Common use of Allowed Amount of Foreign Claims Clause in Contracts

Allowed Amount of Foreign Claims. (i) Subject to section (e)(ii), the Allowed amount for resolution of Foreign Claimants who elect to settle shall be computed in accordance with the terms of Schedule III to the Claims Resolution Procedures. (ii) The Claims Administrator may re-categorize countries as set forth in section 6.05(h)(ii) of the Claims Resolution Procedures. (iii) The Notice of Status letter to each Foreign Claimant shall afford the Claimant the option to receive payment of their Claim, if accepted, in either U.S. Dollars or their local currency, subject to the applicable regulations governing banking institutions, subject to adequate procedures to assure that the Settlement Facility is protected against fluctuations in the exchange rate. (iv) The payment documentation provided to Foreign Claimants shall include the statement that payments are being made on account of general damages.

Allowed Amount of Foreign Claims. (i) Subject to section (e)(ii), the Allowed amount for resolution of Foreign Claimants who elect to settle shall be computed in accordance with the terms of Schedule III to the Claims Resolution Procedures. (ii) The Claims Administrator may re-categorize countries as set forth in section 6.05(h)(ii6.05(d)(ii) of the Claims Resolution Procedures. (iii) The Notice of Status letter to each Foreign Claimant shall afford the Claimant the option to receive payment of their Claim, if accepted, in either U.S. Dollars or their local currency, subject to the applicable regulations governing banking institutions, subject to adequate procedures to assure that the Settlement Facility is protected against fluctuations in the exchange rate. (iv) The payment documentation provided to Foreign Claimants shall include the statement that payments are being made on account of general damages.