Common use of Currency of Account and Payment Clause in Contracts

Currency of Account and Payment. Except 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 Documents, except that each payment in respect of costs and expenses in respect of a Document shall be made in the currency in which the same were incurred.

Currency of Account and Payment. Except where specified otherwiseUnless 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, except 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.

Currency of Account and Payment. Except 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 Issuer Documents, except that each payment in respect of costs and expenses in respect of a an Issuer Document shall be made in the currency in which the same were incurred.

Currency of Account and Payment. Except where specified otherwiseotherwise 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, 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.