Purchase of Currencies. If the Borrower shall so request, ADB shall, acting as agent of the Borrower, and on such terms and conditions as ADB shall determine, purchase the Loan Currency for the purpose of repayment of principal, and payment of service charge upon timely payment by the Borrower of sufficient funds for that purpose in a currency or currencies acceptable to ADB; provided, however, that the Borrower shall be deemed to have made any payment required under this Loan Agreement only when and to the extent that ADB has received such payment in the Loan Currency.
Purchase of Currencies. For the purpose of Clause 4.1 (Set-Off), the Chargor authorises the Security Trustee and each other Beneficiary to purchase with the moneys standing to the credit of such accounts such other currencies as may be necessary to effect such applications at the spot rate of exchange (as, save in the case of manifest error, conclusively determined by the Security Trustee or the relevant other Beneficiary) prevailing in the London foreign exchange market for purchasing Sterling with the currency in which the sum standing to the credit of the relevant account is denominated.
Purchase of Currencies. For the purpose of clause 4.1, each Company authorises the Lender to purchase with the moneys standing to the credit of such accounts such other currencies as may be necessary to effect such applications.
Purchase of Currencies. 12 Valuation of Currencies••••••••••••••
Purchase of Currencies. The Bank will, at the request of the Borrower or the Executing Agency and on such terms and conditions as the Bank shall determine, use its best efforts to purchase any currency needed by the Borrower or the Executing Agency for payment of Principal, interest, commission, commitment charge and other charges required under the Loan Agreement upon payment by the Borrower or the Executing Agency of sufficient funds therefor in such currency or currencies to be specified by the Bank from time to time. In purchasing the currencies required, the Bank shall be acting as agent of the Borrower or the Executing Agency, as the case may be, and the Borrower or the Executing Agency, as the case may be, shall be deemed to have made any payment required under the Loan Agreement only when and to the extent that the Bank has received such payment in the currency or currencies required.
Purchase of Currencies. The Bank will. at the request of the Borrower and on such terms and conditions as the Bank shall determine, use its best efforts to purchase any currency needed by the Borrower for payment of Principal, interest, commission. commitment charge and other charges required under the Loan Agreement upon payment by the Borrower of sufficient funds therefor in such currency or currencies to be specified by the Bank from time to time. In purchasing the currencies required, the Bank shall be acting as agent of the Borrower, and the Borrower shall be deemed to have made any payment required under the Loan Agreement only when and to the extent that the Bank has received such payment in the currency or currencies required.
Purchase of Currencies. 67 20.3 Notification........................................................................67 21 Calculations and certificates................................................................67 21.1 Calculations........................................................................67 21.2 Certificates........................................................................67
Purchase of Currencies. Each Obligor irrevocably authorises each Finance Party to purchase such other currencies as may be reasonably necessary to effect the set-off.
Purchase of Currencies. For the purpose of clause 4.1 (Set-off) only, the Company authorises each Secured Party to purchase with the moneys standing to the credit of such Accounts such other currencies as may be necessary to effect such applications.
