Common use of Rates; Currency Clause in Contracts

Rates; Currency. The Plan does not provide for the change of any rate that is within the jurisdiction of any governmental regulatory commission after the occurrence of the Effective Date. Where a Claim has been denominated in foreign currency on a proof of Claim, the Allowed amount of such Claim shall be calculated in legal tender of the United States based upon the conversion rate in place as of the Petition Date, and the amount of such Claim in legal tender of the United States’ as of the Petition Date shall be used for calculating Post-Petition Interest, if any.

Appears in 4 contracts

Samples: Plan Support Agreement, Restructuring Plan Support Agreement (Gsi Group Inc), Noteholder Restructuring (Gsi Group Inc)

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