Dollar Transaction. This is an international loan transaction in which the specification of U.S. Dollars and payment in the United States is of the essence, and U.S. Dollars shall be the currency of account, of advance and of payment in all events. The obligation of the Bank to advance and of the Borrower to pay amounts due hereunder shall not be discharged by payment of an amount in another currency or in another place, whether pursuant to a judgment or otherwise. In the event that any payment, whether pursuant to a judgment or otherwise, shall be made in a currency other than U.S. Dollars or in a place other than within the United States, such amount shall be promptly converted into U.S. Dollars and transferred to New York under normal banking procedures at then prevailing spot market foreign exchange rates. In the event that any such payment does not satisfy the obligations of the Borrower hereunder, the Bank shall be entitled to demand immediate payment of, and shall have a separate cause of action against the Borrower for, the U.S. Dollars deficiency in respect of the payments due to it.
Dollar Transaction. This is an international financing transaction in which the specification of Dollars and payment in New York, New York is of the essence, and Dollars shall be the currency of account and of payment in all events. The payment obligations of the Equity Contributor hereunder shall not be discharged by an amount paid in another currency or in another place, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion into Dollars and transfer to New York, New York under normal banking procedures does not yield the amount of Dollars in New York, New York due hereunder. In the event that any payment, whether pursuant to a judgment or otherwise, upon such conversion and transfer does not result in payment of such amount of Dollars in New York, New York, the Administrative Agent or the Company, as the case may be, shall be entitled to demand immediate payment of, and shall, to the fullest extent permitted by law, have a separate cause of action for, such Dollar deficiency.
Dollar Transaction. The payment of all amounts due under this Agreement in U.S. Dollars is of the essence of this Agreement, and such obligations shall not be discharged by any amount paid in another currency, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion to U.S. Dollars under normal banking procedures does not yield the amount of U.S. Dollars due hereunder.
Dollar Transaction. The transaction evidenced by this Agreement and the Note is a Dollar transaction in which the specification of payment in Dollars and payment at the place specified hereunder are of the essence. Dollars shall be the sole currency of account and of payment, and the place specified hereunder shall be the place of payment in all events. The obligations of Borrower to make each payment in Dollars at the place of payment hereunder shall not be discharged or satisfied by an amount paid or recovered, whether pursuant to a judgment or otherwise, which is expressed in or converted into any currency other than Dollars to the extent that the amount so paid or recovered on prompt conversion into Dollars and transfer to the place of payment hereunder under normal banking procedures does not yield at least the amount of Dollars at the place of payment as due hereunder, and, in such event, Agent, shall be entitled to demand in writing and receive immediate payment of, and shall have a separate and additional cause of action for, the additional amount necessary to yield the amount of Dollars due hereunder at the place specified herein for payment. Such separate and additional cause of action shall survive and not be affected by any judgment being obtained for such additional amount or any other amount due under this Indenture or the termination or completion hereof. Notwithstanding the foregoing, this provision shall apply only to payments made by any Borrower Party to Agent and/or Lender hereunder or under any other Loan Documents (including the determination of whether sufficient Reserve Funds have been deposited with Agent in accordance with the Loan Agreement), and Agent acknowledges and agrees that that the Borrower Parties may transact in, collect, or deposit (or cause deposits to be made) in currencies other than Dollars in the normal course of their operations.
Dollar Transaction. To the extent this is an international licensing transaction, the specification of U.S. Dollars and payment in Denver, Colorado, United States of America, is of the essence. U.S. Dollars shall be the currency in which all obligations between the parties are paid. Except to the extent of possible Texaco offsets of Rentech Royalties and Rentech Catalyst Markup, the payment obligations hereunder shall not be discharged by an amount paid in another currency or in another place.
Dollar Transaction. All payments shall be made in U.S. Dollars, and payment obligations shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise.
Dollar Transaction. All payments shall be made in U.S. Dollars, and payment obligations shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise. To the extent the amount paid on prompt conversion to U.S. Dollars under normal banking procedures does not yield the amount of U.S. Dollars due hereunder, DKRW-AF shall, immediately upon demand by Rentech, make up the deficiency and Rentech shall have a separate cause of action against DKRW-AF with respect to such deficiency.
