Example Definitions of "CURRENCY INDEMNITY"
CURRENCY INDEMNITY. If the Guarantor is required by law to make a deduction or withholding from such a payment, the relevant sum payable by the Guarantor shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, PPL receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made. However, a... notice given in accordance with the above but received on a non-Business Day or after usual business hours in the place of receipt will only be deemed to be given on the next Business Day in that place. View More
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