Currency of Transactions Sample Clauses

Currency of Transactions. Retail Repurchase Agreements may be supported by underlying securities that are denominated in Jamaican Dollars or United States Dollars or such other foreign currency as JMMB may offer from time to time. Where the underlying securities are denominated in a foreign currency, the Repurchase Price that will be payable by JMMB to the client will be in the underlying currency, and as such the client will not bear currency risk. Associated Risks Entering into a Retail Repurchase Agreement may involve a number a risks including the following: • Market Risk – the underlying securities may come from a crosssection of markets. The prices or values of the securities are determined by market forces. Each market has its own characteristics and risks. Any assessment of future value of the securities should not be based solely on historical performance as the current value may bear little or no relation to the historical price or value of the securities. • Credit Risk – the creditworthiness of the issuer, whether actual or perceived, including actual or anticipated upgrades or downgrades by credit agencies may affect the value of the purchased securities. • Inflation Risk – this will occur when there is a general increase in prices and fall in the purchasing value of money. Inflation risk may exist in that the returns to your investment may not be sufficiently higher than inflation to allow you to meet your financial goals. • Liquidity Risk – this is the risk that JMMB as seller may not be able to pay the repurchase price in a timely manner. • Legal Risk – there is no guarantee that in the event of insolvency the courts will treat the transaction as a sale and repurchase and not a secured loan. This is so because JMMB may retain the rewards (coupon payments) and risks (credit risks) during the life of the Retail Repurchase Agreement. Fees, Charges and Penalties Various fees and expenses such as establishment fees, contribution fees, withdrawal fees, service fees and termination fees may apply to Retail Repurchase Agreements. These fees and costs may affect the amount of monies paid to the client when the securities are repurchased. Also, under Retail Repurchase Agreements there are various penalties and associated fees if various covenants of the agreement are broken by the client, including an early redemption to which clause 3(7) of JMMB’s client Contract will apply. Fees, costs and potential penalties will be posted on xxx.xxxx.xxx.
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Currency of Transactions. Azimo will display the Supported Currencies (via the Papaya Platform or any other manner Azimo elects). If Company sends a Pay Out instruction for processing in a non-Supported Currency, if possible, Azimo will convert the non-Supported Currency into one of the Supported Currencies at the applicable currency exchange rates. Company’s Virtual Account will be debited by the amount reflecting the currency conversion and any administrative costs Azimo incurred in connection with the conversion.
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Currency of Transactions. The Merchant hereby agrees that all Card Transactions must be processed in the currency in which each transaction was consummated by the Cardholder. Transactions processed in United States Currency or any other currency must not be converted to Jamaican Currency or any other currency.
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Currency of Transactions. All Transactions shall be conducted in United States dollars, unless otherwise agreed by the Bank.
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Currency of Transactions. Where the Pay In funds and Pay Out currency are different from those published on the Platform, we may apply a transaction fee and foreign exchange rate at our sole discretion.
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Related to Currency of Transactions

  • Settlement of Transactions 1. The Company shall proceed to a settlement of all transactions upon execution of such transactions.

  • Types of Transactions Purchases You may make purchases of goods and services with your account. You may make such purchases up to the amount of your available credit limit.

  • Frequency of Transfers We do not limit the number of funds transfers you may make; however, you may not make funds transfers in excess of the number of funds transfers allowed by the rules governing the applicable Accounts. We may from time to time for security and risk management reasons modify the limit, the frequency and the dollar amount of transfers you can make using our Service.

  • BANK’S RECORD OF TRANSACTIONS The Bank’s record of transactions in respect of and in connection with the use and operation of TBS is conclusive and binding on the Account Holder for all purposes whatsoever save for any manifest error or clerical error but nothing herein shall preclude the Bank from rectifying at any time any error, irregularity or omission therein.

  • Authorization of Transaction The Buyer has full power and authority (including full corporate power and authority) to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of the Buyer, enforceable in accordance with its terms and conditions.

  • Limitations on Frequency and Dollar Amounts of Transactions We impose certain limitations on the number or dollar amount of transactions you can make with your Card. Detailed at the end of this Agreement is a table of limitations that apply to the Card. For security reasons, we may further limit the number or dollar amount of transactions you can make with your Card. We may increase or decrease these limits from time to time in our sole discretion and, to the extent permitted by applicable law, without prior notice to you.

  • Other Types of Traffic 8.1 Notwithstanding any other provision of this Agreement or any Tariff: (a) the Parties’ rights and obligations with respect to any intercarrier compensation that may be due in connection with their exchange of Internet Traffic shall be governed by the terms of the FCC Internet Order and other applicable FCC orders and FCC Regulations; and, (b) a Party shall not be obligated to pay any intercarrier compensation for Internet Traffic that is in excess of the intercarrier compensation for Internet Traffic that such Party is required to pay under the FCC Internet Order and other applicable FCC orders and FCC Regulations.

  • Disposal of Transmitted Items Upon your receipt of a confirmation approval from Credit Union that we have received an image that you have transmitted, you agree to retain the check for at least 60 calendar days from the date of the image transmission. After 60 days, you agree to destroy the check that you transmitted as an image, mark it "VOID", or otherwise render it incapable of further transmission, deposit, or presentment. During the time the retained check is available, you agree to promptly provide it to Credit Union upon request.

  • Exchange of Traffic 66.2.1. The Parties may send each other Indirect Traffic.

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

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