Currency Linked Investments. 5.1 The terms of each Currency Linked Investment shall be agreed prior to the CLI Value Date, either orally or in writing, and confirmed in such form as we shall, in our absolute discretion deem appropriate.
5.2 We may, at any time, prescribe such terms and conditions as we may deem appropriate in respect of any Currency Linked Investment and/or revise any of such terms and conditions, including the Base Currency, the Alternate Currency, the tenor, the minimum or maximum amounts which may be placed as the principal amount and the applicable interest rate in respect of such Currency Linked Investment.
5.3 Interest in respect of a Currency Linked Investment shall accrue on the principal amount, at such rate and on such basis as may be agreed between you and us, from the CLI Value Date up to but excluding the CLI Maturity Date.
5.4 The principal amount in respect of any Currency Linked Investment, together with interest accrued thereon, will be paid to you on the CLI Maturity Date in either the Base Currency or the Alternate Currency, depending on the level of the prevailing exchange rate between the Base Currency and the Alternate Currency against the Pre-Agreed Exchange Rate at the CLI Fixing Time, as determined by us in good faith. If such payment shall be made in the Alternate Currency, the principal amount and interest accrued thereon shall be converted into the Alternate Currency at the Pre-Agreed Exchange Rate.
5.5 Without prejudice to any provision in this Agreement and/or any Applicable Agreement, upon the occurrence of an Extraordinary Event, we shall be entitled to terminate any Currency Linked Investment. Upon such termination, we shall pay to you an amount as determined by us, in our absolute discretion, to be the fair market value of the Currency Linked Investment as at the date of termination less any Losses that may be suffered and/or incurred by us (including the costs of unwinding any related underlying hedge, realising any option, future contract or any other financial instrument). In this regard, you acknowledge that the fair market value of the Currency Linked Investment may be substantially less than the principal amount placed with us and we shall not be liable to you for any Losses that may be suffered and/or incurred by you in connection with or by reason of such termination.
5.6 All rates, fixings and values required for the purpose of calculating any amount payable to you, and all other matters to be ascertained or established in re...
