Common use of Contract Currency Clause in Contracts

Contract Currency. The Company shall indemnify the Initial Purchaser, the Trustee or Holder against any loss incurred by it as a result of any payment by, or judgment or order against the Company, being given or made and expressed and paid in a currency (the “Non-Contract Currency”) other than U.S. dollars and as a result of any variation as between (i) the rate of exchange at which the U.S. dollar amount is converted into the Non-Contract Currency for the purpose of such payment, judgment or order and (ii) the spot rate of exchange in New York City at which such Person on the date of payment of such payment, judgment or order is able to purchase U.S. dollars with the amount of the Non-Contract Currency actually received by such Person. The foregoing indemnity shall constitute a separate and independent obligation of the Company and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term “spot rate of exchange” shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, U.S. dollars.

Contract Currency. The Company shall indemnify the Initial Purchaser, the Trustee or Holder against any loss incurred by it as a result of any payment by, or judgment or order against the Company, being given or made and expressed and paid in a currency (the “"Non-Contract Currency”") other than U.S. dollars and as a result of any variation as between (i) the rate of exchange at which the U.S. dollar amount is converted into the Non-Contract Currency for the purpose of such payment, judgment or order and (ii) the spot rate of exchange in New York City at which such Person on the date of payment of such payment, judgment or order is able to purchase U.S. dollars with the amount of the Non-Contract Currency actually received by such Person. The foregoing indemnity shall constitute a separate and independent obligation of the Company and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term “spot rate of exchange” shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, U.S. dollars."