Sterling Amount definition

Sterling Amount means at any time:

Sterling Amount means the aggregate amount of the Term Loans to be advanced by the Lenders on the Funding Date calculated by converting the Dollar Drawdown Amount to GBP using the Agreed Exchange Rate.

Sterling Amount means, at any time, for any amount, (i) if denominated in Sterling, the amount thereof and (ii) if denominated in Dollars, the amount thereof converted to Sterling in accordance with Section 1.09.

Examples of Sterling Amount in a sentence

• In connection with a Borrowing of Loans denominated in Dollars pursuant to the terms hereof, the Administrative Agent shall determine the Sterling Amount of such requested Borrowing based on the Exchange Rate on or about the date of the related notice requesting such Borrowing.

• The Maximum Dollar Amount and the Maximum Sterling Amount (collectively, the “Maximum Amounts”) will not be subject to amendment by Walmart.

• Indebtedness Incurred pursuant to any Credit Facility (including but not limited to in respect of letters of credit or bankers' acceptances issued or created thereunder) and any Refinancing Indebtedness in respect thereof in a maximum aggregate principal amount at any time outstanding not exceeding the Bank Basket Sterling Amount.

• Sterling: Amount of Intervention During Episode for Seven Domains.

• Payment and currency Send payment in: (mark one only) Currency Currency equivalent Sterling Amount Amount £ Amount £ .

More Definitions of Sterling Amount

Sterling Amount means in respect of Outstanding Contingent Liabilities, the sum of the amount in Sterling of the Outstanding Contingent Liabilities under Letters of Credit denominated in Sterling and the amount of Sterling required to purchase the currency amount of the Outstanding Contingent Liabilities under Letters of Credit denominated in each other currency at the Spot Rate at that time and so that such Sterling Amount shall be recalculated by the Facility Agent:

Sterling Amount means, in relation to a Swingline Commitment, the amount of that Swingline Commitment translated into Sterling on the basis of the Agent’s Spot Rate of Exchange on the date any part of the Facility is to be cancelled pursuant to Clause 7.1 (Voluntary cancellation).

Sterling Amount means, in relation to a Utilisation:

Sterling Amount of any currency at any date means (i) the amount of such currency if such currency is Sterling or (ii) the equivalent amount thereof in Sterling if such currency is any other currency, calculated on the basis of the Exchange Rate for such currency on such date.

Sterling Amount means in relation to any amount denominated in a currency other than Pounds Sterling at any time, the amount of Pounds Sterling determined by the Bank to be required to purchase the relevant amount of such other currency at the Bank's spot buying rate of exchange in London at such time; "TAX" shall be construed so as to include any tax, levy, impost, duty or other charge of a similar nature (including without limitation any penalty payable in connection with any failure to pay or any delay in paying any of the same);

Sterling Amount means (a) in relation to a Drawing to be made in Sterling the amount in Sterling so drawn down, (b) in relation to a Drawing under the Working Capital Facility which has been or is to be drawn down in an Optional Currency, the amount in Sterling which was or would be required to purchase the principal amount of that Drawing at or prior to the Drawdown Date as determined in accordance with clause 4.17(c), in each case as reduced by any repayment or prepayment under this Agreement;

Sterling Amount means in relation to any Advance, its Original Sterling Amount as reduced by the proportion (if any) of such Advance which has been repaid.