INTERNATIONAL/FOREIGN PAYMENT ORDERS Sample Clauses

INTERNATIONAL/FOREIGN PAYMENT ORDERS. All domestic Payment Orders must be paid for in U.S. Dollars. Unless otherwise agreed in writing by Bank, all international/foreign Payment Orders must be paid for in U.S. Dollars and will be payable at the option of the beneficiary bank in the currency of the country of the beneficiary bank or other currency. If Bank accepts a Payment Order for payment outside the U.S. in a currency other than U.S. Dollars, Customer authorizes Bank to debit, draw on, or, if applicable, credit Customer’s Authorized Account for the U.S. Dollar equivalent of the amount transferred at the Bank’s current exchange rate for the specified foreign currency. If Bank does not have current exchange rates for the particular foreign currency involved, Bank will use its best effort to convert the currency promptly through reasonable commercial and/or banking channels, and Customer shall pay Bank a reasonable fee for such services. In no event shall Bank be liable to Customer for any losses arising from currency conversions effected by Bank in good faith within a reasonable time after receiving funds for any conversion. Each foreign currency transfer may be executed through a selected Correspondent of the Bank.