Common use of Payment in a Currency other than the agreed Currency Clause in Contracts

Payment in a Currency other than the agreed Currency. If for any reason a payment is made in a Currency other than the agreed Currency for a Transaction and if there is a difference between the amount converted into such Currency and the amount in such Currency stipulated in such Transaction, the Party owing the amount shall, under a independant obligation, indemnify the other Party upon first demand against all costs and losses arising, without being entlited to raise any defence.

Payment in a Currency other than the agreed Currency. If for any reason a payment is made in a Currency other than the agreed Currency for a Transaction Loan and if there is a difference between the amount converted into such Currency and the amount in such Currency stipulated in such TransactionLoan, the Party owing the amount shall, under a independant an independent obligation, indemnify the other Party upon first demand against all costs and losses arising, without being entlited entitled to raise any defence.

Payment in a Currency other than the agreed Currency. If for any reason a payment is made in a Currency other than the agreed Currency for a Transaction Repo and if there is a difference between the amount converted into such Currency and the amount in such Currency stipulated in such TransactionRepo, the Party owing the amount shall, under a independant an independent obligation, indemnify the other Party upon first demand against all costs and losses arising, without being entlited entitled to raise any defence.

Payment in a Currency other than the agreed Currency. If for any reason a payment is made in a Currency other than the agreed Currency for a Transaction and if there is a difference between the amount converted into such Currency and the amount in such Currency stipulated in such Transaction, the Party owing the amount shall, under as a independant independent obligation, indemnify the other Party upon first demand against all costs and losses arising, without being entlited entitled to raise any defence.