Common use of Currency of Payment Clause in Contracts

Currency of Payment. All payments under this Policy shall be made in the legal currency of Malaysia. Should any payment be requested by the Insured to be payable in any other currency, then such amount shall be payable in the demand currency as may be purchased in Malaysia at the prevailing currency market rates on the date of the claim settlement.

Appears in 8 contracts

Samples: Our Agreement, Our Agreement, Our Agreement

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Currency of Payment. All payments under this Policy shall be made in the legal currency of Malaysia. Should any payment be requested by the Insured You to be payable in any other currency, then such amount shall be payable in the demand currency as may be purchased in Malaysia at the prevailing currency market rates on the date of the claim settlement.

Appears in 3 contracts

Samples: www.zurich.com.my, www.ejeninsurans.com, www.zurich.com.my

Currency of Payment. All payments under this Policy shall be made in the legal currency of Malaysia. Should any payment be requested by the Insured Person to be payable in any other currency, then such amount shall be payable in the demand currency as may be purchased in Malaysia at the prevailing currency market rates on the date of the claim settlement. GOVERNING LAW This Policy is issued under the laws of Malaysia and is subject and governed by the laws prevailing in Malaysia.

Appears in 1 contract

Samples: www.zurich.com.my

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Currency of Payment. All payments under this Policy Contract shall be made in the legal currency of Malaysia. Should any payment be requested by the Insured Contract Holder to be payable in any other currency, then such amount shall be payable in the demand currency as may be purchased in Malaysia at the prevailing currency market rates on the date of the claim settlement.

Appears in 1 contract

Samples: etiqa.weebly.com

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