Common use of Revaluation Clause in Contracts

Revaluation. 5.1 On the last business day of each calendar month (a "REVALUATION DATE"), commencing in the month in which the Acceptance Date occurs, the Issuing Bank shall calculate the Dollar Equivalent (as at such Revaluation Date) of the aggregate of the Outstanding Liability Amount of each Foreign Currency Bond issued by the Issuing Bank.

Revaluation. 5.1 On the last business day of each calendar month (a "REVALUATION DATE"), commencing in the month in which the Acceptance Date occursIssuing Bank issues its first Bond under the Bonding Facility Letter, the Issuing Bank shall calculate the Dollar Equivalent (as at such Revaluation Date) of the aggregate of the Outstanding Liability Amount of each Foreign Currency Bond issued by the Issuing Bank.