INTERNATIONAL CURRENCY EXCHANGE Sample Clauses
The International Currency Exchange clause establishes the rules and procedures for handling payments or financial transactions involving different national currencies. Typically, it specifies which currency will be used for payments, how exchange rates are determined, and who bears the risk of currency fluctuations. For example, it may require that all payments be made in U.S. dollars, or that the exchange rate on the date of invoice applies. This clause is essential for minimizing disputes and uncertainties related to currency value changes, ensuring both parties understand their financial obligations in cross-border agreements.
INTERNATIONAL CURRENCY EXCHANGE. Computershare at its option may offer its International Currency Exchange (“ICE”) Service (the “Service”) to certain shareholders whereby any such shareholder can elect to receive their payment in a currency other than U.S. Dollars, via a convenient and secure currency conversion service. The Service is voluntary and will only be utilized at the direction of the eligible shareholder electing such Service and agreeing to the terms and condition of the Service as described in the ICE Registration Form included with a Letter of Transmittal and sent to eligible shareholders. Agent shall charge a fee to participants for processing. The Purchaser will not incur fees resulting from the Service.