Payment in Foreign Currency Sample Clauses

Payment in Foreign Currency. In the event the fund transfer is to be made in a currency other than U.S. Dollars, the Bank will purchase the foreign currency, and the Bank will be paid the U.S. Dollars equivalent of the amount of the foreign currency transferred, at the exchange rate you were advised by the Bank. You understand, further, that if the Beneficiary's Bank is instructed to pay in a currency other than its local currency, payment will normally be made by the Beneficiary's Bank at its rate of exchange on the date of its payment. You will comply with all local currency restrictions and any other local law governing the transaction. For U.S. Dollars which are to be transferred and converted abroad it is hereby understood and agreed that the foreign correspondent of the Bank, its agent, or any sub-agent of the foreign correspondent may, at its option at any time, convert the U.S. Dollars into currency of the country where payment is to be made at said correspondent's agent's or sub-agent's buying rate of exchange for U.S. Dollar checks in New York at the time of such conversion. If for any reason payment is not effectuated, and the U.S. Dollars will not have been converted into foreign currency, the Bank will not be liable for any sum in excess of the current market value in New York of such foreign currency at the time of the refund. The Bank may convert U.S. Dollars you delivered to us for transfer into the currency of the country to which remittance is to be made at the Bank's selling rate on the date such funds are received and the confirmation of the Bank will be conclusive evidence that such conversion has been affected. If for any reason payment is not effectuated, the Bank will not be liable for any sum in excess of the current market value in New York of said foreign money at the time the refund of same is made. Furthermore, in respect to either of the above transfers, if payment is not effectuated, the Bank will not be required to make any refund whatsoever until it has received advice from its correspondent that payment is canceled and said bank is in possession of the relevant funds. Foreign checks will be forwarded immediately for presentation to the drawee, and the drawer will be released from any and all liability should the check be dishonored after delay in presentation. The Bank is not liable for the acts of any of its correspondents or sub-agents.
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Payment in Foreign Currency. FACILITY FEES AND PAYMENT OF LENDER'S FEES AND EXPENSES,........................................... 16 10.
Payment in Foreign Currency. 1. The payment of indemnification where the Agreed Appraisal Value of the Artwork is set in a foreign currency shall be made in such currency. 2. The conversion between the foreign currency and Japanese yen for the application of provisions of Articles 8 and 10 in the preceding paragraph shall be made using the currency exchange rate at the time of the execution of this Indemnification Contract.
Payment in Foreign Currency. The joint venture shall pay the capital in the foreign currency account (if any) in the following orders: (1) to pay the foreign employee’s salary (if any); (2) to pay the purchase price of the imported items determined by the board of directors; (3) to distribute the profits to the foreign party; and (4) to effect the other foreign currency payment determined by the board of directors.
Payment in Foreign Currency. If we agree to pay you in a currency other than Hong Kong dollars, the payment plans above do not apply. If we agree to pay you in United States Dollars (USD) we may agree to dispatch a check payment to you within thirty (30) days after receipt of your submission or credit your Account by way of a direct debit arrangement, to be determined in our sole and absolute discretion.
Payment in Foreign Currency. If, under any applicable law or regulation or pursuant to any judgement or order being made or registered against or the liquidation of the Borrower or without limitation for any reason, any payment under or in connection with any of the Finance Documents is made or is recovered in a currency (the "payment currency") other than the currency which such payment is expressed to be due or in connection with the Finance Documents (the "contractual currency"), then, to COMMOM TERMS AGREEMENT EXECUTION COPY the extent that amount of such payment actually received by the Lender (when converted into the contractual currency at the applicable rate of exchange on or about the date of payment) is less than the amount due and unpaid under the relevant Finance Documents, the Borrower shall as a separate and independent obligation, fully indemnify the Lender against the amount of the shortfall. For the purposes of this clause 8, the "applicable rate of exchange" means the rate at which the Lender is able on or about the date of such payment, to purchase the contractual currency, in accordance with its normal practice, with the payment currency and shall take into account (and the Borrower shall be liable for) any premium or other costs of exchange including any taxes incurred by reason of any such exchange.

Related to Payment in Foreign Currency

  • Payments in Foreign Currency Except as disclosed in Registration Statement, the Statutory Prospectus and the Prospectus, under current laws and regulations of the Cayman Islands and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Securities may be paid by the Company to the holder thereof in United States dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein. Any certificate signed by any officer or director of the Company and delivered to the Representative or counsel for the Underwriters in connection with the Offering shall be deemed a representation and warranty by the Company, as to matters covered thereby, to each Underwriter.

