Base Currency definition
Examples of Base Currency in a sentence
Only to the extent such consent is obtained, subject to Clause 4.5 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), that the relevant Loan will, on the last day of its Interest Period, be divided with the Base Currency Amounts specified in that Selection Notice, having an aggregate Base Currency Amount equal to the Base Currency Amount of that Loan immediately before its division.
In this event, any Lender that gives notice pursuant to this Clause 8.2 will be required to participate in the Loan in the Base Currency (in an amount equal to that Lender’s proportion of the Base Currency Amount, or in respect of a Rollover Loan, an amount equal to that L▇▇▇▇▇’s proportion of the Base Currency Amount of the Rollover Loan that is due to be made) and its participation will be treated as a separate Loan denominated in the Base Currency during that Interest Period.