Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 5 contracts
Sources: 364 Day Credit Agreement (Honeywell International Inc), 364 Day Credit Agreement (Honeywell International Inc), 364 Day Credit Agreement (Honeywell International Inc)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 3 contracts
Sources: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)
Substitution of Currency. If a change in any Alternative the Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders Banks and the Company Borrower in the same position, so far as possible, that they would have been in if no change in such Alternative the Committed Currency had occurred.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Solventum Corp), Credit Agreement (3m Co)
Substitution of Currency. If a change in any Alternative Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Committed Currency had occurred.
Appears in 2 contracts
Sources: Five Year Credit Agreement (Eastman Chemical Co), Credit Agreement (Eastman Chemical Co)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 2 contracts
Sources: Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Term Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 1 contract
Sources: Third Amended and Restated Multicurrency Revolving Credit Agreement (American Tower Corp /Ma/)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrower) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrower in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 1 contract
Substitution of Currency. If a change in any Alternative Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the CompanyBorrowers) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrowers in the same position, so far as possible, that they would have been in if no change in such Alternative Committed Currency had occurred.
Appears in 1 contract
Sources: Credit Agreement (At&t Inc.)
Substitution of Currency. If a change in any Alternative Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Term Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Company Borrower in the same position, so far as possible, that they would have been in if no change in such Alternative Currency had occurred.
Appears in 1 contract
Sources: Revolving Credit Agreement (American Tower Corp /Ma/)