Common use of Currency conversion on judgment debt Clause in Contracts

Currency conversion on judgment debt. If a judgment, order or proof of debt for an amount in connection with this guarantee and indemnity is expressed in a currency other than the currency in which the amount is due under this guarantee and indemnity, then the Guarantor indemnifies the Trustee against: (a) any difference arising from converting the other currency if the rate of exchange used by the Trustee under clause 12.2 (“Currency of payment”) for converting currency when it receives a payment in the other currency is less favourable to the Trustee than the rate of exchange used for the purpose of the judgment, order or acceptance of proof of debt; and (b) the Costs of conversion.

Currency conversion on judgment debt. If a judgment, order or proof of debt for an amount in connection with this guarantee and indemnity mortgage is expressed in a currency other than the currency in which the amount is due under this guarantee and indemnitymortgage, then the Guarantor Mortgagor indemnifies the Trustee Mortgagee against: (a) any difference arising from converting the other currency if the rate of exchange used by the Trustee Mortgagee under clause 12.2 10.2 (“Currency of payment”) for converting currency when it receives a payment in the other currency is less favourable to the Trustee Mortgagee than the rate of exchange used for the purpose of the judgment, order or acceptance of proof of debt; and (b) the Costs costs of conversion. The Mortgagor agrees to pay amounts under this indemnity on demand from the Mortgagee.