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. 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. 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 (the “Currency Exchange Risk”). The Participant waives and releases the Company 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. You agree that you will bear all risk associated with the exchange or fluctuation of currency associated with this option, 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 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. 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. All exchange rate, currency fluctuation, volatility risk and losses arising from any cause will be for the account of the Borrower.
5.9.1. If any part of the Facility/Facilities is/are denominated in a foreign currency ("the currency of the account"), payment under or the repayment of such Facility/Facilities will be made in such foreign currency.
5.9.2. The the bank reserves the right to convert the facility to the local currency or vice versa, (at the rate ruling on the day of such switch) in the event of any circumstances arising that dictates, in the Bank’s sole opinion, the current or future ability of the Borrower to service the facility would be better served if it were converted to local currency or vice versa.
5.9.3. In the event of any legislation or extreme change in market conditions affecting the ability of the Bank to provide or fund Facility in foreign currency or vice versa, the Bank reserves the right to convert into local currency of Zambia(or vice versa) at the rate ruling on the day of such switch.
5.9.4. In the event of any excesses, arrears, outright default or if that the Bank demands repayment of any indebtedness of the Borrower, after such demand has been made, the Bank reserves the right, at its sole discretion, to switch any foreign currency indebtedness by the Borrower into the local currency of Zambia or vice versa at the Bank’s spot rate ruling at the day of such switch
5.9.5. In exercising the aforementioned rights in this Clause 5.9 to switch foreign currency indebtedness into the local currency of Zambia or vice versa, the Bank will not be liable for any losses resulting from exchange rate fluctuations.
5.9.6. Any money received by the Bank, or by any person appointed by the Bank, in a currency other than the currency of the account, may be converted by the Bank into the currency of the account or such other currency as the Bank considers necessary to cover the obligations or liabilities of the Borrower. The Bank shall use the Bank’s spot rate of exchange for such conversion.
5.9.7. Any foreign or cross border transaction or purchase, or transaction involving or referencing foreign currency (regardless of the channel or method of payment) could result in VERY SIGNIFICANT UNFORESEEN additional costs, charges or losses and risks (over which the Bank has no control), which the Client or the Bank might not be aware of or which might not be disclosed by a third party or anyone to the Client before the Client approves or makes pa...
Currency Exchange Risk. If the Client directs the Company to enter into any foreign exchange transaction:
1. Any profit or loss due to currency exchange rate fluctuations is entirely the Client's responsibility;
2. All initial and subsequent margin deposits must be made in USD or another acceptable currency, in amounts as deemed necessary by the Company;
3. The Company has the authorization to convert Client's margin funds into and from foreign currencies at an exchange rate determined by the Company.
