Exchange Rate Variation. Exchange rate variation payable shall be calculated at the rate of exchange actually paid by the Vendor against the exchange rate in the quotation. If prices are expressed in different currencies and the Purchaser seeks or requires payment in any different currency, the Purchaser shall bear any foreign exchange risk arising from such payment.
Exchange Rate Variation. NOTE: This clause will only be included if the Tenderer elects in their tender to exercise the standard exchange rate variation model.
a. The Contract Price will only be varied in accordance with fluctuations in the currency exchange rate between the Australian dollar (AUD) and the United States dollar (USD) according to the clauses set out below.
b. Contract Prices for any Service Period during the first year of the Contract Period are fixed (except as provided in clause 2.3 below if applicable) and will not be varied in accordance with this clause.
c. The Benchmark Exchange Rate (BER) is AUD1.00 = USD <value will be inserted here>.
Exchange Rate Variation. There are no applicable exchange rate variations for this contract for Call When Needed Services.
Exchange Rate Variation. 7.1. Where, as agreed in the Agreement, the cost of goods is based on the foreign currency price and calculated on an exchange rate in relation to the pound sterling (GBP), prices may be varied by negotiation between the Contractor and Authority using the base rate, exchange rates and formula as specified below.
7.2. The Price is calculated by reference to the London market rate of exchange of the US Dollar (USD) to the GBP (the Base Exchange Rate). If the London market rate of Exchange, on the date on which the Purchase Order was submitted to the Contractor or at six monthly intervals, is greater than $1.80 or lower than $1.50, the Price shall be varied in direct proportion to the increase or decrease and be payable accordingly.
7.3. The base rate for these exchange rates will be the Financial Times average closing prices on the date the Contractor submitted their tender to the Authority (i.e. 25/08/2010). The Schedule 2 pricing is calculated on a base rate of $1.65 to £1.00.
Exchange Rate Variation. NOTE: This clause will only be included if the Tenderer elects in their tender to exercise the standard exchange rate variation model and that exercise is accepted by NAFC. The exchange rate variation model allows for the value of AUD against the USD to vary by 5% without affecting the prices. The prices are revised once per year according to any change in the value of the AUD against the USD that is in excess of 5%.
a. The Contract Price will only be varied in accordance with fluctuations in the currency exchange rate between the Australian dollar (AUD) and the United States dollar (USD) according to the clauses set out below.
b. Contract Prices for any Service Period during the first year of the Contract Period are fixed (except as provided in clause 2.3 below if applicable) and will not be varied in accordance with this clause.
c. The Benchmark Exchange Rate (BER) is AUD1.00 = USD <value will be inserted here>.
d. The source of the Reference Exchange Rate (RER) will be the Reserve Bank’s WM/Reuters Australian Dollar Fix (or its successor) at 16:00 hours (Sydney time) on the business day immediately preceding the day on which the Contract Price is varied.
Exchange Rate Variation. [Option 1]The prices in this Agreement are based upon an exchange rate of Indian Rupee <exchange rate> to one (1) USD ("Base Rate") as on <base date>. The Parties agree to mutually review the Base Rate at the time of issue of invoice, using the daily exchange rate published in Reserve Bank of India (the "Exchange Rate"). The rates of exchange used for price adjustments shall be calculated to four (4) decimal places. In the event that the daily Exchange Rate for the day preceding the day of billing has fluctuated beyond <insert percentage threshold>% relative to the base rate, the Parties agree that the Implementation Agency and Purchaser will have the right to adjust the price accordingly. Any increase or decrease in customs duty by reason of the variation in the rate of exchange in terms of the contract will be to the Implementation Agency’s account. In case delivery period is re-fixed/ extended, ERV will not be admissible, if this is due to default of the Implementation Agency. The following documents should be furnished by the supplier for claiming exchange rate variation:
(i) A bill of exchange rate variation claim enclosing working sheet
(ii) Banker’s certificate/debit advice detailing foreign exchange paid, date of remittance and Exchange Rate
(iii) Copies of import order placed on supplier
(iv) Invoice of supplier for the relevant import order [Option 2:]To work out the variation due to changes (if any) in the exchange rate(s), the base date for this purpose will be the due date of opening of tenders/seven days prior to the due date of opening of tenders (the purchase organization is to decide and adopt a particular suitable date). The variation reimbursed to the vendor shall be calculated on the difference between
(a) The invoice value based on the previous three months average exchange rate; and (b) invoice value based on the price quoted by the vendor on the bid submission date. The applicable exchange rates as above will be according to the TT Selling Rates of Exchange as quoted by authorized Exchange Bankers approved by the Reserve Bank of India on the dates in question. No variation in price in this regard will be allowed if the variation in the rate of exchange remains within the limit of plus/minus <2.5> percent. Any increase or decrease in the Customs Duty by reason of the variation in the rate of exchange in terms of the contract will be to the buyer’s account. In case Delivery period is re-fixed/ extended, ERV will not be admissible, if t...
Exchange Rate Variation. (a) The exchange rate on which Contract Prices are based (if applicable) as at any date an invoice is submitted to Telstra under this Agreement, and the percentage of the Contract Price for any Equipment which is subject to exchange variation, are specified in Schedule 2.
(b) If the exchange rate applicable on the date of Lucent's invoice varies more than 2% from the exchange rate specified in Schedule 2 on which the Contract Price is based, then the Contract Price will vary as follows: EX1 VCP=(---xPCP)+BCP EX2 where: VCP = the varied Contract Price; EX1 = the exchange rate specified in Schedule 2; EX2 = the exchange rate applicable at the date of Lucent's invoice; PCP = the amount of the Contract Price subject to the relevant exchange rate variation; and BCP = the Contract Price minus the PCP.
(c) Adjustments under this clause 18.10 must be based on the spot selling rate quoted by Westpac Banking Corporation for the sale of $ for the relevant currency.
(d) Lucent must consolidate such adjustments for exchange rate variation into a monthly statement and presented to Telstra at the end of each month.
Exchange Rate Variation. NOTE: This clause will only be included if the Proposer elects in their proposal to exercise the standard exchange rate variation model. It is preferred that the Exchange Rate Variation is not exercised for Airborne Strategic Intelligence and Reconnaissance (ASIR)
Exchange Rate Variation. Bidders may include separate components in the Capacity Purchase Price and the Energy Purchase Price which are subject to adjustment for variations in the exchange rate between the Rupee and US Dollar between the base date and the date of payment. No protection against exchange rate fluctuations will be available through the tariff in respect of any other currency. The reference rate for foreign exchange shall be the State Bank of Pakistan’s TT&OD selling rate of US Dollar prevailing on the last business day 28 days (or more) before the date of submission of the bid. The specific date will be given in the RFP. Adjustment for Exchange Rate fluctuations will be effected quarterly. A true up on exchange rate fluctuations in excess of 5% during any month will be allowed on a monthly basis.
Exchange Rate Variation. (1) Without limiting any other provision in relation to pricing, for so long as the exchange rate for the Australian dollar remains within the range of 0.7 to 0.8 US dollars (Review Range), the price remains firm. If the exchange rate moves outside of that range either party may initiate a price review.
(2) If a party initiates a price review under this clause 7.7, the parties will, in good faith, agree a new review range, being a ten-cent US range to reflect where the Australian dollar is then currently trading. That new review range, when agreed, will then be the Review Range for the purposes of clause 7.7(1), which will be varied accordingly and continue to apply as varied. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
(3) If a new Review Range is agreed under clause 7.7(2), the Price (excluding the Reagent Cost) will be amended to reflect the proportional change in the Review Range.
