Exchange rate conversion Clause Samples
An exchange rate conversion clause defines how currency values will be converted when transactions involve different currencies. Typically, it specifies the reference exchange rate source, the date on which the rate is determined, and the method for calculating the converted amount. This clause ensures that both parties have a clear and agreed-upon process for handling currency fluctuations, thereby reducing disputes and providing certainty in cross-border transactions.
Exchange rate conversion. Payments shall be executed in the currency of the Framework Contract. Conversion between EURO and another currency shall be made according to the daily EURO exchange rate published in the Official Journal of the European Union or failing that, at the monthly accounting exchange rate established by the European Commission and published on its website (▇▇▇▇▇://▇▇.▇▇▇▇▇▇.▇▇/info/funding-tenders/procedures-guidelines-tenders/information- contractors-and-beneficiaries/exchange-rate-inforeuro_en), applicable on the day on which the payment order is issued by Europol.
Exchange rate conversion. If the conversion of exchange rates is involved under this Contract, the conversion shall be made at the exchange price determined by the Mortgagee, and the relevant exchange rate risks and losses shall be assumed by the Mortgagor.
Exchange rate conversion. If the balance of financing under this Agreement exceeds the amount available at any time due to exchange rate changes, factoring Bank shall have the right to require the customer to immediately repay the excess. If the customer’s repayment (including authorized repayment) currency is inconsistent with the financing currency, factoring bank has the right to purchase and repay foreign exchange at the relevant exchange rate determined by itself, and the exchange rate risk shall be borne by the customer himself.
Exchange rate conversion. Upon calculation of any quota occupancy, if the financing currency is inconsistent with the financing quota currency, the financing bank has the right to convert at the relevant exchange rate determined at free will. If the total financing quota already occupied hereunder is caused by changes in exchange rate to exceed the aforesaid maximum financing quota at any time, the financing bank has the right to require the customer to immediately repay the excess amount. If the customer’s repayment (including authorized repayment) currency is inconsistent with the financing currency, the financing bank has the right to repay by purchased foreign exchange at the relevant exchange rate determined at free will. And the exchange rate risk shall be assumed by the customer by itself. SPD BANK Financing Quota Agreement
Exchange rate conversion. When conversion of payments from any currency other than United States Dollars is required, such conversion shall be at an exchange rate equal to the previous month end’s exchange rate which is downloaded from Reuters set on the last working day of the previous month for the currency of the country where such Net Sales occurred.
Exchange rate conversion. When conversion of payments from any currency other than United States Dollars is required, such conversion shall be at an exchange rate equal to the trailing three (3)-month average of the daily end of day rate in New York per the Bloomberg News Service.