Reference Currency definition

Examples of Reference Currency in a sentence

• In such event, payments of the Reference Currency Equivalent of the relevant amounts due under the Notes or Coupons shall be made in accordance with Condition 5(a).

• If the parties are unable to agree on a determination within one Business Day, each party agrees to be bound by the determination of an independent leading dealer in Reference Currency/Settlement Currency Transactions not located in the Reference Currency jurisdiction (“independent leading dealer”), mutually selected by the parties, who shall act as the substitute Calculation Agent, with the fees and expenses of such substitute Calculation Agent (if any) to be met equally by the parties.

• If you do not select a Reference Currency, the Reference Currency will be Sterling.

• If, within the aforementioned term of 10 (ten) Business Days, the total value of the drawn Credit Facilities denominated in the equivalent of the Reference Currency is smaller or equal to the Facility Limit, respectively the Sublimit, the Borrower no longer has the obligation to repay the amounts provided in accordance with this Clause.

• If the sum of the Credit Facilities on the basis of related Products, denominated in the equivalent of the Reference Currency, exceeds the Facility Limit, respectively the Sublimit, due to exchange rate fluctuations between the Multiproduct Facility Currencies, the Borrower shall repay, within 10 (ten) Business Days as of the date when the Facility Limit, respectively the Sublimit was exceeded, the amounts by which such value is exceeded.