Common use of Authorised Amount Clause in Contracts

Authorised Amount. as of the Issue Date of any Tranche (after giving effect to the issue of such Notes and of any other Notes to be issued, and to the redemption of any Notes to be redeemed, on or prior to such Issue Date), the aggregate principal amount outstanding (as defined in the Agency Agreement) (expressed in Euro) of Notes issued under the Programme will not exceed the Authorised Amount and for this purpose: (i) the principal amount of Notes denominated in a currency other than Euro shall be converted into Euro using the spot rate of exchange for the purchase of the relevant currency against payment of Euro being quoted by the Fiscal Agent on the date on which the Relevant Agreement in respect of the relevant Tranche was made or such other rate as the Issuer and the Mandated Dealer may agree; (ii) any Notes which provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default in respect of such Notes shall have a principal amount equal to their nominal amount; (iii) any zero coupon Notes (and any other Notes issued at a discount or premium) shall have a principal amount equal to their nominal amount; and (iv) the currency in which any Notes are payable, if different from the currency of their denomination, shall be disregarded;

Authorised Amount. as of the Issue Date of any Tranche (after giving effect to the issue of such Notes and of any other Notes to be issued, and to the redemption of any Notes to be redeemed, on or prior to such Issue Date), the aggregate principal amount outstanding (as defined in the Agency Agreement) (expressed in EuroEuros) of Notes issued under the Programme will not exceed the Authorised Amount and for this purpose: (ia) the principal amount of Notes denominated in a currency other than Euro Euros shall be converted into Euro Euros using the spot rate of exchange for the purchase of the relevant currency against payment of Euro Euros being quoted by the Fiscal Agent on the date on which the Relevant Agreement in respect of the relevant Tranche was made or such other rate as the Issuer and the Mandated Dealer may agree; (iib) any Notes which provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default in respect of such Notes shall have a principal amount equal to their nominal amount; (iiic) any zero coupon Notes (and any other Notes issued at a discount or premium) shall have a principal amount equal to their nominal amount; and (ivd) the currency in which any Notes are payable, if different from the currency of their denomination, shall be disregarded;