Payment Currency definition
Examples of Payment Currency in a sentence
Checks in a Specified Payment Currency other than U.S. dollars shall be drawn on a bank office located outside the United States.
In the event all or any portion of a Specified Payment Currency is not convertible into U.S. dollars, Holders of such DTC Registered Debt Securities shall receive payment in the Specified Payment Currency.
For the purposes of this Clause, “rate of exchange” means the rate at which the Chargee is able on or about the date of such payment to purchase the Contractual Currency with the Payment Currency and shall take into account any premium and other costs of exchange with respect thereto.
Except as provided in Article VII hereof, such payments shall be made in the Specified Payment Currency.
Except as provided in Section 2.03(c) and Article VII hereof, such payments shall be made in the Specified Payment Currency.