NOK Amount definition

NOK Amount of any currency at any date shall mean (i) the amount of such currency if such currency is NOK or (ii) the equivalent in NOK of any amount of such currency if such currency is Dollars or any Foreign Currency (other than NOK), calculated using the Exchange Rate.
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NOK Amount the amount in NOK which will result from the conversion on a particular date of the Loan or any part thereof (as relevant) denominated in an Optional Currency into NOK, calculated at the Exchange Rate. "Optional Currency" GBP, USD, EUR and/or other currencies to be agreed subject to availability to the Banks in the London Interbank Eurocurrency Market. "Original NOK Amount" NOK 125,000,000.-.
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NOK Amount the amount in NOK which will result from the conversion on a particular date of the Loan or any part thereof (as relevant) denominated in an Optional Currency into NOK, calculated at the Exchange Rate.
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Examples of NOK Amount in a sentence

  • Whenever the Loan or part thereof is denominated in Optional Currency(ies) the NOK Amount of the Loan shall be determined on the relevant Reduction Date.

  • Whenever the Loan or part thereof is denominated in Optional Currency(ies) the NOK Amount of the Loan shall be determined on the relevant Repayment Date.

  • If any Guarantees are denominated in an Optional Currency, the Agent shall at six monthly intervals after the date of the Guarantee recalculate the Original NOK Amount of each Guarantee by notionally converting into NOK the outstanding amount of that Guarantee on the basis of the Exchange Rate on the date of calculation.

  • If the NOK Amount of the Loan on a Repayment Date exceeds the Original NOK Amount, reduced by any repayments and/or prepayments made prior to, or to be made on such day, the difference shall be paid by the Borrower to the Bank in the relevant Optional Currency(ies) on the relevant Repayment Date.