Common use of Obligations Binding Clause in Contracts

Obligations Binding. For purposes Section 3(a)(v) the representation as to enforceability of such obligation shall also be subject to the fact that judgments awarded by Canadian courts may only be in Canadian dollars and that such judgments may be awarded based on a rate of exchange in existence on a day other than the day of payment.

Appears in 8 contracts

Sources: Interest Rate Master Agreement (RBC Covered Bond Guarantor Limited Partnership), Covered Bond Master Agreement (RBC Covered Bond Guarantor Limited Partnership), Interest Rate Swap Agreement

Obligations Binding. For purposes of Section 3(a)(v) the representation as to enforceability of such obligation shall also be subject to the fact that judgments awarded by Canadian courts may only be in Canadian dollars and that such judgments may be awarded based on a rate of exchange in existence on a day other than the day of payment.

Appears in 6 contracts

Sources: Master Agreement, Master Agreement, Master Agreement