Common use of Exchange Rate Fluctuations Clause in Contracts

Exchange Rate Fluctuations. 10.1. If the funds provided by RWI are converted into another currency than Swedish Kronor (SEK)/the one used in the agreed budget, the exchange shall be made through a national or commercial bank, unless otherwise approved by RWI. 10.2. If exchange rate fluctuations decrease the value of the funds provided by RWI to such an extent that this will have consequences for the implementation of the Project, the Cooperation Partner shall inform RWI as soon as possible. 10.3. If exchange rate fluctuations increase the value of the funds provided by RWI, the gain shall be treated as income and be part of the outstanding balance, which shall be repaid to RWI according to article 27.1.

Appears in 1 contract

Sources: Cooperation Partner Agreement

Exchange Rate Fluctuations. 10.111.1. If the funds provided by RWI are converted into another currency than Swedish Kronor (SEK)/the one used in the agreed budget, the exchange shall be made through a national or commercial bank, unless otherwise approved by RWI. 10.211.2. If exchange rate fluctuations decrease the value of the funds provided by RWI to such an extent that this will have consequences for the implementation of the Project, the Cooperation Implementing Partner shall inform RWI as soon as possible. 10.311.3. If exchange rate fluctuations increase the value of the funds provided by RWI, the gain shall be treated as income and be part of the outstanding balance, which shall be repaid to RWI according to article 27.129.1.

Appears in 1 contract

Sources: Implementing Partner Agreement

Exchange Rate Fluctuations. 10.111.1. If the funds provided by RWI are converted into another currency than Swedish Kronor (SEK)/the one used in the agreed budget, the exchange shall be made through a national or commercial bank, unless otherwise approved by RWI. 10.211.2. If exchange rate fluctuations decrease the value of the funds provided by RWI to such an extent that this will have consequences for the implementation of the Project, the Cooperation Partner shall inform RWI as soon as possible. 10.311.3. If exchange rate fluctuations increase the value of the funds provided by RWI, the gain shall be treated as income and be part of the outstanding balance, which shall be repaid to RWI according to article 27.129.1.

Appears in 1 contract

Sources: Cooperation Agreement

Exchange Rate Fluctuations. 10.111.1. If the funds provided by RWI are converted into another currency than Swedish Kronor (SEK)/the one SEK) / the currency used in the agreed budget, the exchange shall be made through a national or commercial bank, unless otherwise approved by RWI. 10.211.2. If exchange rate fluctuations decrease the value of the funds provided by RWI to such an extent that this will have consequences for the implementation of the Project, the Cooperation Implementing Partner shall inform RWI as soon as possible. 10.311.3. If exchange rate fluctuations increase the value of the funds provided by RWI, the gain shall be treated as income and be part of the outstanding balance, which shall be repaid to RWI according to article 27.128.1.

Appears in 1 contract

Sources: Implementing Partner Agreement