Currency Calculation Clause Samples
The Currency Calculation clause defines how monetary amounts are to be calculated, converted, or expressed in a contract. It typically specifies the currency to be used for payments, how exchange rates are determined if multiple currencies are involved, and the timing for any necessary conversions. This clause ensures that all parties have a clear understanding of the currency terms, reducing the risk of disputes over payment amounts due to currency fluctuations or misunderstandings.
Currency Calculation. Except as otherwise expressly set forth herein, for purposes of determining compliance with any euro-denominated restriction herein, the euro-equivalent amount for purposes hereof that is denominated in a non-euro currency shall be calculated based on the relevant currency exchange rate in effect on the date such non-euro amount is incurred or made, as the case may be.
Currency Calculation. Except as otherwise expressly set forth herein, for purposes of determining compliance with any U.S. dollar-denominated restriction herein, the U.S. dollar-equivalent amount for purposes hereof that is denominated in a non-U.S. dollar currency shall be calculated based on the relevant currency exchange rate in effect on the date such non-U.S. dollar amount is incurred or made, as the case may be.
Currency Calculation. Except as otherwise expressly set forth herein, for purposes of determining compliance with any euro-denominated restriction herein, the euro-equivalent amount for purposes hereof that is denominated in a non-euro currency shall be calculated based on the relevant currency exchange rate in effect on the date such non-euro amount is incurred or made.
Currency Calculation. Except as otherwise provided herein, the Issuer shall be responsible for making all calculations called for under this Indenture, the Notes and the Guarantees. The Issuer or its agents shall make all such calculations in good faith and, absent manifest error, its calculations will be final and binding on the holders. The Issuer upon request shall provide a schedule of its calculations to the Trustee, and the Trustee shall be entitled to rely conclusively upon the accuracy of the Issuer’s calculations without independent verification. The Trustee shall deliver a copy of such schedule to any holder upon the request of such holder.
Currency Calculation. Except as otherwise specifically set forth herein, for purposes of determining compliance with any Dollar-denominated restriction herein, the Dollar-equivalent amount for purposes hereof that is denominated in a Non-Dollar Currency shall be calculated based on the relevant currency exchange rate in effect on the date such Non-Dollar Currency amount is incurred or made, as the case may be. The Trustee or Paying Agent shall have no obligation or responsibility to calculate or confirm such calculation.
Currency Calculation. Except as otherwise specifically set forth herein, for purposes of determining compliance with any sterling-denominated restriction herein, the sterling-equivalent amount for purposes hereof that is denominated in a non-sterling currency shall be calculated based on the relevant currency exchange rate in effect on the date such non- sterling amount is incurred or made, as the case may be.
Currency Calculation. In all cases where calculations or amounts are made or stated in U.S. Dollars, conversion from local currency to U.S. Dollars shall be made as set forth in Section 3.2(f). The parties have caused this AGREEMENT to be executed by their respective duly authorized representatives as of the date set forth in the preamble above. ABBOTT INTERNATIONAL LLC MEDIMMUNE, INC. By: By: Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇ Title: Senior Vice President, Title: President and Chief Executive Officer International Operations JOINDER: The undersigned, ▇▇▇▇▇▇ Laboratories, an Illinois corporation, hereby joins in the execution of this Amended and Restated Distribution Agreement for the purpose of obligating itself to the obligations and undertakings of ▇▇▇▇▇▇ International LLC, as set forth in the AGREEMENT. By: Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Senior Vice President, International Operations
Currency Calculation. In all cases where calculations or amounts are made or stated in U.S. Dollars, conversion from local currency to U.S. Dollars shall be made as set forth in Section 3.3(B)(ii).