Judgment Currency Clause Example with 6 Variations from Business Contracts

This page contains Judgment Currency clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. dollars, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. Th...e obligations of the Company in respect of any sum due from it to any Initial Purchaser shall, notwithstanding any judgment in any currency other than U.S. dollars, not be discharged until the first business day, following receipt by such Initial Purchaser of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such Initial Purchaser may in accordance with normal banking procedures purchase U.S. dollars with such other currency; if the U.S. dollars so purchased are less than the sum originally due to such Initial Purchaser hereunder, the Company agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Initial Purchaser against such loss. If the U.S. dollars so purchased are greater than the sum originally due to such Initial Purchaser hereunder, such Initial Purchaser agrees to pay to the Company an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such Initial Purchaser hereunder. View More

Variations of a "Judgment Currency" Clause from Business Contracts

Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. United States dollars, the parties hereto agree, to the fullest extent that they may effectively do so, permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. United States dollars with such other currency in The City of New York on the business day prece...ding that on which final judgment is given. The obligations obligation of any of the Company in Issuers or the Guarantor, as the case may be, with respect of to any sum due from it to the Initial Purchasers or any person controlling the Initial Purchaser Purchasers shall, notwithstanding any judgment in any a currency other than U.S. United States dollars, not be discharged until the first business day, day following receipt by such the Initial Purchaser Purchasers or controlling person of any sum adjudged to be so due in such other currency, on which (and and only to the extent that) such that the Initial Purchaser Purchasers or controlling person may in accordance with normal banking procedures purchase U.S. United States dollars with such other currency; if currency. If the U.S. United States dollars so purchased are less than the sum originally due to such the Initial Purchaser Purchasers or controlling person hereunder, the Company agrees, Issuers and the Guarantor agree as a separate joint and several obligation and notwithstanding any such judgment, to indemnify such the Initial Purchaser Purchasers or controlling person against such loss. If the U.S. United States dollars so purchased are greater than the sum originally due to such the Initial Purchaser Purchasers or controlling person hereunder, such the Initial Purchaser Purchasers or controlling person agrees to pay to any of the Company Issuers and the Guarantor, as applicable, an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such the Initial Purchaser Purchasers or controlling person hereunder. View More
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. dollars, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. Th...e obligations of the Company and the Guarantors in respect of any sum due from it to any the Initial Purchaser in United States dollars shall, notwithstanding any judgment in any a currency other than U.S. United States dollars, not be discharged until the first business day, Business Day following receipt by such the Initial Purchaser of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such the Initial Purchaser may in accordance with normal banking procedures purchase U.S. United States dollars with such other currency; if the U.S. United States dollars so purchased are less than the sum originally due to such the Initial Purchaser hereunder, the Company agrees, and the Guarantors agree, as a separate obligation and notwithstanding any such judgment, to indemnify such the Initial Purchaser against such loss. If the U.S. United States dollars so purchased are greater than the sum originally due to such the Initial Purchaser hereunder, such the Initial Purchaser agrees to pay to the Company or such Guarantor, as applicable, an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such the Initial Purchaser hereunder. 28 20. Counterparts. This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement. View More
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. United States dollars, the parties hereto agree, to the fullest extent that they may effectively do so, permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. United States dollars with such other currency in The City of New York on the business day prece...ding that on which final judgment is given. The obligations obligation of the Issuer and the Company in with respect of to any sum due from it to any Initial Purchaser or any person controlling any Initial Purchaser shall, notwithstanding any judgment in any a currency other than U.S. United States dollars, not be discharged until the first business day, day following receipt by such Initial Purchaser or controlling person of any sum adjudged to be so due in such other currency, on which (and and only to the extent that) that such Initial Purchaser or controlling person may in accordance with normal banking procedures purchase U.S. United States dollars with such other currency; if currency. If the U.S. United States dollars so purchased are less than the sum originally due to such Initial Purchaser or controlling person hereunder, the Company agrees, Issuer and the Company, jointly and severally, agree as a separate obligation and notwithstanding any such judgment, to indemnify such Initial Purchaser or controlling person against such loss. If the U.S. United States dollars so purchased are greater than the sum originally due to such Initial Purchaser or controlling person hereunder, such Initial Purchaser or controlling person agrees to pay to the Issuer and Company an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such Initial Purchaser or controlling person hereunder. View More
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. dollars, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. dollars with such other currency in The the City of New York on the business day preceding that on which final judgment is given.... The obligations of the Company each Issuers and each Guarantor in respect of any sum due from it them to any Initial Purchaser shall, notwithstanding any judgment in any currency other than U.S. dollars, not be discharged until the first business day, following receipt by such Initial Purchaser of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such Initial Purchaser may in accordance with normal banking procedures purchase U.S. dollars with such other currency; if the U.S. dollars so purchased are less than the sum originally due to such Initial Purchaser hereunder, the Company each Issuer and each Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Initial Purchaser against such loss. If the U.S. dollars so purchased are greater than the sum originally due to such Initial Purchaser hereunder, such Initial Purchaser agrees to pay to the Company Issuers and the Guarantors (but without duplication) an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such Initial Purchaser hereunder. 37 17. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. [The remainder of this page is intentionally left blank.] 38 If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof in the space provided below for that purpose, whereupon this letter shall constitute an agreement binding the Issuers, the Guarantors and the Initial Purchasers. View More
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. United States dollars, the parties hereto agree, to the fullest extent that they may effectively do so, permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. United States dollars with such other currency in The City of New York on the business day prece...ding that on which final judgment is given. The obligations obligation of the Company in with respect of to 33 any sum due from it to any Initial Purchaser or any person controlling any Initial Purchaser shall, notwithstanding any judgment in any a currency other than U.S. United States dollars, not be discharged until the first business day, day following receipt by such Initial Purchaser or controlling person of any sum adjudged to be so due in such other currency, on which (and and only to the extent that) that such Initial Purchaser or controlling person may in accordance with normal banking procedures purchase U.S. United States dollars with such other currency; if currency. If the U.S. United States dollars so purchased are less than the sum originally due to such Initial Purchaser hereunder, or controlling person hereunder and the Company agrees, agree as a separate obligation and notwithstanding any such judgment, to indemnify such Initial Purchaser or controlling person against such loss. If the U.S. United States dollars so purchased are greater than the sum originally due to such Initial Purchaser or controlling person hereunder, such Initial Purchaser or controlling person agrees to pay to the Company an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such Initial Purchaser or controlling person hereunder. View More
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than U.S. United States dollars, the parties hereto agree, to the fullest extent that they may effectively do so, permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial Purchasers could purchase U.S. United States dollars with such other currency in The City of New York on the business day prece...ding that on which final judgment is given. The obligations obligation of the Company in with respect of to any sum due from it to any Initial Purchaser or any person controlling any Initial Purchaser shall, notwithstanding any judgment in any a currency other than U.S. United States dollars, not be discharged until the first business day, day following receipt by such Initial Purchaser or controlling person of any sum adjudged to be so due in such other currency, on which (and and only to the extent that) that such Initial Purchaser or controlling person may in accordance with normal banking procedures purchase U.S. United States dollars with such other currency; if currency. If the U.S. United States dollars so purchased are less than the sum originally due to such Initial Purchaser hereunder, or controlling person hereunder and the Company agrees, agree as a separate obligation and notwithstanding any such judgment, to indemnify such Initial Purchaser or controlling person against such loss. If the U.S. United States dollars so purchased are greater than the sum originally due to such Initial Purchaser or controlling person hereunder, such Initial Purchaser or controlling person agrees to pay to the Company an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such Initial Purchaser or controlling person hereunder. View More