Modification to the Exchange Regime Sample Clauses

Modification to the Exchange Regime. The Central Reserve Bank of Peru, on behalf of the State, guarantees that the regime set forth in this clause will continue being applied to the Contractor during the Contract Term. If due to any reason, the exchange rate were not determined by supply and demand, the exchange rate applicable to the Contractor will be the following: a) If a single official exchange rate were established, with the same value for all foreign currency or foreign currency-related transactions, said exchange rate will be used under the Contract as from the date it becomes effective. b) If a regime of different and multiple exchange rates were established, or if different values were given to a single exchange rate, the exchange rate to be used for all of Contractor’s operations will be the highest exchange rate.