Common use of Conditions relating to Optional Currencies Clause in Contracts

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is HKD, GBP, Swiss Franc or Euro or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that Utilisation. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Issuance Date for that Utilisation; and (ii) it is HKDDollars, GBP, Swiss Franc or Euro Pounds Sterling or has been approved by the Administrative Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Administrative Agent of the relevant Utilisation Issuance Request for that UtilisationUtilisation and for which the Administrative Agent provides a rate of exchange with Euros. (b) If the Administrative Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Administrative Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders Participating Banks have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Revolving Facility Utilisation if: (i) it is a Pre-Approved Currency; or (ii) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is HKD, GBP, Swiss Franc or Euro or Utilisation and has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that Utilisation. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation of a Revolving Facility Loan in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount and for the period required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc Euro or Euro Sterling or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) aboveclause 4.3(a)(ii), the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation Loan in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc or Euro Dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company by the Specified Time for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKDU.S. Dollars, GBP, Swiss Franc or Euro euro or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) aboveclause 4.3(a)(ii), the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiple) for any subsequent Utilisation Loan in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is HKDCAD, GBP, Swiss Franc NOK or Euro USD or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that Utilisation. (b) If the Agent has received a written request from the Company for a currency to be approved under sub-paragraph (a)(ii) above, the Agent will confirm to the Company no later than before the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is HKD, GBP, Swiss Franc euro or Euro dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that Utilisation. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc dollars or Euro sterling or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company Borrower for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than Borrower by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKDDollars, GBP, Swiss Franc or Euro Sterling or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc or Euro or has been approved by the Facility Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Facility Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Facility Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Facility Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency (other than USD, GBP or JPY which are committed Optional Currencies) will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market European interbank market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc or Euro or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKDeuro, GBP, Swiss Franc or Euro sterling or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company for a currency to be approved under sub-paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Utilisation; and (ii) it is HKD, GBP, Swiss Franc sterling or Euro euro or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that Utilisation. (b) If the Agent has received a written request from the Company Parent for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than Parent by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency. (c) If the euro constitutes an Optional Currency at any time, a Utilisation will only be made available in the euro unit or any other units of the euro agreed by the Majority Lenders.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day Date and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc EUR or Euro NOK or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request or Selection Notice for that UtilisationLoan. (b) If the Agent has received a written request from the Company Parent for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than the Specified TimeParent without undue delay: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKD, GBP, Swiss Franc or Euro Dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company by the Specified Time for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than Sappi Limited by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.

Conditions relating to Optional Currencies. (a) A currency will constitute an Optional Currency in relation to a Utilisation Loan if: (i) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that UtilisationLoan; and (ii) it is HKDSterling, GBP, Swiss Franc Japanese Yen or Euro US Dollars or has been approved by the Agent (acting on the instructions of all the Lenders) on or prior to receipt by the Agent of the relevant Utilisation Request for that UtilisationLoan. (b) If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above, the Agent will confirm to the Company no later than by the Specified Time: (i) whether or not the Lenders have granted their approval; and (ii) if approval has been granted, the minimum amount (and, if required, integral multiples) for any subsequent Utilisation in that currency.