Common use of Currency of Account and Payment Clause in Contracts

Currency of Account and Payment. Unless otherwise specified, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Transaction Documents, provided that each payment in respect of costs and expenses in respect of a Transaction Document shall be made in the currency in which the same were incurred.

Appears in 3 contracts

Samples: Master Framework Agreement, Master Framework Agreement (Arran Funding LTD), Master Framework Agreement (Arran Funding LTD)

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Currency of Account and Payment. Unless otherwise specifiedExcept where specified otherwise, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Transaction Issuer Documents, provided except that each payment in respect of costs and expenses in respect of a Transaction an Issuer Document shall be made in the currency in which the same were incurred.

Appears in 3 contracts

Samples: Issuer Master Framework Agreement, Issuer Master Framework Agreement, Issuer Master Framework Agreement

Currency of Account and Payment. Unless otherwise specifiedExcept where specified otherwise, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Transaction Documents, provided except that each payment in respect of costs and expenses in respect of a Transaction Document shall be made in the currency in which the same were incurred.

Appears in 3 contracts

Samples: Issuer Master Framework Agreement, Securities Agreement (Turquoise Receivables Trustee LTD), Master Framework Agreement (Arran Funding LTD)

Currency of Account and Payment. Unless otherwise specified, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Transaction Documentsan Obligor hereunder, provided that PROVIDED THAT: 26.1.1 each payment in respect of costs and expenses in respect of a Transaction Document shall be made in the currency in which the same were incurred.; and

Appears in 2 contracts

Samples: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

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Currency of Account and Payment. Unless Except where otherwise specified, Sterling is the currency of account and payment for each and every sum at any time due from one Transaction Party to another under the Transaction Documents, provided except that each payment in respect of costs and expenses in respect of a Transaction Document shall be made in the currency in which the same were incurred.

Appears in 1 contract

Samples: Incorporated Terms Memorandum (Apollo Commercial Real Estate Finance, Inc.)

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