Common use of Prepayments and Repayments Clause in Contracts

Prepayments and Repayments. If a Term-out Advance is to be repaid or prepaid by reference to an Original Dollar Amount, the Optional Currency amount to be repaid or prepaid in that Optional Currency shall be determined by reference to the Original Exchange Rate applicable to the relevant Advance.

Prepayments and Repayments. If a the Term-out Advance is to be repaid or prepaid by reference to an Original Dollar Sterling Amount, the Optional Currency amount to be repaid or prepaid in that Optional Currency shall be determined by reference to the Original Exchange Rate applicable to the relevant Term-out Advance.