Common use of CONVERTING TO BASE CURRENCY Clause in Contracts

CONVERTING TO BASE CURRENCY. Convert any settlement amount calculated in accordance with clause (i) above in a Currency other than the Non-Defaulting Party's Base Currency into such Base Currency at the Spot Price at which, at the time of the calculation, the Non-Defaulting Party could enter into a contract in the foreign exchange market to buy the Non-Defaulting Party's Base Currency in exchange for such Currency (or, if such Spot Price is not available, conversion shall be accomplished by the Non-Defaulting Party using any commercially reasonable method); and

Appears in 5 contracts

Samples: Foreign Exchange and Options Master Agreement (Witter Dean Spectrum Strategic Lp), Foreign Exchange and Options Master Agreement (Dean Witter Spectrum Global Balanced Lp), Foreign Exchange and Options Master Agreement (Morgan Stanley Dean Witter Spectrum Currency Lp)

AutoNDA by SimpleDocs

CONVERTING TO BASE CURRENCY. Convert any settlement amount calculated in accordance with clause (i) above in a Currency other than the Non-Defaulting Party's ’s Base Currency into such Base Currency at the Spot Price at which, at the time of the calculation, the Non-Defaulting Party could enter into a contract in the foreign exchange market to buy the Non-Defaulting Party's ’s Base Currency in exchange for such Currency (or, if such Spot Price is not available, conversion shall be accomplished by the Non-Defaulting Party using any commercially reasonable method); and

Appears in 4 contracts

Samples: Foreign Exchange and Options Master Agreement (BHM Discretionary Futures Fund L.P.), Foreign Exchange and Options Master Agreement (Morgan Stanley Spectrum Strategic Lp), Foreign Exchange and Options Master Agreement (Morgan Stanley Managed Futures LV, L.P.)

AutoNDA by SimpleDocs

CONVERTING TO BASE CURRENCY. Convert any settlement amount calculated in accordance with clause (i) above in a Currency other than the Non-Defaulting Party's ’s Base Currency into such Base Currency at the Spot Price at which, at the time of the calculation, the Non-Defaulting Party could enter into a contract in the foreign exchange market to buy the Non-Defaulting Party's ’s Base Currency in exchange for such Currency (or, if such Spot Price is not available, conversion shall be accomplished by the Non-Defaulting Party Xxxxx using any commercially reasonable method); and

Appears in 1 contract

Samples: Foreign Exchange and Options Master Agreement (Morgan Stanley Spectrum Technical Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!