Common use of Total Fee, Currency and payment Clause in Contracts

Total Fee, Currency and payment. 3.1.1 UNESCO shall pay the Contractor the sum of [insert currency]. All payments shall be made in the currency of the contract. UNESCO shall not make any payments which are due under this contract to anyone other than the contracting party hereto. Installments expressed in US$ and payable in another currency than US$ should be converted at the official UNESCO rate of exchange in force on the date of payment.

Total Fee, Currency and payment. 3.1.1 UNESCO shall pay the Contractor the sum of [insert currency]. All payments shall be made in the currency of the contract. UNESCO shall not make any payments which are due under this contract to anyone other than the contracting party hereto. Installments Instalments expressed in US$ and payable in another currency than US$ should be converted at the official UNESCO rate of exchange in force on the date of payment.