Common use of Currency Calculation Clause in Contracts

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

Appears in 6 contracts

Sources: Supplemental Subsidiary Guarantee Agreement (Stats Chippac Ltd.), Subsidiary Guarantee Agreement (Stats Chippac Ltd.), Supplemental Subsidiary Guarantee Agreement (Stats Chippac Ltd.)

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

Appears in 5 contracts

Sources: Indenture (Latchey LTD), Indenture (CEDC Finance Corp LLC), Indenture (CEDC Finance Corp LLC)

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

Appears in 2 contracts

Sources: Indenture (Smurfit WestRock PLC), Indenture (Smurfit Westrock PLC)