Common use of Selection of currencies Clause in Contracts

Selection of currencies. Subject to clause 4.2, if the Borrower so requests in the Drawdown Notice or, in any case other than drawdown of the Loan, by notice received by the Bank not later than 10 a.m. on the fifth Banking Day before the beginning of an Interest Period in respect of the Loan or, as the case may be, Tranche, the Loan, or part thereof may be drawn down in Dollars or in an Optional Currency or, on the first day of such Interest Period, the Loan or as the case may be such Tranche may be converted into an, or another, Optional Currency or Dollars but, if no such request is received by the Bank, the Loan will be drawn down in Dollars or, as the case may be, the Loan or such Tranche will remain outstanding in the currency in which it was outstanding during its immediately preceding Interest Period.

Selection of currencies. Subject to clause 4.2, if the Borrower so requests in the Drawdown Notice or, in any case other than drawdown of the Loan, by notice received by the Bank not later than 10 a.m. on the fifth second Banking Day before the beginning of an Interest Period in respect of the Loan or, as the case may be, Tranchean Advance, the Loan, Loan or part thereof may be drawn down in Dollars or in an Optional Currency or, on the first day of such Interest Period, the Loan or as the case may be such Tranche Advance may be converted into an, or another, from an Optional Currency into Dollars or from Dollars into an Optional Currency but, if no such request is received by the Bank, the Loan will be drawn down in Dollars or, as the case may be, the Loan or such Tranche Advance will remain outstanding in the currency in which it was outstanding during its immediately preceding Interest Period.

Selection of currencies. Subject to clause 4.2, if the Borrower so requests in the Drawdown Notice or, in any case other than drawdown of the Loan, by notice received by the Bank not later than 10 a.m. on the fifth Banking Day before the beginning of an Interest Period in respect of the Loan or, as the case may be, Tranche, the Loan, or part thereof may be drawn down in Dollars or in an Optional Currency or, on the first day of such Interest Period, the Loan or as the case may be such Tranche may be converted into an, or another, Optional Currency or Dollars but, if no such request is received by the Bank, the Loan such Tranche will be drawn down in Dollars or, as the case may be, the Loan or such Tranche will remain outstanding in the currency in which it was outstanding during its immediately preceding Interest Period.