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Determination
Determination contract clause examples

Determination of Amount Outstanding. On each Revaluation Date, the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan or LC Exposure that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan or LC Exposure, determined as of such Revaluation Date. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency and the Borrower thereof.

Determination of Amount Outstanding. On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, as of such Business Day or, in the case of a Currency Valuation Notice otherwise received, as of the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency [[Consenting Lenders:Organization]] and the Borrower thereof.

Mandatory Prepayments due to Currency Fluctuations. If the Administrative Agent notifies the Company that on any Computation Date # solely because of currency fluctuations, the Aggregate Outstanding Revolving Credit Exposure exceeds 105% of the Aggregate Revolving Commitment, # solely because of currency fluctuations, the Dollar Amount of all outstanding Multicurrency Revolving Loans exceeds 105% of the amount specified in [clause (iii)] of the proviso to the first sentence of [Section 2.1] or # solely because of currency fluctuations, the LC Exposure exceeds 105% of the amount specified in [subsection 2.18(a)(ii)], then, within two (2) Business Days after receipt of such notice, the Borrowers shall repay Advances comprised of Revolving Loans (or, in the case of [clause (c)] and, if no Advances comprised of Revolving Loans are outstanding, clause (a), deposit funds in an LC Collateral Account) in an amount sufficient to eliminate such excess.

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