Foreign Currency Accounts. The Customer may open Accounts in foreign currencies upon the approval of the Bank. The Customer understands that there is risk associated with any Account denominated in a foreign currency, which for the purposes of these Terms and Conditions means any currency other than UAE Dirham. Accordingly, the Customer accepts that the Customer is solely responsible for all such risks and any costs, charges and expenses, howsoever arising (including, without limitation, from any international or domestic legal or regulatory restrictions, as a result of exchange rate fluctuations or as a result of converting one currency into another) in respect of any Account denominated in a foreign currency. The Bank will accept UAE Dirham for credit to an Account denominated in a foreign currency subject to first converting such UAE Dirham into the relevant currency and will permit withdrawals in cash in UAE Dirham from an Account denominated in a foreign currency subject to sufficient funds being available in the relevant Account and subject to first converting the funds denominated in the foreign currency into UAE Dirham.
Foreign Currency Accounts. The Customer may open Accounts in foreign currencies upon the approval of the Bank. The Customer understands that there is risk associated with any Account denominated in a foreign currency, which for the purposes of these Terms and Conditions means any currency other than Oman Rial. Accordingly, the Customer accepts that the Customer is solely responsible for all such risks and any costs, charges and expenses, howsoever arising (including, without limitation, from any international or domestic legal or regulatory restrictions, as a result of exchange rate fluctuations or as a result of converting one currency into another) in respect of any Account denominated in a foreign currency. Conversion from one currency to another will be at the spot rate of exchange as determined by the Bank, in its sole discretion, from time to time. The Bank in its sole discretion may permit, but is not obliged to permit, Deposits in a foreign currency and Withdrawals in a foreign currency from an Account denominated in a foreign currency, subject to such charges as the Bank determines from time to time or in respect of a particular transaction. The Bank will accept Oman Rial for credit to an Account denominated in a foreign currency subject to first converting such Oman Rial into the relevant currency and will permit withdrawals in cash in Oman Rial from an Account denominated in a foreign currency subject to sufficient funds being available in the relevant Account and subject to first converting the funds denominated in the foreign currency into Oman Rial.
Foreign Currency Accounts. You acknowledge that the Account is a Canadian dollar bank account and you may not deposit or withdraw any currency to or from your Account other than Canadian dollars. Any foreign currency conversions required in connection with your Account will be processed in accordance with Section 1.05.
Foreign Currency Accounts. The Customer may open Accounts in foreign currencies upon the approval of the Bank. The Customer understands that there is risk associated with any Account denominated in a foreign currency, which for the purposes of these Terms and Conditions means any currency other than UAE Dirham. Accordingly, the Customer accepts that the Customer is solely responsible for all such risks and any costs, charges and expenses, howsoever arising (including, without limitation, from any international or domestic legal or regulatory restrictions, as a result of exchange rate fluctuations or as a result of converting one currency into another) in respect of any Account denominated in a foreign currency. Conversion from one currency to another will be at the spot rate of exchange as determined by the Bank, in its sole discretion, from time to time. The Bank in its sole discretion may permit, but is not obliged to permit, Deposits in a foreign currency and Withdrawals in a foreign currency from an Account denominated in a foreign currency, subject to such charges as the Bank determines from time to time or in respect of a particular transaction. The Bank will accept UAE Dirham for credit to an Account denominated in a foreign currency subject to first converting such UAE Dirham into the relevant currency and will permit withdrawals in cash in UAE Dirham from an Account denominated in a foreign currency subject to sufficient funds being available in the relevant Account and subject to first converting the funds denominated in the foreign currency into UAE Dirham.
Foreign Currency Accounts. In connection with settling Transactions under this Agreement, the Client may open a Foreign Currency Deposit Account at the Bank (an “FC Account”). Without limiting any other rights which the Bank may have under this Agreement, any other agreement or at law, an FC Account is subject to the following terms and conditions:
Foreign Currency Accounts. All transactions relating to the Accounts opened and to be opened in foreign currencies are executed in the currency in which the Account is/has been opened without prejudice to the provisions of applicable laws. However, if the Bank and Customer reach to a mutual agreement upon the Customer’s demand, the transactions under the Accounts may be executed in any currency other than the foreign currency in which the Account has been opened. The foreign exchange rates applied by the Bank on the date of execution of the transaction are taken as the basis. In case of any and all transactions involving arbitrage, foreign exchange buying or selling or any other similar foreign exchange operations, the loss and damages that may result from exchange rates shall be solely on the Customer’s account. The Bank is entitled to collect commission and charges in such transactions. 27.2 Automatic Investment Account 25.2.1. It is the investment account in which the amount currently held available in the Customer’s borrower’s funds account and over the lower limit to be set by the Customer is automatically used or invested in investment instruments deemed suitable by the Bank and mutually agreed with the customer providing that such amount shall not fall below the limit to be specified by the Bank. The Customer may close its Automatic Investment Account by notifying the related request to the Bank at any time desired.
Foreign Currency Accounts. (a) Subject to the Company making such applications required under applicable Laws, including obtaining the approval of the Reserve Bank and registering with the Reserve Bank the facility agreements between the Project Lenders and the Company, the Company may:
Foreign Currency Accounts. Foreign currency investments shall be made in the name of ELIXIR but for the account of, and at the risk of client. The client shall bear all risk and cost with respect to such investments, including those resulting for statutory, fiscal or other measures introduced in the relevant countries restricting freedom of disposal. A client may dispose of foreign currency holding only by requesting redemption or transfers in the relevant foreign currency or such other currency as the client shall elect.
Foreign Currency Accounts. All interest payments and statements that relate to Account(s) that are in currencies other than Canadian Dollars (“Foreign Currency Accounts”) shall be in the lawful currency of the respective country. Such Foreign Currency Accounts are not insured under the Canada Deposit Insurance Act. ICICI Bank is not responsible to me for any losses due to taxes, duties or depreciation in the value of the foreign currency funds credited to or debited from the Foreign Currency Accounts. Nor is ICICI Bank responsible for the unavailability of the foreign currency funds due to laws, rules, orders and regulations of any government or for other causes beyond its control.
Foreign Currency Accounts. 11.1 Foreign currency accounts/deposits will be opened and maintained subject to local laws and regulations in force from time to time, including Foreign Exchange Control Regulations and the directives of the Central Bank of UAE and the relevant Laws of Ajman.
