Optional Currency Sublimit definition

Optional Currency Sublimit shall have the meaning specified in Section 2.01(a) [Revolving Credit Loans; Optional Currency Loans].
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Optional Currency Sublimit shall have the meaning set forth in Section 2.01(a).
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Optional Currency Sublimit shall have the meaning specified in Section 2.1.1 [Revolving Credit Loans; Optional Currency Loans]. Order shall have the meaning specified in Section 2.9.9 [Liability for Acts and Omissions]. Original Currency shall have the meaning specified in Section 5.12 [Currency Conversion Procedures for Judgments].
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Examples of Optional Currency Sublimit in a sentence

  • If on any Computation Date either (i) the Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments, or (ii) the Optional Currency Loans are equal to or greater than the Optional Currency Sublimit, in each case as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same.

  • The Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Sections 5.8 [Increased Costs] and 5.10 [Indemnity]) within three (3) Business Days after receiving such notice such that the Revolving Facility Usage shall not exceed the aggregate Revolving Credit Commitments and the Optional Currency Loans shall not exceed the Optional Currency Sublimit after giving effect to such payments or prepayments.

  • If on any Computation Date the sum of the aggregate Dollar Equivalent principal amount of all Revolving Credit Loans outstanding and the aggregate Dollar Equivalent amount of Letters of Credit Outstanding is equal to or greater than one hundred five percent (105%) of the Optional Currency Sublimit as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Agent shall notify the Borrower of the same.


More Definitions of Optional Currency Sublimit

Optional Currency Sublimit means, at any time and with respect to each Optional Currency, the lower of (a) $35,000,000 minus the aggregate Optional Currency Outstandings in each other Optional Currency and (b) the then effective aggregate Optional Currency Commitments for such Optional Currency.
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Optional Currency Sublimit means(pound)250,000,000.
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Optional Currency Sublimit means (a) with respect to each Optional Currency, the Dollar Equivalent in such Optional Currency of $200,000,000 and (b) with respect to all Optional Currencies, the Dollar Equivalent in all Optional Currencies of $200,000,000, provided, the aggregate amount of all Optional Currency Sublimits shall not at any time exceed the amount of the Revolving Credit Commitment. Original Currency shall have the meaning specified in Section 5.13.1 [Currency Conversion Procedures for Judgments]. OSHA shall have the meaning specified in Section 6.1.18 [Other Regulatory Protection]. Other Currency shall have the meaning specified in Section 5.13.1 [Currency Conversion Procedures for Judgments].
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Optional Currency Sublimit. $25,000,000.
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Related to Optional Currency Sublimit

  • Foreign Currency Sublimit means $25,000,000.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $300,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Swingline Sublimit means an amount equal to the lesser of (a) $5,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $50,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.