Common use of Foreign Currency Obligations Clause in Contracts

Foreign Currency Obligations. The Guarantor will pay any Guaranteed Obligations in the currency (the “Original Currency”) in which the Borrower is required to pay such Guaranteed Obligations. If the Guarantor makes payment relative to any Guaranteed Obligations in a currency (the “Other Currency”) other than the Original Currency (whether voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such payment will constitute a discharge of the obligations hereunder of the Guarantor only to the extent of the amount of the Original Currency which the Agent is able to purchase at Montreal, Quebec with the amount it receives on the date of receipt. If the amount of the Original Currency which the Agent is able to purchase is less than the amount of such currency originally due to it in respect to the relevant Guaranteed Obligations, the Guarantor will indemnify and save the Agent and the Secured Parties harmless from and against any loss or damage arising as a result of such deficiency. This indemnity will constitute an obligation separate and independent from the other obligations contained in this Agreement, will give rise to a separate and independent cause of action, will apply irrespective of any indulgence granted by the Agent or any Secured Party and will continue in full force and effect notwithstanding any judgment or order in respect of any amount due hereunder or under any judgment or order.

Foreign Currency Obligations. The Each Guarantor will pay any Guaranteed Obligations make payment relative to each Obligation in the currency (the “Original Currency”) in which the Borrower is required to pay such Guaranteed ObligationsObligation. If the a Guarantor makes payment relative to any Guaranteed Obligations Obligation in a currency (the “Other Currency”) other than the Original Currency (whether voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such payment will constitute a discharge of the obligations liability of such Guarantor hereunder in respect of the Guarantor such Obligation only to the extent of the amount of the Original Currency which the Agent is able to purchase at MontrealToronto, Quebec Ontario with the amount it receives on the date of receipt. If the amount of the Original Currency which the Agent is able to purchase is less than the amount of such currency originally due to it in respect to the relevant Guaranteed ObligationsObligation, the such Guarantor will indemnify and save the Agent and the Secured Parties Lenders harmless from and against any loss or damage arising as a result of such deficiency. This indemnity will constitute an obligation separate and independent from the other obligations contained in this AgreementGuaranty, will give rise to a separate and independent cause of action, will apply irrespective of any indulgence granted by the Agent or any Secured Party Lender and will continue in full force and effect notwithstanding any judgment or order in respect of any amount due hereunder or under any judgment or order.

Foreign Currency Obligations. The Guarantor will pay any Guaranteed Obligations make payment relative to each Obligation in the currency (the “Original Currency”) in which the Borrower is required to pay such Guaranteed ObligationsObligation. If the Guarantor makes payment relative to any Guaranteed Obligations Obligation to Agent in a currency (the “Other Currency”) other than the Original Currency (whether voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such payment will constitute a discharge of the obligations hereunder liability of the Guarantor hereunder in respect of such Obligation only to the extent of the amount of the Original Currency which the Agent is able to purchase at MontrealCalgary, Quebec Alberta with the amount it receives on the date of receipt. If the amount of the Original Currency which the Agent is able to purchase is less than the amount of such currency originally due to it in respect to the relevant Guaranteed ObligationsObligation, the Guarantor will indemnify and save the Agent and the Secured Parties harmless from and against any loss or damage arising as a result of such deficiency. This indemnity will constitute an obligation separate and independent from the other obligations contained in this AgreementGuarantee, will give rise to a separate and independent cause of action, will apply irrespective of any indulgence granted by the Agent or any Secured Party and will continue in full force and effect notwithstanding any judgment or order in respect of any amount due hereunder or under any judgment or order.

Foreign Currency Obligations. The Guarantor will pay shall make payment relative to any Guaranteed Obligations Liabilities in the currency (the “Original Currency”) in which the Borrower Debtor is required to pay such Guaranteed ObligationsLiabilities. If the Guarantor makes payment relative to any Guaranteed Obligations Liabilities in a currency (the “Other Currency”) other than the Original Currency (whether voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such payment will shall constitute a discharge of the obligations hereunder Secured Liabilities of the Guarantor only to the extent of the amount of the Original Currency which the Agent is able to purchase at Montreal, Quebec with the amount it receives on the date of receipt. If the amount of the Original Currency which the Agent is able to purchase is less than the amount of such currency originally due to it in respect to the relevant Guaranteed ObligationsLiabilities, the Guarantor will shall indemnify and save the Agent and the other Secured Parties harmless from and against any loss or damage arising as a result of such deficiency. This indemnity will constitute constitutes an obligation separate and independent from the other obligations contained in this Agreement, will give gives rise to a separate and independent cause of action, will apply applies irrespective of any indulgence granted by the Agent or any other Secured Party and will continue continues in full force and effect notwithstanding any judgment or order in respect of any amount due hereunder or under any judgment or order.