Common use of Payments and Transfers Clause in Contracts

Payments and Transfers. 1. Except in the circumstances envisaged in Article 7.18 (Restrictions to Safeguard the Balance of Payment), a Party shall not apply any restriction on international transfers and payments for current transactions relating to its specific commitments. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties as members of the International Monetary Fund under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of Agreement, provided that a Party shall not impose any restriction on any capital transaction inconsistently with its specific commitments regarding such transaction, except under Article 7.18 (Restrictions to Safeguard the Balance of Payment), or at the request of the Fund.

Appears in 7 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

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Payments and Transfers. 1. Except in Subject to its reservations pursuant to Article 5 (Reservations) and except under the circumstances envisaged in Article 7.18 15 (Restrictions to Safeguard the Balance of PaymentPayments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitmentstransactions. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties as members of the International Monetary Fund under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of Agreement, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments obligations under this Chapter regarding such transactiontransactions, except under Article 7.18 15 (Restrictions to Safeguard the Balance of Payment), Payments) or at the request of the Fund.

Appears in 6 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Singapore Australia Free Trade Agreement (Safta)

Payments and Transfers. 1. Except in under the circumstances envisaged in Article 7.18 11 (Restrictions to Safeguard the Balance of PaymentPayments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitments. 2. Nothing in this Chapter Agreement shall affect the rights and obligations of the Parties as members any Party who is a member of the International Monetary Fund under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of AgreementAgreement of the Fund, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments regarding such transactiontransactions, except under Article 7.18 11 (Restrictions to Safeguard the Balance of Payment), Payments) or at the request of the Fund.

Appears in 4 contracts

Samples: Trade Agreement, Agreement on Trade in Services, Trade in Services Agreement

Payments and Transfers. 1. Except in under the circumstances envisaged in Article 7.18 3.15 (Restrictions Restriction to Safeguard the Balance of PaymentPayments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitmentswith another Party. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties as members under the Articles of the Agreement of the International Monetary Fund under the Articles of Agreement of the Fund(IMF), including the use of exchange actions which are in conformity with the Articles of Agreementthe Agreement of the IMF, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments regarding such transactiontransactions, except under Article 7.18 3.15 (Restrictions Restriction to Safeguard the Balance of Payment), Payments) or at the request of the FundIMF.

Appears in 4 contracts

Samples: Comprehensive Economic Partnership Agreement, Comprehensive Economic Partnership Agreement, Comprehensive Economic Partnership Agreement

Payments and Transfers. 1. Except in under the circumstances envisaged in Article 7.18 8.14 (Restrictions to Safeguard the Balance of PaymentPayments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitments. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties as members of the International Monetary Fund (IMF) under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of Agreement, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments regarding such transactiontransactions, except under Article 7.18 8.14 (Restrictions to Safeguard the Balance of Payment), Payments) or at the request of the FundIMF.

Appears in 2 contracts

Samples: Comprehensive Economic Partnership Agreement, Comprehensive Economic Partnership Agreement

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Payments and Transfers. 1. Except in under the circumstances envisaged in Article 7.18 11 (Restrictions to Safeguard the Balance of PaymentPayments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitments. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties as members any Party who is a member of the International Monetary Fund (the “Fund”) under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of AgreementAgreement of the Fund, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments regarding such transactiontransactions, except under Article 7.18 11 (Restrictions to Safeguard the Balance of Payment), Payments) or at the request of the Fund.

Appears in 1 contract

Samples: Free Trade Agreement

Payments and Transfers. 1. Except in under the circumstances envisaged in Article 7.18 8.12 (Restrictions to Safeguard the Balance of PaymentBalance-of-Payments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitments. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties as members of the International Monetary Fund under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of Agreement, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments regarding such transactiontransactions, except under Article 7.18 8.12 (Restrictions to Safeguard the Balance of Payment), Balance-of- Payments) or at the request of the International Monetary Fund.

Appears in 1 contract

Samples: Comprehensive Economic Partnership Agreement

Payments and Transfers. 1. Except in under the circumstances envisaged in Article 7.18 11 (Restrictions to Safeguard the Balance of PaymentPayments), a Party shall not apply any restriction restrictions on international transfers and payments for current transactions relating to its specific commitments. 2. Nothing in this Chapter Agreement shall affect the rights and obligations of the Parties as members any Party who is a member of the International Monetary Fund under the Articles of Agreement of the Fund, including the use of exchange actions which are in conformity with the Articles of AgreementAgreement of the Fund, provided that a Party shall not impose any restriction restrictions on any capital transaction transactions inconsistently with its specific commitments regarding such transactiontransactions, except under Article 7.18 11 (Restrictions to Safeguard the Balance of Payment), Payments) or at the request of the Fund.

Appears in 1 contract

Samples: Trade Agreement

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