Common use of Conversion/Valuation into Agreed Currency Clause in Contracts

Conversion/Valuation into Agreed Currency. If for any purpose it becomes necessary to convert or value an amount in a particular currency (the “Non-Agreed Currency”) into, or in an amount of, an Agreed Currency or US Dollars, then the conversion or valuation shall be determined using the Dollar Equivalent of such amount and in any event Borrower shall be obligated to pay the Agents, the Issuing Banks and the Lenders any deficiency in accordance with Section 2.19(c).

Appears in 3 contracts

Samples: Credit Agreement (APA Corp), Credit Agreement (Apache Corp), Credit Agreement (Apache Corp)

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Conversion/Valuation into Agreed Currency. If for any purpose it becomes necessary to convert or value an amount in a particular currency (the “Non-Agreed Currency”) into, or in an amount of, an Agreed Currency or US DollarsSterling, then the conversion or valuation shall be determined using the Dollar Sterling Equivalent of such amount and in any event Borrower shall be obligated to pay the Agents, the Issuing Banks and the Lenders any deficiency in accordance with Section 2.19(c).

Appears in 2 contracts

Samples: Credit Agreement (Apache Corp), Credit Agreement (APA Corp)

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