Common use of Currency Conversion and Currency Indemnity Clause in Contracts

Currency Conversion and Currency Indemnity. (a) Each Obligor shall make payment relative to any Obligation in the currency (the "AGREED CURRENCY") in which the Obligation was incurred. If any payment is received on account of any Obligation in any currency (the "OTHER CURRENCY") other than the Agreed Currency (whether voluntarily, pursuant to any conversion of a Loan or pursuant to an order or judgment or the enforcement thereof or the realization of any security or the liquidation of such Obligor or otherwise howsoever), such payment shall constitute a discharge of the liability of an Obligor hereunder and under the other Loan Documents in respect of such Obligation only to the extent of the amount of the Agreed Currency which the Canadian Administrative Agent and Lenders are able to purchase with the amount of the Other Currency received by it on the Business Day next following such receipt in accordance with its normal procedures and after deducting any premium and costs of exchange.

Currency Conversion and Currency Indemnity. (a) Each Obligor Borrowers shall make payment relative to any Obligation in the currency (the "AGREED CURRENCYAgreed Currency") in which the Obligation was incurred. If any payment is received on account of any Obligation in any currency (the "OTHER CURRENCY") other than the Agreed Currency (whether voluntarily, pursuant to any conversion Conversion of a Loan an Advance or pursuant to an order or judgment or the enforcement thereof or the realization of any security or the liquidation of such Obligor Borrower or otherwise howsoever), such payment shall constitute a discharge of the liability of an Obligor a Borrower hereunder and under the other Loan Documents in respect of such Obligation only to the extent of the amount of the Agreed Currency which the Canadian Administrative Agent and Lenders are relevant Lender is able to purchase with the amount of the Other Currency received by it on the Business Day next following such receipt in accordance with its normal procedures and after deducting any premium and costs of exchange.

Currency Conversion and Currency Indemnity. (a) Each Obligor Canadian Borrowers shall make payment relative to any Obligation in the currency (the "AGREED CURRENCYAgreed Currency") in which the Obligation was incurred. If any payment is received on account of any Obligation in any currency (the "OTHER CURRENCYOther Currency") other than the Agreed Currency (whether voluntarily, pursuant to any conversion Conversion of a Loan Canadian Advance or pursuant to an order or judgment or the enforcement thereof or the realization of any security or the liquidation of such Obligor Canadian Borrower or otherwise howsoever), such payment shall constitute a discharge of the liability of an Obligor a Canadian Borrower hereunder and under the other Canadian Loan Documents in respect of such Obligation only to the extent of the amount of the Agreed Currency which the Canadian Administrative Agent and Lenders relevant Lender Parties are able to purchase with the amount of the Other Currency received by it on the Business Day next following such receipt in accordance with its normal procedures and after deducting any premium and costs of exchange.

Currency Conversion and Currency Indemnity. (a) Each Obligor shall make payment relative to any Obligation in the currency (the "AGREED CURRENCYAgreed Currency") in which the Obligation was incurred. If any payment is received on account of any Obligation in any currency (the "OTHER CURRENCYOther Currency") other than the Agreed Currency (whether voluntarily, pursuant to any conversion of a Loan or pursuant to an order or judgment or the enforcement thereof or the realization of any security or the liquidation of such Obligor or otherwise howsoever), such payment shall constitute a discharge of the liability of an Obligor hereunder and under the other Loan Documents in respect of such Obligation only to the extent of the amount of the Agreed Currency which the Canadian Administrative Agent and Lenders are able to purchase with the amount of the Other Currency received by it on the Business Day next following such receipt in accordance with its normal procedures and after deducting any premium and costs of exchange.