Local Currency Adjustment Sample Clauses

Local Currency Adjustment. The total portion of the amounts payable to Vendor hereunder which are specified as due and payable in Local Currency shall be indexed to the Inflacion index as published by the Bank of Guatemala , or the equivalent if such index is not available (the "NCPI"). If, on the first day of any calendar year during the term of this Agreement, the NCPI for the calendar month immediately -- Panamco / EDS Confidential -- preceding such day (the "NCPI Current Index") is higher than the NCPI (i) one year prior thereto, or (ii) in the event Vendor has made an immediate adjustment during such year as described below, the date of such adjustment (as applicable, the "NCPI Base Index"); then, effective as of the first day of such calendar year, all amounts specified in this Agreement as due from Customer to Vendor in Local Currency, as previously adjusted pursuant to this Section, shall be increased by the percentage that the NCPI Current Index increased from the NCPI Base Index. If at any time during a calendar year the NCPI Current Index increases by ten percent (10%) or more over the NCPI Base Index, then by notice to Customer, Vendor may immediately increase the portion of the amount payable to Vendor in Local Currency under this Agreement by such percentage, without waiting until the first day of the next calendar year. For purposes of clarity, it is acknowledged that the intent of the parties is that any such amounts payable by Customer to Vendor in Local Currency will be modified periodically as appropriate in accordance with this paragraph, applying any such changes in the NCPI for the appropriate period to the pricing for this Agreement, as such pricing may have been previously modified pursuant to this paragraph, so that such adjustments have cumulative effect with respect to all changes in the NCPI from the Commencement Date through termination of this Agreement.
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Local Currency Adjustment. The total portion of the amounts payable to Vendor hereunder which are specified as due and payable in Local Currency shall be indexed to the National Consumer Price Index as published by the Official Federal Gazette, or the equivalent if such index is not available (the "NCPI"). If, on the first day of any calendar year during the term of this
Sample 1
Local Currency Adjustment. There is no Local Currency adjustment to be made pursuant to this Agreement.
Sample 1

Related to Local Currency Adjustment

  • Base Currency For the purposes of any calculation hereunder, we may convert amounts denominated in any other currency into the Base Currency at such rate prevailing at the time of the calculation as we shall reasonably select.

  • Currency; Denominations Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be issuable in registered form without Coupons in denominations of $1,000 and any integral multiple thereof, and the Bearer Securities denominated in Dollars shall be issuable in the denomination of $5,000. Securities not denominated in Dollars shall be issuable in such denominations as are established with respect to such Securities in or pursuant to this Indenture.

  • Currency and amount (a) The currency specified in a Utilisation Request must be dollars.

  • Foreign Currency Exchange Unless the Depositor shall otherwise direct, whenever funds are received by the Trustee in foreign currency, upon the receipt thereof or, if such funds are to be received in respect of a sale of Securities, concurrently with the contract of the sale for the Security (in the latter case the foreign exchange contract to have a settlement date coincident with the relevant contract of sale for the Security), the Trustee shall enter into a foreign exchange contract for the conversion of such funds to U.S. dollars pursuant to the instruction of the Depositor. The Trustee shall have no liability for any loss or depreciation resulting from action taken pursuant to such instruction."

  • Exchange Rates; Currency Equivalents (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the L/C Issuer, as applicable.

  • Revolving Credit Interest Rate Options The Borrower shall have the right to select from the following Interest Rate Options applicable to the Revolving Credit Loans:

  • Interest on Revolving Credit Loans Except as otherwise provided in Section 5.11,

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Increased LIBO Rate Loan Costs, etc The Borrower agrees to reimburse each Lender and each Issuer for any increase in the cost to such Lender or Issuer of, or any reduction in the amount of any sum receivable by such Secured Party in respect of, such Secured Party’s Commitments and the making of Credit Extensions hereunder (including the making, continuing or maintaining (or of its obligation to make or continue) any Loans as, or of converting (or of its obligation to convert) any Loans into, LIBO Rate Loans) that arise in connection with any change in, or the introduction, adoption, effectiveness, interpretation, reinterpretation or phase-in after the Restatement Effective Date of, any law or regulation, directive, guideline, decision or request (whether or not having the force of law) of any Governmental Authority, except for such changes with respect to increased capital costs and Taxes which are governed by Sections 4.5 and 4.6, respectively. Each affected Secured Party shall promptly notify the Administrative Agent and the Borrower in writing of the occurrence of any such event, stating the reasons therefor and the additional amount required fully to compensate such Secured Party for such increased cost or reduced amount. Such additional amounts shall be payable by the Borrower directly to such Secured Party within five Business Days of its receipt of such notice, and such notice shall, in the absence of manifest error, constitute prima facie evidence thereof and shall be binding on the Borrower.

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