Common use of AMOUNT OF SWAP Clause in Contracts

AMOUNT OF SWAP. The maximum total outstanding amount of United States dollars provided by each participant under the Arrangement shall be US$ 40 million. In principle, the amount of swap requested by a participant shall be provided in equal shares by the other participants. However, if because of exceptional financial circumstances a participant is not in a position to provide its full share or has to refrain from swapping, the shortfall shall be met as far as possible by the other participants, subject to the provisions of the first paragraph of this Article. The maximum outstanding amount of United States dollars received by any participant under the Arrangement shall not, at any point in time exceed US$ 80 million (on the basis of a gearing ratio of one-is-to-two (1:2)".

AMOUNT OF SWAP. The maximum total outstanding amount of United States dollars provided by each participant under the Arrangement shall be US$ 40 million. In principle, the amount of swap requested by granted to a participant shall be provided provide in equal shares by the other participants. However, if because of exceptional financial circumstances a participant is not in a position to provide its full share or has to may refrain from swappingswapping by informing its decision thereof to member countries, and may at its discretion, give reasons for its decision thereto. As a consequence, other participants on a voluntary basis are allowed to increase their shares. In the shortfall case where the total amount of swap committed collectively by the participants does not suffice up to the requested amount the amount of swap granted shall be met as far as possible by the other participants, subject to the provisions of the first paragraph of this Articlereduced accordingly. The maximum outstanding amount of United States dollars received by any participant under the Arrangement shall not, not at any point in time exceed US$ US$80 million (on the basis of a gearing ratio of one-is-to-two (1:2)").”

AMOUNT OF SWAP. The maximum total outstanding amount of United States dollars provided by each participant under the Arrangement shall be US$ 40 million. In principle, the amount of swap requested by granted to a participant shall be provided provide in equal shares by the other participants. However, if because of exceptional financial circumstances a participant is not in a position to provide its full share or has to may refrain from swappingswapping by informing its decision thereof to member countries, and may at its discretion, give reasons for its decision thereto. As a consequence, other participants on a voluntary basis are allowed to increase their shares. In the shortfall case where the total amount of swap committed collectively by the participants does not suffice up to the requested amount the amount of swap granted shall be met as far as possible by the other participants, subject to the provisions of the first paragraph of this Articlereduced accordingly. The maximum outstanding amount of United States dollars received by any participant under the Arrangement shall not, not at any point in time exceed US$ US$80 million (on the basis of a gearing ratio of one-one- is-to-two (1:2)").”