Foreign Currency Adjustments Clause Samples

The FOREIGN CURRENCY ADJUSTMENTS clause establishes how payments or financial obligations denominated in foreign currencies will be handled in the event of exchange rate fluctuations. Typically, this clause specifies the reference exchange rate to be used, the timing for currency conversions, and any adjustments to amounts owed due to changes in currency values. Its core function is to provide clarity and fairness in cross-border transactions by ensuring that parties are not unduly advantaged or disadvantaged by currency market volatility.
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Foreign Currency Adjustments. In the event that any indemnification payment required to be made hereunder or under any Ancillary Agreement shall be denominated in a currency other than U.S. Dollars, the amount of such payment shall be translated into U.S. Dollars using the foreign exchange rate for such currency determined in accordance with the following rules: (i) With respect to any Indemnifiable Losses arising from the payment by a financial institution under a guarantee, comfort letter, letter of credit, foreign exchange contract or similar instrument, the foreign exchange rate for such currency shall be determined as of the date on which such financial institution shall have been reimbursed; (ii) With respect to any Indemnifiable Losses covered by insurance, the foreign exchange rate for such currency shall be the foreign exchange rate employed by the insurance company providing such insurance in settling such Indemnifiable Losses with the Indemnifying Party; and (iii) With respect to any Indemnifiable Losses not covered by either clause (i) or (ii) above, the foreign exchange rate for such currency shall be determined as of the date that notice of the claim with respect to such Indemnifiable Losses shall be given to the Indemnitee.
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Foreign Currency Adjustments. In the event that any indemnification payment required to be made hereunder or under any Ancillary Agreement shall be denominated in a currency other than U.S. Dollars, the amount of such payment shall be translated into U.S. Dollars using the foreign exchange rate for such currency determined in accordance with the following rules: (i) with respect to any Indemnifiable Losses arising from the payment by a financial institution under a guarantee, comfort letter, letter of credit, foreign exchange contract or similar instrument, the foreign exchange rate for such currency shall be determined as of the date on which such financial institution shall have been reimbursed; (ii) with respect to any Indemnifiable Losses covered by insurance, the foreign exchange rate for such currency shall be the foreign exchange rate employed by the insurance company providing such insurance in settling such Indemnifiable Losses with the Indemnifying Party; and 29
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Foreign Currency Adjustments. (a) Conversion of any foreign currency funds when necessary, shall take place on the trade date at rates established or determined by BMO InvestorLine. (b) As BMO InvestorLine offers Canadian and US currency denominated registered accounts (excluding Registered Education Savings Plans), any non US foreign currency deposited into a registered account, including dividends, interest and proceeds from the sale of foreign securities, will be converted into Canadian funds or US funds depending on the side of the account the security is held, and BMO InvestorLine (or parties related to us) may earn revenue from the foreign currency conversion. (c) Currency Conversion and Debit Balances where the Client has both a Canadian dollar denominated account and a US dollar denominated account, then: (i) if trading results in a debit balance in a Canadian dollar denominated account, then BMO InvestorLine may in its discretion automatically convert currency in the Client’s US dollar denominated account and transfer the converted funds to the foreign currency denominated account to cover the debit balance; and (ii) If trading results in a debit balance in a US dollar denominated account, then BMO InvestorLine may in its discretion automatically convert currency in the Client’s Canadian dollar denominated account and transfer the converted funds to the foreign currency denominated account to cover the debit balance. Such automatic conversions will occur from time to time in the discretion of BMO InvestorLine, depending on the amount of the debit balance. Where the amount of a debit balance is nominal, conversions may occur annually; where a debit balance is greater than a nominal amount, such conversions may happen daily. If the Client wishes to cover a debit balance in an account before an automatic currency conversion occurs, the Client should contact BMO InvestorLine at ▇ ▇▇▇-▇▇▇-▇▇▇▇. Where the amount of debit balance is significant, BMO InvestorLine will contact the Client to determine how the debit balance will be covered. BMO InvestorLine acts as agent in currency conversion transactions. BMO InvestorLine and its related parties apply discretionary conversion rates and may earn revenue from foreign currency conversions.
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Foreign Currency Adjustments. In the event that any indemnification payment required to be made hereunder or under any Ancillary Agreement shall be denominated in a currency other than United States dollars, the amount of such payment shall be translated into United States dollars using the Foreign Exchange Rate for such currency determined in accordance with the following rules: (i) with respect to an Indemnifiable Loss arising from payment by a financial institution under a guarantee, comfort letter, letter of credit, foreign exchange contract or similar instrument, the Foreign Exchange Rate for such currency shall be determined as of the date on which such financial institution shall have been reimbursed; (ii) with respect to an Indemnifiable Loss covered by insurance, the Foreign Exchange Rate for such currency shall be the Foreign Exchange Rate employed by the insurance company providing such insurance in settling such Indemnifiable Loss with the Indemnifying Party; and (iii) with respect to an Indemnifiable Loss not covered by clause (i) or (ii) above, the indemnification payment shall be paid in the applicable local currency without any translation into United States dollars.
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Foreign Currency Adjustments. Local currencies are the functional currency of the Company's foreign operations. Foreign subsidiaries' assets and liabilities have been translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Revenues, expenses, gains and losses have been translated using the weighted average exchange rate for each month prevailing during the periods reported. Cumulative adjustments resulting from translation have been recorded as a component of accumulated other comprehensive loss in shareholders' equity.
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Foreign Currency Adjustments. In the event that an Indemnity Payment under this Article II shall be denominated in a currency other than United States dollars, the amount of such payment shall be translated into United States dollars using the Foreign Exchange Rate for such currency determined in accordance with the following rules:
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Foreign Currency Adjustments. Payments under this ARTICLE IX shall be made in dollars. In the event that any indemnification payment required to be made under this ARTICLE IX shall be denominated in a currency other than dollars, the amount of such payment shall be translated into dollars using the foreign exchange rate for such currency as reported by The Financial Times determined in accordance with the following rules: (a) with respect to any Indemnifiable Losses arising from the payment by a financial institution under a guarantee, comfort letter, letter of credit, foreign exchange contract or similar instrument, the foreign exchange rate for such currency shall be determined as of the date on which such financial institution shall have been reimbursed; and (b) with respect to any other Indemnifiable Losses, the foreign exchange rate for such currency shall be determined as of the date that notice of the claim with respect to such Indemnifiable Losses shall be given to the Indemnitee.
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Related to Foreign Currency Adjustments

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • Foreign Currency The term “

  • 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." BB. Article IV of the Standard Terms and Conditions of Trust is hereby replaced with the following:

  • 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.

  • Rate Adjustments 1. Taxes applicable to the gas delivered to Buyer hereunder as are in effect on January 1st immediately preceding the effective date of these terms and conditions shall be added to Buyer's ▇▇▇▇. The term "tax" as used herein shall mean any tax, license fee, or charge applicable to the gas delivered hereunder, imposed on Seller by any governmental authority on such gas. If the existing rate of any such tax in effect on January 1st,immediately preceding the effective date of these terms and conditions, be hereafter increased or decreased, or if any tax heretofore in effect or hereaRer be imposed or repealed, the resulting increase or decrease in such taxes, computed on a cents per dekatherm basis, shall be reflected, as the case may be, on Buyer's ▇▇▇▇. 2. Any applicable surcharge or special charges ordered by the Commission or any other duly constituted regulatory body shall be included in addition to the price of gas computed in accordance with the terms of the Service Agreement.