Accounts in foreign currencies Sample Clauses

Accounts in foreign currencies. The Bank’s assets corresponding to the client’s credit balances in foreign currency are held in the same currency in or outside of the country whose currency is involved. The client bears proportionately to his share all the economic and legal consequences which, as a result of measures taken by the country in question, affect all the Bank’s assets in the country of the currency or in the country where the funds are invested. The obligations of the Bank arising from accounts in foreign currencies will be discharged exclusively at the place of business of the branches or offices at which the accounts in question are held solely through the establishment of a credit entry at a Bank branch, a correspondent bank or a bank nominated by the client in the country of the currency.
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Accounts in foreign currencies. (a) The Customer may open accounts in foreign currency subject to the approval of the Bank
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Accounts in foreign currencies. Subject to any laws and Government exchange regulations:
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Accounts in foreign currencies. As needed, the Client may have one or more accounts in a given foreign currency. These accounts may be opened in currencies typically traded on the market and more specif ically in the following currencies, expressed by their ISO code: CAD, CHF, GBP, HKD, JPY, USD. The Client’s foreign currency account(s) shall be funded by currencies from foreign countries, transferred by another resident or non-resident, purchased on a spot basis or obtained f rom the liquidation of hedging or arbitrage transactions. These currencies may be allocated to foreign currency payments, transferred to other f oreign currency accounts in France or abroad or sold on the foreign exchange market. In order to carry out his/her payments abroad, the Client may request blank cheque f orms denominated solely in foreign currencies for exclusive use on said accounts. For the purpose of permitting application of the clause for merger of the balances of the v arious accounts as indicated above and the clearing of balances denominated in euros or f oreign currencies, the Bank may buy back or sell the necessary currencies on the basis of the bank-to-client buy or sell rate, determined on the day when the transaction is carried out based on market quotes. Any debit or credit transaction recorded in an account shall be automatically converted into the account currency unless otherwise agreed. The Client must meet all current obligations, in particular tax-related, concerning his/her f oreign currency account(s).
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Accounts in foreign currencies. The Client may have one or more accounts in a given foreign currency, as required. These accounts may be opened in currencies typically traded on the market, and more specifically, in the following currencies, expressed by their ISO code: CAD, CHF, GBP, HKD, JPY, USD. The Client’s foreign currency account(s) shall be provisioned by currencies from foreign countries, transferred by another resident or non-resident, purchased on a spot basis or obtained from the liquidation of hedging or arbitrage transactions. These currencies may be allocated to foreign currency payments, transferred to other foreign currency accounts in France or abroad or sold on the foreign exchange market. In order to effect his payments abroad, the Client may request blank cheque forms denominated solely in foreign currencies for exclusive use on said accounts. For the purpose of allowing application of the clause for amalgamation of the various accounts as indicated above and the clearing of balances denominated in euros or foreign currencies, the Bank may buy back or sell the necessary currencies on the basis of the bank to client buying or selling rate, determined on the day that the transaction is carried out based on market quotes. Any debit or credit transaction recorded in an account will be converted ipso jure in the Account currency, unless otherwise agreed. The Client must meet all current obligations, in particular tax-related, concerning his/her foreign currency account(s).
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Accounts in foreign currencies. 1. The Client may, with the Bank’s consent, open Accounts in foreign currency. Instructions may only be carried out using forms, drafts, or written instructions to the Bank only with the same currency of the Account.
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Accounts in foreign currencies. The client shall keep UBS updated of his information provided to UBS, e.g. name, address, domicile, etc. Notifications from UBS shall be deemed to have been duly served if sent to the last known ad- dress provided by the client. UBS shall hold assets corresponding to the client's credit balances in foreign currency in the same currency within or outside the country 9. Compliance with law of the currency concerned. The client shall bear proportionately to his share all economic and legal consequences which, as a result of measures taken by the authorities of such country, may affect any of UBS's assets in the country of the The client shall be responsible for complying with all laws and regula- tions applicable to him. This also includes his obligation to declare and pay taxes. currency or investment concerned.
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Accounts in foreign currencies. As needed, the Client may have one or more accounts in a given foreign currency. These accounts may be opened in currencies typically traded on the market and more specifically in the following currencies, expressed by their ISO code: CAD, CHF, GBP, HKD, JPY, USD. The Client’s foreign currency account(s) shall be funded by currencies from foreign countries, transferred by another resident or non-resident, purchased on a spot basis or obtained from the liquidation of hedging or arbitrage transactions. These currencies may be allocated to foreign currency payments, transferred to other foreign currency accounts in France or abroad or sold on the foreign exchange market. In order to carry out his/her payments abroad, the Client may request blank cheque forms denominated solely in foreign currencies for exclusive use on said accounts. For the purpose of permitting application of the clause for merger of the balances of the various accounts as indicated above and the clearing of balances denominated in euros or foreign currencies, the Bank may buy back or sell the necessary currencies on the basis of the bank-to-client buy or sell rate, determined on the day when the transaction is carried out based on market quotes. Any debit or credit transaction recorded in an account shall be automatically converted into the account currency unless otherwise agreed. The Client must meet all current obligations, in particular tax-related, concerning his/her foreign currency account(s).
Sample 1
Accounts in foreign currencies. UBS shall hold assets corresponding to the client's credit balances in foreign currency in the same cur- rency within or outside the country of the currency concerned. The client shall bear proportionately to his share all economic and legal consequences which, as a re- xxxx of measures taken by the authorities of such country, may affect any of UBS's assets in the country of the currency or investment concerned. UBS has a lien on all assets it holds in its own cus- tody or elsewhere on behalf of the client, as well as on all claims the client has against UBS. UBS has the right to set off any claims the client may have against UBS against any claims accruing to UBS from its business relationship with the client, irrespective of the due date and currency of such claims. The foregoing shall also apply to any loans and credit facilities whether or not such loans are se- cured by specific collateral. In the event of default on the part of the client, UBS shall be entitled to realise the pledged assets either by forced or by private sale. UBS's obligations arising from accounts in foreign 6. Verification of identity currencies shall be discharged at the place of busi- ness of the office at which the accounts are held by establishing a credit balance for the client at UBS's own branch, a correspondent bank or a bank named by the client in the country of the currency concerned. For current accounts in foreign currencies, UBS shall place the balance in the country of the cur- rency concerned.
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Related to Accounts in foreign currencies

