Common use of Market Disruption Clause in Contracts

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp)

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Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Company, the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowersapplicable Borrower, and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Woodward, Inc.), Woodward Credit Agreement (Woodward, Inc.), Credit Agreement (Woodward, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out subject to satisfaction of all applicable conditions in Section 2.15Article IV, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount approximately equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Bemis Co Inc), Credit Agreement (Bemis Co Inc), Credit Agreement (Bemis Co Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance Loan in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance Loan any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance Loan to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans Loan shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made in Dollars on the requested date for such Borrowing Date in DollarsLoan to be extended, with such Loan being made in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice request for funding, continuation or Conversion/Continuation Noticeconversion, as the case may be, as Floating a Base Rate LoansLoan, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice request for funding, continuation or Conversion/Continuation Noticeconversion, as the case may be.

Appears in 4 contracts

Samples: Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance or Facility LC in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance or the date of issuance of such Facility LC any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance or Facility LC to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans or Facility LC shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Base Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than DollarsForeign Currency, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative applicable Borrower, the Agent or the Required Revolving Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower and the Borrowers, Revolving Lenders or such Borrower shall give notice thereof to the Revolving Lenders, and as the European Administrative Agent or the Canadian Administrative Agent, as applicablecase may be, and such Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the opinion of the Administrative Agent and the Required Revolving Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative applicable Borrower, the Agent or the Required Revolving Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower and the Borrowers, Revolving Lenders or such Borrower shall give notice thereof to the Revolving Lenders, and as the European Administrative Agent or the Canadian Administrative Agent, as applicablecase may be, and such Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the opinion of the Administrative Agent and the Required Revolving Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable relevant Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable relevant Borrower notifies the Administrative Agent at least one two (2) Business Day Days before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Cardinal Health Inc), Assignment Agreement (Cardinal Health Inc), Assignment and Assumption Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance Credit Event to be effected in any Agreed Currency other than DollarsForeign Currency, if (i) there shall occur on or prior to the date of such Advance Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans Borrowings or Letters of Credit comprising such Advance Credit Event to be denominated in the Agreed Currency specified by the applicable BorrowerBorrower or (ii) an Equivalent Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to the Borrowerssuch Borrower, the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, Lenders and such Loans Credit Events shall not be denominated in such Agreed Currency but shall, except as otherwise set out forth in Section 2.152.07, be made on the date of such Borrowing Date Credit Event in Dollars, Dollars in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice Credit Event Request or Conversion/Continuation NoticeInterest Election Request, as the case may be, as Floating Rate ABR Loans, unless the applicable such Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice Credit Event Request or Conversion/Continuation NoticeInterest Election Request, as the case may be.

Appears in 2 contracts

Samples: Pledge Agreement (Tennant Co), Credit Agreement (Tennant Co)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV 5 with respect to any Advance or any Letter of Credit in any Agreed Currency currency other than Dollars, if there shall occur on or prior to the date of such Advance or issuance of such Letter of Credit any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Committed Loans or Fronted Loans, as applicable, comprising such Advance or such Letter of Credit to be denominated in the Agreed Currency currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, such Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans or such Letter of Credit shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15the case of Eurocurrency Committed Loans, be made on such Borrowing Date as Floating Rate Loans or issued on such date in Dollars, in the case of Letters of Credit, be issued on such date in Dollars and, in the case of Fronted Loans, be made on such Borrowing Date as Eurocurrency Rate Loans on such date in Dollars, in an aggregate principal amount or face amount equal to the Dollar Amount of the aggregate principal amount or face amount specified in the related Committed Borrowing Notice Notice, LOC Documents or Conversion/Continuation Fronted Borrowing Notice, as the case may be, as Floating Rate Loansapplicable, unless the applicable such Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow or have such Letter of Credit issued on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may bedate.

