Common use of Change in Rate of Exchange Clause in Contracts

Change in Rate of Exchange. If any change in the rate of exchange occurs between the Conversion Date and the date on which payment of the amount or amounts due is actually made to the Lender, the Borrower must pay to the lender whatever additional amount is necessary to ensure the Lender receives the full amount of the payment due under this Agreement when converted at the Rate of Exchange prevailing on the date the amount is received in the currency in which it is (apart from the judgment) due.

Appears in 6 contracts

Sources: Loan Agreement (Australian Oilseeds Holdings LTD), Loan Agreement (Australian Oilseeds Holdings LTD), Loan Agreement (Australian Oilseeds Holdings LTD)