Examples of Notice of Redenomination in a sentence
In the case of a Notice of Redenomination which requests a Redenomination of Advances into an Alternate Currency, such Redenomination is subject to confirmation by Bank not later than the third Business Day before the requested date of such Redenomination that such Bank agrees to such Redenomination.
Each such notice of request of a Redenomination (a "Notice of Redenomination") shall be by telephone, telecopier, telex or cable, in substantially the form of Exhibit E hereto, specifying (i) the Eurocurrency Rate Advances comprising the Revolving Borrowing to be Redenominated, (ii) the date of the proposed Redenomination, (iii) the currency into which such Revolving Advances are to be Redenominated and (iv) the duration of the Interest Period for such Revolving Advances upon being so Redenominated.
Each Advance so requested to be Redenominated will be Redenominated, on the date specified therefor in such Notice of Redenomination, into an equivalent amount thereof in the currency requested in such Notice of Redenomination, such equivalent amount to be determined on such date in accordance with Section 2.13, and, upon being so Redenominated, will have an initial Interest Period as requested in such Notice of Redenomination.
In the case of a Notice of Redenomination which requests a Redenomination of Advances into an Alternate Currency, such Redenomination is subject to confirmation by Bank not later than the third Business Day before the requested date of such Redenomination that such Bank agrees to such Redenomination, which confirmation shall be notified to the Borrower.
Each Revolving Advance so requested to be Redenominated will be Redenominated, on the date specified therefor in such Notice of Redenomination, into an equivalent amount thereof in the currency requested in such Notice of Redenomination, such equivalent amount to be determined on such date in accordance with Section 2.01 (l), and, upon being so Redenominated, will have an initial Interest Period as requested in such Notice of Redenomination.
In the case of a Notice of Redenomination which requests a Redenomination of Revolving Advances into an Alternate Currency, such Redenomination is subject to confirmation by Bank not later than the third Business Day before the requested date of such Redenomination that such Bank agrees to such Redenomination.
Each Advance so requested to be Redenominated will be Redenominated, on the date specified therefor in such Notice of Redenomination, into an equivalent amount thereof in the currency requested in such Notice of Redenomination, such equivalent amount to be determined on such date in accordance with Section 2.7, and, upon being so Redenominated, will have an initial Interest Period as requested in such Notice of Redenomination.