Common use of Different Currencies Clause in Contracts

Different Currencies. A Secured Party may exercise its rights under Subclause 23.1 (Set-Off Rights) notwithstanding that the amounts concerned may be expressed in different currencies and each Secured Party is authorized to effect any necessary conversions at a market rate of exchange selected by it in its usual course of business.

Different Currencies. A Secured Party may exercise its rights under Subclause 23.1 28.1 (Set-Off Rights) notwithstanding that the amounts concerned may be expressed in different currencies and each Secured Party is authorized authorised to effect any necessary conversions at a market rate of exchange selected by it in its usual course of business.