Foreign Currency Fluctuation Sample Clauses
A Foreign Currency Fluctuation clause defines how changes in exchange rates between currencies are handled in a contract. Typically, it specifies which party bears the risk of currency value changes, outlines the method for calculating payments when currencies fluctuate, and may set thresholds or adjustment mechanisms if the exchange rate moves significantly. This clause ensures that both parties understand and agree on how to address potential financial impacts caused by currency volatility, thereby reducing disputes and allocating risk fairly.
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Foreign Currency Fluctuation. If at any time, solely as a result of fluctuations in currency exchange rates:
(i) the Total Outstandings exceed one hundred five percent (105%) of the Total Commitments, the Companies for the ratable benefit of the Banks shall immediately prepay Revolving Loans in an aggregate amount such that after giving effect thereto the Total Outstandings are less than or equal to the Total Commitments; or
(ii) the Dollar Amount of all outstanding Foreign Currency Loans exceeds one hundred twenty percent (120%) of the Foreign Currency Sublimit, the Foreign Currency Borrowers shall on such date prepay Foreign Currency Loans in an aggregate amount such that after giving effect thereto the Dollar Amount of all such Foreign Currency Loans is less than or equal to the Foreign Currency Sublimit.
Foreign Currency Fluctuation. In order to eliminate effects of certain foreign currency fluctuations, actual Net Reported Sales (with respect to sales made in certain currencies other than U.S. dollars) shall be calculated using the same agreed upon exchange rates as for the Early Year Adjustment Mechanism, as set forth in Section 6.4(e) above.
Foreign Currency Fluctuation. In order to eliminate the effects of certain foreign currency fluctuations, the Net Reported Sales calculated with respect to all sales of RP Adjustment Products or Merck Adjustment Products denominated in any of the currencies listed hereafter shall be translated into U.S. dollars on the basis of the following exchange rates: English pound sterling .63, French franc 5.00, German deutschemark 1.43, Italian lira 1624, Spanish peseta 125, Japanese yen 93, and Australian dollar 1.35. If any of such sales of RP Adjustment Products or Merck Adjustment Products in one of such countries are denominated in ecus or euros, the Net Reported Sales in U.S. dollars with respect to such sales shall be determined by first translating the amount in ecus or euros, as the case may be, into an amount denominated in the national currency of such country (the English pound sterling, French franc, German deutschemark, Italian lira or Spanish peseta, as the case may be) at the exchange rate in effect at the date of such sale (or, if the national currency no longer exists at such time, the last such exchange rate in effect prior to the elimination of the national currency), and then translating the resulting national currency amount into U.S. dollars at the exchange rates set forth above.