Common use of Dollar Transaction Clause in Contracts

Dollar Transaction. The payment of all amounts due under this Agreement in U.S. Dollars is of the essence of this Agreement, and such obligations shall not be discharged by any amount paid in another currency, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion to U.S. Dollars under normal banking procedures does not yield the amount of U.S. Dollars due hereunder.

Dollar Transaction. The payment of all amounts due under this Agreement hereunder in U.S. Dollars is of the essence of this the Agreement, and such obligations the obligation of the Borrower under the Agreement to make payment in U.S. Dollars shall not be discharged by any amount paid in another currency, whether pursuant to a judgment judgement or otherwise, to the extent that the amount so paid on prompt conversion to U.S. Dollars under normal banking procedures does not yield the amount of U.S. Dollars due hereunder.