Common use of Currency of Account and Payment Clause in Contracts

Currency of Account and Payment. Sterling is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 25.1.1 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and 25.1.2 each payment pursuant to Clause 10.2 (Tax Indemnity), Clause 12.1 (Increased Costs) or Clause 24 (Borrowers Indemnities) shall be made in the currency specified by the party claiming thereunder.

Appears in 3 contracts

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

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Currency of Account and Payment. Sterling is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THATprovided that: 25.1.1 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and 25.1.2 each payment pursuant to Clause 10.2 (Tax Indemnity), Clause 12.1 (Increased Costs) or Clause 24 (Borrowers Indemnities) shall be made in the currency specified by the party claiming thereunder.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

Currency of Account and Payment. Sterling is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THATprovided that: 25.1.1 29.1.1 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and 25.1.2 29.1.2 each payment pursuant to Clause 10.2 14.2 (Tax Indemnity), Clause 12.1 16.1 (Increased Costs) or Clause 24 28 (Borrowers Borrowers' Indemnities) shall be made in the currency specified by the party claiming thereunder.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

Currency of Account and Payment. Sterling is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 25.1.1 30.1.1 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and 25.1.2 30.1.2 each payment pursuant to Clause 10.2 15.2 (Tax Indemnity), Clause 12.1 17.1 (Increased Costs) or Clause 24 29 (Borrowers Borrowers' Indemnities) shall be made in the currency specified by the party claiming thereunder.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc/De/)

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Currency of Account and Payment. 27.1 CURRENCY OF ACCOUNT Sterling is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 25.1.1 27.1.1 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; and 25.1.2 27.1.2 each payment pursuant to Clause 10.2 11.2 (Tax Indemnity), ) or Clause 12.1 13.1 (Increased Costs) or Clause 24 (Borrowers Indemnities) shall be made in the currency specified by the party claiming thereunder.

Appears in 1 contract

Samples: Mezzanine Credit Agreement (Transworld Healthcare Inc)

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