Foreign Exchange Regulations. It is your responsibility to ensure that you comply with all applicable exchange control regulations which may be issued from time to time and that in using the facilities offered under the Service you do not exceed any limits which may apply to you.
Foreign Exchange Regulations. 19.1 The Cardholder shall ensure that he/she uses the Card at all times in accordance with the provisions of the Foreign Exchange Act No. 12 of 2017, and any other gazettes published from time to time and operating instructions made there under.
19.2 The Bank will comply with reporting requirements of the Director Foreign Exchange regulations or any other regulatory authorities as stipulated from time to time.
19.3 The Bank may on its own accord cancel the Card(s) without notice to the Cardholder(s) in the event the Bank has any reason whatsoever to believe that there has been a violation of the Foreign Exchange Regulations in force.
19.4 The Cardholder shall only use the Card overseas for personal use related to travel, accommodation, medical, living, payment of registration fees, examination fees and annual subscription fees of a personal nature payable to a foreign body or academic institution, payment for purchase of goods abroad for personal use, insurance premium only for travel and health insurance of personal nature and/or for transactions processed via email, internet, telephone which are billed in foreign currency for personal expenses such as travel expenses, hotel charges, incidental expenses, medical expenses and purchase of goods for personal use. The Card shall not be used for payment in respect of capital transactions and the purchase of import of goods in commercial quantities. Payments for import of goods for personal use is restricted to a maximum as is stated by the regulator from time to time on Cost Insurance Freight (C.I.F) basis per consignment. “Personal use” means for the use of the holder of the Card, his spouse and children and parents and does not include use for any commercial purpose.
Foreign Exchange Regulations. The Borrower shall timely provide such information, fill such forms, execute such declarations, file such documentation and comply with all other requirements pursuant to applicable Foreign Exchange Regulations, in order to be able to comply with all its obligations hereunder, including but not limited to the timely payment in Dollars at the Payment Account of the amounts owed to the Lender as they become due and to make it legally feasible to apply export proceeds to the repayment of the Loans in compliance with Foreign Exchange Regulations.
Foreign Exchange Regulations. (i) There are no foreign exchange restrictions in effect in Chile which would adversely affect any payment to be made under this Agreement or the Notes and (ii) with respect to payments which might be made under the Loan Documents, the Borrower is permitted under applicable Chilean Law and under Central Bank regulations currently in effect in Chile to make such payments in Dollars acquired in the formal exchange market pursuant to, and in compliance with, the Compendio de Normas de Cambios Internacionales (Compendium of Foreign Exchange Regulations) of the Central Bank of Chile, at the Administrative Agent’s Account.
Foreign Exchange Regulations. The execution of this Agreement and the other Transaction Agreements and the consummation of the transactions contemplated under this Agreement and the other Transaction Agreements is in compliance with all applicable foreign exchange regulations and the issue, allotment and delivery of Convertible Preference Shares to PIAC hereunder is permissible under the foreign exchange regulations and requires no prior approvals from or filings with any Governmental Entity.
Foreign Exchange Regulations. 18.1 The Cardholder shall ensure that he/she uses the Card(s) at all times in accordance with the provisions of the Foreign Exchange Act and operating instructions made thereunder.
18.2 The Cardholder shall not use the Card(s) to purchase/import goods in commercial quantities and/or for capital transactions.
18.3 The Cardholder shall surrender the Card(s) to the Bank in the event the Cardholder migrates, leaves Sri Lanka for employment overseas or is deemed ‘non-resident’ as per definitions of Exchange Control Regulations in force at that time.
18.4 The Bank will comply with reporting requirements of the Director of Foreign Exchange or any other regulatory authorities as stipulated from time to time.
18.5 The Bank may on its own accord cancel the Card(s) without notice to the Cardholder(s) in the event the Bank has any reason whatsoever to believe that there has been a violation of the Exchange Control Regulations in force.
18.6. 1. Permission is herein granted for the purpose of Foreign Exchange Act No.12 of 2017 for a person in or resident in Sri Lanka to make payments in foreign exchange to a person resident outside Sri Lanka on his Electronic Fund Transfer Card (EFTC) subject to following terms and conditions.
