FOREIGN EXCHANGE CONTROL REGULATIONS Sample Clauses

FOREIGN EXCHANGE CONTROL REGULATIONS. The Customer agrees to comply with all applicable foreign exchange control regulations and to obtain and maintain in full force and effect all necessary government approvals, including the foreign exchange approval of the Central Bank of China, when applicable, to effectuate transactions under the Agreement. All payments hereunder shall be made to the Bank in the currency (the "Agreed Currency") provided in each relevant Customer Instruction. The obligation of the Customer to make payment in the Agreed Currency shall not be satisfied by any tender of any currency other than the Agreed Currency, except to the extent that the Bank may purchase the Agreed Currency with such other currency in accordance with normal banking procedures upon receipt of such amount. If the amount in the Agreed Currency which may be so purchased, after deducting any costs of exchange and any other related costs, is less than the relevant sum payable, the Customer shall indemnify the Bank against the shortfall.
Sample 1
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Related to FOREIGN EXCHANGE CONTROL REGULATIONS

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