CNH Clause Samples
The CNH clause defines the use of Chinese offshore renminbi (CNH) as the designated currency for payments or settlements under the agreement. In practice, this means that all monetary transactions, such as payments, reimbursements, or valuations, are to be conducted in CNH rather than other currencies like USD or CNY. This clause is particularly relevant in cross-border contracts involving Chinese entities or assets, as it clarifies the currency to be used and helps avoid confusion or disputes over exchange rates and currency controls, thereby ensuring smooth financial operations.
CNH. Due to a variety of factors outside of CNHCGL's control, the secondary market pricing of CNHC, particularly on third-party platforms such as cryptocurrency exchange platforms, can fluctuate above or below one (1) CNH. CNHCGL cannot control how third parties value CNHC, and CNHCGL is not responsible for any losses or other issues that may result from fluctuations in the value of CNHC. address may have been entered incorrectly and the true owner of the address may never be discovered, (ii) you may not have (or subsequently lose) the private key associated with such address, (iii) an address may belong to an entity that will not return the CNHC, (iv) an address belongs to an entity that may return the CNHC but first requires action on your part, such as verification of your identity. For the avoidance of doubt, nothing in these Terms is intended to obligate CNHCGL to track, verify or determine the provenance of CNHC balances for Users, including any form of security interests claimed thereon. reserves could be subject to unexpected diminution in value or to governmental and regulatory freezes and seizure. (ii) no violation of these Terms, and (iii) no action, pending or otherwise, by a regulator, law enforcement or a court of competent jurisdiction that would restrict redemption. Sending CNHC to another address automatically transfers and assigns to that Holder, and any subsequent Holder, the right to redeem CNHC for CNH so long as the Holder is eligible to, and does, register a CNHC Account. could result in the CNHC in your CNHC Account becoming subject to a lien or other form of security interest before redemption, or subject to regulations or restrictions under AML and CTF laws of Hong Kong.
CNH. CNH is a joint venture between two leading construction companies in Singapore and is a strategic investor in the Project.
CNH. Due to a variety of factors outside of CNHCGL’s control, the secondary market pricing of CNHC, particularly on third-party platforms such as cryptocurrency exchange platforms, can fluctuate above or below one (1) CNH. CNHCGL cannot control how third parties value CNHC, and CNHCGL is not responsible for any losses or other issues that may result from fluctuations in the value of CNHC. operational or technical difficulties that may cause interruptions to the Platform Services. You understand that the Platform Services may experience operational issues that lead to delays, including delays in redeeming CNHC. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold CNHCGL accountable for any losses incurred in connection with the same.