CURRENCY CLAUSE Clause Samples
A currency clause specifies the type of currency in which payments under a contract must be made. It typically identifies whether payments are to be made in local or foreign currency and may address how currency fluctuations or exchange rates are handled during the contract term. By clearly defining the payment currency, this clause helps prevent disputes over currency conversion, protects parties from exchange rate risks, and ensures clarity in financial transactions.
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CURRENCY CLAUSE. All limits of insurance, premiums and other amounts as expressed in this policy are in Canadian currency, unless otherwise stated.
CURRENCY CLAUSE. For the purpose of this Agreement all currencies are expressed in Canadian dollars. Any losses involving other than Canadian currency shall be converted into Canadian currency at the rates of exchange used in the Reinsured’s books, or where there is a specific remittance for a loss settlement, at the rates of exchange used in making such remittance.
CURRENCY CLAUSE. All transactions with respect to this Agreement will be in United States dollars. Any reference to "dollars" or "$" in this Agreement and all schedules and exhibits attached hereto shall be interpreted as referring to United States currency.
CURRENCY CLAUSE. All Limits of Liability and amounts of insurance in the Declarations are in Canadian currency.
CURRENCY CLAUSE. If the exchange rate between the currency agreed upon in the contract and the Euro deviates by more than 5% from the exchange rate of the day when the contract was con- cluded, the due amount shall be corrected in such a way that we do not suffer any damage from the changes of the currency pari- ties. Terms of sale and delivery - 02/2022
CURRENCY CLAUSE. All limits, premiums and deductibles are expressed in Canadian currency Worldwide
CURRENCY CLAUSE a) At the start of the contractual term an exchange rate of *** is established. Over the rest of the contractual term the $/€ exchange rate will be set by the Seller each quarter in accordance with the published offered rate on each of the relevant dates fixed below, beginning with 15th November 2006 with effect for the following quarter from January to March (then 15.02. for April to June, 15.05. for July to September, 15.08. for October to December), always at 12.00 midday. This rule shall remain in force until the completion of the Contract. The first price adjustment shall be made on 15th November 2006 for the first quarter of 2007.
b) The payments arising out of the Contract to be made by the Customer shall be reduced or increased in such a way that the amount invoiced each time correspond to the €-equivalent amount resulting from the foreign currency debt established on the relevant day (4.a)) for the relevant quarter.
c) As variations in the silicon cost shall be accounted in the solar cell prices at a maximum of *** of the silicon price variation, the influence of the currency variation shall be limited to ***. *** is the maximum impact of the currency impact over the term of this Contract. ***. In the event parties cannot agree, variation influence will be limited to ***.
CURRENCY CLAUSE. In the case of an exchange rate fluctuation of more than 2% between the currency agreed upon in the contract and the Euro since the date of conclusion of the contract, the due amount shall be accordingly adjusted to ensure that we do not sustain a loss.
CURRENCY CLAUSE. 3.1 Prices quoted in SEK shall be paid in SEK.
3.2 If prices are quoted in another currency than SEK, the quotation will set out the base exchange rate to be applied. If the actual exchange rate on the invoice date differs more than +/- one (1) per cent compared to the base exchange rate, correction will be made for the entire deviation in the invoice.
3.3 Nordea’s exchange rates as published on the bank’s web page are used as INVEX’ conversion rate.
CURRENCY CLAUSE. If any sum (a "SUM") owing by the Mortgagor under this Memorandum or any order or judgment given or made in relation to this Memorandum has to be converted from the currency (the "FIRST CURRENCY") in which such Sum is payable into another currency (the "SECOND CURRENCY") for the purpose of:
(a) making or filing a claim or proof against the Mortgagor;
(b) obtaining an order or judgment in any court or other tribunal;
(c) enforcing any order or judgment given or made in relation to this Memorandum; or
(d) applying the Sum in satisfaction of any of the Secured Obligations, the Mortgagor shall indemnify the Trustee from and against any loss suffered or incurred as a result of any discrepancy between (a) the rate of exchange used for such purpose to convert such Sum from the First Currency into the Second Currency and (b) the rate or rates of exchange available to the Trustee at the time of such receipt of such Sum.