Exchange Differential Clause Samples
The Exchange Differential clause defines how differences in currency exchange rates are handled between parties in a contract. Typically, it specifies which party bears the risk of fluctuations in exchange rates when payments are made in a foreign currency, and may outline the method for calculating any adjustments due to these changes. This clause is essential for ensuring that neither party is unfairly disadvantaged by currency value shifts, thereby allocating financial risk and providing clarity in international transactions.
Exchange Differential. For each Gallon of NGLs delivered to Processor, Customer shall pay Processor an exchange differential (“Base Exchange Differential”) as set forth below and as adjusted pursuant to Subsection 3.6.B below: Location “A”, MAPCO/K▇▇▇ J▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ All C3+, E/P $ (**) * Location “B”, Enterprise, Mont Belvieu, TX; or Dynegy, Mont Belvieu, TX. All E/P $ (**) Location “C”, K▇▇▇▇▇ ▇▇▇▇▇▇/K▇▇▇ Junction, Reno County, Kansas All E/P, C3+ $ (**) * Location “D”, Texaco Delivery Point, Conway, Kansas All IC4 & C5 $ (**) * * Each applicable Base Exchange Differential shall be increased by $0.007 per Gallon after the Primary Term, such increase to be applicable during and after the Option Term, if applicable.
A. In addition to any other fees and charges due hereunder, the parties agree that if any third party charges a fee for receiving Products (whether in connecting pipelines or in storage facilities), Customer shall pay such charges either by: i) reimbursing Processor therefor, or ii) paying such charges directly to such third party; with i) or ii) being at Processor’s option.
Exchange Differential. For each Gallon of NGLs delivered to Processor, Customer shall pay Processor an exchange differential (“Base Exchange Differential”), of (i) [***] per Gallon for ethane, and (ii) [***] per Gallon for Propane Plus, each as adjusted pursuant to Subsection 3.6.B below. Such Base Exchange Differential (as adjusted) shall be charged Customer by Processor upon receipt of NGLs at the Delivery Points.” For avoidance of doubt, the Base Exchange Differential set forth in Section 3.6 of the Agreement (as the same is currently in effect under the Original Agreement, is hereby amended as of July 1, 2015, and may be further amended from time to time) applies only to the Base Estimated Production (as defined in this Amendment). The Base Exchange Differential that shall apply to the Additional Volume (as defined in this Amendment) shall be as set forth in Section 3.B. of this Amendment.
Exchange Differential. For each Gallon of NGLs delivered to Processor, Customer shall pay Processor an exchange differential (“Base Exchange Differential”) as set forth below and as adjusted pursuant to Subsection 3.6.B below: (**) * Each applicable Base Exchange Differential shall be increased by (**) per Gallon after the Primary Term, such increase to be applicable during and after the Option Term, if applicable.
A. In addition to any other fees and charges due hereunder, the parties agree that if any third party charges a fee for receiving Products (whether in connecting pipelines or in storage facilities), Customer shall pay such charges either by: i) reimbursing Processor therefor, or ii) paying such charges directly to such third party; with i) or ii) being at Processor’s option.
Exchange Differential. Effective as of July 1, 2015, and applying prospectively thereafter, the unlettered paragraph at the beginning of Section 3.6 (including the chart and footnote thereto denoted by an asterisk) is hereby deleted in its entirety and replaced with the following: