The Exchange Rate Sample Clauses
The Exchange Rate clause defines how currency conversions are handled within the agreement. It specifies the method or source for determining the applicable exchange rate when payments or calculations must be made in different currencies, such as referencing a particular bank's published rate on a specific date. This clause ensures both parties have a clear and consistent basis for currency conversions, reducing the risk of disputes over fluctuating rates and providing predictability in cross-border transactions.
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The Exchange Rate. The Administrative Agent shall determine the applicable Exchange Rate as of each Revaluation Date to be used for calculating the Dollar Equivalent amount of Letters of Credit that are denominated in Euros or Canadian Dollars. Such Exchange Rate shall become effective as of such Revaluation Date and shall be the Exchange Rate employed in converting any amount between Euros and Dollars or Canadian Dollars and Dollars until the next occurring Revaluation Date.
The Exchange Rate. The Price Per Share, pre-money valuation, Minimum Round Amount and the Maximum Round Amount were determined for purpose of this Agreement in NIS based on the $/NIS exchange Rate as of April 28, 2021 (3.25 NIS per 1 USD) (the "Exchange Rate"). In case of a change of more than 10% between the Exchange Rate and the $/NIS exchange rate as of the Closing, the Company shall have the right to change the NIS amount of the Price Per Share, its pre-money valuation, the Minimum Round Amount and the Maximum Round Amount, so that such numbers and amounts shall reflect the actual $/NIS exchange rate as of the Closing date. If any Investor transfer its portion of the Investment Amount to the Company in US dollar, such investment shall be converted for purpose of determining the Price Per Share of the Issued Shares in NIS based on the Exchange Rate.