Foreign Currency Fluctuations Clause Samples

Foreign Currency Fluctuations. If any drawdown under a Facility is denominated in an Alternative Currency and one Business Day prior to the due date of any payable principal, interest, fee or expense under any Facility ("Exchange Conversion Date"), the Bank reasonably determines that the total Obligations under the Facility(ies) exceed(s) the aggregated Facility limit in Base Currency, or the total Obligations under an individual Facility exceed the individual facility limit in Base Currency for such Facility, the Customer shall, upon the request of the Bank, repay, on the Exchange Conversion Date, an amount of the Facility(ies) or the relevant individual Facility (as the case may be), or provide cash cover in respect of the Obligations. The amount of such repayment or cash cover shall be an amount sufficient to ensure that following such repayment or receipt of cash cover the aggregate Obligations under the Facility(ies) do not exceed the total Facility limit in Base Currency, and the amount of the Obligations under each individual Facility do not exceed the applicable individual facility limit in Base Currency. The Bank may reject any drawdown to be made or any Obligation to be incurred under any Facility where the Bank reasonably determines that it may result in any applicable aggregated or individual facility limit being exceeded.
View Source

Related to Foreign Currency Fluctuations

  • Currency Fluctuations If on any Computation Date the Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Sections 5.8 [Increased Costs] and 5.10 [Indemnity]) within one (1) Business Day after receiving such notice such that the Revolving Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments

  • Foreign Currency The term “

  • 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 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:

  • Currencies 46.1 All payments shall be made in Indian Rupees.