Common use of Revaluation of Documentary Credits Clause in Contracts

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 months, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September recalculate the Sterling Amount of that Documentary Credit by notionally converting into the relevant currency, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling an Optional Currency and has a Term of more than 6 months, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September at monthly intervals after the date of such Documentary Credit recalculate the Sterling Euro Amount of that Documentary Credit by notionally converting into the relevant currency, euro the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 monthsSterling, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September at six monthly intervals after the date of the Documentary Credit recalculate the Sterling Amount of that Documentary Credit by notionally converting into the relevant currencySterling, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 monthseuros, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September at six monthly intervals after the date of the Documentary Credit recalculate the Sterling Amount euro amount of that Documentary Credit by notionally converting into the relevant currencyeuros, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 monthseuro, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September at six monthly intervals after the date of the Documentary Credit recalculate the Sterling Amount euro amount of that Documentary Credit by notionally converting into the relevant currencyeuro, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 months, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September at six month intervals after the date of such Documentary Credit recalculate the Sterling Amount of that Documentary Credit by notionally converting into the relevant currency, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 months, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September recalculate the Sterling Amount of that Documentary Credit by notionally converting into the relevant currency, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Agents Spot Rate of Exchange on the date of calculation.

Revaluation of Documentary Credits. (a) If any Documentary Credit is denominated in a currency other than Sterling and has a Term of more than 6 monthseuro, the Facility Agent shall on each Quarter Date falling on 31 March and 30 September at six monthly intervals after the date of the Documentary Credit recalculate the Sterling Euro Amount of that Documentary Credit by notionally converting into the relevant currencyeuro, the outstanding amount of that Documentary Credit on the basis of the Facility Agent’s Spot Rate of Exchange on the date of calculation.