Appears in 2 contracts

Samples: Assignment Agreement (Whirlpool Corp /De/), Assignment Agreement (Whirlpool Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all ----------------- conditions referred to in Article II and Article IV with respect to any Advance in any ---------- Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative applicable Borrower, the Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower and the Borrowers, Lenders or such Borrower shall give notice thereof to the Lenders, and as the European Administrative Agent or the Canadian Administrative Agent, as applicablecase may be, and such Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Gardner Denver Inc), Credit Agreement (Gardner Denver Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance or Facility LC in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance or the date of issuance of such Facility LC any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which that would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance or Facility LC to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans or Facility LC shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Base Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Cabelas Inc), Credit Agreement (Cabelas Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative applicable Borrower, the Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to such Borrower and the Borrowers, Lenders or such Borrower shall give notice thereof to the Lenders, and as the European Administrative Agent or the Canadian Administrative Agent, as applicablecase may be, and such Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the opinion of the Administrative Agent and Agent, the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Gardner Denver Inc), Credit Agreement (Gardner Denver Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Borrower, the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, or the Borrower shall give notice to the Administrative Agent and the European Administrative Agent or the Canadian Administrative Agent, as applicable, Lenders and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice Notice. Calculation of Amounts. Except as set forth in Sections 2.1, 2.2 and 2.5, all amounts referenced in this Article II shall be calculated using the Dollar Amount determined based upon the Equivalent Amount in effect as of the date of any determination thereof; provided, however, to the extent that the Borrower shall be obligated hereunder to pay in Dollars any Advance denominated in a currency other than Dollars, such amount shall be paid in Dollars using the Dollar Amount of the Advance (calculated based upon the Equivalent Amount in effect on the date of payment thereof) and in the event that the Borrower does not reimburse the Administrative Agent and the Lenders are required to fund a purchase of a participation in such Advance, such purchase shall be made in Dollars in an amount equal to the Dollar Amount of such Advance (calculated based upon the Equivalent Amount in effect on the date of payment thereof). Notwithstanding anything herein to the contrary, the full risk of currency fluctuations shall be borne by the Borrower and the Borrower agrees to indemnify and hold harmless the Issuing Bank, the Swing Line Bank, the Administrative Agent and the Lenders from and against, without limitation, (i) any loss resulting from any borrowing denominated in a currency other than in Dollars and for which the Lenders are not reimbursed on the day of such borrowing, (ii) the payment in Dollars of any Loan or Conversion/Continuation Notice, as other Obligations denominated in a currency other than Dollars and (iii) the case may be.advancement and repayment of Eurocurrency Rate Loans and Opt-Out Loans constituting a single Eurocurrency Advance. THE LETTER OF CREDIT FACILITY

Appears in 2 contracts

Samples: Credit Agreement (Steiner Leisure LTD), Credit Agreement (Steiner Leisure LTD)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV 5 with respect to any Advance or any Letter of Credit in any Agreed Currency currency other than Dollars, if there shall occur on or prior to the date of such Advance or issuance of such Letter of Credit any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Committed Loans or Fronted Loans, as applicable, comprising such Advance or such Letter of Credit to be denominated in the Agreed Currency currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, such Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans or such Letter of Credit shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15the case of Eurocurrency Committed Loans, be made on such Borrowing Date as Floating Rate Loans or issued on such date in Dollars, in the case of Letters of Credit, be issued on such date in Dollars and, in the case of Fronted Loans, be made on such Borrowing Date as Fixed Rate Loans on such date in Dollars, in an aggregate principal amount or face amount equal to the Dollar Amount of the aggregate principal amount or face amount specified in the related Committed Borrowing Notice Notice, LOC Documents or Conversion/Continuation Fronted Borrowing Notice, as the case may be, as Floating Rate Loansapplicable, unless the applicable such Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow or have such Letter of Credit issued on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may bedate.

Appears in 2 contracts

Samples: Assignment Agreement (Whirlpool Corp /De/), Credit Agreement (Whirlpool Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance Credit Event to be effected in any Agreed Currency other than DollarsAlternative Currency, if (i) there shall occur on or prior to the date of such Advance Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or Lenders having greater than 50% of the Required Lenders European Tranche Commitments make it impracticable for the Eurocurrency Loans Borrowings comprising such Advance Credit Event to be denominated in the Agreed Alternative Currency specified by the applicable Borrower, or (ii) a US Dollar Equivalent of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans Credit Events shall not be denominated in such Agreed Alternative Currency but shall, except as otherwise set out forth in Section 2.152.07, be made on the date of such Borrowing Date Credit Event in US Dollars, in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice request for a Credit Event or Conversion/Continuation NoticeInterest Election Request, as the case may be, as Floating Rate LoansEurocurrency Loans having an Interest Period of one month, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Alternative Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required European Lenders be practicable and in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice request for a Credit Event or Conversion/Continuation NoticeInterest Election Request, as the case may be.

