Common use of Currencies of Payment Clause in Contracts

Currencies of Payment. The Contract Price shall be paid in the currency or currencies named in the Appendix to Tender. Unless otherwise stated in the Particular Conditions, if more than one currency is so named, payments shall be made as follows: (a) if the Accepted Contract Amount was expressed in Local Currency only: (i) the proportions or amounts of the Local and Foreign Currencies, and the fixed rates of exchange to be used for calculating the payments, shall be as stated in the Appendix to Tender, except as otherwise agreed by both Parties; (ii) payments and deductions under sub-clause 13.7 [Adjustments for Changes in Legislation] shall be made in the applicable currencies and proportions; and (iii) other payments and deductions under sub-paragraphs (a) to (d) of sub- clause 14.3 [Application for Interim Payment Certificates] shall be made in the currencies and proportions specified in sub-paragraph (a)(i) above; (b) payment of the damages specified in the Appendix to Tender shall be made in the currencies and proportions specified in the Appendix to Tender; (c) other payments to the Employer by the Contractor shall be made in the currency in which the sum was expended by the Employer, or in such currency as may be agreed by both Parties; (d) if any amount payable by the Contractor to the Employer in a particular currency exceeds the sum payable by the Employer to the Contractor in that currency, the Employer may recover the balance of this amount from the sums otherwise payable to the Contractor in other currencies; and (e) if no rates of exchange are stated in the Appendix to Tender, they shall be those prevailing on the date of this Contract and determined by the central bank of the Country.

Currencies of Payment. The Contract Price shall be paid in the currency or currencies named in the Appendix to Tender. Unless otherwise stated in the Particular Conditions, if more than one currency is so named, payments shall be made as follows: (a) if the Accepted Contract Amount was expressed in Local Currency only: (i) the proportions or amounts of the Local and Foreign Currencies, and the fixed rates of exchange to be used for calculating the payments, shall be as stated in the Appendix to Tender, except as otherwise agreed by both Parties; (ii) payments and deductions under subSub-clause Clause 13.5 [Provisional Sums] and Sub-Clause 13.7 [Adjustments for Changes in Legislation] shall be made in the applicable currencies and proportions; and (iii) other payments and deductions under sub-paragraphs (a) to (d) of sub- clause Sub-Clause 14.3 [Application for Interim Payment Certificates] shall be made in the currencies and proportions specified in sub-paragraph (a)(i) above; (b) payment of the damages specified in the Appendix to Tender shall be made in SAMPLE (i) the proportions or amounts of the Local and Foreign Currencies, and the fixed rates of exchange to be used for calculating the payments, shall be as stated in the Appendix to Tender, except as otherwise agreed by both Parties; (ii) payments and deductions under Sub-Clause 13.5 [Provisional Sums] and Sub-Clause 13.7 [Adjustments for Changes in Legislation] shall be made in the applicable currencies and proportions; and (iii) other payments and deductions under sub-paragraphs (a) to (d) of Sub-Clause 14.3 [Application for Interim Payment Certificates] shall be made in the currencies and proportions specified in sub-paragraph (a)(i) above; the currencies and proportions specified in the Appendix to Tender; (c) other payments to the Employer by the Contractor shall be made in the currency in which the sum was expended by the Employer, or in such currency as may be agreed by both Parties; (d) if any amount payable by the Contractor to the Employer in a particular currency exceeds the sum payable by the Employer to the Contractor in that currency, the Employer may recover the balance of this amount from the sums otherwise payable to the Contractor in other currencies; and (e) if no rates of exchange are stated in the Appendix to Tender, they shall be those prevailing on the date of this Contract and determined by the central bank of the Country.

Currencies of Payment. The Contract Price shall be paid in a currency agreed to between the currency or currencies named in Contractor and the Appendix to Tender. financial institution providing the funding for the Project/s. Unless otherwise stated in the Particular ConditionsConditions as amplified in the Feasibility Study and Financial Model, if more than one currency is so named, payments shall be made as follows: (a) if the Accepted Contract Amount Price was expressed in Local Currency only: (i) the proportions or amounts of the Local and Foreign Currencies, and the fixed rates of exchange to be used for calculating the payments, shall be as stated in agreed between the Appendix to Tender, except as otherwise agreed by both PartiesContractor and the financial institution providing the funding for the Project/s; (ii) payments and deductions under subSub-clause 13.7 Clause 13.6 [Provisional Sums] and Sub-Clause 13.8 [Adjustments for Changes in Legislation] shall be made in the applicable currencies and proportions; and (iii) other payments and deductions under sub-paragraphs (a) to (d) of sub- clause Sub- Clause 14.3 [Application for Interim Payment CertificatesPayments] shall be made in the currencies and proportions specified in sub-paragraph (a)(i) above; (b) payment of the damages specified in the Appendix Particular Conditions as amplified in the Feasibility Study and Financial Model or agreed to Tender between the Parties in an Addendum, shall be made in the currencies and proportions specified in the Appendix to TenderParticular Conditions or Addendum; (c) other payments to the Employer by the Contractor shall be made in the currency in which the sum was expended by the Employer, or in such currency as may be agreed by both Partiesthe Parties in writing; (d) if any amount payable by the Contractor to the Employer Employer/s in a particular currency exceeds the sum payable by the Employer financial institution providing the funding for the Project/s to the Contractor in that currency, the Employer Employer/s may recover the balance of this amount from the sums otherwise payable to the Contractor in other currencies; and (e) if no rates of exchange are stated in the Appendix to TenderContract, they shall be those prevailing on the date of this Contract Effective Date and determined by the central bank Central Bank of the CountrySouth Africa.

Currencies of Payment. The Contract Price shall be paid in the currency or currencies named in the Appendix to TenderSchedule of Payment Currencies. Unless otherwise stated in the Particular Conditions, if If more than one currency is so named, payments shall be made as follows: (a) if the Accepted Contract Amount was expressed in Local Currency only: (i) the proportions or amounts of the Local and Foreign Currencies, and the fixed rates of exchange to be used for calculating the payments, shall be as stated in the Appendix to TenderSchedule of Payment Currencies, except as otherwise agreed by both Parties; (ii) payments and deductions under subSub-clause Clause 13.5 [Provisional Sums] and Sub-Clause 13.7 [Adjustments for Changes in Legislation] shall be made in the applicable currencies and proportions; and (iii) other payments and deductions under sub-paragraphs (a) to (d) of sub- clause Sub- Clause 14.3 [Application for Interim Payment Certificates] shall be made in the currencies and proportions specified in sub-paragraph (a)(i) above; (b) payment of the damages specified in the Appendix to Tender Contract Data, shall be made in the currencies and proportions specified in the Appendix to TenderSchedule of Payment Currencies; (c) other payments to the Employer by the Contractor shall be made in the currency in which the sum was expended by the Employer, or in such currency as may be agreed by both Parties; (d) if any amount payable by the Contractor to the Employer in a particular currency exceeds the sum payable by the Employer to the Contractor in that currency, the Employer may recover the balance of this amount from the sums otherwise payable to the Contractor in other currencies; and (e) if no rates of exchange are stated in the Appendix to TenderSchedule of Payment Currencies, they shall be those prevailing on the date of this Contract Base Date and determined by the central bank of the Country.