Common use of Currency of Payment Clause in Contracts

Currency of Payment. The payments will be made in Colombian pesos. The amount payable will be determined based on the Service Fee certified in dollars and it will be calculated using the official Representative Market Rate (TRM) certified by the Financial Superintendence of the first day of the month of provision of the Services.

Currency of Payment. The payments will be made in Colombian pesos. The amount payable will be determined based on the Service Fee certified in dollars and it will be calculated pesos using the official arithmetic average of the Representative Market Rate (TRM) certified by the Financial Superintendence or the entity that takes its place, of the first day of the month of provision of that corresponds to the ServicesService invoice.

Currency of Payment. The payments will be made in Colombian pesos. The amount payable will be determined based on the Service Fee certified in dollars and it will be calculated pesos using the official arithmetic average of the Representative Market Rate (TRM) certified by the Financial Superintendence or the entity that takes its place, of the first day days of the month of provision of that corresponds to the ServicesService invoice.