Template:Nutshell GMSLA 2.4: Difference between revisions

Template:Nutshell GMSLA 2.4 (view source)

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	{{gmslaprov\|2.4}} '''{{gmslaprov\|Currency conversions}}''': Subject to paragraph {{gmslaprov\|11}}, values stated in other currencies other must be converted into the {{gmslaprov\|Base Currency}} at the [[spot rate]] obtained by {{gmslaprov\|Lender}} (or if it is subject to an {{gmslaprov\|Event of Default}}, the {{gmslaprov\|Borrower}}) on the relevant day (or, it is isn’t a {{gmslaprov\|Business Day}}, at {{gmslaprov\|Close of Business}} on the previous {{gmslaprov\|Business Day}} on which a quotation was available. <br>		{{gmslaprov\|2.4}} '''{{gmslaprov\|Currency conversions}}''': Subject to paragraph {{gmslaprov\|11}}, values stated in other currencies other must be converted into the {{gmslaprov\|Base Currency}} at the [[spot rate]] obtained by {{gmslaprov\|Lender}} (or if it is subject to an {{gmslaprov\|Event of Default}}, the {{gmslaprov\|Borrower}}) on the relevant day (or, if it isn’t a {{gmslaprov\|Business Day}}, at the {{gmslaprov\|Close of Business}} on the previous {{gmslaprov\|Business Day}} on which a quotation was available). <br>