Example ContractsClausesAlternative Currency Letters of Credit
Alternative Currency Letters of Credit
Alternative Currency Letters of Credit contract clause examples

Letters of Credit”: as defined in [Section 3.1(a)]. Letters of Credit may be denominated in Dollars or an Alternative Currency.

Alternative Currency Letters of Credit. In the case of an Alternative Currency Letter of Credit, 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 Bank of America, in its capacity as an Issuing Lender, or the Administrative Agent would make it impracticable for such Alternative Currency Letter of Credit to be denominated in the relevant Alternative Currency.

Alternative Currency. In the case of Loans or Letters of Credit 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 Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the Issuing Lender (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Loan or Letter of Credit to be denominated in the relevant Alternative Currency.

Alternative Currency” means, with respect to the Revolving Credit Facility (including Letters of Credit issued thereunder), Canadian Dollars, Euros and Pounds Sterling together with each other currency (other than Dollars) that is approved in accordance with Section 1.10; provided that, for each Alternative Currency, such requested currency is an Eligible Currency.

Letter of Credit” means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit. Letters of Credit may be issued in Dollars or in an Alternative Currency.

Alternative Currency Letter of Credit” means any Letter of Credit denominated in an Alternative Currency and “Alternative Currency Letters of Credit” means the collective reference to all Letters of Credit denominated in an Alternative Currency.

Alternative Currency. In the case of Loans or Letters of Credit 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 Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the Issuing Lender (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Loan or Letter of Credit to be denominated in the relevant Alternative Currency.

Alternative Currency. There shall not have occurred any material and adverse 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 or the Required Lenders would make it impracticable for such Loan to be denominated in AUD.

Alternative Currency Letters of Credit. In the case of an Alternative Currency Letter of Credit, such currency remains an Eligible Currency.

Letters of Credit”: as defined in Section 3.1(a). Letters of Credit may be denominated in Dollars or an Alternative Currency.

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