Foreign Currencies Clause Examples

Foreign Currencies. (a) For purposes of this Agreement, references to the applicable outstanding amount of Loans, Revolving Credit Outstandings, Letters of Credit or L/C Obligations (including, without limitation, all Foreign Currency Loans and Foreign Currency Outstandings) shall be deemed to refer to the Dollar Amount thereof. (b) For purposes of this Agreement, the Dollar Amount of any Foreign Currency Loan or Letter of Credit denominated in a Foreign Currency shall be determined in accordance with the terms of this Agreement in respect of the most recent Revaluation Date. Such Dollar Amount shall become effective as of such Revaluation Date for such Foreign Currency Loan or such Letter of Credit and shall be the Dollar Amount employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur for such Foreign Currency Loan or Letter of Credit. (c) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Lender may, in consultation with Parent, from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. Each provision of this Agreement also shall be subject to such reasonable changes of construction as the Lender may, in consultation with Parent, from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. (d) Parent, on behalf of the Applicable Borrower, may from time to time request that LIBOR Rate Loans be made in a currency other than those specifically listed in the definition of “Foreign Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. Any such request shall be subject to the approval of the Lender. Any such request shall be made to the Lender not later than 11:00 a.m., twenty (20) Business Days prior to the date of the desired borrowing (or such other time or date as may be agreed by the Lender in its sole discretion). Any failure by the Lender to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by the Lender to permit LIBOR Rate Loans to be made in such requested currency. If the Lender consents to making LIBOR Rate Loans in such requested currency...

Foreign Currencies. Exchange rate fluctuations for international payments are constant and unavoidable. All refunds are processed in ▇▇ ▇▇▇▇▇ and will reflect the exchange rate in effect on the date of the refund. All refunds are subject to this fluctuation and Strat Hostess is not responsible for any change in exchange rates between the time of payment and the time of refund.

Foreign Currencies. Unless otherwise stated, all dollars specified in this Agreement and the Collateral Agreements shall be in U.S. dollars. All foreign currency shall be converted to U.S. dollar equivalents determined on the basis of the exchange rates published in The Wall Street Journal on the date three (3) days prior to the relevant Closing (or, if The Wall Street Journal is not published on such date, the next preceding date on which it is published).

Foreign Currencies. Notwithstanding anything to the contrary in this Agreement, for purposes of any determination under Article VI, Article VII (other than Section 7.09 or any financial ratio) or Article VIII with respect to the amount of any Debt, Liens, Affiliate transaction or other transaction, event or circumstance, or any determination under any other provision of this Agreement, (any of the foregoing, a “specified transaction”) in a currency other than Dollars, (i) the Dollar equivalent amount of a specified transaction in a currency other than Dollars shall be calculated based on the rate of exchange quoted by the Bloomberg Foreign Exchange Rates & World Currencies Page (or any successor page thereto, or in the event such rate does not appear on any Bloomberg Page, by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrowers) for such currency, as in effect at 11:00 a.m. (New York time) on the date of such specified transaction; provided, that if any Debt is incurred (and, if applicable, associated Lien granted) to refinance or replace other Debt denominated in a currency other than Dollar, and such refinancing or replacement would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing or replacement, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing or replacement Debt (and, if applicable, associated Lien granted) does not exceed an amount sufficient to repay the principal amount of such Debt being refinanced or replaced, except by an amount equal to unpaid accrued interest and premiums (including tender premiums) thereon plus other reasonable and customary fees and expenses (including upfront fees and original issue discount) incurred in connection with such refinancing or replacement, and (ii) for the avoidance of doubt, no Default or Event of Default shall be deemed to have occurred solely as a result of a change in the rates of currency exchange occurring after the time of any specified transaction so long as such specified transaction was permitted at the time incurred, made, acquired, committed, entered or declared as set forth in clause (i). For purposes of Section 7.09 and the calculation of compliance with any financial ratio or test for purposes of taking any action hereunder, on any ...

Foreign Currencies. Investments may be made from time to time in assets denominated in currencies other than the base currency of your portfolio. In this case, movements in currency rates of exchange can have an unfavourable as well as favourable effect on the value of your portfolio. You may instruct us to utilise hedging powers in respect of your portfolio for the purpose of mitigating the risk of fluctuations in foreign exchange rates.

Foreign Currencies. All financial data provided to, processed by, and reported by the Company under this Agreement shall be stated in United States dollars or currency. The Company shall have no obligation to convert to, equate, or deal in foreign currencies or values, and expressly assumes no liability for any currency conversion or equation computations relating to the affairs of the Fund.

Foreign Currencies. No restriction will be imposed on importation by the Contractor of the funds intended for the performance of the Petroleum Operations. The flow of incoming and outgoing funds (investment and dividends) shall comply with the laws of Suriname, including with the country’s monetary authorities.

Foreign Currencies. At any time prior to the Revolving Loan Termination Date, each Lender severally agrees, on terms and conditions to be set forth in an amendment to this Agreement, to make revolving loans to the Borrower in one or more foreign currencies in amounts not to exceed in the aggregate at any one time outstanding the equivalent amount of $50,000,000. Following such request, the Borrower, Agent and Lenders shall negotiate an amendment to this Agreement specifying (i) the applicable currency or currencies, (ii) setting forth the applicable interest rates, maturity dates and repayment and prepayment terms, (iii) providing for the calculation of all financial covenants and other monetary limitations in equivalent United States Dollars, and (iv) setting forth such other provisions as the Agent and the Required Lenders shall require.

Foreign Currencies. You can buy and sell foreign currencies with us or using our products in a number of ways. Depending upon how you buy or sell foreign currencies, the HSBC exchange rate will comprise any of the following: Transact in branch The real time exchange rate1. Use our online banking service The real time exchange rate1. Use our Markets Desk The real time exchange rate1. Use your Visa Debit card linked to an Everyday Global Account The HSBC daily rate, if there is an insufficient balance of the foreign currency in your account. The Visa exchange rate, if the currency is not a currency we offer on the Everyday Global Account (such as THB), or the currency is a restricted currency (such as CNY). We’ll deduct the amount from the AUD control account. Use your Visa Debit card with other accounts The Visa exchange rate. Use your Visa credit card The Visa exchange rate. Use your Mastercard credit card The amount will be first converted into US Dollars, and then to AUD using the Mastercard exchange rate. Make a transaction that’s rejected (e.g. a telegraphic transfer) The real time exchange rate that applies when we process the payment back to your account. Receive a foreign currency electronic payment and don’t have an account in that foreign currency The real time exchange rate that applies when we process the payment into your account. Where you instruct us to make a payment at a future date or where you pay a third party after currency cut-off times The HSBC daily rate. Deposit or write a foreign currency cheque/draft into an account of a different currency The HSBC daily rate, if the foreign currency cheque/draft amount is equivalent to $50,000 or less. The real time exchange rate, if the foreign currency cheque/draft is equivalent to more than $50,000. Where you use a foreign currency for anything else other than what’s mentioned above The HSBC daily rate. 1. The real time exchange rate won’t apply and the HSBC daily rate will apply when we process the payment if: (a) you instruct us to make a transaction at a future date; or (b) if you’re paying another person and it’s not a working day or if it’s a weekend or public holiday in the US or country of the currency; or (c) if you’re paying another person on a working day after the currency cut-off time. The HSBC daily rate is the rate advertised in our branches and is set once daily. It can be higher, lower or the same as the real time exchange rate. The real time exchange rate is the exchange rate in the market a few ...