Payments in U Clause Samples
The "Payments in U" clause specifies that all payments under the agreement must be made in U.S. dollars. In practice, this means that regardless of the parties' locations or the currencies in which they conduct business, any amounts due—such as fees, reimbursements, or damages—are to be paid using U.S. currency. This clause ensures consistency in financial transactions and eliminates risks associated with currency fluctuations or conversion, thereby providing clarity and predictability for both parties.
Payments in U. S. Currency. All payments required to be made hereunder shall be made in lawful money of the United States of America.
Payments in U. S. Money
Payments in U. S. Dollars ------------------------ All payments of any Obligations to be made hereunder or under the Notes by the Company or any other obligor with respect thereto shall be made solely in U.S. Dollars or such other currency as is then legal tender for public and private debts in the United States of America.
Payments in U. S. Dollars, Withholding Taxes, etc.
(i) All amounts to be paid to the Trustee and the Belgian Floating Charge Lienholder under this Agreement shall be payable when due in U.S. Dollars in the full amount due, without deduction for any variation in any rate of exchange. The term "rate of exchange" shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, the relevant currency.
Payments in U. S. Dollars All dollar sums referred to in this Agreement are expressed in U.S. dollars and the Net Sales used for calculating the royalties and other sums payable to Northwestern by Licensee pursuant to Paragraph 6.1 shall be computed in U.S. dollars. All payments of such sums and royalties shall be made in U.S. dollars. For purposes of determining the amount of royalties due, the amount of Net Sales in any foreign currency shall be computed by converting such amount into U.S. dollars at the prevailing commercial rate of exchange for purchasing U.S. dollars with such foreign currency in question as quoted by Citibank in New York on the last business day of the calendar quarter for which the relevant royalty payment is to be made by Licensee.
Payments in U. S. Dollars 16 5.4.Performance and Enforcement Under the Loan Documents 16 5.5.Liens 16 5.6.Transfer of Mortgage Rig to a Restricted Subsidiary 17 SECTION 6.EVENTS OF DEFAULT 17 ▇.▇.▇ailure To Make Payments When Due 17 6.2.Default Under The Indenture 17 6.3.Other Loan Agreement 17 6.4.Breach of Certain Covenants 17 6.5.Breach of Warranty 17 6.6.Other Defaults Under Agreement or Loan Documents 17 6.7.Involuntary Bankruptcy; Appointment of Custodian, etc 17 6.8.Voluntary Bankruptcy; Appointment of a Custodian; etc 18 SECTION 7.MISCELLANEOUS 19 7.1.Pledges and Assignments of Loan and Note 19 7.2.Expenses 19 7.3.Indemnity 19 7.4.Additional Amounts 20 7.5.Taxes and Other Taxes 21 7.6.Amendments and Waivers 22 7.7.Independence of Covenants 22 7.8.Notices 23 7.9.Survival of Warranties and Certain Agreements 23 7.10.Failure or Indulgence Not Waiver; Remedies Cumulative 23 7.11.Severability 23 7.12.Headings 23 7.13.Applicable Law 23 7.14.Successors and Assigns; Subsequent Holders of Notes 23 7.15.Counterparts; Effectiveness 24
Payments in U. S. Dollars All payments due under this agreement shall be payable in United States dollars within ten days of the receipt of the quarterly report as set forth in paragraph.
Payments in U. S. Currency. This is an international loan transaction in which the specification of United States dollars is of the essence, and such currency shall be the currency of account in all events. The respective payment obligations of the Shipowner and the Indenture Trustee hereunder shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion of such currency under normal banking procedures does not yield after deduction of any and all fees, taxes or any other charges imposed on the payment, the amount of United States dollars then due. In the event that any payment by the Shipowner or the Indenture Trustee, whether pursuant to a judgment or otherwise, upon conversion and transfer, does not result in the payment of such amount of United States dollars at the place such amount is due, each shall be entitled to demand immediate payment of, and shall have a separate cause of action against the other for, the additional amount necessary to yield the amount then due. In the event either the Shipowner or the Indenture Trustee, upon the conversion of such judgment into dollars, shall receive (as a result of currency exchange rate fluctuations) an amount greater than that to which it was entitled, the defaulting party shall be entitled to immediate reimbursement of the excess amount.
Payments in U. S. Dollars. All amounts to be paid hereunder shall be paid in Dollars, in immediately available funds, and all letters of credit delivered hereunder shall provide for payment in Dollars. Lessee acknowledges that the specification of Dollars in this transaction is of the essence and that Dollars shall be the currency of account in any and all events. The obligations of Lessee hereunder shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on prompt conversion to Dollars and transfer to the account specified in Exhibit C under the heading, "Payment Location" under normal banking procedures does not yield the amount of Dollars owing to Lessor. In the event that any payment by Lessee, whether pursuant to judgment or otherwise, upon conversion does not yield such amount of Dollars, Lessor shall have a separate cause of action against Lessee for the additional amount necessary to yield the amount of Dollars due and owing to Lessor.
Payments in U. S. DOLLARS All dollar sums referred to in this Agreement are expressed in U.S. dollars and Net Sales used for calculating the royalties and other sums payable to Northwestern by Licensee pursuant to Paragraph 6.1 shall be computed in U.S. dollars. For purposes of determining the amount of royalties due, the amount of Net Sales in any foreign currency shall be computed by converting such amount into U.S. dollars at the prevailing commercial rate of exchange for purchasing U.S. dollars with such foreign currency in question as quoted by Citibank in New York on the last business day of the calendar quarter for which the relevant royalty payment is to be made by Licensee.