Common use of Currency amount on conversion Clause in Contracts

Currency amount on conversion. Subject to clause 4.2, in the event the Borrower requests the Bank (in accordance with clause 4.1) to convert an Advance into an, or another Optional Currency (the “new currency”) or from an Optional Currency into Dollars, the amount into which such Advance is to be converted shall be the Equivalent Amount in the new currency of the currency in which such Advance was outstanding immediately prior to conversion (after taking into account any repayment or prepayment due on the date of conversion).

Currency amount on conversion. Subject to clause 4.2, in the event the Borrower requests the Bank (in accordance with clause 4.1) to convert an Advance the Loan or a part thereof from Dollars into an, or another another, Optional Currency (the “new currency”) or from an Optional Currency into Dollars, the amount into which the Loan or such Advance part thereof is to be converted shall be the Equivalent Amount in the new currency of the currency in which the Loan or such Advance part thereof was outstanding immediately prior to conversion (after taking into account any repayment or prepayment due on the date of conversion).