Common use of Adjustment of Facility B Advances Clause in Contracts

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent’s Spot Rate of Exchange three Business Days before the commencement of that Interest Period.

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent’s 's Spot Rate of Exchange three Business Days before the commencement of that Interest Period.