Common use of Determination of amounts outstanding Clause in Contracts

Determination of amounts outstanding. For the purposes of sub-clause 3.2.3: 3.5.1 the U.S. dollar equivalent of Notes denominated in a currency other than U.S. dollars shall be determined, at the discretion of the Issuer, either as of the Agreement Date for such Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, in each case on the basis of the spot rate for the sale of the U.S. dollar against the purchase of the relevant currency in the London foreign exchange market quoted by any leading international bank selected by the Issuer on the relevant day of calculation; 3.5.2 the U.S. dollar equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of such Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and 3.5.3 the U.S. dollar equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner specified above by reference to the net proceeds received by the Issuer for the relevant issue.

Determination of amounts outstanding. For the purposes of sub-clause 3.2.3:subclause 3.2(c): 3.5.1 (a) the U.S. dollar equivalent of Notes denominated in a currency other than U.S. dollars another Specified Currency shall be determined, at the discretion of the relevant Issuer, either as of the Agreement Date for such those Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, in each case on the basis of the spot rate for the sale of the U.S. dollar against the purchase of the relevant currency that Specified Currency in the London foreign exchange market quoted by any leading international bank selected by the relevant Issuer on the relevant day of calculation; 3.5.2 (b) the U.S. dollar equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of such those Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and 3.5.3 (c) the U.S. dollar equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner specified set out above by reference to the net proceeds received by the relevant Issuer for the relevant issue.