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

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

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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

Samples: Indenture (Latchey LTD), Restricted Payments (CEDC Finance Corp LLC), Restricted Payments (CEDC Finance Corp LLC)

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