Optional Currency Sample Clauses

Optional Currency. In the case of any Letter of Credit to be denominated in an Optional Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Agent, the Required Lenders (in the case of any Loans to be denominated in an Optional Currency) or the Issuer (in the case of any Letter of Credit to be denominated in an Optional Currency) would make unlawful or not administratively feasible for such Loan or Letter of Credit to be denominated in the relevant Optional Currency. Each request for an Advance by any Borrower hereunder shall constitute a representation and warranty by each Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied. Notwithstanding anything contained herein to the contrary, at the direction of Required Lenders, Lenders with a Revolving Commitment shall continue to make Revolving Advances notwithstanding whether the foregoing conditions precedent have been satisfied.

Optional Currency. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit, in the case of any Loan or Letter of Credit to be denominated in an Optional Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Lenders (in the case of any Loans to be denominated in an Optional Currency) or the Issuing Lender (in the case of any Letter of Credit to be denominated in an Optional Currency) would make it impracticable for such Loan or Letter of Credit to be denominated in the relevant Optional Currency.

Optional Currency. Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on the Borrower that requested such Competitive Bid Borrowing. The Agent or the Sub-Agent, as the case may be, shall in turn promptly notify each Lender of each request for a Competitive Bid Borrowing received by it from any Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing by telecopier or Email.

Optional Currency. (a) Irrespective of the currency specified in the Utilisation Offer, the Bank may decide to disburse an Accepted Loan in EUR and notify the Borrower of the EUR equivalent to be utilised on the Utilisation Date. (b) The rate of interest previously agreed for the relevant Loan shall no longer be applicable and instead the rate of interest on the relevant Loan, until the Maturity Date, or the Interest Revision/Conversion Date (if any), shall be the percentage rate per annum notified by the Bank to the Borrower being the sum of: (i) the Margin; and (ii) the rate (expressed as a percentage per annum) determined by the Bank to be the all-inclusive cost to the Bank of funding of the relevant Loan based upon the then applicable internally generated Bank reference rate or an alternative rate determination method determined by the Bank. (c) The Borrower shall have the right to refuse such Utilisation within the deadline specified in the notice and shall bear charges (if any) incurred as a result, in which case the Bank shall not disburse the Loan. If the Borrower does not refuse the Utilisation in time, the Utilisation in EUR and the conditions thereof shall be fully binding on all Parties.

Optional Currency. Any of Japanese Yen, Belgian Francs and the Euro, so long as such currency is freely convertible into Dollars and is traded on a recognized Eurocurrency Interbank Market selected by the Agent in good faith.

Optional Currency. Any currency other than Dollars which is fully convertible into Dollars and which is traded on any recognized Eurocurrency Interbank Market selected by the Agent in good faith; PROVIDED, HOWEVER, in the event any Borrower requests an Optional Currency denominated in a currency other than Austrian schillings, Belgian francs, German deutsche marks, Danish kroners, Spanish pesetas, French francs, Finnish marks, British pounds sterling, Italian liras, Dutch guilders, Norwegian kroners, Portuguese escudos, Swedish kroners or Swiss francs, the request for such other Optional Currency shall be subject to the consent of the Banks.

Optional Currency. The Facility Agent shall calculate on each Reset Date the aggregate adjusted Euro Amount of all Bonding Guarantees in each Optional Currency as at the Reset Date.

Optional Currency. Any currency other than Dollars (including the "Euro") so long as each such currency is freely convertible into Dollars and which is traded on any recognized Eurocurrency Interbank Market selected by the Agent in good faith; provided, however, in the event any Borrower requests an Optional Currency denominated in a currency other than Austrian schillings, Belgian francs, Danish kroners, British pound sterling, Irish pounds, Hong Kong dollars, Japanese yen, Finnish marks, French francs, German deutsch marks, Italian lira, Norwegian kroner, Spanish pesetas, Swedish kroner or Swiss francs, the request for such Optional Currency shall not be honored in such Optional Currency (but may be honored in Dollars) if the Majority Banks advise the Agent prior to Drawdown Date of such request that such Optional Currency is impracticable to fund on the requested Drawdown Date.

Optional Currency. [Repeat 1-5 for additional Loans/Tranches] As of the date of each request for a Loan and the date of making of such Loan: each of the representations and warranties made by each Borrower contained in Section 3 of the Agreement or under the other Loan Documents or which are contained in any certificate, document or financial or other statement furnished at any time under or in connection with any of the foregoing, are and shall be true and correct in all material respects on and as of the date hereof and, if different, the date of such Loan; no Default or Event of Default has occurred and is continuing or shall exist after giving effect to the Loans requested hereby; and the other conditions precedent in Section 4.2 have been satisfied. As of the date of each request to convert or continue a Loan, no Default or Event of Default has occurred and is continuing or shall exist after giving effect to such conversion or continuation. Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement. The undersigned certifies to the accuracy of the foregoing. Date: WEST PHARMACEUTICAL SERVICES, INC., as Borrowers’ Representative By: Name: Title: Joinder and Assumption Agreement, dated as of , made by [ ] (the “Additional Borrower”), in favor of the Lenders and the Administrative Agent (as each such term is defined in the Credit Agreement referred to below).