Judgment Currency Clause Example with 65 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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The obl...igation of the Guarantor with respect to any sum due from it to any Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, be discharged only if and to the extent that on the first business day following receipt by such Underwriter of any sum adjudged to be so due in such other currency, such Underwriter may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter hereunder, the Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person hereunder, such Underwriter or controlling person agrees to pay to the Guarantor an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter or controlling person hereunder. View More Arrow

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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The obl...igation of the Guarantor with Company in respect to of any sum due from it to any Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such Underwriter of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such Underwriter may in accordance with normal banking procedures purchase United States dollars with such other currency. If currency; if the United States dollars so purchased are less than the sum originally due to such Underwriter hereunder, thereunder, the Guarantor Company agrees, as a separate and independent obligation and notwithstanding any such judgment, to indemnify such Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person hereunder, thereunder, such Underwriter or controlling person agrees to pay promptly to the Guarantor Company an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter or controlling person hereunder. thereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an the Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The... obligation of the Guarantor Company or the Selling Stockholder with respect to any sum due from it to the Underwriter or any person controlling the Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such the Underwriter or controlling person of any sum adjudged to be so due in such other currency, such and only to the extent that the Underwriter or controlling person may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such the Underwriter or controlling person hereunder, the Guarantor agrees, Company and the Selling Stockholder agree as a separate obligation and notwithstanding any such judgment, to indemnify such the Underwriter or controlling person against such loss. If the United States dollars so purchased 38 are greater than the sum originally due to such the Underwriter or controlling person hereunder, such the Underwriter or controlling person agrees to pay to the Guarantor Company or the relevant Selling Stockholder, as applicable, an amount equal to the excess of the dollars so purchased over the sum originally due to such the Underwriter or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an the Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The... obligation of the Guarantor Company and the Selling Shareholders with 31 respect to any sum due from it them to the Underwriter or any person controlling the Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such the Underwriter or controlling person of any sum adjudged to be so due in such other currency, such and only to the extent that the Underwriter or controlling person may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such the Underwriter or controlling person hereunder, the Guarantor agrees, Company and the Selling Shareholders agree as a separate obligation and notwithstanding any such judgment, to indemnify such the Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such the Underwriter or controlling person hereunder, such the Underwriter or controlling person agrees to pay to the Guarantor Company and the Selling Shareholders an amount equal to the excess of the dollars so purchased over the sum originally due to such the Underwriter or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an Underwriter the Underwriters could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment ...is given. The obligation of any of the Guarantor Issuers or the Guarantor, as the case may be, with respect to any sum due from it to the Underwriters or any Underwriter person controlling the Underwriters shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such Underwriter the Underwriters or controlling person of any sum adjudged to be so due in such other currency, such Underwriter and only to the extent that the Underwriters or controlling person may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter the Underwriters or controlling person hereunder, the Issuers and the Guarantor agrees, agree as a separate joint and several obligation and notwithstanding any such judgment, to indemnify such Underwriter the Underwriters or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter the Underwriters or controlling person hereunder, such Underwriter the Underwriters or controlling person agrees to pay to any of the Guarantor Issuers and the Guarantor, as applicable, an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter the Underwriters or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The obl...igation of the Guarantor with Company in respect to of any sum due from it to any Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day Business Day following receipt by such Underwriter of any sum adjudged to be so due in such other currency, on which (and only to the extent that) such Underwriter may in accordance with normal banking procedures purchase United States dollars with such other currency. If currency; if the United States dollars so purchased are less than the sum originally due to such Underwriter hereunder, the Guarantor Company agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person hereunder, such Underwriter or controlling person agrees to pay to the Guarantor Company an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an the Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The... obligation of the Guarantor Company and the Selling Shareholders with respect to any sum due from it them to the Underwriter or any person controlling the Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such the Underwriter or controlling person of any sum adjudged to be so due in such other currency, such and only to the extent that the Underwriter or controlling person may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such the Underwriter or controlling person hereunder, the Guarantor agrees, Company and the Selling Shareholders agree as a separate obligation and notwithstanding any such judgment, to indemnify such the Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such the Underwriter or controlling person hereunder, such the Underwriter or controlling person agrees to pay to the Guarantor Company and the Selling Shareholders an amount equal to the excess of the dollars so purchased over the sum originally due to such the Underwriter or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an the Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The... obligation of the Guarantor Company or any Non-U.S. Selling Shareholder with respect to any sum due from it to the Underwriter or any person controlling the Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such Underwriter or controlling person of any sum adjudged to be so due in such other currency, and only to the extent that such Underwriter or controlling person may in accordance with normal banking procedures purchase 25 United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter or controlling person hereunder, the Guarantor agrees, Company and each of the Non-U.S. Selling Shareholders agrees as a separate obligation and notwithstanding any such judgment, to indemnify such Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person hereunder, such Underwriter or controlling person agrees to pay to the Guarantor Company or the relevant Non-U.S. Selling Shareholder(s), as applicable, an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an Underwriter the Underwriters could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment ...is given. The obligation of the Guarantor Company with respect to any sum due from it to any Underwriter or any person controlling any Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such Underwriter or controlling person of such Underwriter of any sum adjudged to be so due in such other currency, and only to the extent that such Underwriter or controlling person of such Underwriter may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter or controlling person of such Underwriter hereunder, the Guarantor Company agrees, as a separate obligation and notwithstanding any 22 such judgment, to indemnify such Underwriter or controlling person of such Underwriter against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person of such Underwriter hereunder, such Underwriter or controlling person of such Underwriter agrees to pay to the Guarantor Company an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter or controlling person of such Underwriter hereunder. Any amounts payable by the Company or any Underwriter under this Section 18 shall be paid to the applicable Underwriter(s) or the Company (as applicable) as promptly as reasonably practicable. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an the Underwriter could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The... obligation of the Guarantor Company or any Non-U.S. Selling Shareholder with respect to any sum due from it to the Underwriter or any person controlling the Underwriter shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such Underwriter or controlling person 25 of any sum adjudged to be so due in such other currency, and only to the extent that such Underwriter or controlling person may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter or controlling person hereunder, the Guarantor agrees, Company and each of the Non-U.S. Selling Shareholders agrees as a separate obligation and notwithstanding any such judgment, to indemnify such Underwriter or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person hereunder, such Underwriter or controlling person agrees to pay to the Guarantor Company or the relevant Non-U.S. Selling Shareholder(s), as applicable, an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter or controlling person hereunder. View More Arrow
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 United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures an Underwriter the Underwriters could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment ...is given. The obligation of the Guarantor Company with respect to any sum due from it to the Underwriters or any Underwriter person controlling the Underwriters shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged only if and to the extent that on until the first business day following receipt by such Underwriter the Underwriters or controlling person of any sum adjudged to be so due in such other currency, such Underwriter and only to the extent that the Underwriters or controlling person may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter the Underwriters or controlling person hereunder, the Guarantor agrees, Company agrees as a separate obligation and notwithstanding any such judgment, to indemnify such Underwriter the Underwriters or controlling person against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter the Underwriters or controlling person hereunder, such Underwriter the Underwriters or controlling person agrees to pay to the Guarantor Company an amount equal to the excess of the dollars so purchased over the sum originally due to such Underwriter the Underwriters or controlling person hereunder. View More Arrow