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 as defined in ECM 1, (namely any currency of Israel) unless the prior approval of the Controller of Foreign Exchange of Malaysia has been obtained;
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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, Xxx 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

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


More Definitions of Restricted Currency

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 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.

  • Approved Currency means each of Dollars and each Alternate Currency.

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

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland, lawful currency of The Swiss Federation, lawful currency of Japan, Euro and any other currency requested by the applicable Borrower that can be provided by all Lenders.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • First Currency has the meaning specified in Section 1.15.

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Agreed Currencies means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Canadian Dollars and (v) any other Foreign Currency agreed to by the Administrative Agent and each of the Lenders.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.

  • Available Currency means Dollars.

  • Second Currency has the meaning specified in Section 14.19.

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is (i) in the determination of the Administrative Agent, no longer readily available or freely traded, or (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders, the Domestic Borrowers and any applicable Foreign Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days of receipt of such notice from the Administrative Agent, the Domestic Borrowers or such applicable Foreign Borrower shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

  • Required Currency has the meaning specified in Section 1.16.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • LIBOR Quoted Currency means each of the following currencies: Dollars; Euro; Sterling; Yen; and Swiss Franc; in each case as long as there is a published LIBOR rate with respect thereto.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Termination Currency means United States Dollars.

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Primary Currency has the meaning specified in Section 9.11(c).