Common use of Prudential Measures Clause in Contracts

Prudential Measures. 1. Notwithstanding any other provisions of this Agreement, a Contracting Party shall not be prevented from taking measures relating to financial services sector for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by an enterprise supplying financial services, or measures to ensure the integrity and stability of its financial system. 2. In cases where a Contracting Party takes any measure, pursuant to paragraph 1, that does not conform with the obligations under this Agreement, that Contracting Party shall not use such measure as a means of avoiding its obligations under this Agreement.

Prudential Measures. 1. Notwithstanding any other provisions of this Agreement, a Contracting Party shall not be prevented from taking measures relating to financial services sector for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by an enterprise supplying financial services, or measures to ensure the integrity and stability of its financial system. 2. In cases where Where the measures taken by a Contracting Party takes any measure, pursuant to paragraph 1, that does 1 do not conform with the obligations under this Agreement, that Contracting Party they shall not use such measure be used as a means of avoiding its the commitments or obligations of the Contracting Party under this Agreement.

Prudential Measures. 1. Notwithstanding any other provisions of this Agreement, a Contracting Party shall not be prevented from taking measures relating to financial services sector for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by an enterprise supplying financial services, or measures to ensure the integrity and stability of its financial system. 2. In cases where a Contracting Party takes any measure, pursuant to paragraph 11 above, that does not conform with the obligations under of the provisions of this Agreement, that Contracting Party shall not use such measure as a means of avoiding its obligations under this Agreementobligations.

Prudential Measures. 1. Notwithstanding any other provisions of this Agreement, a Contracting Party shall not be prevented from taking measures relating to financial services sector for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by an enterprise supplying financial services, or measures to ensure the integrity and stability of its financial system. 2. In cases where a Contracting Party takes any measure, measure pursuant to paragraph 1, that does not conform with the obligations under provisions of this Agreement, that Contracting Party shall not use such measure as a means of avoiding its obligations under this Agreement.