Limit on currencies; non-availability Sample Clauses

Limit on currencies; non-availability. 4.2.1 The Loan or any part thereof may not be drawn down in and may not be converted into or remain outstanding in an Optional Currency if:
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Limit on currencies; non-availability. 4.2.1 A Tranche may not be drawn down in, converted into or remain outstanding in an Optional Currency if:
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Limit on currencies; non-availability. An RC Advance may not be made in or remain outstanding in an Optional Currency (other than Sterling or Dollars) if (a) any Bank determines that deposits of such Optional Currency are not readily available to such Bank in an amount comparable with such Bank's participation in the relevant RC Advance and so notifies the Agent not later than 3 p.m. on the third Banking Day before the proposed Utilisation Date or (b) the Agent determines after consultation with the relevant Reference Banks (which determination shall be conclusive) at any time prior to 10 a.m. (local time in the place of payment) on the Utilisation Date that by reason of any change in currency availability, currency exchange rates or exchange controls it is or will be impracticable for the relevant RC Advance to be made in that Optional Currency. Accordingly, in the event the
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Limit on currencies; non-availability. A Revolving Credit Advance may not be drawn down in an Optional Currency if (a) in consequence thereof there would be Revolving Credit Advances outstanding in more than 4 different currencies or (b) any Bank notifies the Agent not later than 3 p.m. on the third Banking Day before the proposed Drawdown Date (in the case of Sterling, not later than 3 p.m. on the Banking Day before the proposed Drawdown Date) that deposits of such Optional Currency are not readily available to such Bank in an amount comparable with such Bank's portion of the relevant Revolving Credit Advance or (c) the Agent determines (acting reasonably) after consultation with the Reference Banks at any time prior to 10 a.m. (local time in the place of payment) on the Drawdown Date that by reason of any change in currency availability, currency exchange rates or exchange controls it is or will be impracticable for the relevant Revolving Credit Advance to be drawn down in that Optional Currency. Accordingly, in any such event, the relevant Revolving Credit Advance shall be drawn down in Dollars.
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Limit on currencies; non-availability. An Advance may not be drawn down in, converted into or remain outstanding in an Optional Currency if:
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Limit on currencies; non-availability. A Revolving Credit Advance may not be drawn down in an Optional Currency if (a) in consequence thereof there would be Revolving Credit Advances outstanding in more than 4 different currencies or (b) any Bank notifies the Agent not later than 3 p.m. on the third Banking Day before the proposed Drawdown Date (or in the case of Dollars not later than 5 p.m. on such date) that deposits of such Optional Currency are not readily available to such Bank in an amount comparable with such Bank's portion of the relevant Revolving Credit Advance or (c) the Agent determines (acting reasonably) after consultation with the Reference Banks at any time prior to 10 a.m. (local time in the place of payment) on the Drawdown Date that by reason of any change in currency availability, currency exchange rates or exchange controls it is or will be impracticable for the relevant Revolving Credit Advance to be drawn down in that Optional Currency. Accordingly, in any such event, the relevant Revolving Credit Advance shall be drawn down in Sterling.
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Related to Limit on currencies; non-availability

  • Alternative Currencies In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Revolving Credit Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

  • Foreign Currency Calculations (a) For purposes of determining the Dollar Equivalent of any Advance denominated in a Foreign Currency or any related amount, the Administrative Agent shall determine the Exchange Rate as of the applicable Exchange Rate Date with respect to each Foreign Currency in which any requested or outstanding Advance is denominated and shall apply such Exchange Rates to determine such amount (in each case after giving effect to any Advance to be made or repaid on or prior to the applicable date for such calculation).

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • Dollar Equivalents The Administrative Agent shall determine the Dollar Equivalent of any amount as required hereby, and a determination thereof by the Administrative Agent shall be conclusive absent manifest error. The Administrative Agent may, but shall not be obligated to, rely on any determination made by any Loan Party in any document delivered to the Administrative Agent. The Administrative Agent may determine or redetermine the Dollar Equivalent of any amount on any date either in its own discretion or upon the request of any Lender or Issuer.

  • Optional Currencies 25 8. Repayment....................................................... 29 9.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Swingline Loans Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

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