Common use of Payments and Transfers Clause in Contracts

Payments and Transfers. 1. Except under the circumstances envisaged in Article 6.9, a Party shall not apply restrictions on current payments and capital movements relating to commercial presence activities in non-services sectors. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties under the Agreement of the IMF, including the use of exchange actions which are in conformity with that Agreement, provided that a Party shall not impose restrictions on capital transactions inconsistent with its obligations under this Chapter.

Payments and Transfers. 1. Except under the circumstances envisaged in Article 6.95.11 (Restrictions to Safeguard the Balance-of-Payments) and Annex XIV (Payments and Capital Movements), a Party shall not apply restrictions on current payments and capital movements relating to activities with regard to “commercial presence activities presence” in non-services sectors. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties under the Articles of the Agreement of the IMF, including the use of exchange actions which are in conformity with that Agreementthe said Articles, provided that a Party shall does not impose restrictions on capital transactions inconsistent with its obligations under this Chapter.

Payments and Transfers. 1. Except under the circumstances envisaged in Article 6.94.8, a Party shall not apply restrictions on current payments and capital movements relating to commercial presence activities in non-services sectors. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties under the Articles of the Agreement of the IMF, including the use of exchange actions which are in conformity with that Agreementthe Articles of the Agreement of the IMF, provided that a Party shall not impose restrictions on capital transactions inconsistent with its obligations under this Chapter.

Payments and Transfers. 1. Except under the circumstances envisaged in Article 6.95.8, a Party shall not apply restrictions on current payments and capital movements relating to commercial presence activities in non-services sectors. 2. Nothing in this Chapter shall affect the rights and obligations of the Parties under the Articles of Agreement of the IMF, including the use of exchange actions which are in conformity with that Agreementthe Articles of Agreement of the IMF, provided that a Party shall not impose restrictions on capital transactions inconsistent with its obligations under this ChapterChapter except under Article 5.8 or at the request of the IMF.