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 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 0.0.Xailure 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, 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 may be made by an acquiring party, payable at the rate of one-third the purchase price at closing and one-third on each of the two immediately following yearly anniversaries of the closing, with interest accruing on the amount unpaid at eight percent (8%) per annum (the outstanding balance being pre-payable at any time without penalty). Ownership of the shares shall pass at the completion of payments. Failure to effect timely payment shall result in the rescission of the Contract with all payments to-date being retained by the seller as liquidated damages. During the period of partial payments, NewCo shall continue to operate under the terms of this Agreement.
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 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.
Payments in U. S. Currency. This is an international loan transaction in which the specification of United States currency 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 Secretary 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 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 of such amount of United States dollars then due. In the event that any payment by the Shipowner or the Secretary, whether pursuant to a judgment or otherwise, upon conversion and transfer, does not result in the payment of such amount of United States currency 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 Secretary, upon the conversion of such judgment into currency, 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.
