Roubles definition
Examples of Roubles in a sentence
The Company shall ensure that all revenues of the Company and any other payments made to the Company which, in either case, are received in Roubles or which the Company is required by applicable law to convert into Roubles or remit to or retain in the Russian Federation, including without limitation any payments made to the Company in Roubles under the Construction Contract, the Marketing Agreements and the other Project Agreements, are deposited into one of the Russian Bank Accounts.
Parties may at any time, upon mutual consent, change the currency of payments hereunder from EUR to US Dollars, British Pounds Sterling, Russian Roubles or, if impossible, to another alternative currency (any of which, an “Alternative Currency”) and agree on a minimum share of payments in Alternative Currency.
Amounts may be withdrawn from the Export Sales Subaccount only for the purpose of transferring such amounts to one of the Russian Bank Accounts to the extent (and only to the extent) that such amounts are subject, in accordance with then applicable law, to mandatory conversion into Roubles and transfer to the Russian Federation.
For the avoidance of doubt, (i) any liability for a Warranty Claim in relation to a breach of Title Warranties shall not exceed RUB 4,000,000,000 (four billion Roubles); (ii) any liability for a Warranty Claim other than for a breach of Title Warranties shall not exceed RUB 2,000,000,000; and (iii) the aggregate liability with respect to Warranty Claims, whether Title Warranties or other, shall not exceed RUB 4,000,000,000 (four billion Roubles).
The Guarantor shall make payments under this Agreement and under the Guarantee in Roubles, except where the Lenders are reimbursed for the expenses incurred in connection with this Agreement and the Guarantee which shall be paid by the Guarantor in the currency they were incurred (hereinafter — the Contract Currency) unless payments in such currency are against the laws.
The Principal Paying Agent shall not be liable to any Noteholder or any other party for any losses whatsoever resulting from application by the Principal Paying Agent of the Applicable Exchange Rate or from any delay in payment due to the failure by the relevant Noteholders to make arrangement for receipt in Russian Roubles where it is not possible for the Principal Paying Agent to purchase the U.S. Dollar Amount at the Applicable Exchange Rate.
Each amount payable in accordance with Clause 5.1 shall be paid unconditionally by credit transfer in Russian Roubles and in Same-Day Funds, in each case, unless agreed otherwise, not later than 10:00 a.m. (London time) two Business Days prior to the Payment Date to the Account.
If, for any reason on the Exchange Date, it is not possible for the Principal Paying Agent to purchase the U.S. Dollar Amount with the Exchange Amount at the Applicable Exchange Rate, the Principal Paying Agent shall make payments on the Notes in Russian Roubles to accountholders in Euroclear and Clearstream, Luxembourg through the facilities of Euroclear and/or Clearstream, Luxembourg.
The Company shall ensure that all revenues of the Company and any other payments made to the Company which, in either case, are received in Roubles or which the Company is required by applicable law to convert into Roubles or remit to or retain in the Russian Federation, including without limitation any payments made to the Company in Roubles under the Construction Contract, the Supply Contracts, the Marketing Agreements and the other Project Agreements are deposited into one of the Russian Bank Accounts.
Grantee may make such payment according to any bill, statement, or estimate procured from the appropriate public office without inquiry into the accuracy of such bill, statement, or assessment or into the validity of such tax, assessment, sale, or forfeiture.