Foreign Exchange Market. An area where both buyers and sellers interact to buy and sell foreign currencies and is not limited to specific locations
Foreign Exchange Market. An areawherebothbuyersand sellersinteract to buyand sell foreigncurrenciesand is not limited to specificlocations
Foreign Exchange Market. In the event that any restrictions or prohibition of access to the Argentine foreign exchange market exists, the Company shall seek to pay all amounts payable under the Notes either (i) by purchasing at market price securities of any series of U.S. dollar denominated Argentine sovereign bonds or any other securities or private or public bonds issued in Argentina, and transferring and selling such instruments outside Argentina, or (ii) by means of any other reasonable means permitted by law in Argentina, in each case, on the relevant payment date. All costs and taxes payable in connection with the procedures referred to in (i) and (ii) above shall be borne by the Company. The Company agrees that, notwithstanding any restriction or prohibition on access to the foreign exchange market (Xxxxxxx Único y Libre de Cambios) in Argentina, the Company shall make any and all payments under the Notes and this Indenture in U.S. dollars. Nothing in the Notes or this Indenture shall impair any of the rights of the Holders of the Notes or the Trustee or justify the Company in refusing to make payments under the Notes and the Indenture in U.S. dollars for any reason whatsoever, including, without limitation, any of the following: (i) the purchase of U.S. dollars in Argentina by any means becoming more onerous or burdensome for the Company than as of the date hereof and (ii) the exchange rate in force in Argentina increasing significantly from that in effect as of the date hereof. The Company hereby waives the right to invoke any defense of payment impossibility (including any defense under Section 1091 of the Argentine Civil and Commercial Code), impossibility of paying in U.S. dollars (assuming liability for any force majeure or act of God), or similar defenses or principles (including, without limitation, equity or sharing of efforts principles). In addition, the Company acknowledges that Section 765 of the Argentine Civil and Commercial Code is not applicable with respect to any payments to be performed in connection with the Notes and forever and irrevocably waives any right that might assist it to allege that any payments in connection with the Notes could be payable in any currency other than in U.S. Dollars, and therefore hereby waives and renounces to applicability thereof to any payments in connection with the Notes.
