Foreign Currency Adjustment Sample Clauses
A Foreign Currency Adjustment clause defines how payments or financial obligations are adjusted when transactions involve currencies other than the contract's base currency. Typically, this clause specifies the exchange rate to be used, the timing for rate determination, and how fluctuations in currency values are handled between the parties. Its core practical function is to manage the risk of currency value changes, ensuring that neither party is unfairly advantaged or disadvantaged by exchange rate volatility during the contract term.
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Foreign Currency Adjustment. If the Exchange Rate as of the date of achievement of each milestone, in the case of milestone payments set forth in Sections 8.2 and 8.3, deviates by ten percent (10%) or more from the Exchange Rate as of February 1, 2022, then 50% of the difference between the amounts of the payment converted into JPY using the Exchange Rate of (x) the date of achievement of the applicable milestone and (y) February 1, 2022, which difference shall be converted into Dollar using the Exchange Rate as of February 1, 2022 and to be rounded to the nearest whole Dollar amount, shall be added to or deducted from the amount of the payment. In this regard, the Parties confirm that the Exchange Rate as of February 1, 2022 was 115.15 JPY to 1 Dollar.
Foreign Currency Adjustment. There shall be no foreign currency adjustment. Noramco shall invoice Buyer in US dollars.
Foreign Currency Adjustment. The parties acknowledge that the Participation Limit is expressed in Canadian Dollars. For the purposes of determining whether the Participation Limit would be exceeded by the issuance of a Guarantee Certificate requested under a Guarantee Certificate Application, the value of the Guaranteed Amount of any Guaranteed Instrument denominated in a currency other than Canadian Dollars or of the Face Amount of a Proposed Guaranteed Instrument denominated in a currency other than Canadian Dollars shall be deemed to be the product of the Canadian Dollar Equivalent Amount of such Guaranteed Amount or Face Amount (determined as of the Business Day immediately preceding the date of the Guarantee Certificate Application) multiplied by 125%.