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.
Appears in 7 contracts
Sources: Fronting and Administration Agreement, Quota Share Reinsurance Agreement (Trupanion Inc.), Fronting and Administration Agreement (Trupanion Inc.)