Currency exchanges. If the Agent receives an amount under a Transaction Document in a currency which is not in the Relevant Currency, the Agent:
(a) may convert the amount received into the Relevant Currency in accordance with its normal procedures; and
(b) is only regarded as having received the amount that it has converted into the Relevant Currency.
Currency exchanges. At any time Eurocurrency Rate Loans denominated in an Alternative Currency are required to be converted to Base Rate Loans, the Borrowers shall indemnify the Lenders against any loss or liability arising out of or as a result of the conversion of such Alternative Currency to Dollars and exchange costs and taxes payable in connection with such conversion and the Borrower to which such Loan was made shall forthwith on written demand therefor pay to the Agent, for the benefit of the applicable Lenders, the amount of such loss, liability, costs and taxes.
Currency exchanges. You may exchange funds maintained in your Card Account into another currency. You may only purchase and store in your Card Account the currencies that are provided in the Dashboard. The default currency is US Dollars. If there is any change to the currencies that we make available to you, for any reason, these will be reflected in the Dashboard and any funds that you hold in a currency no longer offered will be automatically converted to US Dollars. Prior to sending your request to enter into a foreign currency conversion, you will be notified through the Dashboard of: (a) the amount of originating currency you will use to purchase the foreign currency; (b) the amount and currency you will purchase as a result of the transaction; (c) the relevant foreign exchange rate, and (d) fees charged, if any. In order to submit the request to enter into the foreign currency conversion, you must confirm the details which have been entered by pressing the exchange button on the Dashboard. You are responsible for any initiated transactions and any transactions entered into are not reversible. For the avoidance of doubt, neither we nor our service providers guarantee one hundred percent (100%) uptime of this function. The amount of currency that can be exchanged on your behalf at interbank rates is limited based on the dynamic risk scoring described in the Section above titled “Limitations on Frequency and Dollar Amounts of Transactions.” Please refer to the Schedule of Fees and Charges (Schedule A) for more information on interbank rates. It is your responsibility to stay informed of any changes to the limits and fees applied to any exchanges at interbank rates in this Agreement. You must not use this feature for speculative or investment purposes. We will notify you as soon as feasible if any listed currencies are removed from the Program.
Currency exchanges a. If, as part of any Wire Transfer Request, Customer requests the conversion of one Currency to another, the resulting FX Transaction shall be subject to the terms of the Foreign Exchange Service Addendum (the “FX Addendum”) in addition to this Wire Addendum. In the event of any inconsistency between this Wire Addendum and the FX Addendum, the terms of the FX Addendum shall control with respect to the FX Transaction, but only to the extent of such inconsistency or discrepancy. Except for Wire Transfer Requests that qualify for Auto- Conversion (see below), the Exchange Rate will be as provided in the FX Addendum.
b. When a Wire Transfer Request qualifies for Auto-Conversion, the funds will be automatically converted by our service provider from U.S. Dollars to the local Currency of the country where the Wire Transfer is being sent. The Exchange Rate for the Auto-Conversion shall be that established by the service provider and might not be the most favorable available currency Exchange Rate. If a Request is returned, the amended Request may be subject to an Exchange Rate different from that applied to the returned Request.
i. A Request qualifies for Auto-Conversion if it is in U.S. Dollars, designates a beneficiary account in a foreign country, is in an amount less than or equal to Synovus’ then-current threshold amount for Auto- Conversion, and has not been excluded from the Auto-Conversion program by customer’s completion and submission to Synovus of our Optional Exclusion Form for the beneficiary of the Wire Transfer.
ii. Customer represents and warrants to Synovus that it has disclosed to beneficiaries of Wire Transfers their option to be excluded from the Auto-Conversion program and has submitted an Optional Exclusion From for each beneficiary wishing to be excluded from such program.
Currency exchanges. For the purposes of calculating rebates as described in Sections 5.3 and 5.7, SUPPLIER shall convert sales to Buying Entities from local currency to dollars using the methods it uses to convert all of its other foreign revenues, provided only that such methods comply with US generally accepted accounting principles. SUPPLIER currently uses the exchange rates posted at xxx.xxxxx.xxx; if that source changes SUPPLIER will report that source and the rate at the close of the respective quarter.
Currency exchanges. Each of the Lender and BNZ may effect such currency exchanges as are appropriate to implement such set-off.
Currency exchanges. If a Finance Party receives an amount under a Transaction Document in a currency which is not in the Relevant Currency, the Finance Party:
(a) may convert the amount received into the Relevant Currency in accordance with its normal procedures; and
(b) is only regarded as having received the amount that it has converted into the Relevant Currency.
Currency exchanges. You may exchange funds maintained in your Card Account into another currency. You may only purchase and store in your Card Account the currencies that are provided in the Dashboard. The default currency is US Dollars. If there is any change to the currencies that we make available to you, for any reason, these will be reflected in the Dashboard and any funds that you hold in a currency no longer offered will be automatically converted to US Dollars. Prior to sending your request to enter into a foreign currency conversion, you will be notified through the Dashboard of: (a) the amount of originating currency you will use to purchase the foreign currency; (b) the amount and currency you will purchase as a result of the transaction; (c) the relevant foreign exchange rate, and
Currency exchanges. If the Senior Agent receives an amount under a Senior Finance Document in a currency which is not in the Relevant Currency, the Senior Agent:
(a) may convert the amount received into the Relevant Currency in accordance with its normal procedures; and
(b) is only regarded as having received the amount that it has converted into the Relevant Currency.
Currency exchanges. If the Lender receives an amount under a Transaction Document in a currency which is not in the Relevant Currency, the Lender:
(a) may convert the amount received into the Relevant Currency in accordance with its normal procedures; and
(b) is only regarded as having received the amount that it has converted into the Relevant Currency.
