Common use of Calculation of Amounts Clause in Contracts

Calculation of Amounts. For the purpose of calculating any person’s share of any sum payable to or by it, the Security Agent shall be entitled to: (a) notionally convert the Liabilities owed to any person into the Base Currency (decided by the Security Agent in its discretion acting reasonably), that notional conversion to be made at the Security Agent’s Spot Rate of Exchange; and (b) assume that all moneys received or recovered as a result of the enforcement or realisation of the Security Property are applied in discharge of the Liabilities in accordance with the terms of the Debt Documents under which those Liabilities have arisen.

Calculation of Amounts. For the purpose of calculating any person’s share of any sum payable to or by it, the Security Agent shall be entitled to: : (a) notionally convert the Liabilities Obligations owed to any person into the Base Common Currency (decided by the Security Agent in its discretion acting reasonably), that notional conversion to be made at the Security Agent’s Spot Rate of ExchangeAmount; and and (b) assume that all moneys received or recovered as a result of the enforcement or realisation realization of the Security Property are applied in discharge of the Liabilities Obligations in accordance with the terms of the Debt Documents under which those Liabilities Obligations have arisen.