Template:Nutshell GMSLA 2.4: Difference between revisions
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{{gmslaprov|2.4}} '''{{gmslaprov|Currency conversion}}''' <br> | |||
Subject to paragraph {{gmslaprov|11}}, values stated in other currencies other must be converted into the Base Currency at the latest available quoted spot exchange rate obtained by Lender (or if it is subject to an {{gmslaprov|Event of Default}}, the Borrower) on the relevant day (or, it is isn’t a Business Day, at {{gmslaprov|Close of Business}} on the previous {{gmslaprov|Business Day}} on which such a quotation was available. <br> | Subject to paragraph {{gmslaprov|11}}, values stated in other currencies other must be converted into the Base Currency at the latest available quoted spot exchange rate obtained by Lender (or if it is subject to an {{gmslaprov|Event of Default}}, the Borrower) on the relevant day (or, it is isn’t a Business Day, at {{gmslaprov|Close of Business}} on the previous {{gmslaprov|Business Day}} on which such a quotation was available. <br> | ||
Revision as of 16:13, 4 October 2017
2.4 Currency conversion
Subject to paragraph 11, values stated in other currencies other must be converted into the Base Currency at the latest available quoted spot exchange rate obtained by Lender (or if it is subject to an Event of Default, the Borrower) on the relevant day (or, it is isn’t a Business Day, at Close of Business on the previous Business Day on which such a quotation was available.