Currency Exchange Risk Sample Clauses
The Currency Exchange Risk clause allocates responsibility for fluctuations in currency exchange rates between the parties to a contract. Typically, it specifies which party bears the risk if the value of one currency changes relative to another between the time of agreement and payment, and may outline procedures for calculating payments or adjustments in the event of significant currency movements. This clause is essential for contracts involving international transactions, as it ensures clarity and fairness by pre-determining how currency volatility will be managed, thereby reducing disputes and financial uncertainty.
POPULAR SAMPLE Copied 187 times
Currency Exchange Risk. The Eligible Individual agrees and acknowledges that that Eligible Individual shall bear any and all risks associated with the exchange or fluctuation of currency associated with the Award, including without limitation the settlement of the Award and/or sale of the Shares (the “Currency Risk”). Eligible Individual waives and releases the Company, its Subsidiaries and Affiliates and the Plan Administrator from any potential claims arising out of the Currency Risk. Eligible Individual acknowledges and agrees that Eligible Individual shall with any and all exchange control requirements applicable to the Award and the sale of the Shares and any resulting funds including, without limitation, reporting or repatriation requirements.
Currency Exchange Risk. If your functional currency is not the U.S. dollar, you agree and acknowledge that you will bear any and all risk associated with the exchange or fluctuation of currency associated with the Award (the “Currency Exchange Risk”). You waive and release the Corporation and its subsidiaries from any potential claims arising out of the Currency Exchange Risk.
Currency Exchange Risk. The Participant agrees and acknowledges that the Participant shall bear any and all risk associated with the exchange or fluctuation of currency associated with the Option, including without limitation the exercise of the Option or sale of the shares of Stock (the “Currency Exchange Risk”). The Participant waives and releases the Company and the Participating Companies from any potential claims arising out of the Currency Exchange Risk.
Currency Exchange Risk. If your functional currency is not the U.S. dollar, you agree and acknowledge that you will bear any and all risk associated with the exchange or fluctuation of currency associated with the RSUs, including without limitation sale of the Stock and payment of DDEs (the “Currency Exchange Risk”). Any cash payments due to you under this Award Agreement will be converted to your functional currency at the rate determined by the Corporation, in its discretion, on the last day of the Restricted Period. You waive and release the Corporation and its subsidiaries from any potential claims arising out of the Currency Exchange Risk. Award Date: February 23, 2022
Currency Exchange Risk. In the event that the Client directs CIFL to enter into any contract on an exchange or other market on which such transactions are effected in a foreign currency:-
(a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the account and risk of the Client;
(b) all initial and subsequent deposits for margin purpose shall be made in such currency in such amounts as CIFL may at its sole discretion require, and
(c) when such a contract is liquidated CIFL shall debit or credit the Client’s account in the currency in which such account is denominated at an exchange rate (where the relevant contract is denominated in a currency other than that of the account) determined by CIFL at its sole discretion on the basis of the then prevailing money market rates of exchange.
Currency Exchange Risk. You agree that you will bear all risk associated with the exchange or fluctuation of currency associated with Restricted Stock Units, including without limitation in connection with the sale of shares ( “Currency Exchange Risk”). You waive and release the Company and its Affiliates from any potential claims arising out of Currency Exchange Risk.
Currency Exchange Risk. In the event that Customer directs BNYM Clearing to enter into any Contract or transaction in a foreign currency or BNYM Clearing permits Customer to deposit foreign currency in satisfaction of any of Customer’s margin, settlement or premium obligations in respect of any Contract, any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the Account and risk of Customer. Absent specific written instruction from Customer, BNYM Clearing shall, when such Contract or transaction is terminated, credit the Account of Customer in such foreign currency or in U.S. dollars at a rate of exchange based upon then prevailing money markets rates of exchange for such foreign currency.
Currency Exchange Risk. If your functional currency is not the U.S. dollar, you agree and acknowledge that you will bear any and all risk associated with the exchange or fluctuation of currency associated with the RSUs, including without limitation sale of the Stock and payment of DDEs (the “Currency Exchange Risk”). Any cash payments due to you under this Award Agreement will be converted to your functional currency at the rate determined by the Corporation, in its discretion, on the last day of the Restricted Period. You waive and release the Corporation and its subsidiaries from any potential claims arising out of the Currency Exchange Risk.
Currency Exchange Risk. If any Contract is effected on any Execution Facility or Clearing Organization in a foreign currency, any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the account and risk of Customer. Initial and subsequent deposits of margin shall be made in United States currency, unless HSBC requests any such deposit in the currency of some other country, in which case such deposit shall be made in such currency. Unless Customer shall have given HSBC specific written instructions to the contrary, when any Contract is liquidated, HSBC shall debit or credit the Account in the relevant currency of the Contract and shall convert on a monthly basis the balance in the Account in United States currency at a rate of exchange determined by HSBC in good faith and on the basis of prevailing market rates.
Currency Exchange Risk. Customer shall bear all risk and cost in respect of the conversion of currencies incident to transactions in Contracts effected on behalf of Customer. Should Customer elect to deposit funds with ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ other than the currency of settlement or instruct ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to convert funds which are already on deposit in another currency, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall debit or credit the Account of Customer at a rate of exchange determined by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ in its sole discretion on the basis of the then prevailing market rate of exchange for such foreign currency. Customer authorizes ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to deposit Customer funds in depositories located outside of the United States, subject to and consistent with the requirements of Applicable Law. Customer agrees that the conversion of currencies under this Agreement shall be for the sole purpose of effecting transactions in Contracts hereunder and under no circumstances for the purpose of effecting spot, forward or other over-the-counter foreign currency transactions.