Rate of Exchange. The term "rate of exchange" in this Clause 12 means the rate at which the Lender in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 3 contracts
Samples: Teekay Shipping Corp, Teekay Shipping Corp, Teekay Shipping Corp
Rate of Exchange. The term "rate of exchange" in this Clause 12 9 means the rate at which the Lender Banks in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 2 contracts
Samples: Deposit Agreement (Teekay Shipping Corp), Reimbursement Agreement (Teekay Shipping Corp)
Rate of Exchange. The term "“rate of exchange" ” in this Clause Section 12 means the rate at which the Lender Lenders in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 2 contracts
Samples: Credit Agreement (Tidewater Inc), Credit Facility Agreement (Tidewater Inc)
Rate of Exchange. The term "rate of exchange" in this Clause 12 16 means the rate at which the Lender Lenders in accordance with their normal practices are able on the relevant date to purchase Dollars with the judgment currency and includes any premium and costs of exchange payable in connection with such purchase.
Appears in 1 contract
