Common use of Currency Availability Clause in Contracts

Currency Availability. In the case of any Eurocurrency Borrowing in a currency other than Dollars or an Agreed Alternative Currency, the fact that no Lender shall have notified the Administrative Agent (which shall promptly notify the Borrower and the other Lenders) within two Business Days of such Lender’s receipt of the Notice of Borrowing for such Eurocurrency Borrowing that deposits in the relevant currency are not available to such Lender in the applicable interbank market for the relevant Interest Period. The delivery of each Notice of Borrowing shall constitute a representation and warranty by the Borrowers of the correctness of the matters specified in subsections (b) and (c) above.

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Carpenter Technology Corp)

Currency Availability. In the case of any Eurocurrency Borrowing in a currency other than Dollars or an Agreed Alternative Currency, the fact that no Lender shall have notified the Administrative Agent (which shall promptly notify the Borrower and the other Lenders) within two Business Days of such Lender’s 's receipt of the Notice of Borrowing for such Eurocurrency Borrowing that deposits in the relevant currency are not available to such Lender in the applicable interbank market for the relevant Interest Period. The delivery of each Notice of Borrowing shall constitute a representation and warranty by the Borrowers of the correctness of the matters specified in subsections (b) and (c) above.

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Carpenter Technology Corp)