Examples of Sterling Loans in a sentence
It is hereby further acknowledged and agreed that the provisions of this Agreement relating to Sterling Loans shall remain in full force and effect upon such conversion, and that neither the introduction of a single European currency, the replacement of Sterling thereby, the fixing of the official rate of conversion, nor any economic consequences resulting therefrom shall give rise to any right to terminate, contest, cancel, modify or renegotiate the provisions of this Agreement.
Any TAT member may designate a substitute as needed and in coordination with a TAT co-chair.
If the requesting Sterling Borrower fails to specify a currency in a Sterling Loan Notice requesting a Sterling Borrowing, then the Sterling Loans so requested shall be made in Dollars.
Interest, LC Fees, and other fees (except as provided in the following sentence) shall be calculated for actual days elapsed on the basis of a 360-day year, except for interest on Loans denominated in British Pounds Sterling, Loans comprised of Floating Rate Advances, and Advances bearing interest at the Canadian Prime Rate which shall be calculated for actual days elapsed on the basis of a 365-day year.
Interest on all Obligations shall be computed on the basis of the actual number of days elapsed in the period during which interest accrues and (i) with respect to Obligations for Sterling Loans and Overdraft Loans denominated in Sterling, a year of 365 days, and (ii) with respect to all other Obligations, a year of 360 days.