Reference Currency Clause Samples

The Reference Currency clause defines the specific currency that will be used as the standard for all monetary calculations and payments under the agreement. In practice, this means that regardless of where the parties are located or where transactions occur, all amounts will be calculated, invoiced, and settled in the designated currency, such as US dollars or euros. This clause ensures consistency and avoids confusion or disputes arising from currency fluctuations or conversions, thereby providing clarity and stability in financial dealings between the parties.
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Reference Currency. Whenever an amount of money is referred to such amount is in Canadian currency unless otherwise stated.
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Reference Currency. (a) All Obligations shall be payable and paid, in the Reference Currency (United States Dollars). (b) All risks of currency devaluation, other fluctuations in exchange rates or the imposition of any exchange controls will be borne by Guarantor and Guarantor shall be liable to pay to Lender, and does hereby indemnify and hold Lender harmless for any loss or damage resulting from any devaluation currency (including the amount thereof), any other fluctuations in exchange rates and/or the imposition of any exchange controls affecting the Loans disbursed or the repayments thereof, as provided herein. (c) As used herein, the term “Reference Currency” shall mean United Sates Dollars.
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Reference Currency. All transactions relating to this Agreement and Original Agreement will be in U.S. Dollars.
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Reference Currency. 4.1. The reference currency is the following: □ CHF □ EUR □ USD □
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Reference Currency. (a) All Loans shall be made and disbursed and all Obligations shall be payable and paid, in the Reference Currency. (b) All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit and other applicable limits hereunder shall be subject to Lender's continuing right to establish and revise Currency Reserves. (c) All risks of currency devaluation, other fluctuations in exchange rates or the imposition of any exchange controls will be borne by Borrower and Borrower shall be liable to pay to Lender, and does hereby indemnify and hold Lender harmless for any loss or damage resulting from any devaluation of currency (including the amount thereof), any other fluctuations in exchange rates and/or the imposition of any exchange controls affecting the Loans disbursed or the repayments thereof, as provided herein. (d) Deposits to any Blocked Account or Lender Account in currency other than the Reference Currency shall be converted to the Reference Currency, by purchase of the Reference Currency at Borrowers’ cost and expense and at the rate of exchange, then utilized by the bank effecting such conversion.
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Reference Currency. Wherever a currency is included in the name of a sub- fund in parentheses, such currency constitutes the reference currency. The reference currency is the currency in which the performance of the investment fund (subfund) will be measured. It is not ▇▇▇▇▇- ▇▇▇▇ that the reference currency be identical to the accounting currency; the investments will be made taking into account the investment regulations of the individual subfunds in the currencies that, in the view of the fund management company and/or the asset manager, are optimally suited to the further development.
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Reference Currency. All transactions relating to this Agreement, Original Agreement as well as the other transactions, are to be wholly paid in Euros ((euro)) or US Dollars on account of the currency designated in the invoices.
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Reference Currency. The reference currency in which the investment performance of the portfolio shall be measured over a defined period shall be (this does not exclude investments in other currencies) (tick one box only): CHF EUR GBP USD The Client confirms that he understands that the Bank does not have to provide any additional information
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Related to Reference Currency

  • 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.

  • Alternative Currencies (a) The Borrower may from time to time request that LIBO Rate Revolving Loans be made and/or Letters of Credit be issued in a currency other than Dollars; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of LIBO Rate Revolving Loans, such request shall be subject to the approval of the Revolving Lenders of the applicable Class that will provide such Loans, and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the applicable Issuing Banks, in each case as set forth in Section 9.02(b)(ii)(E). (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., ten Business Days prior to the requested date of the making of such Revolving Loan or issuance of such Letter of Credit (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable Issuing Banks, in its or their sole discretion). In the case of any such request pertaining to LIBO Rate Revolving Loans, the Administrative Agent shall promptly notify each Revolving Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the applicable Issuings Bank thereof. Each applicable Revolving Lender (in the case of any such request pertaining to LIBO Rate Revolving Loans) or each applicable Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., five Business Days after receipt of such request whether it consents, in its sole discretion, to the making of LIBO Rate Revolving Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. (c) Any failure by a Revolving Lender or Issuing Bank, as the case may be, to respond to such request within the time period specified in the preceding paragraph shall be deemed to be a refusal by such Revolving Lender or Issuing Bank, as the case may be, to permit LIBO Rate Revolving Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the applicable Revolving Lenders consent to making LIBO Rate Revolving Loans or issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and the Borrower and the Revolving Lenders shall amend this Agreement and the other Loan Documents as necessary to accommodate such Borrowings and/or Letters of Credit (as applicable), in accordance with Section 9.02(b)(ii)(E). If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.10, the Administrative Agent shall promptly so notify the Borrower.

  • Foreign Currency The term “

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • 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." BB. Article IV of the Standard Terms and Conditions of Trust is hereby replaced with the following: