Dollar Transaction Clause Samples

A Dollar Transaction clause defines that all payments, settlements, or financial calculations under the agreement will be conducted in U.S. dollars. This means that regardless of the parties' locations or the currencies in which they typically operate, any amounts due must be converted to and paid in U.S. dollars, often using a specified exchange rate or conversion method. The core function of this clause is to eliminate currency fluctuation risks and ensure consistency in financial dealings, thereby simplifying accounting and reducing potential disputes over currency values.
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Dollar Transaction. This is an international financing transaction in which the specification of Dollars and payment in New York, New York is of the essence, and Dollars shall be the currency of account and of payment in all events. The payment obligations of the Equity Contributor hereunder shall not be discharged by an amount paid in another currency or in another place, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion into Dollars and transfer to New York, New York under normal banking procedures does not yield the amount of Dollars in New York, New York due hereunder. In the event that any payment, whether pursuant to a judgment or otherwise, upon such conversion and transfer does not result in payment of such amount of Dollars in New York, New York, the Administrative Agent or the Company, as the case may be, shall be entitled to demand immediate payment of, and shall, to the fullest extent permitted by law, have a separate cause of action for, such Dollar deficiency.
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Dollar Transaction. This is an international loan transaction in which the specification of U.S. Dollars and payment in the United States is of the essence, and U.S. Dollars shall be the currency of account, of advance and of payment in all events. The obligation of the Bank to advance and of the Borrower to pay amounts due hereunder shall not be discharged by payment of an amount in another currency or in another place, whether pursuant to a judgment or otherwise. In the event that any payment, whether pursuant to a judgment or otherwise, shall be made in a currency other than U.S. Dollars or in a place other than within the United States, such amount shall be promptly converted into U.S. Dollars and transferred to New York under normal banking procedures at then prevailing spot market foreign exchange rates. In the event that any such payment does not satisfy the obligations of the Borrower hereunder, the Bank shall be entitled to demand immediate payment of, and shall have a separate cause of action against the Borrower for, the U.S. Dollars deficiency in respect of the payments due to it.
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Dollar Transaction. The payment of all amounts due under this Agreement in U.S. Dollars is of the essence of this Agreement, and such obligations shall not be discharged by any amount paid in another currency, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion to U.S. Dollars under normal banking procedures does not yield the amount of U.S. Dollars due hereunder.
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Dollar Transaction. The transaction evidenced by this Agreement and the Note is a Dollar transaction in which the specification of payment in Dollars and payment at the place specified hereunder are of the essence. Dollars shall be the sole currency of account and of payment, and the place specified hereunder shall be the place of payment in all events. The obligations of Borrower to make each payment in Dollars at the place of payment hereunder shall not be discharged or satisfied by an amount paid or recovered, whether pursuant to a judgment or otherwise, which is expressed in or converted into any currency other than Dollars to the extent that the amount so paid or recovered on prompt conversion into Dollars and transfer to the place of payment hereunder under normal banking procedures does not yield at least the amount of Dollars at the place of payment as due hereunder, and, in such event, Agent, shall be entitled to demand in writing and receive immediate payment of, and shall have a separate and additional cause of action for, the additional amount necessary to yield the amount of Dollars due hereunder at the place specified herein for payment. Such separate and additional cause of action shall survive and not be affected by any judgment being obtained for such additional amount or any other amount due under this Indenture or the termination or completion hereof. Notwithstanding the foregoing, this provision shall apply only to payments made by any Borrower Party to Agent and/or Lender hereunder or under any other Loan Documents (including the determination of whether sufficient Reserve Funds have been deposited with Agent in accordance with the Loan Agreement), and Agent acknowledges and agrees that that the Borrower Parties may transact in, collect, or deposit (or cause deposits to be made) in currencies other than Dollars in the normal course of their operations.
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Dollar Transaction. All payments shall be made in U.S. Dollars, and payment obligations shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise.
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Dollar Transaction. All payments shall be made in U.S. Dollars, and payment obligations shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise. To the extent the amount paid on prompt conversion to U.S. Dollars under normal banking procedures does not yield the amount of U.S. Dollars due hereunder, DKRW-AF shall, immediately upon demand by Rentech, make up the deficiency and Rentech shall have a separate cause of action against DKRW-AF with respect to such deficiency.
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Dollar Transaction. To the extent this is an international licensing transaction, the specification of U.S. Dollars and payment in Denver, Colorado, United States of America, is of the essence. U.S. Dollars shall be the currency in which all obligations between the parties are paid. Except to the extent of possible Texaco offsets of Rentech Royalties and Rentech Catalyst Markup, the payment obligations hereunder shall not be discharged by an amount paid in another currency or in another place.
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Related to Dollar Transaction

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • Related Person Transactions Except for indemnification, compensation or other employment arrangements in the ordinary course of business, there are no Contracts, transactions, arrangements or understandings between the Company Group, on the one hand, and any Affiliate (including any director or officer) thereof, but not including any wholly owned Subsidiary of the Company, on the other hand, that would be required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC in the Company’s Form 10-K or proxy statement pertaining to an annual meeting of stockholders.