  • Foreign Currency The term “

  • Securities in a Foreign Currency Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York. If such Market Exchange Rate is not available for any reason with respect to such currency, the Company shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in The City of New York or in the country of issue of the currency in question or such other quotations as the Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations of the Company regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders. The Trustee shall have no duty to calculate or verify the calculations made pursuant to this Section 10.15.

  • SECURITIES IN FOREIGN CURRENCIES Section 1401. Applicability of Article. Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any series in which not all of such Securities are denominated in the same Currency or (ii) any distribution to Holders of Securities of any series in which not all of such Securities are denominated in the same Currency, in the absence of any provision to the contrary in or pursuant to this Indenture or the Securities of such series, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action, determination or distribution as that amount of Dollars that could be obtained for such amount on such reasonable basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination or distribution (or, if there shall be no applicable record date, such other date reasonably proximate to the date of such distribution) as the Company may specify in a written notice to the Trustee.

  • Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, we and Mastercard International or VISA International, depending on which card is used, will convert the transaction into a U.S. dollar amount. Mastercard and VISA will act in accordance with their operating regulations or conversion procedures in effect at the time the transaction is processed. Currently, their regulations and procedures provide that the currency conversion rate they use, to determine the transaction amount in U.S. dollar, is either (a) a wholesale market rate, or (b) a government-mandated rate in effect one day prior to the processing date. Mastercard and VISA increase this conversion rate by one percent (1%) and keep this increase as compensation for performing the currency conversion service. We will charge you two percent (2%) of the U.S. dollar amount of the transaction converted from a foreign currency. The currency conversion rate calculated in this manner that is in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Other Charges. You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate. The following fees may be added, as applicable, to the Account and treated as a Purchase as indicated on the Insert:

  • Alternative Currencies (a) The Borrower may from time to time request that LIBO Rate Revolving Loans be made and/or Letters of Credit be issued in a currency other than Dollars; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of LIBO Rate Revolving Loans, such request shall be subject to the approval of the Revolving Lenders of the applicable Class that will provide such Loans, and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the applicable Issuing Banks, in each case as set forth in Section 9.02(b)(ii)(E). (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., ten Business Days prior to the requested date of the making of such Revolving Loan or issuance of such Letter of Credit (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable Issuing Banks, in its or their sole discretion). In the case of any such request pertaining to LIBO Rate Revolving Loans, the Administrative Agent shall promptly notify each Revolving Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the applicable Issuings Bank thereof. Each applicable Revolving Lender (in the case of any such request pertaining to LIBO Rate Revolving Loans) or each applicable Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., five Business Days after receipt of such request whether it consents, in its sole discretion, to the making of LIBO Rate Revolving Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. (c) Any failure by a Revolving Lender or Issuing Bank, as the case may be, to respond to such request within the time period specified in the preceding paragraph shall be deemed to be a refusal by such Revolving Lender or Issuing Bank, as the case may be, to permit LIBO Rate Revolving Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the applicable Revolving Lenders consent to making LIBO Rate Revolving Loans or issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and the Borrower and the Revolving Lenders shall amend this Agreement and the other Loan Documents as necessary to accommodate such Borrowings and/or Letters of Credit (as applicable), in accordance with Section 9.02(b)(ii)(E). If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.10, the Administrative Agent shall promptly so notify the Borrower.

  • Foreign Currency Exchange Unless the Depositor shall otherwise direct, whenever funds are received by the Trustee in foreign currency, upon the receipt thereof or, if such funds are to be received in respect of a sale of Securities, concurrently with the contract of the sale for the Security (in the latter case the foreign exchange contract to have a settlement date coincident with the relevant contract of sale for the Security), the Trustee shall enter into a foreign exchange contract for the conversion of such funds to U.S. dollars pursuant to the instruction of the Depositor. The Trustee shall have no liability for any loss or depreciation resulting from action taken pursuant to such instruction." BB. Article IV of the Standard Terms and Conditions of Trust is hereby replaced with the following:

  • Base Currency For the purposes of any calculation hereunder, we may convert amounts denominated in any other currency into the Base Currency at such rate prevailing at the time of the calculation as we shall reasonably select.

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • Optional Currencies 25 8. Repayment....................................................... 29 9.

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