No later than 1:00 P.M., New York City time, on each Calculation Date with respect to a Foreign Currency, the Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currency; provided that upon receipt of a borrowing request pursuant to [Section 2.04(b)] or the issuance of any Multicurrency Letter of Credit, the Administrative Agent shall determine the Exchange Rate with respect to the relevant Foreign Currency on the related Calculation Date. The Exchange Rates so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than any provision requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and Foreign Currencies.

NoNot later than 1:00 P.M.p.m., New York City time, on each Calculation Date with respect to a Foreign Currency,Date, the Administrative Agent shall # determine the Exchange Rate as of such Calculation Date with respect to suchthe applicable Permitted Foreign Currency; provided that upon receipt of a borrowing request pursuant to [Section 2.04(b)] or the issuance of any Multicurrency Letter of Credit, the Administrative Agent shall determine the Exchange Rate with respectCurrency and # give notice thereof to the relevant Foreign Currency onapplicable Issuing Bank and the related Calculation Date.Borrower. The Exchange Rates so determined shall become effective in the case of each subsequent Calculation Date, on the relevantfirst Business Day immediately following such Calculation Date (a “Reset Date”“Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than any provision expressly requiring the use of a current Exchange Rate)exchange rate) be the Exchange Rates employed in converting any amounts between Dollarsdollars and any Permitted Foreign Currencies.Currency.