Common use of Currency Fluctuations Clause in Contracts

Currency Fluctuations. (a) On the last Business Day of each calendar month or, in the event that the Exchange Rate fluctuates in excess of ten percent (10%) during such calendar month, any other Business Day in the reasonable discretion of the Agent (the “Calculation Date”), the Agent shall determine the Exchange Rate as of such date. The Exchange Rate so determined shall become effective on the first Business Day immediately following such determination (a “Reset Date”) and shall remain effective until the next succeeding Reset Date. Nothing contained in this Section 2.30 shall be construed to require the Agent to calculate compliance under this Section 2.30 more frequently than once each month.

Currency Fluctuations. (a) On 5.11.1. Not later than 1:00 p.m. on the last Business Day of each calendar month or, in the event that the Exchange Rate fluctuates in excess of ten percent (10%) % during such calendar month, any other Business Day in the reasonable discretion of the Agent (the “"Calculation Date”"), the Agent shall determine the Exchange Rate as of such date. The Exchange Rate so determined shall become effective on the first Business Day immediately following such determination (a “"Reset Date”") and shall remain effective until the next succeeding Reset Date. Nothing contained in this Section 2.30 5.11 shall be construed to require the Agent to calculate compliance under this Section 2.30 5.11 more frequently than once each month.