Common use of Currency Calculation Clause in Contracts

Currency Calculation. Except as otherwise expressly set forth herein, for purposes of determining compliance with any euro-denominated restriction herein, the euro-equivalent amount for purposes hereof that is denominated in a non-euro currency shall be calculated based on the relevant currency exchange rate in effect on the date such non-euro amount is incurred or made, as the case may be.

Appears in 13 contracts

Samples: Eircom Funding (Valentia Telecommunications), Indenture (Central European Media Enterprises LTD), Dollar Indenture (JSG Acquisitions I)

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Currency Calculation. Except as otherwise expressly set forth herein, for purposes of determining compliance with any euro-denominated restriction herein, the euro-equivalent amount for purposes hereof that is denominated in a non-euro currency shall be calculated based on the relevant currency exchange rate in effect on the date such non-euro amount is incurred or made, as the case may be.

Appears in 7 contracts

Samples: Indenture (Hungarian Telephone & Cable Corp), Note Accession Agreement (Hungarian Telephone & Cable Corp), Indenture (Hungarian Telephone & Cable Corp)

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