Currency Issues Sample Clauses
The Currency Issues clause defines how currency matters are handled within the agreement, specifying which currency will be used for payments, invoicing, and financial reporting. It may address scenarios involving currency conversion, fluctuations in exchange rates, or the use of multiple currencies in cross-border transactions. By establishing clear rules for currency usage, this clause helps prevent disputes and confusion related to payment amounts and ensures both parties understand their financial obligations regardless of currency changes.
Currency Issues. Royalties may be computed in the currency of the country where earned and shall be credited to Atari’s and/or Glu’s account (as applicable) in U.S. Dollars at the exchange rate received by the other party at the time of conversion. Each party shall be solely responsible for all costs of any currency conversion to U.S. Dollars for Royalties payable to the other party, and such costs shall not reduce the amounts due hereunder. In the event that a party is * Confidential treatment has been requested with respect to the information statement contained within the “[*]” marking. The marked portions have been omitted from this filing and filed separately with the Securities and Exchange Commission. prohibited or restricted from making payment of any moneys at the time when the same are due and payable to the other party hereunder by reason of the laws or currency regulations, such party shall promptly so advise the other party in writing, requesting such party to designate a Person (e.g., a bank, depository or otherwise) to remit payment.
Currency Issues. The open receivables list for the foreign subsidiaries will be maintained in each subsidiary's country's currency and all receivables paid shall be remitted in the currency in which the related receivable was denominated.
Currency Issues. (a) If, for the purpose of obtaining or enforcing judgment against any Company in any court in any jurisdiction, it becomes necessary to convert into any other currency (such currency being hereinafter in this SECTION 18.10 referred to as the "Judgment Currency") an amount due in Dollars under any Loan Document, the conversion shall be made at the rate of exchange specified by Agent as being the rate available to Agent on the Business Day immediately preceding (i) the date of actual payment of the amount due, in the case of any proceeding in the courts of any jurisdiction that will give effect to such conversion being made on such date, or (ii) the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this SECTION 18.10(a) being hereinafter in this SECTION 18.10 referred to as the "Judgment Conversion Date").
(b) If, in the case of any proceeding in the court of any jurisdiction referred to in SECTION 18.10(a), there is a change in the rate of exchange available to Agent between the Judgment Conversion Date and the date of actual receipt of the amount due in immediately available funds, the applicable Company shall pay such additional amount (if any, but in any event not a lesser amount) as may be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange specified by Agent as being the rate available to Agent on the date of payment, will produce the amount of Dollars, which could have been purchased with the amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of exchange on the Judgment Conversion Date.
Currency Issues. (a) The financial statements and books of accounts of LONDON MINING shall be stated, maintained and expressed in United States Dollars;
(b) All capital expenditure incurred by LONDON MINING shall be stated, maintained and/or expressed in United States Dollars;
Currency Issues. All payments to be made with reference to a Letter of Credit and the LC Obligations payable in connection therewith shall be made in the currency in which Borrowings may be made to such LC Borrower under the Revolver Commitments, whether such payments are made by LC Borrowers to the Applicable Issuing Bank, by LC Borrowers to an Agent, by LC Borrowers to Indemnitees, by Lenders participating in the LC Obligations to an Applicable Agent or Issuing Bank Indemnitees or by an Applicable Agent to Lenders participating in the LC Obligations or by any other Person as provided in this Section 2.3.