Common use of Monetary References Clause in Contracts

Monetary References. Whenever any amounts of money are referred to herein, such amounts shall be deemed to be in lawful money of the United States of America unless otherwise expressed. All payments to be made under this Indenture or a supplemental indenture shall be made in United States dollars. In order to perform any calculation that converts the Canadian dollar trading price of the Shares or the price or value of consideration payable in exchange of Shares into United States dollars, such calculation shall be performed using the daily average rate of exchange as reported by the Bank of Canada at 16:30 (ET) (or such successor reference rate then in existence as reported by the Bank of Canada) in respect of the date on which such calculation is to be performed.

Monetary References. Whenever any amounts of money are referred to herein, such amounts shall be deemed to be in lawful money of the United States of America unless otherwise expressed. All payments to be made under this Indenture or a supplemental indenture shall be made in United States dollars. In order to perform any calculation that converts the Canadian dollar trading price of the Shares or the price or value of consideration payable in exchange of Shares into United States dollars, such calculation shall be performed using the daily average noon rate of exchange for such currencies as reported by the Bank of Canada at 16:30 (ET) (or such successor reference rate then in existence as reported by the Bank of Canada) in respect of the date on which such calculation is to be performed.