Common use of Prepayments and Repayments Clause in Contracts

Prepayments and Repayments. If a Loan is to be prepaid by reference to an Original Sterling Amount, the Optional Currency amount to be repaid or prepaid shall be determined by reference to the Agent's Spot Rate of Exchange used for determining the Optional Currency amount of that Loan under this Clause 10 for the making of that Loan.

Prepayments and Repayments. If a Term Loan is to be repaid or prepaid by reference to an Original Sterling Amount, the Optional Currency amount to be repaid or prepaid shall be determined by reference to the AgentBank's Spot Rate of Exchange last used for determining the Optional Currency amount of that Term Loan under this Clause 10 for 11 or, if applicable, the making of that LoanOriginal Exchange Rate.