Termination Currency. Termination Currency" means the currency selected by the party which is not the Defaulting Party or the Affected Party, as the case may be, or where there is more than one Affected Party the currency agreed by Party A and Party B. However, the Termination Currency will be one of the currencies in which payments are required to be made in respect of Transactions. If the currency selected is not freely available, or where there are two Affected Parties and they cannot agree on a Termination Currency, the Termination Currency will be United States Dollars.
Appears in 3 contracts
Samples: Master Agreement (Virgin Entertainment Investment Holdings LTD), Master Agreement (Corvina Holdings LTD), Master Agreement (Virgin Entertainment Investment Holdings LTD)
Termination Currency. Termination Currency" means the currency selected by the party which is not the Defaulting Party or the Affected Party, as the case may be, or where there is more than one Affected Party the currency agreed by Party A and Party B. However, the Termination Currency will shall be one of the currencies in which payments are required to be made in respect of Transactions. If the currency selected is not freely available, or where there are two Affected Parties and they cannot agree on a Termination Currency, the Termination Currency will shall be United States Dollars.
Appears in 2 contracts
Samples: Master Agreement, Facility Agreement (Globus Maritime LTD)