Appears in 2 contracts

Samples: Intercreditor Agreement (Insight Enterprises Inc), Credit Agreement (Insight Enterprises Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Borrowers, the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Catalina Marketing Corp/De), Credit Agreement (Catalina Marketing Corp/De)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV 5 with respect to any Advance or any Letter of Credit in any Agreed Currency currency other than Dollars, if there shall occur on or prior to the date of such Advance or issuance of such Letter of Credit any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Committed Loans comprising such Advance or such Letter of Credit to be denominated in the Agreed Currency currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, such Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans or such Letter of Credit shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15the case of Eurocurrency Committed Loans, be made on such Borrowing Date as Floating Rate Loans or issued on such date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may beof Letters of Credit, as Floating Rate Loansbe issued on such date in Dollars, LOC Documents unless the applicable such Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow or have such Letter of Credit issued on such date or (b) it elects date. If with respect to borrow on such date any Eurocurrency Committed Loans the Eurocurrency Base Rate cannot be determined in a different Agreed Currencyaccordance with the terms thereof, as the case may be, in which the denomination of such Loans would in the opinion of then the Administrative Agent shall forthwith give notice thereof to the applicable Borrower and the Required Lenders Lenders, and such Loans shall be practicable and made on such Borrowing Date as Floating Rate Loans in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may beDollars.

Appears in 1 contract

Samples: Assignment Agreement (Whirlpool Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all ----------------- conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out forth in Section 2.152.14, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or and/or Conversion/Continuation Notice, as the case may be, Request as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or and/or Conversion/Continuation Notice, as the case may beRequest.

Appears in 1 contract

Samples: Credit Agreement (Qad Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Revolving Advance in any Agreed Currency other than Dollarsa Foreign Currency, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans or Daily Simple RFR Loans comprising such Revolving Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Revolving Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which provided that (i) the denomination of such Revolving Loans in such different Agreed Currency would in the opinion of the Administrative Agent and the Required Revolving Lenders be practicable and (ii) such borrowing shall be in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance Borrowing in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance Borrowing to be denominated in the Agreed Currency specified by the applicable BorrowerBorrowers, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, US Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out forth in Section 2.152.03(b), be made on the proposed date of such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice Request or Conversion/Continuation NoticeInterest Election Request, as the case may be, as Floating Rate ABR Loans, unless the applicable US Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice Request or Conversion/Continuation NoticeInterest Election Request, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electric Co Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith shall, at least two (2) Business Days before the relevant Borrowing Date, give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount as of such Borrowing Date of the aggregate principal amount specified in the related Borrowing Notice or Borrowing/Conversion/Continuation Notice, as the case may be, as Floating Base Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date Borrowing Date that (ai) it elects not to borrow on such date Borrowing Date or (bii) it elects to borrow on such date Borrowing Date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Borrowing/Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (C H Robinson Worldwide Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II 2 and Article IV 4 with respect to any Advance to be made in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out forth in Section 2.152.14, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Clarcor Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior 50 to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable relevant Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable relevant Borrower notifies the Administrative Agent at least one two (2) Business Day Days before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance Credit Event to be effected in any Agreed Currency other than DollarsAlternative Currency, if (i) there shall occur on or prior to the date of such Advance Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or Lenders having greater than 50% of the Required Lenders European Tranche Commitments make it impracticable for the Eurocurrency Loans Borrowings comprising such Advance Credit Event to be denominated in the Agreed Alternative Currency specified by the applicable Borrower, or (ii) a US Dollar Equivalent of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans Credit Events shall not be denominated in such Agreed Alternative Currency but shall, except as otherwise set out forth in Section 2.152.07, be made on the date of such Borrowing Date Credit Event in US Dollars, in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice request for a Credit Event or Conversion/Continuation NoticeInterest Election Request, as the case may be, as Floating Rate LoansEurocurrency Loans having an Interest Period of one month, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Alternative Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required European Tranche Lenders be practicable and in an aggregate principal amount equal to the US Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice request for a Credit Event or Conversion/Continuation NoticeInterest Election Request, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Insight Enterprises Inc)

