Common use of Obligation Currency Clause in Contracts

Obligation Currency. The obligation of the Guaranteeing Subsidiary in respect of any sum due to any Holder shall, notwithstanding any judgment in a currency other than U.S. dollars, not be discharged until the first business day, following receipt by such Holder of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such Holder may in accordance with normal banking procedures purchase U.S. dollars with such other currency; if the U.S. dollars so purchased are less than the sum originally due to such Holder hereunder, the Guaranteeing Subsidiary agree, as a separate obligation and notwithstanding any such judgment, to indemnify such Holder against such loss.

Obligation Currency. The obligation of the Guaranteeing Subsidiary Company or the Guarantors in respect of any sum due to any Holder shall, notwithstanding any judgment in a currency other than U.S. dollars, not be discharged until the first business dayBusiness Day, following receipt by such Holder of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such Holder may in accordance with normal banking procedures purchase U.S. dollars with such other currency; if the U.S. dollars so purchased are less than the sum originally due to such Holder hereunder, the Guaranteeing Subsidiary Company and the Guarantors agree, as a separate obligation and notwithstanding any such judgment, to indemnify such Holder against such loss.