Common use of Payment in U.S Clause in Contracts

Payment in U.S. DOLLARS It is of the essence of this Agreement that the payments required hereunder be made in U.S. Dollars. The obligation of either party to make each payment in U.S. Dollars shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment, which is expressed in or converted into any other currency until and except to the extent such tender or recovery shall result in the actual receipt by the other party in U.S. Dollars of the amount expressed to be payable hereun- der. The obligation of either party to make payments in U.S. Dollars shall be enforceable as an alternative or additional cause of action for the purpose of recovery in U.S. Dollars of the amount (if any) by which such actual receipt shall fall short of the full amount of U.S. Dollars required to be paid hereunder and shall not be affected by judgment being obtained for any other sums due under this Agreement.

Appears in 2 contracts

Samples: Option Agreement (Gotham Partners Lp /Ny/), Option Agreement (Gotham Partners Lp /Ny/)

AutoNDA by SimpleDocs

Payment in U.S. DOLLARS Dollars It is of the essence of this Agreement that the payments required hereunder be made in U.S. Dollars. The obligation of either party to make each payment in U.S. Dollars shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment, which is expressed in or converted into any other currency until and except to the extent such tender or recovery shall result in the actual receipt by the other party in U.S. Dollars of the amount expressed to be payable hereun- der. The obligation of either party to make payments in U.S. Dollars shall be enforceable as an alternative or additional cause of action for the purpose of recovery in U.S. Dollars of the amount (if any) by which such actual receipt shall fall short of the full amount of U.S. Dollars required to be paid hereunder and shall not be affected by judgment being obtained for any other sums due under this Agreement.

Appears in 1 contract

Samples: Option Agreement (Gotham Partners Lp /Ny/)

AutoNDA by SimpleDocs

Payment in U.S. DOLLARS Dollars It is of the essence of this Agreement that the payments required hereunder be made in U.S. Dollars. The obligation of either party to make each payment in U.S. Dollars shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment, which is expressed in or converted into any other currency until and except to the extent such tender or recovery shall result in the actual receipt by the other party in U.S. Dollars of the amount expressed to be payable hereun- derhereunder. The obligation of either party to make payments in U.S. Dollars shall be enforceable as an alternative or additional cause of action for the purpose of recovery in U.S. Dollars of the amount (if any) by which such actual receipt shall fall short of the full amount of U.S. Dollars required to be paid hereunder and shall not be affected by judgment being obtained for any other sums due under this Agreement.

Appears in 1 contract

Samples: Option Agreement (Gotham Partners Lp /Ny/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!