Sterling Amount definition

Sterling Amount means at any time:

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.

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.

Examples of Sterling Amount in a sentence

• Any repayment of any Advance denominated in an Optional Currency shall reduce the amount of such Advance by the amount of such Optional Currency repaid and shall reduce the Sterling Amount of such Advance proportionately.

• For this purpose Loans are taken at their Original Sterling Amount.

• 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.

• Any collateralisation of Outstandings denominated in dollars shall reduce the amount of such Outstandings by the amount of dollars collateralised and shall reduce the Sterling Amount of such Outstandings proportionately.

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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 Utilisation:

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

Sterling Amount means (a) in relation to a Utilisation to be made in Sterling the amount in Sterling so utilised, and (b) in relation to a Utilisation to be made in an Optional Currency, the amount in Sterling specified in the relevant Utilisation Request which would be required to purchase the principal amount of that Utilisation at the Agent’s Spot Rate of Exchange, in each case as reduced by any repayment or prepayment under this Agreement;

Sterling Amount means, in relation to Facility A, in relation to any Advance which is, or is to be, denominated in sterling, the principal amount thereof or, if such Advance is not, or is not to be, denominated in sterling, the equivalent of such amount in sterling calculated as at the date of the Utilisation Request in respect of such Advance and the Sterling Amount of a Requested Amount shall be determined accordingly.

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;