Common use of Securities Denominated in Foreign Currencies Clause in Contracts

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series or, with respect to the Offered Securities, Section 2.17, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Issuers shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Issuers shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Issuers’ obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Issuers solely in the Currency so selected.

Appears in 3 contracts

Samples: Indenture (ADT Inc.), Indenture (ADT Inc.), Indenture (ADT Inc.)

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Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series or, with respect to the Offered Securities, Section 2.17series, payment of the principal of, of (and premium, if any, ) and interest on, Securities of such series denominated in any Foreign Currency will be made in Dollars. For the purposes of calculating the principal amount of Securities of any series denominated in a Foreign Currency or in units of two or more Foreign Currencies (including European Currency Units) for any purpose under this Indenture, the principal amount of such Foreign CurrencySecurities at any time Outstanding shall be deemed to be the Dollar Equivalent of such principal amount as of the date of any such calculation. In the event any Foreign Currency or Currencies or units of two or more Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, or premium, if any, or interest on on, the Securities of a series is due, the Issuers Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Issuers Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Issuers’ Company's obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Issuers Company solely in the Currency so selected.

Appears in 2 contracts

Samples: Indenture (Computer Sciences Corp), Indenture (Computer Sciences Corp)

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series or, with respect to the Offered Securities, Section 2.17series, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Issuers Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution of the Company establishing the terms of such series of Securities or in one or more indentures supplemental hereto. In such event, the Issuers Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Issuers’ Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution of the Company establishing the terms of such series of Securities or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Issuers Company solely in the Currency so selected.

Appears in 2 contracts

Samples: Indenture (Tyco International Finance S.A.), Indenture (Tyco International Finance S.A.)

Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series or, with respect to the Offered Securities, Section 2.17, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Issuers Issuer shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Issuers Issuer shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Issuers’ Issuer’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Issuers Issuer solely in the Currency so selected.

Appears in 1 contract

Samples: Indenture (ADT Inc.)

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Securities Denominated in Foreign Currencies. Except as otherwise specified pursuant to Section 2.01 for Securities of any series or, with respect to the Offered Securities, Section 2.17, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. In the event any Foreign Currency or Currencies in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Issuers Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Issuers Company shall notify the Trustee of the Currency which it has selected to constitute the funds necessary to meet the Issuers’ Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Issuers Company solely in the Currency so selected.

Appears in 1 contract

Samples: Indenture (ADT, Inc.)

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