Foreign Exchange Availability Sample Clauses
The Foreign Exchange Availability clause defines the terms under which parties can access or convert currencies necessary for fulfilling their contractual obligations. Typically, this clause outlines the procedures for obtaining foreign currency, specifies which party bears the risk of currency shortages, and may set requirements for timely notification if foreign exchange is unavailable. Its core function is to address the risk of currency inaccessibility, ensuring that both parties understand their responsibilities and the steps to take if foreign exchange cannot be obtained, thereby reducing uncertainty and potential disputes related to payment in different currencies.
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Foreign Exchange Availability. Fail to maintain in full force and effect and comply with the terms of all Requirements of Law required to enable it to pay solely and exclusively in Dollars all amounts which a Loan Party is or may be required to pay under the Loan Documents.
Foreign Exchange Availability. Each Borrower shall obtain all necessary foreign exchange approvals and comply with foreign exchange rules as required in order for such Borrower and the other Loan Parties to make payments when due under the Loan Documents.
Foreign Exchange Availability. Each Obligor will make or cause to be made available to it foreign exchange in order to enable it to make payments when due under this Agreement.