Different Currencies. The Security Agent may exercise its rights under Clause 20.1 (Set-off rights) notwithstanding that the amounts concerned may be expressed in different currencies and the Security Agent is authorised to effect any necessary conversions at a market rate of exchange selected by it.
Different Currencies. A Finance Party may exercise its rights under clause 24.1 (Set-off rights) notwithstanding that the amounts concerned may be expressed in different currencies and each Finance Party is authorised to effect any necessary conversions at a market rate of exchange selected by it.
Different Currencies. The right, where any of the obligations referred to in clause 17.2(a) are in different currencies, to convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.
Different Currencies. A Finance Party may exercise such rights notwithstanding that the amounts concerned may be expressed in different currencies and each Finance Party is authorised to effect any necessary conversions at a market rate of exchange selected by it.
Different Currencies. Each Secured Party may exercise its rights under clause 24.1 (Set-off rights) notwithstanding that the amounts concerned may be expressed in different currencies and each Secured Party is authorised to effect any necessary conversions at a market rate of exchange selected by it.
Different Currencies. A Secured Party may exercise its rights under Subclause 23.1 (Set-Off Rights) notwithstanding that the amounts concerned may be expressed in different currencies and each Secured Party is authorized to effect any necessary conversions at a market rate of exchange selected by it in its usual course of business.
Different Currencies. (1) Unless a transaction document provides otherwise, all payments made under or for the purposes of this agreement or another transaction document must be made in Samoan Tala.
(2) Where conversion of one currency to another is required, the Bank will apply its standard procedures for currency conversion.
(3) This sub-clause applies if, because of a law, an order of a court or for any other reason, a payment under this agreement or another transaction document must be made in a currency other than the currency in which it is required to be paid under the relevant transaction document. If the amount paid in the other currency, when converted by the Bank into the currency in which it is required to be paid under the relevant transaction document, falls short of the amount due and payable under the relevant transaction document, you agree to pay the Bank, on demand, the amount of the shortfall. The amount to be paid will be determined:
(a) on the day when the payment is actually made; or
(b) if the payment is made in the case of a winding up, bankruptcy or other insolvency administration – the date fixed by the relevant law for the determination of claims. Your obligation to make this payment is separate from and independent of your other obligations under this agreement or the other transaction documents.
Different Currencies. (a) Unless a Transaction Document provides otherwise, all payments made under or for the purposes of this Agreement or another Transaction Document must be made in Australian dollars.
(b) Where conversion of one currency to another is required ANZ will apply its standard procedures for currency conversion.
(c) This sub-clause will apply if you must make a payment under this Agreement or another Transaction Document in a different currency because of a law, an order of a court or for any other reason. If the amount paid in the other currency, when converted by ANZ into the currency in which it is required to be paid under the relevant Transaction Document, falls short of the amount due and payable under the relevant Transaction Document, you agree to pay ANZ, on demand, the amount of the shortfall. The amount to be paid will be determined: • on the day when the payment is actually made; or • if the payment is made in the case of a winding up, bankruptcy or other insolvency administration – the date fixed by the relevant law for the determination of claims. Your obligation to make this payment is separate from and independent of your other obligations under this Agreement or the other Transaction Documents.
Different Currencies. A Beneficiary may exercise its rights under Clause 22.1 notwithstanding that the amounts concerned may be expressed in different currencies and each Beneficiary is authorised to effect any necessary conversions at a market rate of exchange selected by it.
Different Currencies. A Mezzanine Finance Party may exercise its rights under clause 22.1 (Set-off rights) notwithstanding that the amounts concerned may be expressed in different currencies and each Mezzanine Finance Party is authorised to effect any necessary conversions at a market rate of exchange selected by it.