(a) A payment on an EFTC to a person or an entity resident outside Sri Lanka may be made only for the following purpose.
(i) Payment to be made abroad by a Cardholder for service of a personal nature including travel, accommodation, medical, living and educational expenses.
(ii) Payment for purchase of goods abroad for personal use.
(iii) Payment for import of goods into Sri Lanka for personal use subject to the prevailing foreign exchange regulations.
(iv) Payment of registration fees, examination fees and annual subscription fees of a personal nature payable to a foreign professional body or academic institution.
(v) Payment to be made in respect of insurance premium only for travel and health insurance of personal nature.
(b) Any payment in foreign currency on an EFTC for any transaction which falls outside the purview of paragraph 2(a) shall require the prior written permission of the Director of Foreign Exchange, unless such payment is in respect of a permitted transaction made out of the funds lying to the credit of a Personal Foreign Currency Account (PFCA) or an Offshore account in an Offshore Banking Unit of a licensed Commercial Bank.
Foreign Exchange Regulations. Non-residents of Israel who hold our Shares are able to receive any dividends, and any amounts payable upon the dissolution, liquidation and winding up of our affairs, repayable in non-Israeli currency at the rate of exchange prevailing at the time of conversion. However, Israeli income tax is generally required to have been paid or withheld on these amounts. In addition, the statutory framework for the potential imposition of currency exchange control has not been eliminated and may be restored at any time by administrative action. The following is a summary of the material U.S. federal income tax consequences relating to the ownership and disposition of our Ordinary Shares and ADSs by U.S. Holders, as defined below. This summary addresses solely U.S. Holders who acquire ADSs pursuant to this offering and who hold Ordinary Shares or ADSs, as applicable, as capital assets for tax purposes. This summary is based on current provisions of the Internal Revenue Code of 1986, as amended (the “Code”), current and proposed U.S. Treasury regulations promulgated thereunder, and administrative and judicial decisions as of the date hereof, all of which are subject to change, possibly on a retroactive basis. In addition, this section is based in part upon representations of the depositary and the assumption that each obligation in the deposit agreement and any related agreement will be performed in accordance with its terms. This summary does not address all U.S. federal income tax matters that may be relevant to a particular holder or all tax considerations that may be relevant with respect to an investment in our Ordinary Shares or ADSs. This summary does not address tax considerations applicable to a holder of our Ordinary Shares or ADSs that may be subject to special tax rules including, without limitation, the following: • dealers or traders in securities, currencies or notional principal contracts; • banks, insurance companies and other financial institutions; • real estate investment trusts; • persons subject to the alternative minimum tax; • tax-exempt organizations; • traders that have elected mark-to-market accounting; • corporations that accumulate earnings to avoid U.S. tax; • pension plans; • investors that hold the Ordinary Shares or ADSs as part of a “straddle,” “hedge,” or “conversion transaction” with other investments; • regulated investment companies; • persons that actually or constructively own 10 percent or more of our shares by vote or by value; ...
Foreign Exchange Regulations. Timely comply with all applicable Foreign Exchange Regulations and all conditions set forth therein that may be required in connection with making payments under the Loan through the Argentine foreign exchange market including, without limitation, (i) remitting to the Country the proceeds of the Loan and exchanging such proceeds for Pesos within the timeframes set forth in the Foreign Exchange Regulations, if applicable, and (ii) complying with the reporting requirements set forth Communication “A” 6401, as amended, of the Argentine Central Bank.
Foreign Exchange Regulations. There are no foreign exchange controls or other similar legal restrictions in effect in Mexico that would affect the ability of such Guarantor to make any payment under this Agreement, or that would restrict the ability of such Guarantor to convert Pesos into Dollars (or other foreign currencies) for subsequent payment thereunder.
Foreign Exchange Regulations. With regards to cross-national payment transactions, the Customer shall inform itself about the applicable foreign exchange regulations of the countries in question and shall ensure the compliance which such regulations, also by its Users.
