Common use of Currency of disbursement Clause in Contracts

Currency of disbursement. The Bank shall disburse each Tranche in EUR or USD. For the calculation of the sums available to be disbursed in USD, and to determine their equivalent in EUR, the Bank shall apply the rate published by the European Central Bank in Frankfurt, available on or shortly before submission of the Disbursement Offer as the Bank shall decide.

Currency of disbursement. The Bank shall disburse Subject to availability, disbursement of each Tranche shall be made in EUR or USDany other currency that is widely traded on the principal foreign exchange markets. For the calculation of the sums available to be disbursed in USDcurrencies other than EUR, and to determine their equivalent in EUR, the Bank shall apply the rate published by the European Central Bank in Frankfurt, available on or shortly before submission of the Disbursement Offer as the Bank shall decide.

Currency of disbursement. The Bank shall disburse each Tranche in EUR or USD. For the calculation of the sums available to be disbursed in USD, and to determine their equivalent in EUR, the Bank shall apply the rate published by the European Central Bank in Frankfurt, available on or shortly before submission of the Disbursement Offer Notice as the Bank shall decidedecides.

Currency of disbursement. The Bank shall disburse each Tranche in EUR or USD. For the calculation of the sums available to be disbursed in USD, and to determine their equivalent in EUR, the Bank shall apply the rate published by the European Central Bank in Frankfurt, available on or shortly before submission of the Disbursement Offer Notice as the Bank shall decide.

Currency of disbursement. The Bank shall disburse disbursement of each Tranche shall be made in EUR or or, subject to availability, in USD. For the calculation of the sums available to be disbursed in USD, and to determine their equivalent in EUR, the Bank shall apply the rate published by the European Central Bank in FrankfurtFrankfurt am Main, available on or shortly before submission the date of the Disbursement Offer as the Bank shall decide.