Currency of Account and Payment Sample Clauses

Currency of Account and Payment. The Contractual Currency is the sole currency of account and payment for all sums payable by the Issuer under or in connection with this Trust Deed, the Notes, the Receipts and the Coupons, including damages.

Currency of Account and Payment. GBP is the currency of account and payment for each and every sum at any time due from the Issuer hereunder.

Currency of Account and Payment. (a) The dollar is the currency of account and payment for each and every sum at any time due from the Borrowers hereunder; provided, however, that: (i) each repayment of a Borrowing or a part thereof shall be made in the currency in which such Borrowing is denominated at the time of that repayment; (ii) each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; (iii) each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and (iv) each payment pursuant to Sections 2.14, 2.15, 2.16, 2.20 and 2.21 shall be made in the currency specified by the Administrative Agent. (b) If any sum due from any Loan Party under this Agreement, any other Loan Document or any order or judgment given or made in relation hereto has to be converted from the currency (the “first currency”) in which the same is payable hereunder or under such order or judgment into another currency (the “second currency”) for the purpose of (a) making or filing a claim or proof against any Loan Party, (b) obtaining an order or judgment in any court or other tribunal or (c) enforcing any order or judgment given or made in relation hereto, the Borrowers shall indemnify and hold harmless the Agents and each Lender from and against any loss suffered or incurred as a result of any discrepancy between (i) the rate of exchange used for such purpose to convert the sum in question from the first currency into the second currency and (ii) the rate or rates of exchange at which any Agent or Lender may in the ordinary course of business purchase the first currency with the second currency upon receipt of a sum paid to it in satisfaction, in whole or in part, of any such order, judgment, claim or proof.

Currency of Account and Payment. The Relevant Currency is the sole currency of account and payment for all sums payable by the Issuer under or in connection with the relevant Trust Deed and the ETP Securities, including damages.

Currency of Account and Payment. Except where specified otherwise, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Issuer Documents, except that each payment in respect of costs and expenses in respect of an Issuer Document shall be made in the currency in which the same were incurred.

Currency of Account and Payment. Sterling is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 25.1.1 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and 25.1.2 each payment pursuant to Clause 10.2 (Tax Indemnity), Clause 12.1 (Increased Costs) or Clause 24 (Borrowers Indemnities) shall be made in the currency specified by the party claiming thereunder.

Currency of Account and Payment. Unless otherwise specified, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Transaction Documents, provided that each payment in respect of costs and expenses in respect of a Transaction Document shall be made in the currency in which the same were incurred.

Currency of Account and Payment. 27.1 CURRENCY OF ACCOUNT Euro is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 27.1.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; 27.1.4 each payment pursuant to Clause 11.2 (TAX INDEMNITY), Clause 13.1 (INCREASED COSTS) or Clause 26.1 (USPE'S INDEMNITY) shall be made in the currency specified by the party claiming thereunder; and 27.1.5 any amount expressed to be payable in a currency other than euro shall be paid in that other currency. If after the date of this Agreement a member state becomes a Participating State, all obligations under this Agreement (including any obligation in respect of any Bank's Available Commitment) to make a payment in its national currency unit shall be redenominated into the euro unit on the date on which it becomes a Subsequent Participant (but otherwise in accordance with EMU Legislation).

Currency of Account and Payment. 22.1 The dollar is the currency of account and payment for each and every sum at any time due from either of the Obligors hereunder Provided that: (i) each repayment of an Advance or a part thereof shall be made in the currency in which such Advance is denominated at the time of that repayment; (ii) each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; (iii) each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; (iv) each payment pursuant to Clause 11.2 or Clause 13.1 shall be made in the currency specified by the party claiming thereunder; and (v) any amount expressed to be payable in a currency other than dollars shall be paid in that other currency. 22.2 If the Agent at any time determines (after consultation with the Reference Banks and the Banks) that: (i) for reasons affecting the market in ECU generally, ECU are not freely available in the International Interbank Market; (ii) the ECU has ceased to be utilised as the basic accounting unit of the European Union; (iii) the ECU has ceased to be used in the European Monetary System; or (iv) it is illegal, impossible or impracticable for payments to be made hereunder in ECU, then the Agent may, in its discretion, but after consultation with the Borrower and the Banks, declare (such declaration to be binding on all the parties hereto) that the repayment of any Advance denominated in ECU and any payment of interest thereon that is due and unpaid at the time of, or becomes due after, such declaration shall be made in a specified component currency, in which case the amount so to be paid in such component currency shall be computed on the basis of the equivalent of the ECU in such component currency determined in accordance with the provisions of the Fifth Schedule. 22.3 If any sum due from either of the Obligors under this Agreement or any order or judgment given or made in relation hereto has to be converted from the currency (the "first currency') in which the same is payable hereunder or under such order or judgment into another currency (the "second currency") for the purpose of (i) making or filing a claim or proof against such Obligor, (ii) obtaining an order or judgment in any court or other tribunal or (iii) enforcing any order or judgment given or made in relation hereto, the Borrower shall indemnify and hold harmless each of the persons to whom such sum is due from an...