Different Denominations Clause Samples
The 'Different Denominations' clause defines how obligations or payments under a contract may be made in various currencies or units of value. In practice, this clause specifies whether parties can fulfill their financial commitments using different denominations, such as paying in euros instead of dollars, and may outline the method for converting between currencies, including applicable exchange rates or conversion dates. Its core function is to provide flexibility and clarity in cross-border or multi-currency transactions, reducing the risk of disputes over payment methods and ensuring both parties understand how currency differences will be handled.
Different Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.
Different Denominations. This Debenture is exchangeable for an equal aggregate principal amount of Debentures of different authorized denominations, as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.
Different Denominations. This Debenture is exchangeable for an equal aggregate principal amount of Debentures of different authorized denominations, as requested by the Holder surrendering the same; provided that, each such Debenture shall be in denominations of at least $500,000 or a higher integral multiple of $100,000 (or if less, the principal amount outstanding of the Debenture being exchanged). No service charge will be payable for such registration of transfer or exchange.
Different Denominations. This Note is exchangeable for an equal aggregate principal amount of Note of different authorized denominations, as requested by the Holder surrendering the same; provided, that the minimum principal amount of any replacement Note shall be $25,000.00. No service charge will be payable for such registration of transfer or exchange.
Different Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes and Accrued PIK Interest of different authorized denominations (of no less than $1,000 in principal amount), as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.
Different Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations (of no less than $10,000 in principal amount), as requested by the Holder surrendering the same.
Different Denominations. In connection with any meeting of the holders of Covered Bonds of more than one Series where such Covered Bonds are not denominated in euro, the nominal amount of the Covered Bonds of any Series not denominated in euro shall be converted into euro at the relevant exchange rate at the date of the meeting.
Different Denominations. This Impact Note is exchangeable for an equal aggregate principal amount of Impact Notes of different authorized denominations, as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.
Different Denominations. This Convertible Note is exchangeable, from time to time, for Convertible Note in different denominations and in the names of one or more different designees, nominees or assignees, in an aggregate principal amount equal to the aggregate principal balance outstanding on the Convertible Note being exchanged at the time, as requested by the Holder surrendering the same. No service charge will be payable for such exchanges, transfers, or registrations of transfers.
Different Denominations. This Series B Debenture is exchangeable for an equal aggregate principal amount of Series B Debentures of different authorized denominations, as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.