Common use of Conversion of currencies on application Clause in Contracts

Conversion of currencies on application. For the purpose of making an application under clause 12.1 any Mortgagee, Receiver or Attorney may purchase one currency with another, whether or not through an intermediate currency, whether spot or forward, in the manner and at the time it thinks fit.

Conversion of currencies on application. For the purpose of making an application under clause 12.1 12.1, any Mortgagee, a Receiver or an Attorney may purchase one currency with another, whether or not through an intermediate currency, whether spot or forward, exchange currencies in the manner and at the time it thinks fit.

Conversion of currencies on application. For the purpose of In making an application under clause 12.1 any 8.1, the Mortgagee, Receiver or Attorney may itself or through its bankers purchase one currency with another, whether or not through an intermediate currency, whether spot or forward, in the manner and amounts and at the time times it reasonably thinks fit.