Alternative Currency. If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Revolving Credit Loans denominated in Alternative Currencies at such time exceeds an amount equal to 102% of the Alternative Currency Sublimit, then, within two Business Days after receipt of such notice, the Borrowers shall prepay Revolving Credit Loans denominated in Alternative Currencies in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.
Alternative Currency.Currencies. If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Revolving Credit Loans and L/C Obligations denominated in Alternative Currencies at such time exceeds an amount equal to 102%105% of the Alternative Currency Sublimit,Sublimit then in effect, then, within two (2) Business Days after receipt of such notice, the Borrowers shall prepay RevolvingLoans and/or Cash Collateralize Letters of Credit Loans denominated in Alternative Currencies in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.Sublimit then in effect.
Alternative Currency. If at any time the Administrative Agent notifies the Company at any timeBorrower that the Outstanding Amountaggregate principal amount of all Revolving Credit LoansOutstandings denominated in Alternative Currencies at such time exceeds an amount equal to 102%the Minimum Collateral Amount of the Alternative Currency Sublimit, then,Sublimit then in effect, the Borrower agrees to repay within two (2) Business Days after receipt of such notice, by payment to the Borrowers shall prepayAdministrative Agent for the account of the Lenders, Revolving Credit Loans denominated in Alternative Currencies in an aggregate amount thereof sufficient to reduce such Outstanding Amountoutstanding amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.Sublimit then in effect.
Alternative Currency.Mandatory Payments. If the Administrative Agent notifies the Company at any time that the Total Outstanding Amount of all Revolving Credit Loans denominated in Alternative Currencies at such time exceeds an amount equal to 102%105% of the Alternative Currency Sublimit, then, within two Business Days after receipt of such notice, the BorrowersCompany shall prepay Revolving Credit Loans denominated in Alternative Currencies in an aggregate amount sufficient to reduce such Total Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.
Alternative Currency. IfIn the Administrative Agent notifies the Company at any timeevent and on each occasion that the Outstanding Amount of allAggregate Revolving Credit LoansExposure denominated in Alternative Currencies at such time exceeds an amount equal to 102%105% of the Alternative Currency Sublimit, then, within two Business Days after receipt of such notice, the BorrowersBorrower shall immediately prepay Revolving Credit Loans denominatedBorrowings (or, if no such Borrowings are outstanding, deposit cash collateral in Alternative Currenciesan account with the Administrative Agent in accordance with [Section 2.05(i)]) in an aggregate amount sufficientequal to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.excess.
If after giving effect to any such determination of a Dollar Amount for any outstanding Revolving Credit Loans or Letters of Credit denominated in an Alternative Currency. IfCurrency, # the sum of the Total Revolving Credit Outstandings under any Revolving Facility exceeds the Revolving Credit Commitments then in effect under such Revolving Facility by 5.0% or more or # the Dollar Amount for all outstanding Revolving Credit Loans and Letters of Credit denominated in an Alternative Currency exceeds the Alternative Currency Sublimit then in effect by 5.0% or more, in each case the Borrower shall, within five Business Days of receipt of notice thereof from the Administrative Agent notifiessetting forth such calculation in reasonable detail, prepay the Company at any time that the Outstandingapplicable outstanding Dollar Amount of allthe Revolving Credit Loans denominated in Alternative Currencies at suchor take other action as the Administrative Agent, in its discretion, may direct (including Cash Collateralization of the applicable L/C Obligations in amounts from time exceeds an amountto time equal to 102% ofsuch excess) to the Alternative Currency Sublimit, then, within two Business Days after receipt ofextent necessary to eliminate any such notice, the Borrowers shall prepay Revolving Credit Loans denominated in Alternative Currencies in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.excess.
If after giving effect to any such determination of a Dollar Amount, the Administrative Agent notifiessum of the Company at any time thataggregate outstanding amount of the Outstanding Amount of all Revolving Credit Loans denominated in Alternative Currencies at such timeand the Letter of Credit Obligations denominated in Alternative Currencies exceeds an amount equal to 102%the aggregate Dollar Amount of Revolving Commitments then in effect, the Alternative Currency Sublimit, then,β shall, within twofive Business Days afterof receipt of notice thereof from the Administrative β setting forth such notice,calculation in reasonable detail, prepay the Borrowers shall prepayapplicable Revolving Credit Loans denominated in Alternative Currencies under the Revolving Facility or take other action as the Administrative β, in an aggregate amount sufficientits discretion, may direct (including to reduceCash Collateralize the applicable Letter of Credit Obligations) to the extent necessary to eliminate any such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit.excess.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, itβs a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.