Common use of Requests for Additional Optional Currencies Clause in Contracts

Requests for Additional Optional Currencies. TGI, on behalf of the Borrowers, may deliver to the Administrative Agent and the Fronting Bank a written request that Revolving Credit Loans hereunder also be permitted to be made in any other lawful currency (other than Dollars), in addition to the currencies specified in the definition of “Optional Currency” herein provided that such currency must be freely traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible into Dollars and available to the Banks (other than the Non-Fronting Banks) in the applicable interbank market. The Administrative Agent will promptly notify the Fronting Bank and the Banks of any such request promptly after the Administrative Agent receives such request. The Administrative Agent, the Fronting Bank and each Bank (other than the Non-Fronting Banks) may grant or accept such request in their sole discretion. The Administrative Agent will promptly notify TGI of the acceptance or rejection by the Administrative Agent, the Fronting Bank and each of the Banks of the Borrowers’ request. The requested currency shall be approved as an Optional Currency hereunder only if the Administrative Agent, the Fronting Bank and all of the Banks (other than the Non-Fronting Banks) approve of the Borrowers’ request.