Restricted Currency definition

Restricted Currency. A currency which is or becomes subject to --------------------- moratorium, embargo, banking or exchange restrictions or restrictions against remittances, or which in the business judgment of Fox is commercially impracticable to remit.
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Restricted Currency. A currency which is or becomes subject to --------------------- moratorium, embargo, banking or exchange restrictions, or restrictions against remittances, or which in the business judgment of Fox is commercially impracticable to remit.
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Restricted Currency defined as a currency subject to moratorium, embargo, banking or exchange restrictions, or restrictions against remittances, or which in the business judgment of Fox is commercially impracticable to remit. (13(b), 21(w) STAC) Under Mexico, if Territory restricted payment in USD, Fox to pay SPHE in local currency at local bank, at Fox’s cost, whereas under Spain, SPHE to bear such cost. Third Party Payments; Taxes Fox solely responsible for collecting and paying any and all taxes (including interest and penalties on any such amounts), payments or fees required to be paid to any third party (other than guild payments / profit participations) upon importation, licensing, rental, delivery of Videograms or materials, including all VAT, sales, use, consumption and similar taxes, and any payments due to any music performance society. Within thirty (30) days of a tax payment, deliver to SPHE original documentation or a certified copy evidencing such tax payment (“Withholding Tax Receipt”). In the event Fox does not provide a Withholding Tax Receipt, ▇▇▇ will be liable to and will reimburse SPHE for the withholding taxes deducted from license fees. (8.2 10.2 STAC) SPHE responsible for making guild payments and payments to profit participants. Fox to deduct from any payment to Sony, any tax or other withholding pursuant to applicable laws. Fox not liable for amount of such deductions because of the payment of such amount to a third party (SPHE to prosecute any claim directly with such third party). (9 PTAC; 13(c) STAC) Under Mexico, if Fox withholds amounts to pay to taxing authority, it must deliver a Withholding Tax Receipt. No such requirement in Spain. Also, Mexico expressly requires Fox to make payments to music performance societies, whereas Spain has no such express requirement. Cross-Collateralization Cross-Collateralization limited to the following: Minimum Marketing Spend cross-collateralized across all titles, formats, exploitation channels and windows. Returns Reserve cross-collateralized across all titles. (5.3, 10.3 PTAC) All proceeds from SPHE titles are cross-collateralized among all rights granted to Fox. (8(f) PTAC) Mexico allows cross-collateralization only with respect to the minimum marketing spend and returns reserve. Spain allows cross-collateralization with respect to any and all rights granted to Fox.
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Examples of Restricted Currency in a sentence

  • As to funds received in a foreign country which are not includable in Gross Receipts as a result of being in a Restricted Currency ("Restricted Proceeds"), Fox shall notify Participant of the amount of such funds on the appropriate Participation Statement.

  • The Restricted Currency Countries may be updated by Jabil from time to time with notice to Company.

  • At the request of Licensor, the amount of Restricted Proceeds, if any, shall be reported on the next regularly scheduled Accounting Statement in the currency units of the Restricted Currency.

  • The amount of Restricted Proceeds, if any, ------------ shall be reported on each Accounting Statement in the currency units of the Restricted Currency.

  • Monies received by a Fox Home Video Distributor in a Restricted Currency are not includable in Gross Receipts.

  • SIRVA will use reasonably commercial efforts to minimize any withholding or other restriction on the transfer or repatriation of funds out by SIRVA of a Restricted Currency Country.


More Definitions of Restricted Currency

Restricted Currency means Swedish Krona or Swiss Francs.
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Related to Restricted Currency

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • Approved Currency means Dollars and any Alternative Currency.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.