Common use of Payment Set Aside; Currency Clause in Contracts

Payment Set Aside; Currency. To the extent that the Company makes a payment or payments to the Creditor hereunder or the Creditor enforces or exercises its rights hereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. Unless otherwise expressly indicated, all dollar amounts referred to in this Agreement and the other Exchange Documents are in United States Dollars (“US Dollars”), and all amounts owing under this Agreement and all other Exchange Documents shall be paid in US Dollars. All amounts denominated in other currencies shall be converted in the US Dollar equivalent amount in accordance with the Dollar Exchange Rate on the date of calculation. “Dollar Exchange Rate” means, in relation to any amount of currency to be converted into US Dollars pursuant to this Agreement, the US Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

Appears in 6 contracts

Samples: Exchange Agreement (Nuburu, Inc.), Exchange Agreement (Nuburu, Inc.), Master Exchange Agreement (DPW Holdings, Inc.)

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Payment Set Aside; Currency. To the extent that the Company makes a payment or payments to the Creditor Holder hereunder or the Creditor Holder enforces or exercises its rights hereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. Unless otherwise expressly indicated, all dollar amounts referred to in this Agreement and the other Exchange Documents are in United States Dollars (“US U.S. Dollars”), and all amounts owing under this Agreement and all other Exchange Documents shall be paid in US U.S. Dollars. All amounts denominated in other currencies (if any) shall be converted in into the US U.S. Dollar equivalent amount in accordance with the Dollar Exchange Rate on the date of calculation. “Dollar Exchange Rate” means, in relation to any amount of currency to be converted into US U.S. Dollars pursuant to this Agreement, the US U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

Appears in 3 contracts

Samples: Securities Exchange Agreement (Workhorse Group Inc.), Securities Exchange Agreement (Workhorse Group Inc.), Securities Exchange Agreement (Workhorse Group Inc.)

Payment Set Aside; Currency. To the extent that the Company makes a payment or payments to the Creditor hereunder or the Creditor enforces or exercises its rights hereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. Unless otherwise expressly indicated, all dollar amounts referred to in this Agreement and the other Exchange Settlement Documents are in United States Dollars (“US Dollars”), and all amounts owing under this Agreement and all other Exchange Settlement Documents shall be paid in US Dollars. All amounts denominated in other currencies shall be converted in the US Dollar equivalent amount in accordance with the Dollar Exchange Rate on the date of calculation. “Dollar Exchange Rate” means, in relation to any amount of currency to be converted into US Dollars pursuant to this Agreement, the US Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

Appears in 2 contracts

Samples: Settlement Agreement (Borqs Technologies, Inc.), Settlement Agreement (Lm Funding America, Inc.)

Payment Set Aside; Currency. To the extent that the Company makes a payment or payments to the Creditor any Buyer hereunder or any of the Creditor enforces Buyers enforce or exercises its exercise their rights hereunderhereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. Unless otherwise expressly indicated, all dollar amounts referred to in this Agreement and the other Exchange Documents are in United States Dollars (“US U.S. Dollars”), and all amounts owing under this Agreement and all other Exchange Documents shall be paid in US U.S. Dollars. All amounts denominated in other currencies (if any) shall be converted in into the US U.S. Dollar equivalent amount in accordance with the Dollar Exchange Rate on the date of calculation. “Dollar Exchange Rate” means, in relation to any amount of currency to be converted into US U.S. Dollars pursuant to this Agreement, the US U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

Appears in 1 contract

Samples: Securities Purchase Agreement (CorMedix Inc.)

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Payment Set Aside; Currency. To the extent that the Company makes a payment or payments to the Creditor Buyer hereunder or the Creditor Buyer enforces or exercises its rights hereunderhereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. Unless otherwise expressly indicated, all dollar amounts referred to in this Agreement and the other Exchange Documents are in United States Dollars (“US U.S. Dollars”), and all amounts owing under this Agreement and all other Exchange Documents shall be paid in US U.S. Dollars. All amounts denominated in other currencies (if any) shall be converted in into the US U.S. Dollar equivalent amount in accordance with the Dollar Exchange Rate on the date of calculation. “Dollar Exchange Rate” means, in relation to any amount of currency to be converted into US U.S. Dollars pursuant to this Agreement, the US U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

Appears in 1 contract

Samples: Securities Exchange Agreement (Workhorse Group Inc.)

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