Common use of Currency Amounts Clause in Contracts

Currency Amounts. If an Advance is to be drawn down in an Optional Currency, the Banks shall, subject to clause 3.2, advance to the relevant Borrower on drawdown of such Advance, the amount of such Optional Currency requested. The Guilder Amount of such Advance shall be the amount of Guilders (as determined by the Agent) which would be required to purchase the amount of such Optional Currency at the average of the spot rates of exchange quoted to the Agent by the Reference Banks to be ruling in the London Foreign Exchange Market for the purchase of such Optional Currency with Guilders on receipt of the relevant Drawdown Notice. If an Advance is to be drawn down in Guilders, the Banks shall, subject to clause 3.2, advance to the relevant Borrower on drawdown of such Advance, the Guilder Amount of such Advance.