Currency Adjustment Sample Clauses

Currency Adjustment. (i) The price related to Batches and the incremental price of additional vials of Labelled Drug to be supplied, Facilities Engineering Fee, Readiness Payments and Cancellation Fees may be currency exchange adjusted by Nordion on January 1 of each year, starting [...***...] if the CRE is lower than the BRE by more than [...***...]. The applicable currency exchange adjusted $US Price shall be that amount by which the CRE is lower than the BRE in excess of [...***...] and shall be calculated as follows: Price ($US) X [...***...] = Exchange Adjusted $US price
Sample 1
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Currency Adjustment. The parties hereto will use their reasonable best efforts to arrange a back-to-back currency conversion to reduce or eliminate to the extent possible any foreign exchange risks relating to the conversion of Nextel's payment to Gotesco from U.S. Dollars to Pesos and the conversion by Gotesco of such amount from Pesos to U.S. Dollars. If the parties are unable to arrange such a back-to-back conversion, then within one day after the receipt of the Peso payment by Gotesco from Nextel, Gotesco shall convert the Purchase Price into U.S. Dollars at the most favorable rate reasonably obtainable by Gotesco. If the sum of (a) the U.S. Dollar amount so received by Gotesco and (b) the U.S. Dollar amount received by Gotesco upon conversion of the Philippine Peso amount paid by Nextel for the Initial Advances (together, the "Dollar Amount") is less than U.S.$5,428,721.88 as the result of a decline in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Nextel shall make an adjustment payment to Gotesco, payable in U.S. Dollars, equal to the difference between 75% of U.S.$5,428,721.88 and 75% of the Dollar Amount. If the Dollar Amount is greater than U.S.$5,428,721.88 as the result of an appreciation in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Gotesco shall make an adjustment payment to Nextel, payable in U.S. Dollars, equal to the difference between 75% of the Dollar Amount and 75% of U.S.$5,428,721.88. This adjustment mechanism shall not apply if Gotesco shall not have converted the Purchase Price to U.S. Dollars one day after its receipt of payment from Nextel.
Sample 1
Currency Adjustment. If, on any day during the term of this Agreement, a Lender determines that as a result of a change in the exchange rate of the currency against another currency or for any other reason, the Borrowings under a Credit Facility would exceed the Commitment in respect of such Credit Facility (or such applicable lesser amount if a portion thereof has been cancelled, reduced or terminated pursuant to the terms of this Agreement), as determined by the relevant Lender on such day, the Borrower shall forthwith, upon demand by the said Lender, repay and retire the Borrowings under the relevant Credit Facility to the extent of the amount of such excess (subject to the provisions of Section 13.2).
Sample 1
Currency Adjustment. The parties hereto will use their reasonable best efforts to arrange a back-to-back currency conversion to reduce or eliminate to the extent possible any foreign exchange risks relating to the conversion of Nextel's payment to Foodcamp from U.S. Dollars to Pesos and the conversion by Foodcamp of such amount from Pesos to U.S.
Sample 1
Currency Adjustment. The parties hereto will use their reasonable best efforts to arrange a back-to-back currency conversion to reduce or eliminate to the extent possible any foreign exchange risks relating to the conversion of Nextel's payment to Jetcom from U.S. Dollars to Pesos and the conversion by Jetcom of such amount from Pesos to U.S. Dollars. If the parties are unable to arrange such a back-to-back conversion, then within one day after the receipt of the Peso payment by Jetcom from Nextel, Jetcom shall convert the Purchase Price into U.S. Dollars at the most favorable rate reasonably obtainable by Jetcom. If the U.S. Dollar amount so received by Jetcom is less than U.S.$31,089,620.31 as the result of a decline in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Nextel shall make an adjustment payment to Jetcom, payable in U.S. Dollars, equal to the difference between U.S.$31,089,620.31 and the U.S. Dollar amount actually received by Jetcom. If the U.S. Dollar amount so received by Jetcom is greater than U.S.$31,089,620.31 as the result of an appreciation in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Jetcom shall make an adjustment payment to Nextel, payable in U.S. Dollars, equal to the difference between the U.S. Dollar amount actually received by Jetcom and U.S.$31,089,620.31. This adjustment
Sample 1
Currency Adjustment. The Debentures shall contain provisions that provide that in the event the Euro strengthens against the U.S. Dollar during the life of the Debentures, the Buyer shall be afforded an adjustment to compensate for any such movement in either conversions or redemptions.
Sample 1
Currency Adjustment. If the average for the Dow Xxxxx USD worldwide currency index (DXY) moves more than an established band of +/-3% (“the currency band”) from the date of this Amendment, then the target will be adjusted by the percentage change in the average value of the DXY in fiscal year 2020 versus the DXY at the date of this Amendment. The Option shall in all events terminate on October 20, 2027 or such earlier date as prescribed herein.
Sample 1
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Currency Adjustment. 3.1. The amount expressed in Brazilian currency, which corresponds to the amount in foreign currency mentioned in the main section of Clause I, shall be adjusted upon granting of the funds, pursuant to the sale exchange rate in connection with real, as per item 1.1.1 above. CLAUSE IV
Sample 1
Currency Adjustment. To the fullest extent permitted by applicable law, the obligations of the Borrower in respect to any sum due in U.S. Currency under this A&R Note shall, notwithstanding payment of said amount in the U.S. Currency, be discharged only to the extent that on the Business Day following receipt by Lender of any sum so due in the U.S. Currency, Lender may in accordance with its normal banking procedures purchase Israeli Currency in an amount equal to the amount due to Lender in the Israeli Currency pursuant to the terms of the Deed of Trust. Lender shall purchase the Israeli Currency at the offered or prevailing exchange rate of a financial institution of its choosing but shall have no obligation to ensure that it is obtaining the most favorable rate available. If the amount of the Israeli Currency so purchased is less than the sum due to Lender in the Israeli Currency as set forth in the Deed of Trust (the “
Sample 1

