Transfers of Currency Sample Clauses

The "Transfers of Currency" clause defines the rules and procedures for moving money between parties under the agreement. It typically specifies the acceptable forms of currency, the method and timing of payments, and any requirements for currency conversion if payments are made in different currencies. For example, it may require that all payments be made in U.S. dollars via wire transfer, or outline how exchange rates are determined when converting from one currency to another. This clause ensures clarity and consistency in financial transactions, reducing the risk of disputes over payment methods or currency fluctuations.
Transfers of Currency. Transfers of currency according to Articles 5, 6 and 8 shall be made without delay in the convertible currency in which the investment has been made or in any other freely convertible currency, if so agreed, at the official rate of exchange in force on the date of such transfer.
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Transfers of Currency. (1) Each Contracting Party guarantees to the investors of this other Contracting Party , in respect of their investments , subject to its laws and regulations , the transfer of , (a) the current returns resulting from an investment , (b) the proceeds accruing from the total or partial sale ,alienation or liquidation of an investment ; (c) the payments made for the reimbursement of the credits for investments and interest due ; (d) an adequate portion of the earnings of the citizens of the other Contracting Party deriving from their work and service in connecting with an investment in its territory ; (e) compensation referred to in Articles 4 and 5 . (2) Each Contracting Party shall issue , after fulfillment of the legal obligation pertaining to the investors , the necessary licenses in order to ensure the execution without delay of the transfers . (3) The above transfers shall be made in the convertible currency in which the investment has been made or in any other freely convertible currency , if so agreed, at the rate of exchange in force at the date of the transfer . (4) “.Without delay “ , in the meaning of this Article are considered the transfers which are made within a period normally required to prepare the formalities of transfer . The time runs from the date when the application together with necessary documents we submitted , in the proper way , to the competent authorities and should not exceed , in any case a period of two months .
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Transfers of Currency. Each Contracting Party shall, in respect of investments, guarantee to investors of the other Contracting Party, subject to the exceptions stated in an annex which is an integral part of this Agreement, the unrestricted transfer of their investments, returns and proceeds from the total or partial sale or liquidation of an investment. Transfers shall be effected without delay in the convertible currency in which the capital was originally invested or in any other convertible currency agreed by the investor and the Contracting Party concerned. Unless otherwise agreed by the investor, transfers shall be made at the rate of exchange applicable on the date of transfer pursuant to the exchange regulations in force.
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Transfers of Currency. (1) Each Contracting Party guarantees to the investors of this other Contracting Party, in respect of their investments, subject to its laws and regulations, the transfer of, (a) The current returns resulting from an investment, (b) The proceeds accruing from the total or partial sale, alienation or liquidation of an investment; (c) The payments made for the reimbursement of the credits for investments and interest due; (d) An adequate portion of the earnings of the citizens of the other Contracting Party deriving from their work and service in connecting with an investment in its territory; (e) Compensation referred to in Articles 4 and 5. (2) Each Contracting Party shall issue, after fulfillment of the legal obligation pertaining to the investors, the necessary licenses in order to ensure the execution without delay of the transfers. (3) The above transfers shall be made in the convertible currency in which the investment has been made or in any other freely convertible currency, if so agreed, at the rate of exchange in force at the date of the transfer. (4) Without delay", in the meaning of this Article are considered the transfers which are made within a period normally required to prepare the formalities of transfer. The time runs from the date when the application together with necessary documents we submitted, in the proper way, to the competent authorities and should not exceed, in any case a period of two months.
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Transfers of Currency. (1) Transfers of currency pursuant to Articles 4, 5 and 6 shall be effected without undue delay in the convertible currency in which the investment of capital was carried out or in any other convertible currency if so agreed, at the rate of exchange in force at the date of transfer. (2) Without undue delay" in Paragraph 1 of this Article means the transfers which are made within a period normally required to prepare the formalities of transfer.
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Transfers of Currency. 1. Transfers of currency made in accordance with articles 4, 5 paragraph 4, and 6 above, shall be made without delay, in the convertible currency in which the investment has been made in convertible currency or any other agreed to by mutual agreement, at the official rate of exchange prevailing on the date of transfer. 2. The transfers referred to in paragraph 1 above may be made within a maximum period of three months after the completion of formalities prevailing in the country in which the investment has been made.
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Related to Transfers of Currency

  • Selection of currency A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.

  • Conversion of Currencies (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. (b) The obligations of each Borrower in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may, in accordance with normal banking procedures in the relevant jurisdiction, purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section 10.13 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.

  • Substitution of Currency If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

  • Conversion of Currency (a) The Company covenants and agrees that the following provisions shall apply to conversion of currency in the case of the Securities and this Indenture: (i) If for the purposes of obtaining judgment in, or enforcing the judgment of, any court in any country, it becomes necessary to convert into a currency (the “Judgment Currency”) an amount due or contingently due in any other currency under the Securities of any series and this Indenture (the “Base Currency”), then the conversion shall be made at the rate of exchange prevailing on the Business Day before the day on which a final judgment is given or the order of enforcement is made, as the case may be (unless a court shall otherwise determine). (ii) If there is a change in the rate of exchange prevailing between the Business Day before the day on which the judgment referred to in (i) above is given or an order of enforcement is made, as the case may be (or such other date as a court shall determine), and the date of receipt of the amount due, the Company shall pay such additional (or, as the case may be, such lesser) amount, if any, as may be necessary so that the amount paid in the Judgment Currency when converted at the rate of exchange prevailing on the date of receipt will produce the amount in the Base Currency originally due. (b) In the event of the winding-up of the Company at any time while any amount or damages owing under the Securities and this Indenture, or any judgment or order rendered in respect thereof, shall remain outstanding, the Company shall indemnify and hold the Holders and the Trustees harmless against any deficiency arising or resulting from any variation in rates of exchange between (1) the date as of which the equivalent of the amount in the Base Currency due or contingently due under the Securities and this Indenture (other than under this Subsection (b)) is calculated for the purposes of such winding-up, and (2) the final date for the filing of proofs of claim in such winding-up. For the purpose of this Subsection (b) the final date for the filing of proofs of claim in the winding-up of the Company shall be the date fixed by the liquidator or otherwise in accordance with the relevant provisions of applicable law as being the latest practicable date as at which liabilities of the Company may be ascertained for such winding-up prior to payment by the liquidator or otherwise in respect thereto. (c) The obligations contained in Subsections (a)(ii) and (b) of this Section shall constitute separate and independent obligations of the Company from its other obligations under the Securities and this Indenture, shall give rise to separate and independent causes of action against the Company, shall apply irrespective of any waiver or extension granted by any Holder or the Trustees or either of them from time to time and shall continue in full force and effect notwithstanding any judgment or order or the filing of any proof of claim in the winding-up of the Company for a liquidated sum in respect of amounts due hereunder (other than under Subsection (b) above) or under any such judgment or order. Any such deficiency as aforesaid shall be deemed to constitute a loss suffered by the Holders or the Trustees, as the case may be, and no proof or evidence of any actual loss shall be required by the Company or its liquidator. In the case of Subsection (b) above, the amount of such deficiency shall not be deemed to be increased or reduced by any variation in rates of exchange occurring between the said final date and the date of any liquidating distribution.

  • Blocked Currency In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.