Common use of Fallback Currency Clause in Contracts

Fallback Currency. If the Agent receives a notice from any Bank in accordance with Clause 9.2 (Response to Request for an Optional Currency) (and, where applicable, also receives such a notice in relation to the alternative duration of the relevant Term resulting from the operation of Clause 8.1(b)) then, subject to Clause 4.3 (No Market Disruption), the relevant Advance shall instead be made in Euros and in the Euro Amount of that Advance.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Alstom), Revolving Credit Agreement (Alstom)

Fallback Currency. If the Agent receives a notice from any Bank in accordance with Clause 9.2 (Response to Request for an Optional Currency) (and, where applicable, also receives such a notice in relation to the alternative duration of the relevant Term resulting from the operation of Clause 8.1(b)) then, subject to Clause 4.3 (No Market Disruption), the relevant Advance shall instead be made in Euros euro and in the Euro Amount of that Advance.

Appears in 1 contract

Sources: Revolving Credit Agreement (Alstom)