Related to Currency Adjustment

  • Currency Calculations All financial statements and Compliance Certificates shall be set forth in Dollars. For purposes of preparing the financial statements, calculating financial covenants and determining compliance with covenants expressed in Dollars, Optional Currencies shall be converted to Dollars in accordance with GAAP.

  • Interest Rate Adjustment The interest rate payable on the Notes shall be subject to adjustments from time to time if either Xxxxx’x Investors Service, Inc., or any successor thereto (“Moody’s”) or Standard & Poor’s Ratings Services, a division of XxXxxx-Xxxx, Inc., or any successor thereto (“S&P”) downgrades (or subsequently upgrades) the debt rating assigned to the Notes, as set forth below. If the rating from Moody’s of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the date of their issuance (the “Original Interest Rate”) by the percentage set forth opposite that rating: Rating Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % If the rating from S&P of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the Original Interest Rate by the percentage set forth opposite that rating: Rating Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % Notwithstanding the foregoing, if at any time the interest rate on the Notes has been adjusted upward and either Moody’s or S&P, as the case may be, subsequently increases its rating of the Notes to any of the threshold ratings set forth in the tables above, the interest rate on the Notes shall be decreased such that the interest rate for the Notes equals the Original Interest Rate plus the percentages set forth opposite the ratings from the tables above in effect immediately following the increase. If Moody’s subsequently increases its rating of the Notes to Baa3 or higher and S&P increases its rating to BBB- or higher the interest rate on the Notes shall be decreased to the Original Interest Rate. Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action of Moody’s or S&P, shall be made independent of any and all other adjustments. In no event shall (1) the interest rate for the Notes be reduced to below the Original Interest Rate or (2) the total increase in the interest rate on the Notes exceed 2.00% above the Original Interest Rate. If either Moody’s or S&P ceases to provide a rating of the Notes, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by the agency continuing to provide the rating shall be twice the percentage set forth in the applicable table above. No adjustments in the interest rate of the Notes shall be made solely as a result of either Moody’s or S&P ceasing to provide a rating. If both Moody’s and S&P cease to provide a rating of the Notes, the interest rate on the Notes shall increase to, or remain at, as the case may be, 2.00% above the Original Interest Rate. Any interest rate increase or decrease described above shall take effect from the first day of the interest period during which a rating change requires an adjustment in the interest rate. The interest rate on the Notes shall permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) and, if applicable, shall be decreased to the Original Interest Rate, if the Notes become rated Baa2 and BBB or higher by Moody’s and S&P, respectively (or one of these ratings if only rated by one rating agency), with a stable or positive outlook by each of the rating agencies.

  • Currency; Exchange Rate All payments under this Agreement shall be payable in U.S. Dollars. The rate of exchange to be used in computing the amount of currency equivalent in U.S. Dollars for calculating Net Sales in a Calendar Quarter (for purposes of both the royalty calculation and whether a Net Sales milestone has been achieved) shall be made at the average exchange rate as published by the Wall Street Journal for such Calendar Quarter, or such other source as the Parties may agree in writing.

  • 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).

  • Interest Rate Adjustments With respect to each ARM Mortgage Loan, all Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note. Any interest required to be paid pursuant to state and local law has been properly paid and credited.

  • Currency Translation Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Section 6.12) or Article VII or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than dollars shall be translated into dollars at currency exchange rates in effect on the date of such determination; provided, however, that for purposes of determining compliance with Article VI with respect to the amount of any Indebtedness, Investment, Disposition or Restricted Payment in a currency other than dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness or Investment is incurred or Disposition or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.06 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness or Investment may be incurred or Disposition or Restricted Payment made at any time under such Sections. For purposes of Section 6.12 and Section 4.02, amounts in currencies other than dollars shall be translated into dollars at the currency exchange rates used in preparing the most recently delivered financial statements pursuant to Section 5.01(a) or (b).

  • Currency Rate Indemnity (a) The Guarantor shall (to the extent lawful) indemnify the Trustee and the Noteholders and keep them indemnified against:

  • Pricing Adjustments a. In the event an adjustment is made to the computation of the net asset value of Fund shares as reported to Insurance Company under paragraph 7, (1) the correction will be handled in a manner consistent with SEC guidelines and the Investment Company Act of 1940, as amended and (2) the Funds or Transfer Agent shall notify Insurance Company as soon as practicable after discovering the need for any such adjustment. Notification may be made in the following manner: Method of Communication

  • Currency Fluctuations If on any Computation Date the Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Section 2.20 [Increased Costs and Reduced Return] and Section 2.25 [Indemnity]) within five (5) Business Days after receiving such notice such that the Revolving Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

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