Deemed Currency Clause Samples

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Deemed Currency. 8 1.4 Date for Any Action................................................8 1.5 Decision by Board of Directors.....................................8 1.6 Interpretation Not Affected by Party Drafting......................9 1.7 Statutes...........................................................9
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Deemed Currency. Unless otherwise specified, all dollar amounts described in this Agreement are expressed in Canadian dollars.
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Deemed Currency. In the absence of a specific designation of any currency any undescribed dollar amount herein shall be deemed to refer to Canadian dollars.
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Deemed Currency. Unless otherwise stated, all references in this Agreement to sums of money are expressed in lawful money of Canada.
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Deemed Currency. In the absence of a specific designation of any currency, any undescribed dollar amount herein will be deemed to refer to United States dollars.
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Deemed Currency. Unless otherwise expressly stated, all references to currency herein shall be, and be deemed to be, references to Canadian currency.
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Deemed Currency. Unless otherwise expressly stated, all references to dollars, “$” or currency herein shall be deemed to be references to U.S. currency.
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Related to Deemed Currency

  • Blocked Currency In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.

  • Specified Currency Whether the Note is an OID Note, and if it is an OID Note, the applicability of Modified Payment upon Acceleration (and if so, the Issue Price).

  • Payment Currency All payments due under this Agreement will be paid in U.S. Dollars. Conversion of foreign currency to U.S. Dollars will be made at the conversion rate existing in the United States (as reported in the Wall Street Journal) on the last working day of the applicable Calendar Quarter. Such payments will be without deduction of exchange, collection or other charges.

  • Selection of currency A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.

  • Judgment Currency If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable Law).