Common use of Fallback Currency Clause in Contracts

Fallback Currency. If, in relation to any Interest Period relating to a Revolving Facility Advance, the Agent gives notice to the Obligors’ Agent and the Lenders in accordance with Clause 11.2 (Response to a Request for an Optional Currency), that Revolving Facility Advance shall (subject to Clause 12.2 (Unavailability of Currencies)) during that Interest Period instead be denominated in Sterling.

Appears in 1 contract

Sources: Facilities Agreement (United Biscuits Finance PLC)

Fallback Currency. If, If in relation to any Interest Period relating to a Revolving Advance the Facility Advance, the Agent gives notice to the Obligors’ Agent and the Lenders Banks in accordance with Clause 11.2 (Response to a Request for an Optional Currency), ) that Revolving Facility Advance shall (subject to Clause 12.2 (Unavailability of Currencies)) during that Interest Period instead be denominated in Sterling.

Appears in 1 contract

Sources: Term Facility Agreement (Yell Finance Bv)