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Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II 2 and Article IV 3 with respect to any Advance Borrowing in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders Banks make it impracticable for the Eurocurrency Loans comprising such Advance Borrowing to be denominated in the Agreed Currency specified by the applicable relevant Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, the Lenders, such Borrower and the European Administrative Agent or the Canadian Administrative Agent, as applicableBanks, and such Loans shall not be denominated in such Agreed Currency Currency, but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable such Borrower notifies the Administrative Agent at least one four Eurocurrency Business Day Days or such shorter period of time agreed to by the Agent before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders Banks be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article this ARTICLE II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Borrower, the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the BorrowersBorrower, and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Company, the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowersapplicable Borrower, and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating 55 Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Woodward, Inc.)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable relevant Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable relevant Borrower notifies the Administrative Agent at least one two Business Day Days before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV Section 4.2 with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Base Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cameron International Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV Section 4.2 with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, the Lenders, Lenders and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cameron International Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II ‎II and Article IV ‎IV with respect to any Revolving Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Revolving Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Revolving Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which provided that (i) the denomination of such Revolving Loans in such different Agreed Currency would in the opinion of the Administrative Agent and the Required Revolving Lenders be practicable and (ii) such borrowing shall be in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Market Disruption. Notwithstanding the satisfaction of all ----------------- conditions referred to in Article II and Article IV with respect to any Advance in any ---------- Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Borrower, Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrower and the Lenders, and The Borrower shall give notice to the European Administrative Agent or Lenders as the Canadian Administrative Agent, as applicable, case may be and such Eurocurrency Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects 29 35 not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Eurocurrency Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Assignment Agreement (Gardner Denver Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV V with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, such Borrower and the Lenders, and the European Administrative Agent or the Canadian applicable Borrower shall give notice to the Administrative Agent, and the Lenders, as applicablethe case may be, and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, Currency in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (a) it elects not to borrow on such date or (b) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cooper Cameron Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in this Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Borrower, the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Rate Loans comprising such Advance to be denominated in the Agreed Currency Currency, specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the BorrowersBorrower, and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Eurocurrency Rate Loans shall not be denominated in such Agreed Currency currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance Swing Loan in any Agreed Currency other than DollarsCurrency, if there shall occur on or prior to the date of such Advance Loan any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance Swing Loan to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicableBorrower, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable relevant Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV herein with respect to any Advance proposed Eurocurrency Borrowing in any Agreed Eligible Currency other than Dollars, if there shall occur on or prior to the date of such Advance Eurocurrency Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Majority Lenders make it impracticable for the such Eurocurrency Loans comprising such Advance Borrowing to be denominated in the Agreed Eligible Currency specified by the applicable a Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, U.S. Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not thereafter be denominated and funded in such Agreed Eligible Currency but shall, except as otherwise set out forth in Section 2.15Article II, be made on such Borrowing Date date in Dollars, in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation NoticeRequest for Extension of Credit, as the case may be, as Floating Base Rate LoansLoans to the U.S. Borrower, unless the applicable U.S. Borrower notifies the Administrative Agent at least one Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Eligible Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Majority Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount Equivalent of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation NoticeRequest for Extension of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International Inc /New/)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II II, this Article III and Article IV with respect to any Advance Loan in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance Loan any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls controls, or any other event, in each case, which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency LIBOR Rate Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, such Borrower and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans Loan shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing or Notice or of Conversion/Continuation NoticeContinuation, as the case may be, as Floating a Base Rate LoansLoan, unless the applicable Borrower notifies the Administrative Agent at least one (1) Business Day before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing or Notice or of Conversion/Continuation NoticeContinuation, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable relevant Borrower, then the Administrative Agent shall forthwith give notice thereof to the Borrowers, Borrowers and the Lenders, and the European Administrative Agent or the Canadian Administrative Agent, as applicable, and such Loans shall not be denominated in such Agreed Currency but shall, except as otherwise set out in Section 2.15, shall be made on such Borrowing Date in Dollars, in an aggregate principal amount -45 equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless the applicable relevant Borrower notifies the Administrative Agent at least one two (2) Business Day Days before such date that (ai) it elects not to borrow on such date or (bii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Cardinal Health Inc)

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