Local Currency Adjustment Sample Clauses

Local Currency Adjustment. The total portion of the amounts payable to Vendor hereunder which are specified as due and payable in Local Currency shall be indexed to the Indice Geral de Precos de Mercado as published by Fundacao Getulio Vargas, xx xxx xxuivalent if such index is xxx xxxxxxxxx (the "NCPI"). If, on the first day of any calendar year during the term of this Agreement, the NCPI for the calendar month immediately preceding such day (the "NCPI Current Index") is higher than the NCPI (i) one year prior thereto, or (ii) in the event Vendor and Customer have modified the Agreement during such year in the manner as described below, the date of such adjustment (as applicable, the "NCPI Base Index"); then, effective as of the first day of such calendar year, all amounts specified in this Agreement as due from Customer to Vendor in Local Currency, as previously adjusted pursuant to this Section, shall be increased by the percentage that the NCPI Current Index increased from the NCPI Base Index. If at any time during a calendar year the NCPI Current Index increases by ten percent (10%) or more over the NCPI Base Index, then upon notice to Customer by Vendor, Vendor and Customer shall immediately meet and renegotiate such Local Currency portion of the pricing of this Agreement in good faith, taking into consideration such change in the NCPI, with the intention of preserving the same financial circumstances of the Local Currency portion of the pricing as intended by the parties on the Commencement Date. Any such modification of the pricing mutually agreed shall be set forth in a written amendment to this Agreement signed by each party. For purposes of clarity, it is acknowledged that the intent of the parties is that any such amounts payable by Customer to Vendor in Local Currency will be modified periodically as appropriate in accordance with this paragraph, applying any such changes in the NCPI for the appropriate period to the pricing for this Agreement, as such pricing may have been previously modified pursuant to this paragraph, so that such adjustments have cumulative effect with respect to all changes in the NCPI from the Commencement Date through termination of this Agreement.
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Local Currency Adjustment. The total portion of the amounts payable to Vendor hereunder which are specified as due and payable in Local Currency shall be indexed to the National Consumer Price Index as published by the Official Federal Gazette, or the equivalent if such index is not available (the "NCPI"). If, on the first day of any calendar year during the term of this
Sample 1
Local Currency Adjustment. There is no Local Currency adjustment to be made pursuant to this Agreement.
Sample 1

Related to Local Currency Adjustment

  • Foreign Currency Calculations (a) For purposes of determining the Dollar Equivalent of any Advance denominated in a Foreign Currency or any related amount, the Administrative Agent shall determine the Exchange Rate as of the applicable Exchange Rate Date with respect to each Foreign Currency in which any requested or outstanding Advance is denominated and shall apply such Exchange Rates to determine such amount (in each case after giving effect to any Advance to be made or repaid on or prior to the applicable date for such calculation).

  • Currency; Exchange Rate All payments under this Agreement shall be payable in U.S. Dollars. The rate of exchange to be used in computing the amount of currency equivalent in U.S. Dollars for calculating Net Sales in a Calendar Quarter (for purposes of both the royalty calculation and whether a Net Sales milestone has been achieved) shall be made at the average exchange rate as published by the Wall Street Journal for such Calendar Quarter, or such other source as the Parties may agree in writing.

  • Base Rate Loans Substituted for Affected Euro-Dollar Loans If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Business Days’ prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

  • Currency; Denominations Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be issuable in registered form without Coupons in denominations of $1,000 and any integral multiple thereof, and the Bearer Securities denominated in Dollars shall be issuable in the denomination of $5,000. Securities not denominated in Dollars shall be issuable in such denominations as are established with respect to such Securities in or pursuant to this Indenture.

  • Currency and amount (a) The currency specified in a Utilisation Request must be the Base Currency or an Optional Currency.

  • 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."

  • Exchange Rates; Currency Equivalents (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the L/C Issuer, as applicable.

  • Currency Calculations All financial statements and Compliance Certificates shall be set forth in Dollars. For purposes of preparing the financial statements, calculating financial covenants and determining compliance with covenants expressed in Dollars, Optional Currencies shall be converted to Dollars in accordance with GAAP.

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

  • Change of Currency (a) Unless otherwise prohibited by law, if more than one currency or currency unit are at the same time recognised by the central bank of any country as the lawful currency of that country, then:

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