Common use of Failure to Pay in Foreign Currency Clause in Contracts

Failure to Pay in Foreign Currency. If any Co-Borrower is unable for any reason to effect payment of a Foreign Currency Loan in the Alternative Currency in which borrowed as required by this Agreement or if any Co-Borrower shall default in any Foreign Currency Loan, each Bank may, through the Administrative Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any Co-Borrower shall make such payment in Dollars, such Co-Borrower agrees to hold the Lenders harmless from any loss incurred by the Lenders arising from any change in the value of Dollars in relation to such Alternative Currency between the date such payment became due and the date of payment thereof. Without limiting the generality of the foregoing, if any Co-Borrower is unable for any reason to effect payment of a Foreign Currency Loan in the Alternative Currency in which borrowed as required by this Agreement or if any Co-Borrower shall default in any Foreign Currency Loan, then Agent shall be authorized, without notice to either of the Co-Borrowers or the other Lenders, to extend Base Rate Loans under the Revolver Facility in an amount sufficient to purchase an amount of the Alternative Currency sufficient to repay the Foreign Currency Loan in full.

Failure to Pay in Foreign Currency. If any Co-Borrower of the Borrowers is unable for any reason to effect payment of a Foreign Currency Loan or to reimburse a drawing under the Letter of Credit in the Alternative Currency in which borrowed as required by this Agreement or if any Co-Borrower shall default in any Foreign Currency LoanAgreement, each Bank may, through the Administrative Agent, Issuing Bank, any Lender, or the European Swingline Lender may require such payment to be made in Dollars in the Assigned Dollar Equivalent amount Value of such payment. In any case in which any Co-Borrower each of the Borrowers shall make such payment in Dollars, such Co-Borrower agrees to hold the Lenders Administrative Agent, Issuing Bank, any Lender, or the European Swingline Lender harmless from any loss incurred by the Lenders Administrative Agent, Issuing Bank, any Lender, or the European Swingline Lender arising from any change in the value of Dollars in relation to such Alternative Currency between the date such payment became due and the date of payment thereof. Without limiting the generality of the foregoing, if any Co-Borrower of the Borrowers is unable for any reason to effect payment of a Foreign Currency Loan in the Alternative Currency in which borrowed as required by this Agreement or if any Co-Borrower of the Borrowers shall default in the payment of any Foreign Currency LoanLoan under the Revolving Facility, then Agent the Borrowers shall be authorizeddeemed to have requested, without notice and Lenders shall be deemed to either of the Co-Borrowers or the other Lendershave extended, to extend a Base Rate Loans Loan under the Revolver Revolving Facility in an amount sufficient to purchase an amount of the Alternative Currency sufficient to repay the such Foreign Currency Loan in full.

Failure to Pay in Foreign Currency. If any Co-Borrower of the Borrowers is unable for any reason to effect payment of a Foreign Currency Loan or to reimburse a drawing under the Letter of Credit in the Alternative Currency in which borrowed as required by this Agreement or if any Co-Borrower shall default in any Foreign Currency LoanAgreement, each Bank may, through the Administrative Agent, any Lender, or the European Facility Lender may require such payment to be made in Dollars in the Assigned Dollar Equivalent amount Value of such payment. In any case in which any Co-Borrower each of the Borrowers shall make such payment in Dollars, such Co-Borrower agrees to hold the Lenders Administrative Agent, any Lender, or the European Facility Lender harmless from any loss incurred by the Lenders Lender arising from any change in the value of Dollars in relation to such Alternative Currency between the date such payment became due and the date of payment thereof. Without limiting the generality of the foregoing, if any Co-Borrower of the Borrowers is unable for any reason to effect payment of a Foreign Currency Loan in the Alternative Currency in which borrowed as required by this Agreement or if any Co-Borrower of the Borrowers shall default in the payment of any Foreign Currency Loan, then Agent the Administrative Agent, any Lender, or the European Facility Lender shall be authorized, without notice to either of the Co-Borrowers or the other LendersBorrowers, to extend Base Rate Loans under the Revolver Facility in an amount sufficient to purchase an amount of the Alternative Currency sufficient to repay the Foreign Currency Loan in full.

Failure to Pay in Foreign Currency. If any Co-Borrower is unable for any reason to effect payment of a Foreign Currency Loan in the Alternative Foreign Currency in which borrowed as required by this Agreement or if any Co-Borrower shall default in any Foreign Currency Loan, each Bank may, through the Administrative Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any Co-Borrower shall make such payment in Dollars, such Co-Borrower agrees to hold the Lenders harmless from any loss incurred by the Lenders arising from any change in the value of Dollars in relation to such Alternative Foreign Currency between the date such payment became due and the date of payment thereof. Without limiting the generality of the foregoing, if any Co-Borrower is unable for any reason to effect payment of a Foreign Currency Loan in the Alternative Foreign Currency in which borrowed as required by this Agreement or if any Co-Borrower shall default in any Foreign Currency Loan, then Agent shall be authorized, without notice to either of the Co-Borrowers or the other Lenders, to extend Base Rate Loans under the Revolver Facility in an amount sufficient to purchase an amount of the Alternative Foreign Currency sufficient to repay the Foreign Currency Loan in full.