Currency Adjustment Sample Clauses

Currency Adjustment. The parties hereto will use their reasonable best efforts to arrange a back-to-back currency conversion to reduce or eliminate to the extent possible any foreign exchange risks relating to the conversion of Nextel's payment to Gotesco from U.S. Dollars to Pesos and the conversion by Gotesco of such amount from Pesos to U.S. Dollars. If the parties are unable to arrange such a back-to-back conversion, then within one day after the receipt of the Peso payment by Gotesco from Nextel, Gotesco shall convert the Purchase Price into U.S. Dollars at the most favorable rate reasonably obtainable by Gotesco. If the sum of (a) the U.S. Dollar amount so received by Gotesco and (b) the U.S. Dollar amount received by Gotesco upon conversion of the Philippine Peso amount paid by Nextel for the Initial Advances (together, the "Dollar Amount") is less than U.S.$5,428,721.88 as the result of a decline in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Nextel shall make an adjustment payment to Gotesco, payable in U.S. Dollars, equal to the difference between 75% of U.S.$5,428,721.88 and 75% of the Dollar Amount. If the Dollar Amount is greater than U.S.$5,428,721.88 as the result of an appreciation in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Gotesco shall make an adjustment payment to Nextel, payable in U.S. Dollars, equal to the difference between 75% of the Dollar Amount and 75% of U.S.$5,428,721.88. This adjustment mechanism shall not apply if Gotesco shall not have converted the Purchase Price to U.S. Dollars one day after its receipt of payment from Nextel.
Sample 1
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Currency Adjustment. (i) The price related to Batches and the incremental price of additional vials of Labelled Drug to be supplied, Facilities Engineering Fee, Readiness Payments and Cancellation Fees may be currency exchange adjusted by Nordion on January 1 of each year, starting [...***...] if the CRE is lower than the BRE by more than [...***...]. The applicable currency exchange adjusted $US Price shall be that amount by which the CRE is lower than the BRE in excess of [...***...] and shall be calculated as follows: Price ($US) X [...***...] = Exchange Adjusted $US price
Sample 1
Currency Adjustment. The parties hereto will use their reasonable best efforts to arrange a back-to-back currency conversion to reduce or eliminate to the extent possible any foreign exchange risks relating to the conversion of Nextel's payment to Foodcamp from U.S. Dollars to Pesos and the conversion by Foodcamp of such amount from Pesos to U.S.
Sample 1
Currency Adjustment. The Debentures shall contain provisions that provide that in the event the Euro strengthens against the U.S. Dollar during the life of the Debentures, the Buyer shall be afforded an adjustment to compensate for any such movement in either conversions or redemptions.
Sample 1
Currency Adjustment. If, on any day during the term of this Agreement, a Lender determines that as a result of a change in the exchange rate of the currency against another currency or for any other reason, the Borrowings under a Credit Facility would exceed the Commitment in respect of such Credit Facility (or such applicable lesser amount if a portion thereof has been cancelled, reduced or terminated pursuant to the terms of this Agreement), as determined by the relevant Lender on such day, the Borrower shall forthwith, upon demand by the said Lender, repay and retire the Borrowings under the relevant Credit Facility to the extent of the amount of such excess (subject to the provisions of Section 13.2).
Sample 1
Currency Adjustment. The parties hereto will use their reasonable best efforts to arrange a back-to-back currency conversion to reduce or eliminate to the extent possible any foreign exchange risks relating to the conversion of Nextel's payment to Jetcom from U.S. Dollars to Pesos and the conversion by Jetcom of such amount from Pesos to U.S. Dollars. If the parties are unable to arrange such a back-to-back conversion, then within one day after the receipt of the Peso payment by Jetcom from Nextel, Jetcom shall convert the Purchase Price into U.S. Dollars at the most favorable rate reasonably obtainable by Jetcom. If the U.S. Dollar amount so received by Jetcom is less than U.S.$31,089,620.31 as the result of a decline in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Nextel shall make an adjustment payment to Jetcom, payable in U.S. Dollars, equal to the difference between U.S.$31,089,620.31 and the U.S. Dollar amount actually received by Jetcom. If the U.S. Dollar amount so received by Jetcom is greater than U.S.$31,089,620.31 as the result of an appreciation in the U.S. Dollar - Peso exchange rate of more than one Peso from the actual exchange rate received by Nextel upon conversion of the Purchase Price to Pesos, Jetcom shall make an adjustment payment to Nextel, payable in U.S. Dollars, equal to the difference between the U.S. Dollar amount actually received by Jetcom and U.S.$31,089,620.31. This adjustment
Sample 1
Currency Adjustment. To the fullest extent permitted by applicable law, the obligations of the Borrower in respect to any sum due in U.S. Currency under this A&R Note shall, notwithstanding payment of said amount in the U.S. Currency, be discharged only to the extent that on the Business Day following receipt by Lender of any sum so due in the U.S. Currency, Lender may in accordance with its normal banking procedures purchase Israeli Currency in an amount equal to the amount due to Lender in the Israeli Currency pursuant to the terms of the Deed of Trust. Lender shall purchase the Israeli Currency at the offered or prevailing exchange rate of a financial institution of its choosing but shall have no obligation to ensure that it is obtaining the most favorable rate available. If the amount of the Israeli Currency so purchased is less than the sum due to Lender in the Israeli Currency as set forth in the Deed of Trust (the “
Sample 1
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Currency Adjustment. If the average for the Dow Xxxxx USD worldwide currency index (DXY) moves more than an established band of +/-3% (“the currency band”) from the date of this Amendment, then the target will be adjusted by the percentage change in the average value of the DXY in fiscal year 2020 versus the DXY at the date of this Amendment. The Option shall in all events terminate on October 20, 2027 or such earlier date as prescribed herein.
Sample 1
Currency Adjustment. 3.1. The amount expressed in Brazilian currency, which corresponds to the amount in foreign currency mentioned in the main section of Clause I, shall be adjusted upon granting of the funds, pursuant to the sale exchange rate in connection with real, as per item 1.1.1 above. CLAUSE IV
Sample 1

