Common use of Payment Currency Clause in Contracts

Payment Currency. (i) Each payment under the Agreement or any Transaction by the Client to GTJAFX will be made in the Currency in which such payment is to be made as specified by GTJAFX (the "Transaction Currency"). If for any reason the amount received by GTJAFX (converted to the Transaction Currency at a rate determined by GTJAFX in a commercially reasonable manner) falls short of the amount in the Transaction Currency payable to GTJAFX, the Client will, to the extent permitted by applicable law, immediately pay such additional amount in the Transaction Currency (calculated by GTJAFX) necessary to make good the shortfall, to the satisfaction of GTJAFX.

Payment Currency. (i) Each payment under the Agreement or any FX Transaction by the Client to GTJAFX will be made in the Currency in which such payment is to be made as specified by GTJAFX (the "Transaction Currency"). If for any reason the amount received by GTJAFX (converted to the Transaction Currency at a rate determined by GTJAFX in a commercially reasonable manner) falls short of the amount in the Transaction Currency payable to GTJAFX, the Client will, to the extent permitted by applicable law, immediately pay such additional amount in the Transaction Currency (calculated by GTJAFX) necessary to make good the shortfall, to the satisfaction of GTJAFX.