Foreign Exchange Restrictions. The Participant understands and agrees that neither the Company or its subsidiaries are responsible or liable for (i) any foreign exchange fluctuations between the Participant’s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts or (ii) any decrease in the value of Shares.
Foreign Exchange Restrictions. Member States shall make exceptions to their foreign exchange restrictions relating to payments for the products under the CEPT Scheme, as well as repatriation of such payments without prejudice to their rights under Article XVIII of the General Agreement on Tariff and Trade (GATT) and relevant provisions of the Articles of Agreement of the International Monetary Fund (IMF).
Foreign Exchange Restrictions. Employee may acquire and remit foreign currency (including proceeds from the sale of Shares) into and out of Taiwan of up to US $5,000,000 per year. If this threshold is exceeded, Employee may be required to apply for an approval from the Central Bank of China ("CBC"). In the event that the remittance amount reaches US $500,000 or more, Employee may be required to provide supporting documentation to the satisfaction of the remitting bank. Please also note that if the transaction amount is NT $500,000 or more in a single transaction, it should be declared on a CBC-prescribed form, but this is typically a standard procedure managed by the local bank handling the transaction.
Foreign Exchange Restrictions. All amounts payable by the Borrower hereunder shall be paid in United States dollars. If, as a result of foreign exchange restrictions in the People's Republic of China, it becomes illegal for the Borrower to make any payment referred to in this Agreement to the Lender in United States dollars, then the Borrower shall make such payment in any other currency which is still permitted for such purposes. The Lender, in its absolute discretion, may stipulate payment in any of these permitted currencies. The amount of the payment in such circumstances shall be the amount which is sufficient when fully converted in any foreign currency market in New York or any other place in the world chosen by the Lender in its absolute discretion to purchase the required amount in United States dollars, free and clear of all costs, expenses and commissions.
Foreign Exchange Restrictions. Under the terms and conditions of the Debt Securities, in the event of any foreign exchange restriction or prohibition in Argentina, any and all payments in respect of the Debt Securities will be made in United States dollars through (i) the sale of Bonos Externos de la Republica Argentina or of any other public or private bond issued in United States dollars in Argentina or (ii) any other legal mechanism of the acquisition of United States dollars in any exchange market. All costs, including any taxes, relative to such operations to obtain United States dollars will be borne by the Company. * * * * * * * SIGNATURES
Foreign Exchange Restrictions. (a) In the event of any foreign exchange restriction or prohibition in Argentina, the Company shall make any and all payments of any Note in Dollars to be made outside Argentina by:
(i) purchasing, with pesos, “Bonos Externos Globales de la República Argentina” issued by Argentina and payable in Dollars or any other public or private securities issued in Argentina and denominated in Dollars, or any other securities (collectively, the Securities) and selling such instruments outside Argentina for Dollars; or
(ii) any other legal mechanism for the acquisition of Dollars in any exchange market.
(b) In addition, in the event of any foreign exchange restriction or prohibition in Argentina, any Holder of Notes may elect to receive the payment in an amount equivalent to the peso amount necessary for purchasing Securities and the reasonable and customary cost of transferring and selling such Securities outside Argentina for Dollars in an amount equivalent to the sums due and payable under the Notes. Such payment will discharge and satisfy the Company’s payment obligations to such Holders on such payment date. In each case, all reasonable and customary costs, including any taxes, relative to such operations to obtain foreign currency will be borne by the Company.
(c) In addition, in the event of any restriction or prohibition in Argentina to pay in foreign currency any obligations under the Notes to any Holder of Notes that is not a resident in Argentina, the Company shall make its best efforts to obtain the corresponding authorization of the Central Bank to make such payments in Dollars. However, if such authorization cannot be obtained after reasonable attempts, the Company shall pay such Holder the peso equivalent amount of the foreign currency amount due on the relevant payment date.
(d) Such payments in pesos will be calculated using the U.S. $/ Peso exchange rate quoted by Reuters Screen “ARSVH=” ASK SIDE (Valor Xxx Xxxxxxx) at 12:00 p.m. New York City time on the payment date; provided that (i) if the U.S. $/ Peso exchange rate does not appear on such Reuters Screen, the U.S. $/ Peso exchange rate shall mean, with respect to the payment date, the U.S. $/ Peso exchange rate which appears on Bloomberg L.P. (Bloomberg Screen (ARS currency)-ASK SIDE-PCS Composite (NY)) at 12:00 p.m. New York City time on such payment date. Such payment in pesos will fully discharge and satisfy the Company’s payment obligation to such holder on the payment date and shall not cons...
Foreign Exchange Restrictions. Any foreign exchange law is enacted or threatened to be enacted by or in the Republic of Albania or Canada (as applicable) that in the opinion of Buyer has, or may reasonably be expected to have, the effect of prohibiting, restricting or delaying any payment that Seller or Guarantor is required to make under the Transaction Documents.
Foreign Exchange Restrictions. In the event of any foreign exchange restriction or prohibition in Argentina, the Borrower shall make any and all payments in respect of interest on or principal of the Loan, to the extent permitted by applicable law, in U.S. dollars by:
(i) purchasing, with pesos (or other legal currency of Xxxxxxxxx), "Xxxxx Xxxxxxxx Xxxxxxxx xx xx Xxxxxxxxx Xxxxxxxxx" or other public securities issued by Argentina and payable in U.S. dollars, and selling such instruments outside of Argentina for U.S. dollars; or
(ii) any other legal mechanism for the acquisition of U.S. dollars in any exchange market. All costs and Taxes in connection with the transactions described above shall be borne by the Borrower. The Borrower's payment obligations under the Loan may only be deemed satisfied and discharged upon receipt by the Borrower of the U.S. dollar amounts obtained through the transactions specified in Clause (i) or (ii) above necessary to satisfy the relevant amount owing on the Loan.
Foreign Exchange Restrictions. In the event that on any Payment Date in respect of Notes of a Series denominated in U.S. Dollars, any restrictions or prohibition of access to the Argentine foreign exchange market exists, the Company agrees to pay all amounts payable under such Notes in dollars either (i) by purchasing, with pesos, any series of “Bonos Externos de la Republica Argentina” (U.S. dollar-denominated Argentine Government Bonds, or “Bonex”) or any other securities or public or private bonds issued in Argentina and denominated in dollars, and transferring and selling such instruments outside Argentina for dollars, or (ii) by means of any other legal procedure existing in Argentina, on any due date for payment under such Series of Notes, for the purchase of dollars. All costs and taxes payable in connection with the procedures referred to in (i) and (ii) above shall be borne by the Company.
Foreign Exchange Restrictions. In the event that on any payment date in respect of any Notes denominated in a Specified Currency other than the Argentine peso, any restrictions or prohibition of access to the Argentine foreign exchange market exists, the Issuer agrees to pay all amounts payable under the Notes in the Specified Currency either (i) by purchasing with Argentine pesos, any public securities, denominated and paid in U.S. Dollars, issued by the Argentine Government, that may be purchased in the United States of America, and transferring and selling such instruments outside Argentina in order to obtain all amounts payable under the Specified Currency, or (ii) by means of any other legal procedure existing in Argentina, on any due date for payment under the Notes, for the purchase of the Specified Currency of such Notes. All costs and taxes payable in connection with the procedures referred to in (i) and (ii) above shall be borne by the Issuer.