Related to Currency Adjustment

  • Interest Rate Adjustment The interest rate payable on the Notes shall be subject to adjustments from time to time if either Xxxxx’x Investors Service, Inc., or any successor thereto (“Moody’s”) or Standard & Poor’s Ratings Services, a division of XxXxxx-Xxxx, Inc., or any successor thereto (“S&P”) downgrades (or subsequently upgrades) the debt rating assigned to the Notes, as set forth below. If the rating from Moody’s of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the date of their issuance (the “Original Interest Rate”) by the percentage set forth opposite that rating: Rating Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % If the rating from S&P of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the Original Interest Rate by the percentage set forth opposite that rating: Rating Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % Notwithstanding the foregoing, if at any time the interest rate on the Notes has been adjusted upward and either Moody’s or S&P, as the case may be, subsequently increases its rating of the Notes to any of the threshold ratings set forth in the tables above, the interest rate on the Notes shall be decreased such that the interest rate for the Notes equals the Original Interest Rate plus the percentages set forth opposite the ratings from the tables above in effect immediately following the increase. If Moody’s subsequently increases its rating of the Notes to Baa3 or higher and S&P increases its rating to BBB- or higher the interest rate on the Notes shall be decreased to the Original Interest Rate. Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action of Moody’s or S&P, shall be made independent of any and all other adjustments. In no event shall (1) the interest rate for the Notes be reduced to below the Original Interest Rate or (2) the total increase in the interest rate on the Notes exceed 2.00% above the Original Interest Rate. If either Moody’s or S&P ceases to provide a rating of the Notes, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by the agency continuing to provide the rating shall be twice the percentage set forth in the applicable table above. No adjustments in the interest rate of the Notes shall be made solely as a result of either Moody’s or S&P ceasing to provide a rating. If both Moody’s and S&P cease to provide a rating of the Notes, the interest rate on the Notes shall increase to, or remain at, as the case may be, 2.00% above the Original Interest Rate. Any interest rate increase or decrease described above shall take effect from the first day of the interest period during which a rating change requires an adjustment in the interest rate. The interest rate on the Notes shall permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) and, if applicable, shall be decreased to the Original Interest Rate, if the Notes become rated Baa2 and BBB or higher by Moody’s and S&P, respectively (or one of these ratings if only rated by one rating agency), with a stable or positive outlook by each of the rating agencies.

  • Rate Adjustment (a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of his regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months he will be paid an adjusted rate which will be midway between the rate of his regular job at the time of the setback and the rate of his new regular job. At the end of this 6-month period the rate of his new regular job will apply. However, such employee will have the option of terminating his employment and accepting severance pay as outlined in Section 5 below, providing he exercises this option within the above-referred-to 6-month period.

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the Committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the BOR President, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Rate Adjustments 1. Taxes applicable to the gas delivered to Buyer hereunder as are in effect on January 1st immediately preceding the effective date of these terms and conditions shall be added to Buyer's xxxx. The term "tax" as used herein shall mean any tax, license fee, or charge applicable to the gas delivered hereunder, imposed on Seller by any governmental authority on such gas. If the existing rate of any such tax in effect on January 1st, immediately preceding the effective date of these terms and conditions, be hereafter increased or decreased, or if any tax heretofore in effect or hereafter be imposed or repealed, the resulting increase or decrease in such taxes, computed on a cents per dekatherm basis, shall be reflected, as the case may be, on Buyer's xxxx.

  • Pricing Adjustments a. In the event an adjustment is made to the computation of the net asset value of Fund shares as reported to Insurance Company under paragraph 7, (1) the correction will be handled in a manner consistent with SEC guidelines and the Investment Company Act of 1940, as amended and (2) the Funds or Transfer Agent shall notify Insurance Company as soon as practicable after discovering the need for any such adjustment. Notification may be made in the following manner: Method of Communication

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • Upward Adjustments The Purchase Price shall be adjusted upward by the following:

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto.

  • Audit Adjustment If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, Owner or Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be. If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, Manager shall bear the cost of such audit.

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