Technical Currency Clause Samples

The Technical Currency clause defines the specific currency to be used for all technical calculations, payments, or valuations under an agreement. In practice, this means that regardless of the currencies involved in the parties' operations or transactions, all technical matters—such as performance metrics, penalties, or adjustments—are calculated using the designated currency, such as US dollars or euros. This clause ensures consistency and avoids confusion or disputes that could arise from currency fluctuations or conversions, thereby providing clarity and stability in the contractual relationship.
Technical Currency. Contractor shall establish and manage the On-Going Program for Technical Currency that accomplishes the goals of Refresh and Software Currency and coordinates the activities of Government, Customers, Service Providers, and other vendors. This program produces and executes the Technical Currency Plan that ensures the execution of refresh projects and Software currency projects by the Integrated Service Providers. Contractor shall manage assets to be within the targeted currency as specified in the Technology Plan, which shall at a minimum specify the targeted age of all assets and the targeted release or version level of all software. Contractor shall develop a consolidated annual plan for Technical Currency (the Currency Plan) in coordination with the Integrated Service Providers, Customers, and the Government, and obtain approval of the Currency Plan from the Government and EITS Governance. Contractor shall work with Integrated Service Providers to coordinate, monitor and manage the execution of Technical Currency responsibilities. Contractor and Service Providers will deploy Equipment and Software associated with any Refresh in accordance with the standards of the Technology Plan. Contractor and Integrated Service Providers will deploy equipment and software on the schedule of the Currency Plan, as approved by the Government and coordinated with the Customers.
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Technical Currency. This criterion reflects the breadth of technical knowledge of the Tier FTE across various technology programs/packages.
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Technical Currency. Grantee shall at its own expense take necessary technical steps and provide necessary technical assistance, including the acquisition of all necessary equipment, to insure that the quality of service of the PEG channels on the cable system remain equivalent to commercial channels and services.
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Technical Currency. Contractor warrants that the Licensed Software will remain technically current and will not require State to use third-party database software, network technology, computing hardware, or operating systems that are not supported by their respective manufacturers or that require the payment of a maintenance premium for annual support.
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Related to Technical 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.

  • Optional Currencies 25 8. Repayment....................................................... 29 9.

  • Selection of currency A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars). In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; 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 Administrative Agent and the L/C Issuers. (i) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 15 Business Days prior to the date of the desired Credit Extension (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, each L/C Issuer, in its or their sole discretion). In the case of any such request pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify each L/C Issuer thereof. Each Revolving Credit Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) or each L/C Issuer (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. (ii) Any failure by a Revolving Credit Lender or L/C Issuer, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Revolving Credit Lender or L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Revolving Credit Lenders consent to making Eurocurrency Rate Loans in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency Rate Loans; and if the Administrative Agent and the L/C Issuers consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.14, the Administrative Agent shall promptly so notify the Borrower.

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