Restricted Currency definition

Restricted Currency. A currency which is or becomes subject to --------------------- moratorium, embargo, banking or exchange restrictions or restrictions against remittances, or which in the business judgment of Fox is commercially impracticable to remit.
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Restricted Currency defined as a currency subject to moratorium, embargo, banking or exchange restrictions, or restrictions against remittances, or which in the business judgment of Fox is commercially impracticable to remit. (13(b), 21(w) STAC) Under Mexico, if Territory restricted payment in USD, Fox to pay SPHE in local currency at local bank, at Fox’s cost, whereas under Spain, SPHE to bear such cost. Third Party Payments; Taxes Fox solely responsible for collecting and paying any and all taxes (including interest and penalties on any such amounts), payments or fees required to be paid to any third party (other than guild payments / profit participations) upon importation, licensing, rental, delivery of Videograms or materials, including all VAT, sales, use, consumption and similar taxes, and any payments due to any music performance society. Within thirty (30) days of a tax payment, deliver to SPHE original documentation or a certified copy evidencing such tax payment (“Withholding Tax Receipt”). In the event Fox does not provide a Withholding Tax Receipt, Xxx will be liable to and will reimburse SPHE for the withholding taxes deducted from license fees. (8.2 10.2 STAC) SPHE responsible for making guild payments and payments to profit participants. Fox to deduct from any payment to Sony, any tax or other withholding pursuant to applicable laws. Fox not liable for amount of such deductions because of the payment of such amount to a third party (SPHE to prosecute any claim directly with such third party). (9 PTAC; 13(c) STAC) Under Mexico, if Fox withholds amounts to pay to taxing authority, it must deliver a Withholding Tax Receipt. No such requirement in Spain. Also, Mexico expressly requires Fox to make payments to music performance societies, whereas Spain has no such express requirement. Cross-Collateralization Cross-Collateralization limited to the following: Minimum Marketing Spend cross-collateralized across all titles, formats, exploitation channels and windows. Returns Reserve cross-collateralized across all titles. (5.3, 10.3 PTAC) All proceeds from SPHE titles are cross-collateralized among all rights granted to Fox. (8(f) PTAC) Mexico allows cross-collateralization only with respect to the minimum marketing spend and returns reserve. Spain allows cross-collateralization with respect to any and all rights granted to Fox.
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Restricted Currency. A currency which is or becomes subject to --------------------- moratorium, embargo, banking or exchange restrictions, or restrictions against remittances, or which in the business judgment of Fox is commercially impracticable to remit.
Sample 1

Examples of Restricted Currency in a sentence

  • As to funds received in a foreign country which are not includable in Gross Receipts as a result of being in a Restricted Currency ("Restricted Proceeds"), Fox shall notify Participant of the amount of such funds on the appropriate Participation Statement.

  • The Restricted Currency Countries may be updated by Jabil from time to time with notice to Company.

  • This section is optional, and provides a space for entering additional provisions.

  • Annotated slides are available on this site as well.There are many other helpful histology websites and videos online.

  • The amount of Restricted Proceeds, if any, ------------ shall be reported on each Accounting Statement in the currency units of the Restricted Currency.

  • Monies received by a Fox Home Video Distributor in a Restricted Currency are not includable in Gross Receipts.

  • At the request of Licensor, the amount of Restricted Proceeds, if any, shall be reported on the next regularly scheduled Accounting Statement in the currency units of the Restricted Currency.

  • The payments associated with such hedging arrangements generally rank senior to payments on the Notes.Defaults, prepayments, trading and other events increase the risk of a mismatch between the foreign exchange hedges and Restricted Currency Collateral Debt Securities.

  • For the purchasers of the Senior Islamic MTNs who are non- residents as defined under the Exchange Control Act 1953, any payment for the purchase of the Senior Islamic MTNs must be made in foreign currency (other than a Restricted Currency) equivalent to the purchase price of the Senior Islamic MTNs or in Ringgit Malaysia drawn from an External Account (as defined under the Exchange Control Act 1953).

  • Financial Instruments: Restricted Currency ( ARS ) 202,200 Market comparables Implied foreign exchange rate 156.54 ARS/USD Decrease b All other ............


More Definitions of Restricted Currency

Restricted Currency means Swedish Krona or Swiss Francs.
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Related to Restricted Currency

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euros.

  • Denomination Currency has the meaning specified in Section 14(b).

  • First Currency has the meaning specified in Section 1.15.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Agreed Currencies means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Japanese Yen, (v) Canadian Dollars, (vi) Swiss Francs and (vii) any other currency (x) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars, (y) for which a LIBOR Screen Rate is available in the Administrative Agent’s reasonable determination and (z) that is reasonably acceptable to the Administrative Agent and each of the Revolving Lenders.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 12 January 2022.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Second Currency has the meaning specified in Section 14.19.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

  • Required Currency has the meaning specified in Section 1.16.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • LIBOR Quoted Currency means each of the following currencies: Dollars; Euro; Sterling; Yen; and Swiss Franc; in each case as long as there is a published LIBOR rate with respect thereto.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Termination Currency means United States Dollars.

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Primary Currency has the meaning specified in Section 9.11(c).