Common use of Reporting to Controller Clause in Contracts

Reporting to Controller. On a termination of any Transaction or in the event Party A has knowledge that the proceeds of the Transaction are not used by Party B for the intended purpose, Party A shall be entitled to report the same to the Controller of Foreign Exchange.

Appears in 3 contracts

Sources: Islamic Foreign Exchange and Islamic Foreign Exchange Options Master Agreement, Islamic Foreign Exchange and Islamic Foreign Exchange Options Master Agreement, Foreign Exchange and Foreign Exchange Options Master Agreement

Reporting to Controller. On a termination of any Transaction or in the event Party A has knowledge that knowledgethat the proceeds of the Transaction are not used by Party B for the intended purpose, Party A shall be entitled to report the same to the Controller of Foreign Exchange.

Appears in 1 contract

Sources: Foreign Exchange and Foreign Exchange Options Master Agreement