Common use of Securities Denominated in Foreign Currencies Clause in Contracts

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Company solely in the Currency so selected.

Appears in 30 contracts

Samples: Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (NetApp, Inc.)

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Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee or the applicable paying agent by the Company or the Guarantor solely in the Currency so selected.

Appears in 2 contracts

Samples: Thermo Fisher Scientific Inc., Thermo Fisher Scientific (Finance I) B.V.

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 2.2 for Securities of any seriesSeries, payment of the principal of, premium, if any, and interest on, Securities of such series Series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series Series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series Series is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such seriesSeries, in a Board Resolution Resolution, a supplemental indenture or in one or more indentures supplemental heretoan Officer’s Certificate. In such event, the Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such seriesSeries, in a Board Resolution Resolution, a supplemental indenture or in one or more indentures supplemental heretoan Officer’s Certificate of the Company. The payment with respect to such payment date shall be deposited with the Trustee or the Paying Agent by the Company or any of the Guarantors solely in the Currency so selected.

Appears in 2 contracts

Samples: Omnicom Finance Holdings PLC, Omnicom Group Inc.

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental heretopursuant to Section 2.01. In such event, the Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental heretopursuant to Section 2.01. The payment with respect to such payment date shall be deposited with the Trustee by the Company solely in the Currency so selected.

Appears in 2 contracts

Samples: Nike Inc, Nike Inc

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Securities Denominated in Foreign Currencies. Except --------------------------------------------- as otherwise specified pursuant to Section 2.01 2.03 for the Securities of any series, payment of the principal of, and premium, if any, and interest interest, if any, on, the Securities of such series denominated in any Foreign Currency will shall be made in Dollars. For the purposes of calculating the principal amount of the Securities of any series denominated in a Foreign Currency for any purpose under this Indenture, the principal amount of such Foreign CurrencySecurities at any time outstanding shall be deemed to be the Dollar Equivalent of such principal amount as of the date of any such calculation. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, or premium, if any, or interest on interest, if any, on, the Securities of a series is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Company shall shall, as provided in the Securities of such series, notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Company’s 's obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment to the Trustee or the Paying Agent with respect to such payment date shall be deposited with the Trustee made by the Company solely in the Currency so selected.

Appears in 1 contract

Samples: Cytec Industries Inc/De/

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 2.2 for Securities of any seriesSeries, payment of the principal of, premium, if any, and interest on, Securities of such series Series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series Series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series Series is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such seriesSeries, in a Board Resolution Resolution, a supplemental indenture or in one or more indentures supplemental heretoan Officer’s Certificate. In such event, the Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such seriesSeries, in a Board Resolution Resolution, a supplemental indenture or in one or more indentures supplemental heretoan Officer’s Certificate of the Company. The payment with respect to such payment date shall be deposited with the Trustee or the Paying Agent by the Company or the Guarantor solely in the Currency so selected.

Appears in 1 contract

Samples: Omnicom Finance Holdings PLC

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