Common use of Determination of amounts outstanding Clause in Contracts

Determination of amounts outstanding. For the purposes of determining the equivalent in the Base Currency of other currencies for the purposes of the Issuer Limit: 3.5.1 the Base Currency equivalent of Notes denominated in a currency other than EUR shall be determined by the Issue Agent 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 business in London, in each case on the basis of the spot rate for the sale of the Base Currency against the purchase of the relevant currency in the London foreign exchange market quoted by any leading bank selected by the Issue Agent on the relevant day of calculation; 3.5.2 the Base Currency equivalent of Dual Currency Notes, Indexed 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 Base Currency 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 Notes.