Currency Management Clause Samples
The Currency Management clause establishes the rules and procedures for handling different currencies in contractual transactions. It typically specifies which currency will be used for payments, how currency conversions are calculated, and who bears the risk of exchange rate fluctuations. This clause ensures clarity and consistency in financial dealings, preventing disputes over currency values and protecting parties from unexpected losses due to currency volatility.
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Currency Management. All invoices and amounts to be paid under this Agreement shall be in US currency.
Currency Management. The currency or currencies to be used for invoicing and payment of the Compensation under this Agreement shall be the currency or currencies as stated in the Order (the “Contracted Currency”). If the performance of Services by Provider will take place in more than one country and in which different currencies are used, Company may elect to have a different Contracted Currency for each such country, which may be (i) the local currency for such country, (ii) the United States Dollar, or (iii) the Euro. No currency reconciliations shall be applied to any Contracted Currency.
Currency Management. The General Partner may undertake the Activity segregating for currency, investing Canadian dollars in Canadian investments and US dollars in US investments to allow payment to Limited Partners in the currency they subscribe.
Currency Management. For service fees, the bid currencies will be tracked and managed against the contract currency established in each Work Order. At the end of each calendar quarter, a currency review may occur to assess the impact of currency fluctuation by comparing the actual average exchange rate(s) [***] to the currency exchange rate(s) set out in the Work Order If the actual average exchange rate differs (up or down) by more than [***] from the currency exchange rate(s) in the applicable Work Order, WCT will apply this percent difference against the amounts invoiced for fees [***]. Such currency exchange rate adjustment will be added (currency loss) or subtracted (currency gain) against the next invoice issued to Sponsor. If more than one bid currency is being tracked, the currency fluctuation review will compare [***] set out in the applicable Work Order.
Currency Management. The Parties agree that neither should receive a material benefit or detriment from currency exchange rate fluctuation between the currencies in which costs are incurred, and the currencies used for pricing or invoicing and payment.
Currency Management. Unless otherwise specified in an applicable Statement of Work, all dollar ($) amounts payable under this Agreement are in United States Dollars and all invoices will be issued and are due in United States Dollars. All amounts will be subject to relevant currency exchange rates versus United States Dollars as of the date that the Statement of Work is fully executed. Historical exchange rates for the relevant Statement of Work execution date available from ▇▇▇▇▇.▇▇▇ shall be the source referenced for such exchange rates. Unless otherwise specified in an applicable Statement of Work, all invoiced amounts in foreign currency presented to Blueprint will be converted to United States Dollars.
Currency Management. For service fees, the bid currencies will be tracked and managed against the contract currency established in each Work Order. At the end of each calendar quarter, a currency review may occur to assess the impact of currency fluctuation by comparing the actual average exchange rate(s) as published by ▇▇▇▇▇▇▇.▇▇▇ (historical currency converter; average exchange rate with the basis the MID between the bid and the ask rate) to the currency exchange rate(s) set out in the Work Order If the actual average exchange rate differs (up or down) by more than 2% from the currency exchange rate(s) in the applicable Work Order, Worldwide will apply this percent difference against the amounts invoiced for fees since the last review was carried out. Such currency exchange rate adjustment will be credited (or debited) against the next invoice issued to Sponsor. If more than one bid currency is being tracked, the currency fluctuation review will compare the weighted average actual exchange rate to the weighted average exchange rate set out in the applicable Work Order.
Currency Management. The Parties agree that neither should receive a material benefit or detriment from currency exchange rate fluctuation between the currencies in which costs are incurred, and the currencies for pricing or invoicing and payment.
a. Fees for Services. Sponsor acknowledges that, due to fluctuations in currency exchange rates, PRA’s actual fees may be greater or lesser than the budgeted amounts contained in a Task Order. If the fees for Services in currencies other than the currency used in the Budget for Services exceed $[**] PRA may calculate a foreign currency exchange adjustment.
Currency Management