Examples of Yen Borrowing in a sentence
Each such notice must be received by Administrative Agent not later than 11:00 a.m., (a) four Business Days prior to the requested date of any Yen Borrowing of, conversion to or continuation of Eurocurrency Rate Loans and (b) two Business Days prior to the requested date of any Yen Borrowing of Base Rate Loans or ABR Rate Loans or of any conversion of Eurocurrency Rate Loans denominated in Yen or Dollars to ABR Rate Loans or Base Rate Loans, respectively.
If the requesting Yen Borrower fails to specify a currency in a Yen Loan Notice requesting a Yen Borrowing, then the Yen Loans so requested shall be made in Yen.
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On the first date of each Interest Period (except the initial Interest Period) applicable to each Yen Borrowing, the relevant Borrower shall ratably prepay the Yen Loans included in such Yen Borrowing to the extent, if any, required so that the Dollar Equivalent Amount of the aggregate principal amount of all Yen Loans outstanding immediately after such Interest Period begins will not exceed $25,000,000.
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Each Yen Borrowing under this Section shall be in an aggregate principal amount of Yen 500,000,000 or any larger multiple of Yen 100,000,000 (except that the Dollar Equivalent Amount of any Yen Borrowing may be in the aggregate amount of the unused Yen Commitments) and shall be made from the several Yen Lenders ratably in proportion to their respective Yen Commitments.
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At the end of each Interest Period applicable to a Yen Borrowing, the relevant Borrower may elect the duration of the next succeeding Interest Period applicable thereto by delivering a notice (a "Notice of Yen Interest Period Election") to the Yen Administrative Agent at its address in New York at least four Tokyo Business Days before such Interest Period is to begin.
Accordingly, we shall be bound by any agreements made over the telephone or orally only if we confirm them in writing.