Computation Date definition
Examples of Computation Date in a sentence
The Agent will promptly notify the Company and the Revolving Lenders of any such redenomination and in such notice by the Agent to each Revolving Lender the Agent will state the aggregate Dollar Equivalent amount of the redenominated Alternative Currency Daily Rate Loans assumed by the Company as of the Computation Date with respect thereto and such Revolving L▇▇▇▇▇’s Revolving Percentage thereof.
The Agent will promptly notify the Company and the Revolving Lenders of any such redenomination and in such notice by the Agent to each Revolving Lender the Agent will state the aggregate Dollar Equivalent amount of the redenominated Alternative Currency Term Rate Loans assumed by the Company as of the Computation Date with respect thereto and such Revolving Lender’s Revolving Percentage thereof.
With respect to any determination of any Dollar Equivalent of an amount in any Alternative Currency or any other currency, such Dollar Equivalent shall become effective as of each applicable Computation Date and shall be the Dollar Equivalent of such amounts until the next Computation Date to occur.