Currency of Award. The arbitral award shall be made and payable in United States dollars, free of any tax or other deduction.
Currency of Award. The arbitral award shall be made and payable in United States Dollars.
Currency of Award. Just as international oil companies frequently want to be paid in dollars, euros, pounds, or yen for their services or their share of oil and gas production, they presumably also want an arbitral award to be paid in that currency rather than in the local currency of the place of production or the seat of arbitration. Unless dealt with elsewhere in the international petroleum agreement, inclusion in the arbitration provision of a clause regarding the currency of the award is advisable. The Model DR Agreement thus includes optional clause IV.D.2 that allows the parties to designate the currency of the arbitration award. The clause further serves to emphasize that payment on an award shall not be reduced to take into account taxes or other deductions.
Currency of Award. The arbitral award shall be made and payable in Australian dollars, free of any tax or other deduction.
Currency of Award. The arbitral award shall be made and payable in Canadian Dollars, free of any tax or other deduction.
Currency of Award. The arbitral award shall be made and payable in USD, free of any tax or other deduction. (o)
Currency of Award. The official currency for this agreement is US Dollars (USD). All transaction amounts shall be stated in USD in all correspondence pursuant to this agreement. Monetary transactions in a currency other than the official currency shall be stated in the actual currency of the transaction with the value converted to official currency and documenting the conversion rate used. At the Subrecipient’s request, Internews may transfer funds to the Subrecipient in a currency other than the official currency.
