Common use of Excess Amounts Clause in Contracts

Excess Amounts. If, by reason of any judgment or order as is referred to in Clause 18.2, the amount receivable by the Trustee, the ETP Securityholders any Secured Creditor or any other party entitled to the benefit of the obligations and duties of the Issuer under the Programme Documents, if converted on the date of payment into the Relevant Currency would yield a sum in excess of that due in the Relevant Currency, the Trustee shall hold such excess to the order of the Issuer or other person making payment.

Appears in 5 contracts

Samples: leverageshares.com, leverageshares.com, leverageshares.com

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