Common use of Exchange of Currencies Clause in Contracts

Exchange of Currencies. (a) As provided in the Notes, payments of the principal of (and premium, if any) and interest on the Notes ("Note Payments") are to be made in U.S. dollars, provided that any Holder of Notes may elect to have his Note Payments made in the Specified Currency by filing a written request with the Paying Agent as provided in the Notes. At least ten calendar days prior to each Payment Date, the Corporation shall cause the Paying Agent to deliver a notice to the Exchange Rate Agent specifying (i) such Payment Date and (ii) the aggregate amount of Note Payments in the Specified Currency to be converted into U.S. dollars on such Payment Date, on the basis of written requests from Noteholders received by the Paying Agent as provided in the Notes (such aggregate amount of the Specified Currency to be converted on any Payment Date being referred to herein as the "Conversion Amount").

Appears in 3 contracts

Samples: Rate Agent Agreement (Virginia Electric & Power Co), Agent Agreement (Dominion Resources Inc /Va/), Agent Agreement (Dominion Resources Capital Trust Iv)

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Exchange of Currencies. (a) As provided in the Notes, ---------------------- payments of the principal of (and premium, if any) and interest on the Notes ("Note Payments") are to be made in U.S. dollars, provided that any Holder of Notes may elect to have his Note Payments made in the Specified Currency by filing a written request with the Paying Agent as provided in the Notes. At least ten calendar days prior to each Payment Date, the Corporation shall cause the Paying Agent to deliver a notice to the Exchange Rate Agent specifying (i) such Payment Date and (ii) the aggregate amount of Note Payments in the Specified Currency to be converted into U.S. dollars on such Payment Date, on the basis of written requests from Noteholders received by the Paying Agent as provided in the Notes (such aggregate amount of the Specified Currency to be converted on any Payment Date being referred to herein as the "Conversion Amount").

Appears in 1 contract

Samples: Agent Agreement (Consolidated Natural Gas Co/Va)

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Exchange of Currencies. (a) As provided in the Notes, payments ----------------------- of the principal of (and premium, if any) and interest on the Notes ("Note Payments") are to be made in U.S. dollars, provided that any Holder of Notes may elect to have his Note Payments made in the Specified Currency by filing a written request with the Paying Agent as provided in the Notes. At least ten calendar days prior to each Payment Date, the Corporation shall cause the Paying Agent to deliver a notice to the Exchange Rate Agent specifying (i) such Payment Date and (ii) the aggregate amount of Note Payments in the Specified Currency to be converted into U.S. dollars on such Payment Date, on the basis of written requests from Noteholders received by the Paying Agent as provided in the Notes (such aggregate amount of the Specified Currency to be converted on any Payment Date being referred to herein as the "Conversion Amount").

Appears in 1 contract

Samples: Dominion CNG Capital Trust Ii

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