Payment in Foreign Currency. In the event the fund transfer is to be made in a currency other than U.S. Dollars, the Bank will purchase the foreign currency, and the Bank will be paid the U.S. Dollars equivalent of the amount of the foreign currency transferred, at the exchange rate you were advised by the Bank. You understand, further, that if the Beneficiary's Bank is instructed to pay in a currency other than its local currency, payment will normally be made by the Beneficiary's Bank at its rate of exchange on the date of its payment. You will comply with all local currency restrictions and any other local law governing the transaction. For U.S. Dollars which are to be transferred and converted abroad it is hereby understood and agreed that the foreign correspondent of the Bank, its agent, or any sub-agent of the foreign correspondent may, at its option at any time, convert the U.S. Dollars into currency of the country where payment is to be made at said correspondent's agent's or sub-agent's buying rate of exchange for U.S. Dollar checks in New York at the time of such conversion. If for any reason payment is not effectuated, and the U.S. Dollars will not have been converted into foreign currency, the Bank will not be liable for any sum in excess of the current market value in New York of such foreign currency at the time of the refund. The Bank may convert U.S. Dollars you delivered to us for transfer into the currency of the country to which remittance is to be made at the Bank's selling rate on the date such funds are received and the confirmation of the Bank will be conclusive evidence that such conversion has been affected. If for any reason payment is not effectuated, the Bank will not be liable for any sum in excess of the current market value in New York of said foreign money at the time the refund of same is made. Furthermore, in respect to either of the above transfers, if payment is not effectuated, the Bank will not be required to make any refund whatsoever until it has received advice from its correspondent that payment is canceled and said bank is in possession of the relevant funds. Foreign checks will be forwarded immediately for presentation to the drawee, and the drawer will be released from any and all liability should the check be dishonored after delay in presentation. The Bank is not liable for the acts of any of its correspondents or sub-agents.
Payment in Foreign Currency. 15 9. FACILITY FEES AND PAYMENT OF LENDER'S FEES AND EXPENSES,........................................... 16 10.
Payment in Foreign Currency. If, under any applicable law or regulation or pursuant to any judgement or order being made or registered against or the liquidation of the Borrower or without limitation for any reason, any payment under or in connection with any of the Finance Documents is made or is recovered in a currency (the "payment currency") other than the currency which such payment is expressed to be due or in connection with the Finance Documents (the "contractual currency"), then, to COMMOM TERMS AGREEMENT EXECUTION COPY the extent that amount of such payment actually received by the Lender (when converted into the contractual currency at the applicable rate of exchange on or about the date of payment) is less than the amount due and unpaid under the relevant Finance Documents, the Borrower shall as a separate and independent obligation, fully indemnify the Lender against the amount of the shortfall. For the purposes of this clause 8, the "applicable rate of exchange" means the rate at which the Lender is able on or about the date of such payment, to purchase the contractual currency, in accordance with its normal practice, with the payment currency and shall take into account (and the Borrower shall be liable for) any premium or other costs of exchange including any taxes incurred by reason of any such exchange.
Payment in Foreign Currency. If we agree to pay you in a currency other than Hong Kong dollars, the payment plans above do not apply. If we agree to pay you in United States Dollars (USD) we may agree to dispatch a check payment to you within thirty (30) days after receipt of your submission or credit your Account by way of a direct debit arrangement, to be determined in our sole and absolute discretion.
Payment in Foreign Currency. 1. The payment of indemnification where the Agreed Appraisal Value of the Artwork is set in a foreign currency shall be made in such currency.
Payment in Foreign Currency. The joint venture shall pay the capital in the foreign currency account (if any) in the following orders:
