Common use of Amount of Optional Currencies Clause in Contracts

Amount of Optional Currencies. (a) If a Revolving Loan is to be drawn down in an Optional Currency, the amount of each Lender’s participation in that Revolving Loan will be determined by converting into that Optional Currency that Lender’s participation in the Original Dollar Amount of that Revolving Loan on the basis of the Facility Agent’s Spot Rate of Exchange one Business Day before the Rate Fixing Day applicable to that Loan. (b) The Facility Agent shall notify the Lenders and the Obligors’ Agent of Optional Currency amounts (and the applicable Facility Agent’s Spot Rate of Exchange) promptly after they are ascertained.

Amount of Optional Currencies. (a) If a Revolving Loan is to be drawn down in an Optional Currency, the amount of each Lender’s Bank's participation in that Revolving Loan will be determined by converting into that Optional Currency that Lender’s Bank's participation in the Original Dollar Amount of that Revolving Loan on the basis of the Facility Agent’s 's Spot Rate of Exchange one two Business Day Days or, in the case of a Loan denominated in an Optional Currency, three Business Days before the Rate Fixing Day applicable to that Loanits Drawdown Date. (b) The Facility Agent shall notify the Lenders Banks and the Obligors’ ' Agent of Optional Currency amounts (and the applicable Facility Agent’s 's Spot Rate of Exchange) promptly after they are ascertained.