Effective Exchange Rate. (a) Unless otherwise agreed between the CBM and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Valletta, such date shall be the last preceding business day of the Fund that is also a business day in Valletta.
(b) For purposes of applying the limit on drawings specified in paragraphs 1 and 3(c), the euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) and the rules and regulation of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Valletta, such date shall be the last preceding business day of the Fund that is also a business day in Valletta.
Effective Exchange Rate. (a) Unless otherwise agreed between Deutsche Bundesbank and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Frankfurt am Main, such date shall be the last preceding business day of the Fund that is also a business day in Frankfurt am Main.
(b) For purposes of applying the limit on drawings specified in paragraphs 1 and 3(c), the euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) and the rules and regulation of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Frankfurt am Main, such date shall be the last preceding business day of the Fund that is also a business day in Frankfurt am Main.
Effective Exchange Rate. (a) Unless otherwise agreed between the Bank of Finland and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Helsinki, such date shall be the last preceding business day of the Fund that is also a business day in Helsinki.
(b) For purposes of applying the limit on drawings specified in paragraphs 1 and 3 (c), the euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) of the Fund’s Articles of Agreement and the rules and regulation of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Helsinki, such date shall be the last preceding business day of the Fund that is also a business day in Helsinki.
Effective Exchange Rate. Unless otherwise agreed between the United Kingdom and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in (London), such date shall be the last preceding business day of the Fund that is also a business day in (London).
Effective Exchange Rate. (a) Unless otherwise is agreed between the National Bank of Belgium and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Brussels, such date shall be the last preceding business day of the Fund that is also a business day in Brussels.
(b) For purposes of applying the limit on drawings specified in paragraphs 1 and 3(b) and (c), the Euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the Euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) and the rules and regulation of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Brussels, such date shall be the last preceding business day of the Fund that is also a business day in Brussels.
Effective Exchange Rate. (a) Unless otherwise agreed between the National Bank of Belgium and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) of the Fund’s Articles of Agreement and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Brussels, such date shall be the last preceding business day of the Fund that is also a business day in Brussels.
(b) For purposes of applying the limit on drawings specified in paragraphs 1(a), 2(g) and 14(c), the euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) of the Fund’s Articles of Agreement and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Brussels, such date shall be the last preceding business day of the Fund that is also a business day in Brussels.
Effective Exchange Rate. Unless otherwise agreed between Australia and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) of the Fund’s Articles of Agreement and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in both Canberra and Sydney, such date shall be the last preceding business day of the Fund that is also a business day in both Canberra and Sydney.
Effective Exchange Rate. (a) Unless otherwise agreed between the Czech National Bank and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Prague, such date shall be the last preceding business day of the Fund that is also a business day in Prague.
(b) For purposes of applying the limit on drawings specified in paragraphs 1(a), 2(g) and 14(c), the euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Prague, such date shall be the last preceding business day of the Fund that is also a business day in Prague.
Effective Exchange Rate. (a) Unless otherwise is agreed between Japan and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Tokyo, such date shall be the last preceding business day of the Fund that is also a business day in Tokyo.
(b) For purposes of applying the limit on drawings specified in paragraphs 1 and 3(c), the U.S. dollar value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the U.S. dollar/SDR exchange rate established pursuant to Article XIX, Section 7(a) and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Tokyo, such date shall be the last preceding business day of the Fund that is also a business day in Tokyo.
Effective Exchange Rate. (a) Unless otherwise agreed between Bank of Lithuania and the Fund, all drawings, exchanges, and payments of principal and interest under this agreement shall be made at the exchange rates for the relevant currencies in terms of the SDR established pursuant to Article XIX, Section 7(a) of the Fund’s Articles of Agreement and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the transfer, exchange or payment. If this exchange rate determination date is not a business day in Vilnius, such date shall be the last preceding business day of the Fund that is also a business day in Vilnius.
(b) For purposes of applying the limit on drawings as specified in paragraphs 1(a), 14(a) and 14(b), the euro value of each SDR-denominated drawing shall be determined and permanently fixed on the value date of the drawing based on the euro/SDR exchange rate established pursuant to Article XIX, Section 7(a) of the Fund’s Articles of Agreement and the rules and regulations of the Fund thereunder for the second business day of the Fund before the value date of the drawing. If this exchange rate determination date is not a business day in Vilnius, such date shall be the last preceding business day of the Fund that is also a business day in Vilnius.
