Common use of Determination of amounts outstanding Clause in Contracts

Determination of amounts outstanding. For the purposes of subclause 3.2(c): (a) the euro equivalent of Notes denominated in another Specified Currency shall be determined, at the discretion of the relevant Issuer, either as of the Agreement Date for those Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, in each case on the basis of the spot rate for the sale of the euro against the purchase of that Specified Currency in the London foreign exchange market quoted by any leading international bank selected by the relevant Issuer on the relevant day of calculation; (b) the euro equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of those Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and (c) the euro equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner set out above by reference to the net proceeds received by the relevant Issuer for the relevant issue.

Determination of amounts outstanding. For the purposes of subclause 3.2(c(2)(c): (a) the euro sterling equivalent of Notes denominated in another Specified Currency shall be determined, at the discretion of the relevant Issuer, either as of the Agreement Date for those such Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, in each case on the basis of the spot rate for the sale of the euro sterling against the purchase of that such Specified Currency in the London foreign exchange market quoted by any leading international bank selected by the relevant Issuer on the relevant day of calculation; (b) the euro sterling equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of those such Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and (c) the euro sterling equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner set out specified above by reference to the net proceeds received by the relevant Issuer for the relevant issue.

Determination of amounts outstanding. For the purposes of subclause 3.2(c): (a) the euro equivalent of Notes denominated in another Specified Currency shall be determined, at the discretion of the relevant Issuer, either as of the Agreement Date for those such Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, in each case on the basis of the spot rate for the sale of the euro against the purchase of that such Specified Currency in the London foreign exchange market quoted by any leading international bank selected by the relevant Issuer on the relevant day of calculation; (b) the euro equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of those such Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and (c) the euro equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner set out specified above by reference to the net proceeds received by the relevant Issuer for the relevant issue.

Determination of amounts outstanding. For the purposes of subclause 3.2(cClause 10.2(f): (a) the euro equivalent of Notes denominated in another Specified Currency shall be determined, at the discretion of the relevant IssuerFlemish Community, either as of the Agreement Date for those Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, Brussels in each case on the basis of the spot rate for the sale of the euro against the purchase of that Specified Currency in the London Brussels foreign exchange market quoted by any leading international bank selected by the relevant Issuer Flemish Community on the relevant day of calculation;calculation;‌ (b) the euro equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of those Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and (c) the euro equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner set out above by reference to the net proceeds received by the relevant Issuer Flemish Community for the relevant issue.

Determination of amounts outstanding. For the purposes of subclause 3.2(cClause 10.2(e): (a) the euro equivalent of Notes denominated in another Specified Currency shall be determined, at the discretion of the relevant IssuerFlemish Community, either as of the Agreement Date for those Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, Brussels in each case on the basis of the spot rate for the sale of the euro against the purchase of that Specified Currency in the London Brussels foreign exchange market quoted by any leading international bank selected by the relevant Issuer Flemish Community on the relevant day of calculation;calculation;‌ (b) the euro equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of those Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and (c) the euro equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner set out above by reference to the net proceeds received by the relevant Issuer Flemish Community for the relevant issue.

Determination of amounts outstanding. For the purposes of subclause 3.2(cClause 10.2(f): (a) the euro equivalent of Notes denominated in another Specified Currency shall be determined, at the discretion of the relevant IssuerFlemish Community, either as of the Agreement Date for those Notes or on the preceding day on which commercial banks and foreign exchange markets are open for general business in London, Brussels in each case on the basis of the spot rate for the sale of the euro against the purchase of that Specified Currency in the London Brussels foreign exchange market quoted by any leading international bank selected by the relevant Issuer Flemish Community on the relevant day of calculation; (b) the euro equivalent of Dual Currency Notes, Index Linked Notes and Partly Paid Notes shall be calculated in the manner specified above by reference to the original nominal amount on issue of those Notes (in the case of Partly Paid Notes regardless of the amount of the subscription price paid); and (c) the euro equivalent of Zero Coupon Notes and other Notes issued at a discount or a premium shall be calculated in the manner set out above by reference to the net proceeds received by the relevant Issuer Flemish Community for the relevant issue.