Functional Currency definition

Functional Currency means the currency in which all payments are to be made pursuant to Section 3.5 below. “Parts Purchase Currency(ies)” means U.S. Dollars, Japanese Yen and/or Euros to the extent such currencies are different from the Functional Currency and are used to purchase Inventory needed for the performance of the Work forecasted to be completed during the applicable month.
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Functional Currency means, with respect to the Shares of any class, such currency as the Directors may from time to time determine as being the currency in which such Shares shall be subscribed, valued and/or redeemed pursuant to these Articles notwithstanding the currency of the par value thereof.
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Functional Currency means the currency of the primary economic environment in which the taxpayer operates.
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Examples of Functional Currency in a sentence

  • This Financial Exhibit sets forth the principles for reporting actual results and budgeted plans in the Territory, the frequency of reporting, the use of a single Functional Currency (as defined in Section A.3 of this Exhibit) and the methods of determining payments to the Parties, auditing of accounts and other matters.

  • The Administrator will generally remit repurchase proceeds (net of the costs of remittance) by wire transfer as directed by the Unitholder in the Functional Currency within four Business Days following the relevant Repurchase Day, subject to the receipt of the applicable sale proceeds of the Notes.

  • The Service Provider shall ensure that all Financial Data is recorded in the Functional Currency of TfL which as at the date of this Agreement is pounds sterling (GBP).

  • The Administrator will calculate the Net Asset Value and the Net Asset Value per Unit in the Functional Currency of the Series Trust as at the close of business on each Valuation Day.

  • The Service Provider shall ensure that the Finance System(s) records all Financial Data in the Functional Currency of TfL which as at the date of this Agreement is pounds sterling (GBP).


More Definitions of Functional Currency

Functional Currency means the currency of the primary economic environment in which the entity operates; and
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Functional Currency with reference to a company means the currency of the country in which the company operates;
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Functional Currency for accounting for Ongoing Development Expenses, Other Out-of-Pocket Costs and Development Expenses will be U.S. dollars. Except as the Parties otherwise mutually agree, for billing and reporting, the statement of operations will be translated into U.S. dollars using the [****] listed in The Wall Street Journal for the [****]. If, due to restrictions or prohibitions imposed by national or international authority, payments cannot be made as provided in this Section, the Parties shall consult with each other with a view towards finding a prompt and acceptable solution, and the paying Party will transfer funds as the other Party may lawfully direct at no additional out-of-pocket expense to the paying Party.
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Functional Currency has the meaning set forth in the Financial Exhibit.
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Functional Currency means US dollars;
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Functional Currency for accounting for Ongoing Development Expenses, Other Out-of-Pocket Costs and Development Expenses will be U.S. dollars. Except as the Parties otherwise mutually agree, for billing and reporting, the statement of operations will be translated into U.S. dollars. All payments to be made by Biogen Idec to Portola or from Portola to Biogen Idec under this Agreement shall be made in United States dollars by bank wire transfer in immediately available funds to a bank account in the United States designated in writing by Portola and Biogen Idec. In the case of sales outside the United States, the rate of exchange to be used in computing the monthly amount of currency equivalent in United States dollars due Portola or Biogen Idec shall be [*].
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Functional Currency for accounting for Operating Profit or Loss will be U.S. dollars. For billing and reporting, the statement of operations and sales will be translated into U.S. dollars based on the "spot-rate" on the last business day of the calendar quarter in which the sale was made as reported in Reuters data service, and if not available in Bloomberg.
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