Exchange Rate Variation Sample Clauses
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Exchange Rate Variation. 3.10.5.1 In the event that payments on Net Sales Price of the Formulated Product are made in a currency other than United States Dollars, within thirty (30) days of the end of each year, the parties shall calculate the average exchange rate between the applicable foreign currency and the United States Dollar for the previous year, by aggregating the closing exchange rates on the last working day of each month during such year, as published in the London Financial Times, and dividing by twelve (12) (the "Average Exchange Rate").
3.10.5.2 For the first year of this European Agreement the "Base Exchange Rate" shall be the rates set forth on Exhibit E and for the second and subsequent years the "Base Exchange Rate" shall be set at the Average Exchange Rate for the previous year.
3.10.5.4 For the purposes of this Section 3.10.5, a "year" shall run from the date of this European Agreement or the anniversary of the date of this European Agreement.
Exchange Rate Variation. NOTE: This clause will only be included if the Tenderer elects in their tender to exercise the standard exchange rate variation model.
a. The Contract Price will only be varied in accordance with fluctuations in the currency exchange rate between the Australian dollar (AUD) and the United States dollar (USD) according to the clauses set out below.
b. Contract Prices for any Service Period during the first year of the Contract Period are fixed (except as provided in clause 2.3 below if applicable) and will not be varied in accordance with this clause.
c. The Benchmark Exchange Rate (BER) is AUD1.00 = USD <value will be inserted here>.
Exchange Rate Variation. There are no applicable exchange rate variations for this contract for Call When Needed Services.
Exchange Rate Variation. (1) Without limiting any other provision in relation to pricing, for so long as the exchange rate for the Australian dollar remains within the range of 0.7 to 0.8 US dollars (Review Range), the price remains firm. If the exchange rate moves outside of that range either party may initiate a price review.
(2) If a party initiates a price review under this clause 7.7, the parties will, in good faith, agree a new review range, being a ten-cent US range to reflect where the Australian dollar is then currently trading. That new review range, when agreed, will then be the Review Range for the purposes of clause 7.7(1), which will be varied accordingly and continue to apply as varied. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
(3) If a new Review Range is agreed under clause 7.7(2), the Price (excluding the Reagent Cost) will be amended to reflect the proportional change in the Review Range.
Exchange Rate Variation. (a) The exchange rate on which Contract Prices are based (if applicable) as at any date an invoice is submitted to Telstra under this Agreement, and the percentage of the Contract Price for any Equipment which is subject to exchange variation, are specified in Schedule 2.
(b) If the exchange rate applicable on the date of Lucent's invoice varies more than 2% from the exchange rate specified in Schedule 2 on which the Contract Price is based, then the Contract Price will vary as follows: EX1 VCP=(---xPCP)+BCP EX2 where: VCP = the varied Contract Price; EX1 = the exchange rate specified in Schedule 2; EX2 = the exchange rate applicable at the date of Lucent's invoice; PCP = the amount of the Contract Price subject to the relevant exchange rate variation; and BCP = the Contract Price minus the PCP.
(c) Adjustments under this clause 18.10 must be based on the spot selling rate quoted by Westpac Banking Corporation for the sale of $ for the relevant currency.
(d) Lucent must consolidate such adjustments for exchange rate variation into a monthly statement and presented to Telstra at the end of each month.
Exchange Rate Variation. 7.1. Where, as agreed in the Agreement, the cost of goods is based on the foreign currency price and calculated on an exchange rate in relation to the pound sterling (GBP), prices may be varied by negotiation between the Contractor and Authority using the base rate, exchange rates and formula as specified below.
7.2. The Price is calculated by reference to the London market rate of exchange of the Euro (EUR) to the GBP (the Base Exchange Rate). If the London market rate of Exchange, on the date on which the Purchase Order was submitted to the Contractor or at six monthly intervals, is greater or less than the Base Exchange Rate by at least [Seven] per centum, the Price shall be varied in direct proportion to the increase or decrease and be payable accordingly.
7.3. The base rate for these exchange rates will be the Financial Times average closing prices on the date the Contractor submitted their tender to the Authority (i.e. 25/08/2010). The Schedule 2 pricing is calculated on a base rate of 1.2172 to £1.00.
Exchange Rate Variation. Bidders may include separate components in the Capacity Purchase Price and the Energy Purchase Price which are subject to adjustment for variations in the exchange rate between the Rupee and US Dollar between the base date and the date of payment. No protection against exchange rate fluctuations will be available through the tariff in respect of any other currency. The reference rate for foreign exchange shall be the State Bank of Pakistan’s TT&OD selling rate of US Dollar prevailing on the last business day 28 days (or more) before the date of submission of the bid. The specific date will be given in the RFP. Adjustment for Exchange Rate fluctuations will be effected quarterly. A true up on exchange rate fluctuations in excess of 5% during any month will be allowed on a monthly basis.
Exchange Rate Variation. NOTE: This clause will only be included if the Tenderer elects in their tender to exercise the standard exchange rate variation model and that exercise is accepted by NAFC. The exchange rate variation model allows for the value of AUD against the USD to vary by 5% without affecting the prices. The prices are revised once per year according to any change in the value of the AUD against the USD that is in excess of 5%.
a. The Contract Price will only be varied in accordance with fluctuations in the currency exchange rate between the Australian dollar (AUD) and the United States dollar (USD) according to the clauses set out below.
b. Contract Prices for any Service Period during the first year of the Contract Period are fixed (except as provided in clause 2.3 below if applicable) and will not be varied in accordance with this clause.
c. The Benchmark Exchange Rate (BER) is AUD1.00 = USD <value will be inserted here>.
d. The source of the Reference Exchange Rate (RER) will be the Reserve Bank’s WM/Reuters Australian Dollar Fix (or its successor) at 16:00 hours (Sydney time) on the business day immediately preceding the day on which the Contract Price is varied.
Exchange Rate Variation. Exchange rate variation payable shall be calculated at the rate of exchange actually paid by the Vendor against the exchange rate in the quotation. If prices are expressed in different cur- rencies and the Purchaser seeks or requires payment in any different currency, the Purchaser shall bear any foreign exchange risk arising from such payment.
Exchange Rate Variation. NOTE: This clause will only be included if the Proposer elects in their proposal to exercise the standard exchange rate variation model. It is preferred that the Exchange Rate Variation is not exercised for Airborne Strategic Intelligence and Reconnaissance (ASIR)