Common use of Currency and Place of Payment Clause in Contracts

Currency and Place of Payment. 19.1 Bills rendered under this Agreement shall be rendered in the currency of the billing Party, or the currency in which the cost was incurred provided that such currency is a currency of the Terminal Party or as specified in the Supply Contract. Bills shall be payable in the currency in which the xxxx is rendered or as designated by the Management Committee to the designated office or account of the payee.

Appears in 2 contracts

Samples: Construction and Maintenance Agreement, Construction and Maintenance Agreement (Teleglobe Bermuda Holdings LTD)

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Currency and Place of Payment. 19.1 Bills rendered under this Agreement shall be rendered in the currency of the billing Party, or the currency in which the cost was incurred provided that such currency is a currency of the a Terminal Party or as specified in the Supply Contract. Bills shall be payable in the currency in which the xxxx is rendered rendered, or as designated by the Management Committee Committee, to the designated office or account of the payee.

Appears in 1 contract

Samples: Construction Agreement (Teleglobe Bermuda Holdings LTD)

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Currency and Place of Payment. 19.1 Bills rendered under this Agreement shall be rendered in the currency of the billing Party, or the currency in which the cost was incurred provided that such currency is a currency of the a Terminal Party Party, or as specified in the Supply Contract. Bills shall be payable in the currency in which the xxxx is rendered rendered, or as designated by the Management Committee Committee, to the designated office or account of the payee.

Appears in 1 contract

Samples: Construction and Maintenance Agreement (Startec Global Communications Corp)

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