TRANSACTIONS INVOLVING FOREIGN CURRENCY Clause Samples

The "Transactions Involving Foreign Currency" clause governs how transactions that use currencies other than the contract's primary currency are handled. It typically specifies the applicable exchange rate, the timing for currency conversion, and which party bears the risk of currency fluctuations. For example, if a payment is made in euros for a contract denominated in US dollars, this clause would determine how the euro amount is converted and settled. Its core function is to provide clarity and fairness in cross-border transactions by addressing potential issues arising from exchange rate changes and ensuring both parties understand their obligations.
TRANSACTIONS INVOLVING FOREIGN CURRENCY. If the currency of any Card Transaction is different from that which your Designated Account is maintained, we shall be entitled to convert such transaction into the currency of your Designated Account or any other currency at such rate(s) of exchange as we may determine; and debit your Designated Account with the amount of the Card Transaction. We may charge, credit and debit, as applicable, all sums payable to us under this Agreement to your Designated Account and for this purpose convert credits and charges incurred into the currency of your Designated Account at such rate(s) of exchange as we may determine. We reserve the right to charge a fee for every Card Transaction entered into in a different currency from that of your Designated Account.
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TRANSACTIONS INVOLVING FOREIGN CURRENCY. 13.1 Where the Card Transaction is effected in a currency not available or linked to a Card, such transaction will be debited to the SGD sub-account after conversion to SGD at an exchange rate determined by the Card Merchant. The exchange rate applied is determined on the date of posting to the card account and may be different from the rate in effect on the date the transaction is made due to market fluctuations. The converted amount, together with an applicable administrative fee of 1.5% (or such other rate as determined by the Bank and notified to the Cardmembers) levied by the Bank, and any assessment fee(s) charged by Card Merchant will be debited to the relevant Card Account.
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TRANSACTIONS INVOLVING FOREIGN CURRENCY. If the currency of any card transaction is different from that which your Card Account is maintained, we shall be entitled to convert such transaction into the currency of your Card Account or any other currency at such rate(s) of exchange as we may determine; and debit your Card Account with the amount of the card transaction. We may charge, credit and debit, as applicable, all sums payable to us under this Agreement to your Card Account and for this purpose convert credits and charges incurred into the currency of your Card Account at such rate (s) of exchange as we may determine.
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TRANSACTIONS INVOLVING FOREIGN CURRENCY. If the currency of any Card Transaction is different from that which your Card Transaction account(s) is maintained, we and/or a Participant shall be entitled to convert such transaction into the currency of your relevant Card Transaction account or any other currency at such rate(s) of exchange as we and/or a Participant may determine; and we may debit your relevant Card Transaction account, as the case may be, with the amount of the card transaction. We may charge, credit and debit, as applicable, all sums payable to us under this Agreement to your relevant Card Transaction account and for this purpose convert credits and charges incurred into the currency of your Card Transaction account at such rate(s) of exchange as we may determine.
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TRANSACTIONS INVOLVING FOREIGN CURRENCY. If the currency of any Card Transaction is different from that which your Designated Account is maintained, we shall be entitled to convert such transaction into the currency of your Designated Account or any other currency at such rate(s) of exchange as we may determine; and debit your Designated Account with the amount of the Card Transaction. We may charge, credit and debit, as applicable, all sums payable to us under this Agreement to your Designated Account and for this purpose convert credits and charges incurred into the currency of your Designated Account at such rate(s) of exchange as we may determine. We reserve the right to charge a fee for every Card Transaction entered into in a different currency from that of your Designated Account. Where your Card is tagged to a Designated Account and used for any and/or all Foreign Currency funds in the account, Foreign Currency Card Transactions and Foreign Currency Cash Withdrawal will be directly debited from the respective Foreign Currency deposits within the Designated Account provided that there are sufficient funds in the relevant Foreign Currency. If there are insufficient funds in such particular Foreign Currency in your Designated Account, we shall be entitled to convert such transaction into Singapore Dollars at such rate)s of exchange as we may determine; and debit your Singapore Dollar deposits within the Designated Account tagged to the Card. If there are insufficient funds in your Singapore Dollar deposits within Designated Account, the Card Transaction will be rejected.
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Related to TRANSACTIONS INVOLVING FOREIGN CURRENCY

  • 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.

  • Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, we and Mastercard International or VISA International, depending on which card is used, will convert the transaction into a U.S. dollar amount. Mastercard and VISA will act in accordance with their operating regulations or conversion procedures in effect at the time the transaction is processed. Currently, their regulations and procedures provide that the currency conversion rate they use, to determine the transaction amount in U.S. dollar, is either (a) a wholesale market rate, or (b) a government-mandated rate in effect one day prior to the processing date. Mastercard and VISA increase this conversion rate by one percent (1%) and keep this increase as compensation for performing the currency conversion service. We will charge you two percent (2%) of the U.S. dollar amount of the transaction converted from a foreign currency. The currency conversion rate calculated in this manner that is in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Other Charges. You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate. The following fees may be added, as applicable, to the Account and treated as a Purchase as indicated on the Insert:

  • Payments in Foreign Currency Except as disclosed in the Registration Statement, the Statutory Prospectus and the Prospectus, under current laws and regulations of the Cayman Islands and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Securities may be paid by the Company to the holder thereof in United States dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein. Any certificate signed by any officer or director of the Company and delivered to the Representative or counsel for the Underwriters in connection with the Offering shall be deemed a representation and warranty by the Company, as to matters covered thereby, to each Underwriter.

  • Foreign Currency The term “

  • Securities in a Foreign Currency Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York. If such Market Exchange Rate is not available for any reason with respect to such currency, the Company shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in The City of New York or in the country of issue of the currency in question or such other quotations as the Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations of the Company regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders. The Trustee shall have no duty to calculate or verify the calculations made pursuant to this Section 10.15.