Settlement Currency Clause Samples
The Settlement Currency clause defines the specific currency in which payments or settlements under the agreement must be made. It typically specifies whether all financial obligations, such as payments of principal, interest, or damages, are to be fulfilled in a designated currency like US dollars, euros, or another agreed-upon currency. This clause ensures that both parties are clear on the currency to be used, thereby minimizing the risk of disputes or confusion arising from currency fluctuations or conversion issues.
POPULAR SAMPLE Copied 2 times
Settlement Currency. USD Cash Settlement Payment Dates: In relation to each Valuation Date t, the following dates: Cash Settlement Payment Date t=1: 15 May 2017 Cash Settlement Payment Date t=2: 14 November 2017 Cash Settlement Payment Date t=3: 14 May 2018 Cash Settlement Payment Date t=4: 14 November 2018 Cash Settlement Payment Date t=5: 14 May 2019 Cash Settlement Payment Date t=6: 14 November 2019 Cash Settlement Payment Date t=7: 14 May 2020 Cash Settlement Payment Date t=8: 16 November 2020 Cash Settlement Payment Date t=9: 14 May 2021 Cash Settlement Payment Date t=10: 15 November 2021 Equity Amounts: The Equity Amount payable (if any) shall be determined as follows: ● If on Valuation Date t (for t=1 to t=10 inclusive), the following 2 ⎛ Indexi,t ⎞ condition is met: min⎜ ⎟ ≥ 60% (the “Equity Threshold”), ⎝ ⎟ i,0 ⎠ then the Equity Amount Payer will pay to the Equity Amount Receiver on the immediately following Cash Settlement Payment Date t, an amount in USD determined according to the following formula: Notional Amount × 3.00% However, to the extent that the Equity Threshold is not met in respect of any Valuation Date t, the Equity Amount payable by the Equity Amount Payer on the immediately following Cash Settlement Payment Date t, will be zero.
Settlement Currency. USD Exchange: The New York Stock Exchange Related Exchange: All Exchanges Prepayment: Not Applicable Variable Obligation: Not Applicable Forward Price: For each Transaction, on the Effective Date for such Transaction, the Initial Forward Price for such Transaction, and on any calendar day thereafter, the product of the Forward Price for such Transaction on the immediately preceding calendar day and 1 + the Daily Rate * (1/365); provided that the Forward Price for such Transaction on each Forward Price Reduction Date for such Transaction shall be the Forward Price for such Transaction otherwise in effect on such date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: For each Transaction, as specified in the Supplemental Confirmation for such Transaction, to be the product of (i) an amount equal to 1 minus the Forward Hedge Selling Commission Rate (as defined in the Equity Distribution Agreement) applicable to such Transaction; and (ii) the Volume-Weighted Hedge Price, subject to adjustment, including without limitation for any Forward Price Reduction Amount corresponding to any Forward Price Reduction Date occurring on or prior to the Effective Date. Volume-Weighted Hedge Price: For each Transaction, as specified in the Supplemental Confirmation for such Transaction, to be the volume-weighted average of the Sales Prices (as defined in the Equity Distribution Agreement) per share of Forward Hedge Shares (as defined in the Equity Distribution Agreement) sold by Dealer (or its agent or affiliate) on each Trading Day of the Forward Hedge Selling Period for such Transaction, as determined by the Calculation Agent; provided that, solely for the purposes of calculating the Initial Forward Price, each such Sales Price (other than the Sales Price for the last day of the relevant Forward Hedge Selling Period) shall be subject to adjustment by the Calculation Agent in the same manner as the Forward Price pursuant to the definition thereof during the period from, and including, the date one Settlement Cycle immediately following the first Trading Day of the relevant Forward Hedge Selling Period on which the Forward Hedge Shares related to such Sales Price are sold to, and including, the Effective Date of such Transaction. Daily Rate: For any day, the Overnight Bank Funding Rate minus the Spread. Spread: For each Transaction, as specified in the Supplemental Confirmation for such Transaction.
Settlement Currency. USD Settlement Date: Three Exchange Business Days after the Valuation Date, or if such date is not a Clearance System Business Day or if there is a Settlement Disruption Event on such day, the immediately succeeding Clearance System Business Day on which there is no Settlement Disruption Event. Minimum Shares: To be determined as specified in Schedule I, the final number for which shall be specified to the Issuer in the Trade Notification. Maximum Shares: To be determined as specified in Schedule I, the final number for which shall be specified to the Issuer in the Trade Notification.
Settlement Currency. As and where supported by the relevant Payment Method Providers, Airwallex will process Transactions and pay Settlement Payments to you in the Settlement Currency. You acknowledge that Airwallex is not obliged to process any Transaction, or settle a Settlement Payment to you, in a currency that is not a Supported Currency.
Settlement Currency. USD Settlement Date: The date that falls one Settlement Cycle after the relevant Valuation Date, or, if the Settlement Amount is less than zero, the date one Settlement Cycle following the last day of the Settlement Valuation Period.
Settlement Currency. All Transactions under the Agreement shall be submitted to Member and Servicer in one of the Submission Currencies identified on Exhibit A and the all settlements with respect to such Transactions shall be in the Settlement Currency that is identical to the Submission Currency. Carrier may request that Member and Servicer permit that Applicable Transactions be settled with a Settlement Currency that is different than the Submission Currency for such Transactions. Carrier acknowledges and agrees that a currency conversion would be required and that Member and Servicer would have employ their exchange rate methodology in making any such currency conversion and the costs associated with such conversion would be passed on to Carrier.
Settlement Currency. Settlement currency for the Account is in US dollars unless ▇▇▇ Online agrees otherwise; 除非 ▇▇▇ Online 同意，否則在帳戶中的結算貨幣是美元；
Settlement Currency. EUR. Cash Settlement Payment Dates: In relation to each Valuation Date t, the following Cash Settlement Payment Dates from t=1 to t=2 set out below: t=1: 8 February 2019 t=2: 10 August 2020
Settlement Currency. USD. Failure to Deliver: Applicable if Party A is required to deliver Shares hereunder; otherwise, Inapplicable.
Settlement Currency. USD Failure to Deliver: Not Applicable Suspension Day: Any day on which Party A determines, in good faith and based on the advice of counsel, that it is appropriate with respect to any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Party A generally in connection with its business) for Party A or its affiliates to refrain from engaging in transactions in the Shares. Party A shall notify Party B if it makes a determination that any day in an Unwind Period is a Suspension Day, but such notice need not specify the reason for Party A’s determination.