Common use of Determinations Involving Different Currencies Clause in Contracts

Determinations Involving Different Currencies. In the event of any determination of the requisite percentage or the principal amount of any Notes of more than one currency, all Notes which are issued in a currency other than Dollars shall, for purposes of determining any such percentage or requisite principal amount, be deemed to have been converted into Dollars at the time that such determination is made at the exchange rate published in the Financial Times one Business Day prior to the date of determination.

Appears in 6 contracts

Samples: Multicurrency Private Shelf Agreement (Henry Schein Inc), Private Shelf Agreement (Hillenbrand, Inc.), Multicurrency Note Purchase and Private Shelf Agreement (Idexx Laboratories Inc /De)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!