Common use of Receipt of Payments in Other Currencies Clause in Contracts

Receipt of Payments in Other Currencies. The Guarantor shall make all payments under this Agreement and the Guarantee in Rubles, except for compensation to the Lenders of any costs incurred in connection with this Agreement and with the Guarantee, which shall be paid by the Guarantor in the same currency in which they arose (the “Agreement Currency”) if payments in such currency do not contradict the legislation. The payment obligations of the Guarantor are deemed to be performed only if the respective amounts are received by the Credit Agent in the Agreement Currency. If any amounts under this Agreement and the Guarantee are received against the obligations of the Guarantor in a currency other than the Agreement Currency, and the Original Lender (or, after assignment of rights (claims) under this Agreement and the Guarantee in accordance with Article 9.2 (Transfer of Rights by the Lenders), the Credit Agent) converts the received amount into the Agreement Currency, the Guarantor shall reimburse the Original Lender or the Credit Agent, respectively, for its expenses related to the conversion of the received amount to the Agreement Currency (at an internal currency rate of the Bank of the Account) and compensate the difference between an amount due from the Guarantor in the Agreement Currency and an amount received by the Credit Agent as a result of converting the funds received from the Guarantor into the Agreement Currency.

Appears in 3 contracts

Samples: Issue Agreement (HeadHunter Group PLC), Issue Agreement (HeadHunter Group PLC), Issue Agreement (Zemenik Trading LTD)

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Receipt of Payments in Other Currencies. The Guarantor shall make all payments under this Agreement and under the Guarantee in RublesRoubles, except for compensation to where the Lenders of any costs are reimbursed for the expenses incurred in connection with this Agreement and with the Guarantee, Guarantee which shall be paid by the Guarantor in the same currency in which they arose were incurred (hereinafter — the “Agreement Contract Currency) if unless payments in such currency do not contradict are against the legislationlaws. The Guarantor’s payment obligations of the Guarantor are shall only be deemed to be performed only if the respective appropriate amounts are have been received by the Credit Agent Facility Manager in the Agreement Contract Currency. If any amounts under this Agreement and the Guarantee are have been received against on the obligations account of the Guarantor Guarantor’s obligations in a currency other than the Agreement Currency, Contract Currency and the Original Initial Lender (or, after following the assignment of rights (claims) under this Agreement and the Guarantee in accordance with Article 9.2 (Transfer of Rights by the Lenders), the Credit AgentFacility Manager) converts the amount received amount into to the Agreement Currency, Contract Currency the Guarantor shall reimburse the Original Initial Lender or the Credit AgentFacility Manager, respectivelyaccordingly, for its expenses related relating to the conversion of the amount received amount to the Agreement Contract Currency (at an based on the internal currency exchange rate of the Bank of the AccountAccount Bank) and compensate as well as reimburse the difference between an the amount due from the Guarantor in the Agreement Contract Currency and an the amount received by the Credit Agent Facility Manager as a result of converting the funds received from the Guarantor into to the Agreement Contract Currency.

Appears in 1 contract

Samples: Independent Guarantee Agreement (HeadHunter Group PLC)

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Receipt of Payments in Other Currencies. The Guarantor shall make all payments under this Agreement and under the Guarantee in RublesRoubles, except for compensation to where the Lenders of any costs are reimbursed for the expenses incurred in connection with this Agreement and with the Guarantee, Guarantee which shall be paid by the Guarantor in the same currency in which they arose were incurred (hereinafter — the “Agreement Contract Currency) if unless payments in such currency do not contradict are against the legislationlaws. The Guarantor’s payment obligations of the Guarantor are shall only be deemed to be performed only if the respective appropriate amounts are have been received by the Credit Agent Facility Manager in the Agreement Contract Currency. If any amounts under this Agreement and the Guarantee are have been received against on the obligations account of the Guarantor Guarantor’s obligations in a currency other than the Agreement Currency, Contract Currency and the Original Initial Lender (or, after following the assignment of rights (claims) under this Agreement and the Guarantee in accordance with Article 9.2 (Transfer of Rights by the Lenders), the Credit AgentFacility Manager) converts the amount received amount into to the Agreement Currency, Contract Currency the Guarantor shall reimburse the Original Initial Lender or the Credit AgentFacility Manager, respectivelyaccordingly, for its expenses related relating to the conversion of the amount received amount to the Agreement Contract Currency (at an based on the internal currency exchange rate of the Bank of the AccountAccount Bank) and compensate as well as reimburse the difference between an the amount due from the Guarantor in the Agreement Contract Currency and an the amount received by the Credit Agent Facility Manager as a result of converting the funds received from the Guarantor into to the Agreement Contract Currency.

Appears in 1 contract

Samples: Independent Guarantee Agreement (HeadHunter Group PLC)

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