Currency of Account and Payment. Sterling is the currency of account and payment for each and every sum at any time due from the Issuer hereunder; provided that (i) each repayment of the Subordinated Loan or a part thereof shall be made in the currency in which the Subordinated Loan is denominated at the time of such repayment; (ii) each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; (iii) each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and (iv) any amount expressed to be payable in a currency other than Sterling shall be paid in that other currency.
Appears in 6 contracts
Samples: Subordinated Loan Agreement, Subordinated Loan Agreement, Subordinated Loan Agreement
