Remittance of Foreign Exchange Sample Clauses

Remittance of Foreign Exchange. There will, at no stage, be any remittance of foreign exchange from Slovenia on account of the exercise of Options granted under your Award. Vested options may be exercised through a cashless exercise procedure involving the simultaneous exercise of the Options and sale of corresponding shares. The net sale proceeds (minus exercise cost) will be remitted to Slovenia through normal channels and paid to you in local currency.

Remittance of Foreign Exchange. Banco Central irrevocably agrees, subject to the conditions set forth in clauses (i) and (ii) below, to remit on the date that is one Business Day prior to each Interest Payment Date and the maturity date in respect of the Securities such currency or currencies in the amount of each payment of principal of or interest on the Securities (including any Additional Amounts in respect of the Securities), or other amount required to be paid by the Republic to the Fiscal Agent or any Paying Agent under the Fiscal Agency Agreement, as the case may be, or to any holder of a Security from time to time (collectively, being herein called the ”Securityholders”), for the benefit of such persons, in the currency in which such amount is required to be paid by the Republic, at the time and at the places required by, and otherwise as provided in, the Fiscal Agency Agreement, for payments by the Republic, to which end Banco Central will make conversions into such currency of the Bolivars referred to in clause (i) below for the account of the Republic, provided that Banco Central shall not be obligated to remit any such amounts in such currency to any of the aforesaid persons in respect of any such payment required to be made by the Republic if: (i) The Republic shall not, with respect to such payment, have deposited in the Republic’s special account for debt service at Banco Central, prior to the date such payment is required to be made (the “Transfer Date”), the funds in Bolivars that are necessary to acquire the foreign exchange required for such payment (at the exchange rate prevailing for such type of payment on the Transfer Date), and the Republic shall not have delivered to Banco Central the corresponding authorizations provided for in Section 4(d) of the Fiscal Agency Agreement; or (ii) On any day in any fiscal year of the Republic, and to the extent that such remittance would constitute a breach of Banco Central’s obligation under Article 113 of the Central Bank Law as in effect on October 18, 2002, to provide any currency other than Bolivars (“Foreign Currency”) to Petróleos de Venezuela, S.A. (“PDVSA”) on a priority basis to meet its Foreign Currency needs in accordance with the foreign exchange budget approved by PDVSA’s Shareholders’ Assembly as provided in Article 113 of the Central Bank Law.

Remittance of Foreign Exchange. 1. Each Contracting Party shall, subject to its laws and regulations, guarantee to the investors of the other Contracting Party, without undue delay, in any convertible currency at the prevailing or current rate applicable on the date on which the investor applies for the related transfer, once fiscal obligations are made in accordance to the rules and regulations of the Country where investment is effected, the transfer of the following, in particular but not exclusively: a) Initial and additional capital, including reinvested income; b) Any returns accruing from the investment; c) Proceeds deriving from the sale or liquidation of the investment; d) Debt-servicing payments for foreign loan contracted from external sources with the prior knowledge of the Contracting Party, in concordance with the laws and regulations where the investment is invested; e) Remuneration and allowances paid to nationals of the other Contracting Party for work and services performed in relation to an investment effected in the territory of the other Contracting Party.