Common use of Currency Availability Clause in Contracts

Currency Availability. Notwithstanding Sections 1.02 and 3.01(a), if the Bank is unable to obtain access to the agreed upon Single Currency, the Bank may disburse in any other Single Currency of its choice, until such time as it is able to regain access to the agreed-upon Single Currency. Amortization payments shall be made in the Single Currency disbursed, and interest and other financial charges shall be those which correspond to such Single Currency.

Appears in 2 contracts

Samples: Loan Contract, Loan Contract

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Currency Availability. Notwithstanding the provisions of Sections 1.02 1.01 and 3.01(a)3.01 of these Special Conditions, if the Bank is unable to obtain does not have access to the agreed upon Single Currency, after consulting the Borrower, the Bank may disburse in any other shall select another Single Currency of its choice, until such time for disbursement. The Bank may continue to make disbursements in the selected Single Currency as long as it is able to regain does not have access to the agreed-upon Single Currencyagreed currency. Amortization payments shall be made in the Single Currency disbursed, and interest and other in which the disbursements are made with the corresponding financial charges shall be those which correspond to such Single Currencycharges.

Appears in 1 contract

Samples: Loan Contract

Currency Availability. Notwithstanding Sections 1.02 and 3.01(a), if the Bank is unable to obtain access to the agreed upon Single Currency, the Bank may disburse in any other Single Currency of its choice, until such time as it is able to regain access to the agreed-agreed upon Single Currency. Amortization payments shall be made in the Single Currency disbursed, and interest and other financial charges shall be those which correspond to such Single Currency.

Appears in 1 contract

Samples: Loan Agreement

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Currency Availability. Notwithstanding Sections 1.02 and 3.01(a)) of these Special Conditions, if the Bank is unable to obtain access to the agreed upon Single Currency, the Bank may disburse in any other Single Currency of its it choice, until such time as it is able to regain access to the agreed-agreed upon Single Currency. Amortization payments shall be made in the Single Currency disbursed, and interest and other financial charges shall be those those, which correspond to such Single Currency.

Appears in 1 contract

Samples: Loan Contract

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