Common use of Foreign Currency Items Clause in Contracts

Foreign Currency Items. With respect to item payable in foreign currency, Bank acts as collecting agent for Account ▇▇▇▇▇▇. Account Holder has the exchange rate risk. If any item drawn in a foreign currency is not paid to Bank in the same amount of U.S. dollars as Bank may have credited to the Account or paid to Account Holder, Account Holder shall pay Bank in U.S. dollars upon demand, the difference between the amount in