Common use of Exchange Rate Indemnity Clause in Contracts

Exchange Rate Indemnity. 11.2.1 Currency of Account and Payment: United States Dollars (the "Contractual Currency") is the sole currency of account and payment for all sums payable by the Issuer under or in connection with this Trust Deed and the Securities, including damages; 11.2.2 Extent of Discharge: An amount received or recovered in a currency other than the Contractual Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the Winding-Up or dissolution of the Issuer or otherwise), by the Trustee or any Holder in respect of any sum expressed to be due to it from the Issuer will only discharge the Issuer to the extent of the Contractual Currency amount which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so); and 11.2.3 Indemnity: If that Contractual Currency amount is less than the Contractual Currency amount expressed to be due to the recipient under this Trust Deed or the Securities, the Issuer will indemnify it against any Liability sustained by it as a result. In any event, the Issuer will indemnify the recipient against the cost of making any such purchase.

Appears in 1 contract

Samples: Trust Deed

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Exchange Rate Indemnity. 11.2.1 Currency of Account and Payment: United States Dollars (the "Contractual Currency") 13.9.1 The contractual currency is the sole currency of account and payment for all sums payable by the Issuer under or in connection with this Note Trust Deed Deed, the Notes, the Receipts and the Securities, Coupons including damages;damages (the "Contractual Currency"). 11.2.2 Extent of Discharge: 13.9.2 An amount received or recovered in a currency other than the Contractual Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in or the Winding-Up enforcement thereof, or the winding up or dissolution of the Issuer or otherwise), Issuer) by the Note Trustee or any Holder Noteholder, Receiptholder or Couponholder in respect of any sum expressed to be due to it such recipient from the Issuer will only discharge the Issuer to the extent of the Contractual Currency amount which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so); and. 11.2.3 Indemnity: 13.9.3 If that Contractual Currency amount is less than the Contractual Currency amount expressed to be due to the recipient under this Note Trust Deed or the SecuritiesNotes, the Receipts or the Coupons, the Issuer will indemnify it such recipient against any Liability sustained by it as a result. In any event, the Issuer will indemnify the recipient against the cost of making any such purchase.

Appears in 1 contract

Samples: Note Trust Deed

Exchange Rate Indemnity. 11.2.1 Currency of Account and Payment: United States Dollars (the "Contractual Currency") is the sole currency of account and payment for all sums payable by the Issuer under or in connection with this Trust Deed and the SecuritiesNotes, including damages; 11.2.2 Extent of Discharge: An amount received or recovered in a currency other than the Contractual Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the Windinga winding-Up up or dissolution of the Issuer or otherwise), by the Trustee or any Holder Noteholder in respect of any sum expressed to be due to it from the Issuer will only discharge the Issuer to the extent of the Contractual Currency amount which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so); and 11.2.3 Indemnity: If that Contractual Currency amount is less than the Contractual Currency amount expressed to be due to the recipient under this Trust Deed or the SecuritiesNotes, the Issuer will indemnify it against any Liability sustained by it as a result. In any event, the Issuer will indemnify the recipient against the cost of making any such purchase.

Appears in 1 contract

Samples: Trust Deed

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Exchange Rate Indemnity. 11.2.1 Currency of Account and Payment: United States Dollars (the "β€œContractual Currency"”) is the sole currency of account and payment for all sums payable by the Issuer under or in connection with this Trust Deed and the SecuritiesNotes, including damages; 11.2.2 Extent of Discharge: An amount received or recovered in a currency other than the Contractual Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the Windinga winding-Up up or dissolution of the Issuer or otherwise), by the Trustee or any Holder Noteholder in respect of any sum expressed to be due to it from the Issuer will only discharge the Issuer to the extent of the Contractual Currency amount which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so); and 11.2.3 Indemnity: If that Contractual Currency amount is less than the Contractual Currency amount expressed to be due to the recipient under this Trust Deed or the SecuritiesNotes, the Issuer will indemnify it against any Liability sustained by it as a result. In any event, the Issuer will indemnify the recipient against the cost of making any such purchase.

Appears in 1 contract

Samples: Trust Deed

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