Common use of CURRENCY CHANGE Clause in Contracts

CURRENCY CHANGE. If a Term Advance is to be denominated in different currencies during two successive Interest Periods, then, on the last day of the first of those Interest Periods: 4.4.1 each Bank shall pay an amount equal to its portion of the New Amount of such Term Advance to the Facility Agent, who shall hold the same on behalf of such Bank; 4.4.2 the Facility Agent shall: (a) apply the amount so made available to it by each Bank in or towards the purchase of such Bank's portion of the Existing Amount of such Term Advance and pay the amount so purchased to such Bank; and (b) pay any portion of the amount made available to it by the Banks and not applied in accordance with sub-clause 4.4.2 (a) to the relevant Borrower or, if an Event of Default shall have occurred and the Facility Agent or an Instructing Group so determines, to the Banks, any amount so paid to the Banks being treated as if it were a prepayment made by the relevant Borrower under Clause 15.1 (Prepayment of the Term Outstandings); and 4.4.3 the relevant Borrower shall pay to the Facility Agent for the account of each Bank a sum equal to the amount (if any) by which such Bank's share of the Existing Amount of such Term Advance exceeds the portion thereof purchased by the Facility Agent pursuant to sub-clause 4.4.2(a).

CURRENCY CHANGE. If a Term A2 Advance is to be denominated in different currencies during two successive Interest Periods, then, on the last day of the first of those Interest Periods: 4.4.1 (a) each Bank shall pay an amount equal to its portion of the New Amount of such Term Advance to the Facility Agent, who shall hold the same on behalf of such Bank; 4.4.2 (b) the Facility Agent shall: (ai) apply the amount so made available to it by each Bank in or towards the purchase of such Bank's portion of the Existing Amount of such Term A2 Advance and pay the amount so purchased to such Bank; and (bii) pay any portion of the amount made available to it by the Banks and not applied in accordance with sub-clause 4.4.2 (ai) above to the relevant Borrower or, if an Event of Default shall have occurred and the Facility Agent or an Instructing Group so determines, to the Banks, any amount so paid to the Banks being treated as if it were a prepayment made by the relevant Borrower under Clause 15.1 15.2 (Prepayment of the Term OutstandingsPREPAYMENT OF THE TERM OUTSTANDINGS); and 4.4.3 (c) the relevant Borrower shall pay to the Facility Agent for the account of each Bank a sum equal to the amount (if any) by which such Bank's share of the Existing Amount of such Term A2 Advance exceeds the portion thereof purchased by the Facility Agent pursuant to sub-clause 4.4.2(a3.6.4(b)(i).;