Fixed Exchange Rate Sample Clauses
A Fixed Exchange Rate clause establishes a predetermined currency conversion rate to be used for transactions or payments under the agreement. This means that, regardless of fluctuations in the foreign exchange market, the parties will use the specified rate when converting one currency to another for the purposes of fulfilling their contractual obligations. By locking in an exchange rate, this clause provides certainty and protects both parties from the risks associated with currency volatility, ensuring predictable costs and payments.
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Fixed Exchange Rate. Since January 1999, the Republic has maintained a fixed exchange rate of CFAF 655.957/€1. If domestic or international circumstances were to force the Republic to abandon its fixed exchange rate policy in the future, the cost of servicing the Republic’s external debt (including the Securities) could escalate sharply, possibly forcing the Republic into another round of debt restructuring.
Fixed Exchange Rate. If any items addressed in this agreement (including the Disclosure Schedules and exhibits) are denominated in Canadian dollars and settled or otherwise agreed to by the Parties after the Closing Date, then payments will be made, if in United States dollars, using the exchange rate for the Canadian dollar against the United States dollar as of the date hereof as reported in the Wall Street Journal.
Fixed Exchange Rate. The fixed exchange rate for the purpose of Clause 9.1 of this Agreement shall be 1,050 won to 1 US dollar.