Common use of TO BE NEGOTIATED Clause in Contracts

TO BE NEGOTIATED. Notwithstanding anything herein to the contrary, if, at or prior to the time of settlement, the Company and an Agent have entered into, or such Agent has arranged for the Company to enter into, a contract with respect to the sale of the currency (other than United States dollars) or currency unit in which a Note has been denominated and the purchase of which was solicited by such Agent, the commission in United States dollars payable by the Company to such Agent shall be based upon the same exchange rate set forth in such contract. The authorized denominations of Notes denominated in a currency or currency unit other than United States dollars shall be equivalent, as determined by the Market Exchange Rate for such currency or currency unit on the business day immediately preceding the date on which the offer for such Notes is accepted, of U.S. $1,000 (rounded down to an integral multiple of 10,000 units of such currency or currency unit), and any larger amount. The authorized denominations of Notes denominated in United States dollars shall be U.S. $1,000 and any larger amount in integral multiples of $1,000.

Appears in 2 contracts

Samples: Distribution Agreement (Sears Roebuck Acceptance Corp), Distribution Agreement (Sears Roebuck Acceptance Corp)

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TO BE NEGOTIATED. Notwithstanding anything herein to the contrary, if, at or prior to the time of settlement, the Company and an Agent have entered into, or such Agent has arranged for the Company to enter into, a contract with respect to the sale of Notes in the currency (other than United States dollars) or currency unit in which a Note has been denominated and the purchase of which was solicited by such Agent, the commission in United States dollars payable by the Company to such Agent shall be based upon the same exchange rate set forth in such contract. The authorized denominations of Notes denominated in a currency or currency unit other than United States dollars shall be equivalent, as determined by the Market Exchange Rate for such currency or currency unit on the business day immediately preceding the date on which the offer for such Notes is accepted, of U.S. $1,000 U.S.$1,000 (rounded down to an integral multiple of 10,000 1,000 units of such currency or currency unit), and any larger amountamount in an integral multiple of 1,000 units of such currency or currency unit. The authorized denominations of Notes denominated in United States dollars shall be U.S. $1,000 U.S.$1,000 and any larger amount in integral multiples of $1,000.

Appears in 2 contracts

Samples: Distribution Agreement (Sears Roebuck Acceptance Corp), Distribution Agreement (Sears Roebuck Acceptance Corp)

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