Common use of Indemnification of Judgment Currency Clause in Contracts

Indemnification of Judgment Currency. The Company, the Subsidiary Guarantors and the JV Subsidiary Guarantors agree, jointly and severally, to indemnify the Trustee, the Paying Agent and each Holder to the full extent permitted by applicable law against any loss incurred by the Trustee, the Paying Agent and such Holder as a result of any judgment or order being given or made for any amount due under such Note and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than U.S. dollars and as a result of any variation as between (a) the rate of exchange at which the U.S. dollar is converted into the Judgment Currency for the purpose of such judgment or order and (b) the spot rate of exchange in New York City at which the Trustee, the Paying Agent and the Holder on the date that payment is made pursuant to such judgment or order is able to purchase U.S. dollars with the amount of the Judgment Currency actually received by the Trustee, the Paying Agent and the applicable Holder.