  • Formation Transactions The Formation Transactions shall have been or shall be consummated substantially concurrently in accordance with the timing set forth in the respective Formation Transaction Documentation.

  • Acquisition Transactions The Company shall provide the holder of this Warrant with at least twenty (20) days’ written notice prior to closing thereof of the terms and conditions of any of the following transactions (to the extent the Company has notice thereof): (i) the sale, lease, exchange, conveyance or other disposition of all or substantially all of the Company’s property or business, or (ii) its merger into or consolidation with any other corporation (other than a wholly-owned subsidiary of the Company), or any transaction (including a merger or other reorganization) or series of related transactions, in which more than 50% of the voting power of the Company is disposed of.

  • Alternative Transactions (a) Between the Original Signing Date and the Closing Date, except for the issuance of shares of Common Stock issuable as of the Original Signing Date as set forth in Schedule 3.1(g) and the Securities being issued pursuant to this Agreement, the Company shall not (i) issue or agree to issue any additional shares of Common Stock or other securities which provide the holder thereof the right to convert such securities into shares of Common Stock or (ii) directly or indirectly, by act or omission, solicit, pursue, agree to, engage in or become subject to any recapitalization, reorganization or capital-raising transaction other than the transactions contemplated by the Transaction Documents. (b) If, prior to Closing, the Company takes any action that would, if the Warrant were outstanding at such time, result in an adjustment to the Shares issuable upon the exercise of the Warrant or the exercise price thereof, then, at the Purchaser’s option which may be exercised in the Purchaser’s sole discretion, the Company shall make appropriate adjustments with respect to the Securities to be issued to the Purchasers under this Agreement such that the Purchasers shall receive the benefit of such adjustments under the Warrant as if the provisions of the Warrant applied thereto mutatis mutandis and such Securities had been outstanding as of the date of such action in a manner that provides the Purchasers with substantially the same economic benefit from this Agreement as the Purchasers had prior to the applicable transaction. (c) In the event this Agreement is terminated by the Purchaser pursuant to Sections 6.16(a)(iv), (vi) or (vii) and, within 12 months of the date of such termination the Company or any of its Subsidiaries engages in or becomes subject to, or enters into an agreement to engage in or become subject to, any alternate recapitalization, reorganization or capital-raising transaction, then the Purchasers shall have the right to participate in such transaction on terms no less favorable to the Purchasers than as provided for in this Agreement (and in any event no less favorable to the Purchasers than provided to any other participant in such alternate transaction), and the Company shall take all actions reasonably requested by the Purchasers in order to allow the Purchasers to fully exercise such right and participate in such transaction. (d) Prior to Closing, notwithstanding anything in this Agreement to the contrary, the Company shall not directly or indirectly effect, agree to effect or cause to be effected any transaction with a third party that would reasonably be expected to result in a Change in Control unless such third party shall have provided prior assurance in writing to the Purchasers (in a form that is reasonably satisfactory to the Purchasers) that the terms of this Agreement shall be fully performed (i) by the Company or (ii) by such third party if it is the successor of the Company or if the Company is its direct or indirect subsidiary. For the avoidance of doubt, it is understood and agreed that, in the event that a Change in Control occurs on or prior to the Closing, the Purchasers shall maintain the right under this Agreement to acquire, pursuant to the terms and conditions of this Agreement, the Securities (or such shares of stock or other securities or property (including cash) into which the Securities may have become exchangeable as a result of such Change in Control), as if the Closing had occurred immediately prior to such Change in Control. As used herein, “Change in Control” shall be deemed to occur if (i) there occurs a change in control of the Company of the nature that would be required to be reported in response to item 6(e) of Schedule 14A of Regulation 14A or Item 5.01 of Form 8-K promulgated under the 1934 Act (or if neither item remains in effect, any regulations issued pursuant to the 1934 Act which serve similar purposes); (ii) any “Person” (as such term is used in Sections 13(d) and 14(d)(2) of the ▇▇▇▇ ▇▇▇) is or becomes a beneficial owner, directly or indirectly, of Company Securities representing 50% percent or more of the total voting power of the Company’s then outstanding shares of capital stock; (iii) the Company shall have merged into, consolidated with or effected an amalgamation with another company, or merged another company into the Company, on a basis whereby less than 50% of the total voting power of the surviving company is represented by shares held by former shareholders of the Company prior to such merger, consolidation or amalgamation; or (iv) the Company shall have sold, transferred, pledged or exchanged all, or substantially all, of its assets to another Person.