Template:Nutshell GMSLA 2.4

2.4 Currency conversions: Subject to paragraph 11, values stated in other currencies other must be converted into the Base Currency at the spot 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 a quotation was available.