RATES OF EXCHANGE. (a) The value of any transfer shall be calculated as of the date of the dispatch of the instructions for the transfer. The calculation shall be made in terms of the special drawing right 20 in accordance with Article XIX, Section 7(a) of the Articles, and the Fund shall be obliged to repay an equivalent value.
RATES OF EXCHANGE. For all of the purposes of these General Terms and Conditions, the value of a currency in terms of the special drawing right shall be calculated by the Fund in accordance with Rule O-2 of the Fund’s Rules and Regulations.
RATES OF EXCHANGE. Wherever it is provided in the present Agreement and the Annexes thereto that an amount shall be calculated on the basis of a rate of exchange, such rate shall, except in the cases provided for in Annex III and in Article 8 of Annex IV of the present Agreement, be-
RATES OF EXCHANGE. As per attached Schedule(s).
RATES OF EXCHANGE. For the purpose of this Contract, currencies other than United States Dollars (USD) shall be converted into such currency at the rates of exchange used in the Reinsured’s books, or where there is a specific remittance for a loss settlement, at the rates of exchange used in making such remittance.
RATES OF EXCHANGE. 73. All payments shall be made in United States dollars (US$) and Cayman Islands dollars (CI$), as specified in the various clauses. However, if, at any time during the Agreement, it is deemed necessary to convert Cayman Islands dollars (CI$) into United States dollars (US$), or vice versa, the conversion will be made at the Exchange Rate.
RATES OF EXCHANGE. (1) Where the goods are imported the contractor shall within seven days of date of Official Purchase Order, arrange through his bankers for the foreign commitment to be covered forward down to the Rand in order to fix the rate of exchange. The contractor shall notify the Municipality as soon as possible thereafter regarding the rate which has been fixed on such forward exchange. Any increase or decrease between the basic rate of exchange as at a date seven days prior to the date of closing of Bids and that existing at the date of establishment of the forward exchange cover within the period stipulated above shall be paid or deducted by the Municipality. Upon the failure of the contractor to arrange forward exchange cover, the contractor shall be liable should there be any increase in the basic rate of exchange occurring after the last mentioned date. The bank charges incurred in obtaining the forward exchange cover shall be for the Municipality’s account.
RATES OF EXCHANGE. For the purpose of this Agreement currencies other than the currency in which this Agreement is written shall be converted into such currency at the rates of exchange used in the Reassured's books or where there is a specific remittance for a loss settlement at the rates of exchange used in making such remittance.
RATES OF EXCHANGE. 1.5 For the purposes of calculations required under this Agreement to determine any amounts to be deducted from the Base Price, the conversion of currency into United States dollars is to be carried out at the Exchange Rate, at the time provided in the relevant provision of this Agreement.
RATES OF EXCHANGE. In respect of losses in currency(ies) other than that in which the monetary limit of this Reinsurance Agreement is stated, the losses will be converted into this currency by using the exchange rate(s) in force on the date the settlement with the insured is affected (outstanding loss amounts at year end to be converted as per the exchange rates in the Reinsured's books). It is furthermore understood that the Reinsured's maximum retentions are expressed in the currency of the monetary limit of this Reinsurance Agreement or the equivalent in other currencies at the exchange rate ruling in the Reinsured's books on the commencement date of each year the Reinsurance Agreement is in force.
