Determination of Dollar Amounts. The Administrative Agent will determine the Dollar Amount of: (a) each Eurocurrency Borrowing or Canadian Borrowing as of the date two (2) Business Days prior to the date of such Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Eurocurrency Borrowing or Canadian Borrowing, as applicable, (b) each Foreign Swingline Loan on the date of the making of such Swingline Loan, (c) the LC Exposure as of the date of each request for the issuance, amendment, renewal or extension of any Letter of Credit, and (d) all outstanding Credit Events on and as of the last Business Day of each calendar quarter and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Majority Facility Lenders under the Revolving Facility or the Term Loan Facility, as the case may be. Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b), (c) and (d) is herein described as a “Computation Date” with respect to each Credit Event for which a Dollar Amount is determined on or as of such day.
Appears in 4 contracts
Sources: Credit Agreement (Capri Holdings LTD), Credit Agreement (Capri Holdings LTD), Credit Agreement (Capri Holdings LTD)
Determination of Dollar Amounts. The Administrative Agent will determine the Dollar Amount of:
(a) each Multicurrency Tranche Eurocurrency Borrowing, BA Equivalent Borrowing or Canadian Additional Term Loan Borrowing as of the date two three (23) Business Days prior to the date of such Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Multicurrency Tranche Eurocurrency Borrowing or Canadian BA Equivalent Borrowing, as applicable,
(b) each Foreign Swingline Loan on the date of the making of such Swingline Loan,
(c) the LC Exposure as of the date of each request for the issuance, amendment, renewal or extension of any Letter of Credit,
(c) the Swingline Exposure as of the date of each request for any Swingline Loan, and
(d) all outstanding Credit Events on and as of the last Business Day of each calendar quarter and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Majority Facility Lenders under the Revolving Facility or the Term Loan Facility, as the case may beRequired Lenders. Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b), (c) and (dc) is herein described as a “Computation Date” with respect to each Credit Event for which a Dollar Amount is determined on or as of such day.
Appears in 3 contracts
Sources: Credit Agreement (LKQ Corp), Credit Agreement (LKQ Corp), Credit Agreement (LKQ Corp)
Determination of Dollar Amounts. The Administrative Agent will determine the Dollar Amount of:
(a) each Multicurrency Tranche Eurocurrency Borrowing, BA Equivalent Borrowing or Canadian Additional Term Loan Borrowing as of the date two three (23) Business Days prior to the date of such Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Multicurrency Tranche Eurocurrency Borrowing or Canadian BA Equivalent Borrowing, as applicable,
(b) each Foreign Swingline Loan on the date of the making of such Swingline Loan,
(c) the LC Exposure as of the date of each request for the issuance, amendment, renewal or extension of any Letter of Credit, and
(dc) all outstanding Credit Events on and as of the last Business Day of each calendar quarter and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Majority Facility Lenders under the Revolving Facility or the Term Loan Facility, as the case may beRequired Lenders. Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b), (c) and (dc) is herein described as a “Computation Date” with respect to each Credit Event for which a Dollar Amount is determined on or as of such day.
Appears in 3 contracts
Sources: Amendment and Restatement Agreement (LKQ Corp), Amendment and Restatement Agreement (LKQ Corp), Amendment and Restatement Agreement (LKQ Corp)
Determination of Dollar Amounts. The Administrative Agent will determine the Dollar Amount of:
(a) each Eurocurrency Borrowing or Canadian Borrowing and, if elected by the Administrative Agent, all outstanding Credit Events, as of the date two (2) Business Days prior to the date of such Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Eurocurrency Borrowing or Canadian Borrowing, as applicable,
(b) each Foreign Swingline Loan on the date of the making of such Swingline Loan,
(c) the LC Exposure and, if elected by the Administrative Agent, all outstanding Credit Events, as of the date of each request for the issuance, amendment, renewal or extension of any Letter of Credit, and
(dc) all outstanding Credit Events on and as of the last Business Day of each calendar quarter and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Majority Facility Lenders under the Revolving Facility or the Term Loan Facility, as the case may beRequired Lenders. Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b), (c) and (dc) is herein described as a “Computation Date” with respect to each Credit Event for which a Dollar Amount is determined on or as of such day.
Appears in 3 contracts
Sources: Credit Agreement (Stepan Co), Credit Agreement (Stepan Co), Credit Agreement (Stepan Co)
Determination of Dollar Amounts. The Administrative Agent will determine the Dollar Amount of:
(a) each Eurocurrency Borrowing or Canadian Borrowing as of the date two (2) Business Days prior to the date of such Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Eurocurrency Borrowing or Canadian Borrowing, as applicable,
(b) each Foreign Swiss Swingline Loan on the date of the making of such Swingline Loan,
(c) the LC Exposure as of the date of each request for the issuance, amendment, renewal or extension of any Letter of Credit, and
(d) all outstanding Credit Events on and as of the last Business Day of each calendar quarter and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Majority Facility Lenders under the Revolving Facility or the Term Loan Facility, as the case may be. Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b), (c) and (d) is herein described as a “Computation Date” with respect to each Credit Event for which a Dollar Amount is determined on or as of such day.
Appears in 1 contract