Examples of Currency of Payment in a sentence

If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder in a Currency of Payment into another currency, the parties hereto agree that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase such Currency of Payment with such other currency at the Spot Selling Rate on the Business Day preceding that on which final judgment is given.
The obligations in respect of any sum due hereunder to any Lender or any Issuing Bank shall, notwithstanding any adjudication expressed in a currency other than the Currency of Payment, be discharged only to the extent that, on the Business Day following receipt by such Lender or Issuing Bank of any sum adjudged to be so due in such other currency, such Lender or Issuing Bank may, in accordance with normal banking procedures, purchase the Currency of Payment with such other currency.

More Definitions of Currency of Payment

Currency of Payment has the meaning specified in Section 10.07(a).

Currency of Payment shall have the meaning provided in Section 13.14.

Currency of Payment tranche specific

Currency of Payment means Pound Sterling (GBP).

Currency of Payment. See Section 4.3(a).

Currency of Payment. All payments of interest and principal, including any payments made upon any redemption of the Securities, will be made in euro. If euro is unavailable to the Issuers due to the imposition of exchange controls or other circumstances beyond the Issuers’ control or the euro is no longer used by the member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until euro is again available to the Issuer or so used.