Currency of Payment definition
Examples of Currency of Payment in a sentence
Currency of Payment Subscription monies are payable in the currency of denomination of the relevant Share Class.
Currency of Payment Shareholders will normally be repaid in the currency of denomination of the Class from which the Shareholder has redeemed Shares.
Currency of Payment Subscription monies are payable in the currency of denomination of the relevant Class.
If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder in a Currency of Payment into another currency, the parties hereto agree that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase such Currency of Payment with such other currency at the Spot Selling Rate on the Business Day preceding that on which final judgment is given.
Currency of Payment Shareholders will normally be repaid in the currency of denomination of the relevant Share Class.