International Disbursements Sample Clauses
The International Disbursements clause governs the process and conditions under which payments are made across national borders in the context of a contract. It typically outlines the acceptable currencies, payment methods, and any responsibilities for fees or exchange rate fluctuations associated with transferring funds internationally. This clause ensures that both parties understand how and when payments will be made, reducing the risk of disputes or delays due to differing banking systems or regulatory requirements in different countries.
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International Disbursements. A Disbursement Request expressed in US Dollars will be sent in US Dollars, even if the Receiving Party or Receiving Bank is located outside the United States. Administrative Agent will not execute Disbursement Requests expressed in foreign currency unless permitted by the Credit Agreement.