  • SECURITIES IN FOREIGN CURRENCIES Section 1401 Applicability of Article. Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any series in which not all of such Securities are denominated in the same Currency or (ii) any distribution to Holders of Securities of any series in which not all of such Securities are denominated in the same Currency, in the absence of any provision to the contrary in or pursuant to this Indenture or the Securities of such series and in accordance with the Depository’s procedures, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action, determination or distribution as that amount of Dollars that could be obtained for such amount on such reasonable basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination or distribution (or, if there shall be no applicable record date, such other date reasonably proximate to the date of such distribution) as the Operating Partnership may specify in a written notice to the Trustee or, in the absence of such written notice, as the Trustee may determine.

  • Payments in Foreign Currency Except as disclosed in the Registration Statement, the Statutory Prospectus or the Prospectus, under current laws and regulations of the Cayman Islands and any political subdivision thereof, all dividends and other distributions declared and payable on the Offering may be paid by the Company to the holder thereof in United States dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein.

  • Currencies 46.1 All payments shall be made in Indian Rupees.

  • Transactions in Foreign Custody Account (a) Except as otherwise provided in paragraph (b) of this Section 3.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities of the Fund held outside the United States by foreign sub-custodians.

  • Foreign Currency Calculations (a) For purposes of determining the Dollar Equivalent of any Advance denominated in a Foreign Currency or any related amount, the Administrative Agent shall determine the Exchange Rate as of the applicable Exchange Rate Date with respect to each Foreign Currency in which any requested or outstanding Advance is denominated and shall apply such Exchange Rates to determine such amount (in each case after giving effect to any Advance to be made or repaid on or prior to the applicable date for such calculation).

  • Foreign Currency The term “

  • Alternative Currencies In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Revolving Credit Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency.

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