Common use of Extent of discharge Clause in Contracts

Extent of discharge. Any amount received or recovered in a currency other than the currency in which the Notes and Coupons are payable (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, any Appointee, any Noteholder or Couponholder in respect of any sum expressed to be due to it from the Issuer will only constitute a discharge to 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).

Appears in 2 contracts

Samples: investors.natwestgroup.com, investors.natwestgroup.com

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Extent of discharge. Any An amount received or recovered in a currency other than the currency in which the Notes and Coupons are payable (the Contractual Currency) Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the insolvency, winding-up or dissolution of the relevant Issuer or the relevant Guarantors or otherwise), by the Trustee, any Appointee, Trustee or any Noteholder or Couponholder in respect of any sum expressed to be due to it from the relevant Issuer will or relevant Guarantors shall only constitute a discharge to the relevant Issuer and relevant Guarantors to the extent of the Contractual Currency amount which that 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).

Appears in 1 contract

Samples: British Sky Broadcasting Group PLC

Extent of discharge. Any An amount received or recovered in a currency other than the currency in which the Notes and Coupons are payable (the Contractual Currency) Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the insolvency, winding-up or dissolution of the relevant Issuer or the Guarantor or otherwise), by the Trustee, Trustee or any Appointee, any Noteholder ECN Holder or Couponholder in respect of any sum expressed to be due to it from the relevant Issuer will or Guarantor shall only constitute a discharge to the relevant Issuer and Guarantor to the extent of the Contractual Currency amount which that 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).

Appears in 1 contract

Samples: Lloyds Banking Group PLC

Extent of discharge. Any An amount received or recovered in a currency other than the currency in which the Notes and Coupons are payable (the Contractual Currency) Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the insolvency, winding-up or dissolution of the relevant Issuer or the relevant Guarantor(s) or otherwise), by the Trustee, any Appointee, Trustee or any Noteholder or Couponholder in respect of any sum expressed to be due to it from the relevant Issuer will or relevant Guarantor(s) shall only constitute a discharge to the relevant Issuer and relevant Guarantor(s) to the extent of the Contractual Currency amount which that 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).

Appears in 1 contract

Samples: www.autostrade.it

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Extent of discharge. Any An amount received or recovered in a currency other than the currency in which the Notes and Coupons are payable (the Contractual Currency) Currency (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the insolvency, winding-up or dissolution of the Issuer or the Guarantor or otherwise), by the TrusteeBond Trustee or any Bondholder, any Appointee, any Noteholder Receiptholder or Couponholder in respect of any sum expressed to be due to it from the Issuer will or Guarantor shall only constitute a discharge to the Issuer and Guarantor to the extent of the Contractual Currency amount which that 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).

Appears in 1 contract

Samples: www.ellevio.se

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