Common use of Conversion of Currencies Clause in Contracts

Conversion of Currencies. In making any currency conversion under Section 10.2, a Finance Party, Receiver, or attorney may itself or through its bankers (in a manner consistent with their usual practices) 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 it thinks fit.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Peplin Inc), Loan Agreement (Peplin Inc)

AutoNDA by SimpleDocs

Conversion of Currencies. In making any currency conversion under Section 10.2clause 13.3, a Finance Party, Receiver, Receiver or attorney Attorney may itself or through its bankers (in a manner consistent with their usual practices) 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 thinks fit.

Appears in 2 contracts

Samples: Facility Agreement (Apollo Gold Corp), Facility Agreement (Apollo Gold Corp)

AutoNDA by SimpleDocs

Conversion of Currencies. In making any currency conversion under Section 10.2clause 15.3, a Finance Party, Receiver, Receiver or attorney Attorney may itself or through its bankers (in a manner consistent with their usual practices) 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 thinks fitfit in accordance with its normal procedures.

Appears in 2 contracts

Samples: Term Facility Agreement (Paringa Resources LTD), Project Facility Agreement (Paringa Resources LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!