Common use of Foreign Exchange Rate Clause in Contracts

Foreign Exchange Rate. 2.1 The pricing set out in Section 1.1 is based upon the Canadian dollar to U.S. dollar exchange rate of 1.377 (“Baseline Rate”). The actual exchange rate shall be calculated at the end of each month using the monthly average exchange rate as reported on w▇▇.▇▇▇▇▇.▇▇▇. If w▇▇.▇▇▇▇▇.▇▇▇ is no longer available, the Parties shall agree to an alternative exchange rate source and, if the Parties cannot agree, then the Parties shall use the average of the daily rates as reported in the Wall Street Journal for that month. 2.1.1 In the event the foreign exchange rate falls below the Baseline Rate, MCI will pay RMH an amount equal to sixty percent (60%) of the difference between (i) actual b▇▇▇▇▇▇▇ for Services performed and (ii) b▇▇▇▇▇▇▇ for Services performed had RMH’s rates for performing such services been priced at the actual monthly average exchange rate. For example, assuming average actual monthly exchange rate of 1.300 Canadian dollars to U.S. dollars, and total monthly b▇▇▇▇▇▇▇ of $1,000,000, MCI will provide RMH with an incremental $35,538. Calculation is ((Baseline Rate divided by actual average monthly exchange rate)- 1) * Total Monthly b▇▇▇▇▇▇▇ * 60%. Such additional payment shall be reflected on the next weekly invoice provided by RMH pursuant to Section 5.2 of the Agreement as amended herein. 2.1.2 In the event the foreign exchange rate rises above the Baseline Rate, RMH will provide MCI with a discount on the next weekly invoice provided by RMH pursuant to Section 5.2 of the Agreement as amended herein equal to sixty percent (60%) of the difference between (i) actual b▇▇▇▇▇▇▇ for Services performed and (ii) b▇▇▇▇▇▇▇ for Services performed had RMH’s rates for performing such Services been priced at the actual monthly average exchange rate up to an exchange rate of 1.535 CAD$ to USD$ and one hundred percent (100%) of the difference between (i) actual b▇▇▇▇▇▇▇ for Services performed and (ii) b▇▇▇▇▇▇▇ for Services performed had RMH’s rates for performing such Services been priced at the actual monthly average exchange rate above 1.535 CAD$ to USD$. For example, assuming average actual monthly exchange rate of 1.400 Canadian dollars to U.S. dollars, and total monthly b▇▇▇▇▇▇▇ of $1,000,000, MCI will receive a discount of $9,857. Calculation is: (((1–Baseline Rate divided by actual average monthly exchange rate)) * Monthly b▇▇▇▇▇▇▇ * 60% if below 1.535 and 100% if 1.535 or above.

Foreign Exchange Rate. 2.1 The pricing set out in Section 1.1 is based upon the Canadian dollar to U.S. dollar exchange rate of 1.377 (“Baseline Rate”). The actual exchange rate shall be calculated at the end of each month using the monthly average exchange rate as reported on w▇▇▇.▇▇▇▇▇.▇▇▇. If w▇▇▇.▇▇▇▇▇.▇▇▇ is no longer available, the Parties shall agree to an alternative exchange rate source and, if the Parties cannot agree, then the Parties shall use the average of the daily rates as reported in the Wall Street Journal for that month. 2.1.1 In the event the foreign exchange rate falls below the Baseline Rate, MCI will pay RMH an amount equal to sixty percent (60%) of the difference between (i) actual b▇▇▇▇▇▇▇▇ for Services performed and (ii) b▇▇▇▇▇▇▇▇ for Services performed had RMH’s rates for performing such services been priced at the actual monthly average exchange rate. For example, assuming average actual monthly exchange rate of 1.300 Canadian dollars to U.S. dollars, and total monthly b▇▇▇▇▇▇▇▇ of $1,000,000, MCI will provide RMH with an incremental $35,538. Calculation is ((Baseline Rate divided by actual average monthly exchange rate)- 1) * Total Monthly b▇▇▇▇▇▇▇▇ * 60%. Such additional payment shall be reflected on the next weekly invoice provided by RMH pursuant to Section 5.2 of the Agreement as amended herein. 2.1.2 In the event the foreign exchange rate rises above the Baseline Rate, RMH will provide MCI with a discount on the next weekly invoice provided by RMH pursuant to Section 5.2 of the Agreement as amended herein equal to sixty percent (60%) of the difference between (i) actual b▇▇▇▇▇▇▇▇ for Services performed and (ii) b▇▇▇▇▇▇▇▇ for Services performed had RMH’s rates for performing such Services been priced at the actual monthly average exchange rate up to an exchange rate of 1.535 CAD$ to USD$ and one hundred percent (100%) of the difference between (i) actual b▇▇▇▇▇▇▇▇ for Services performed and (ii) b▇▇▇▇▇▇▇▇ for Services performed had RMH’s rates for performing such Services been priced at the actual monthly average exchange rate above 1.535 CAD$ to USD$. For example, assuming average actual monthly exchange rate of 1.400 Canadian dollars to U.S. dollars, and total monthly b▇▇▇▇▇▇▇▇ of $1,000,000, MCI will receive a discount of $9,857. Calculation is: (((1–Baseline Rate divided by actual average monthly exchange rate)) * Monthly b▇▇▇▇▇▇▇▇ * 60% if below 1.535 and 100% if 1.535 or above.