Credit shall be denominated in Dollars or Available Foreign Currencies.
Revolving Loans which are denominated in Dollars may consist of Alternate Base Rate Loans or LIBOR Rate Loans and Revolving Loans which are denominated in Available Foreign Currencies shall consist solely of LIBOR Rate Loans, provided that no more than four (4) separate LIBOR Rate Loans denominated in Available Foreign Currencies may exist at any time, no more than six (6) LIBOR Rate Loans (including LIBOR Rate Loans denominated in Available Foreign Currencies) may exist at any time.
The US Dollar Equivalent so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date, except as otherwise provided, and shall for all purposes of this Agreement be the Dollar Equivalent employed in converting any amounts between (x) Dollars or (y) Euros and other Available Foreign Currencies.