Common use of Failure to Pay in Foreign Currency Clause in Contracts

Failure to Pay in Foreign Currency. If any Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any Borrower shall default in the Foreign Currency, each Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any Borrower shall make such payment in Dollars, such Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 3 contracts

Samples: Credit Agreement (Franklin Electric Co Inc), Credit Agreement (National Service Industries Inc), Credit Agreement (Franklin Electric Co Inc)

AutoNDA by SimpleDocs

Failure to Pay in Foreign Currency. If any Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any Borrower shall default in the a Foreign Currency, each Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any Borrower shall make such payment in Dollars, such Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 2 contracts

Samples: Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp)

Failure to Pay in Foreign Currency. If any Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any Borrower shall default in the Foreign Currency, each Bank may, through the Administrative Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any Borrower shall make such payment in Dollars, such the Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 2 contracts

Samples: Credit Agreement (Russell Corp), Credit Agreement (Russell Corp)

Failure to Pay in Foreign Currency. If any the Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any Borrower shall default in the Foreign CurrencyAgreement, each Bank Lender may, through the Administrative Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such Borrower agrees to hold the Banks Lenders harmless from any loss incurred by the Banks Lenders arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Belden Inc)

Failure to Pay in Foreign Currency. If any the Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any the Borrower shall default in the Foreign Currency, each Bank may, through the Administrative Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electric Co Inc)

Failure to Pay in Foreign Currency. If any the Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any the Borrower shall default in the Foreign Currency, each Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such the Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

Failure to Pay in Foreign Currency. If any the Borrower is unable for any reason to effect payment of a Foreign Currency Loan in a the Foreign Currency as required by this Agreement or if any the Borrower shall default in the payment of a Foreign CurrencyCurrency Loan, each the Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such the Borrower agrees to hold the Banks Bank harmless from any loss incurred by the Banks Bank arising from any change in the value of Dollars in relation to such the Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Gerber Scientific Inc)

AutoNDA by SimpleDocs

Failure to Pay in Foreign Currency. If any the Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any the Borrower shall default in the a Foreign Currency, each Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Valspar Corp)

Failure to Pay in Foreign Currency. If any Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any the Borrower shall default in the Foreign Currency, each Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such the Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

Failure to Pay in Foreign Currency. If any Borrower is unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any the Borrower shall default in the Foreign Currency, each Bank may, through the Administrative Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any the Borrower shall make such payment in Dollars, such the Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

Failure to Pay in Foreign Currency. If any Borrower is ---------------------------------- unable for any reason to effect payment in a Foreign Currency as required by this Agreement or if any Borrower shall default in the Foreign Currency, each Bank may, through the Agent, require such payment to be made in Dollars in the Dollar Equivalent amount of such payment. In any case in which any Borrower shall make such payment in Dollars, such Borrower agrees to hold the Banks harmless from any loss incurred by the Banks arising from any change in the value of Dollars in relation to such Foreign Currency between the date such payment became due and the date of payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.