Sterling definition

Sterling and “£” mean the lawful currency of the United Kingdom.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Sterling or “£” means the lawful currency for the time being of the United Kingdom.

Sterling means the lawful money of the United Kingdom.

Examples of Sterling in a sentence

All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed (i) by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate and (ii) on Multicurrency Loans denominated in Sterling shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Interest computed by reference to the Daily Simple RFR with respect to Pounds Sterling or the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year).
Each Term Benchmark Loan shall be denominated in Dollars or in an Agreed Foreign Currency (other than Sterling or CHF).

Sterling or “£” means lawful money of the United Kingdom of Great Britain and Northern Ireland.

Sterling. “GBP” and “£” mean the lawful currency of the United Kingdom.

Sterling or “£” means freely transferable lawful money of the United Kingdom (expressed in pounds sterling).

Sterling or “£” means pounds sterling, the lawful currency of the United Kingdom;

Sterling and “£” means the lawful currency of the United Kingdom;

Sterling means British Pounds Sterling, the lawful currency of the United Kingdom on the date hereof.

Sterling means such coin or currency of the United Kingdom as at the time shall be legal tender for the payment of public or private debts.