Temporary Safeguard Sample Clauses

Temporary Safeguard. 1. A Party may adopt or maintain measures inconsistent with its obligations provided for in Article 73 relating to cross-border capital transactions or Article 80: (a) in the event of serious balance-of-payments or external financial difficulties or threat thereof; or (b) where, in exceptional circumstances, movements of capital result in serious economic and financial disturbance in the Party concerned. 2. The measures referred to in paragraph 1 above: (a) shall be consistent with the Articles of Agreement of the International Monetary Fund; (b) shall not exceed those necessary to deal with the circumstances described in paragraph 1 above; (c) shall be temporary and shall be eliminated as soon as conditions permit; (d) shall promptly be notified to the other Party; (e) shall not discriminate between the Parties; (f) shall ensure that the other Party is treated as favourably as any non-Party; and (g) shall avoid unnecessary damage to the commercial, economic and financial interests of the other Party. 3. Nothing in this Chapter shall be regarded as affecting the rights enjoyed and obligations undertaken by a Party as a party to the Articles of Agreement of the International Monetary Fund.
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Temporary Safeguard. A Contracting Party may adopt or maintain measures inconsistent with its obligations under: • Article xx (Transfers); • Article yy, paragraph 1.1 (National Treatment) relating to cross-border capital transactions4 (a) in the event of serious balance-of-payments and external financial difficulties or threat thereof; or
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Temporary Safeguard. A Party may adopt or maintain measures inconsistent with its obligations provided for in Article 73 relating to cross-border capital transactions or Article 80: ( ) in the event of serious balance-of-payments or external financial difficulties or threat thereof; or ( ) where, in exceptional circumstances, movements of capital result in serious economic and financial disturbance in the Party concerned.
Sample 1
Temporary Safeguard. A Contracting Party may adopt or maintain measures inconsistent with its obligations under:  Article xx (Transfers);  Article yy, paragraph 1.1 (National Treatment) relating to cross-border capital transactions170 168 The public order exception may be invoked only where a genuine and sufficiently serious threat is posed to one of the fundamental interests of society. 169 While one delegation questions the need for any specific provisions carving out transactions by a central bank or monetary authority in pursuit of monetary and exchange rate policies, most delegations can support adoption of this text. 170 It is understood that such measures may not discriminate between resident entities owned or controlled by investors of other Contracting Parties and resident entities controlled by local investors. Some delegations question whether this bullet is necessary, but would like to consider the IMF arguments in this respect. See Commentary.
Sample 1

Related to Temporary Safeguard

  • Temporary Safeguard Measures 1. A Contracting Party may adopt or maintain measures not conforming with its obligations under Article 2 relating to cross- border capital transactions and Article 15: (a) in the event of serious balance-of-payments and external financial difficulties or threat thereof; or (b) in cases where, in exceptional circumstances, Movements of capital cause or threaten to cause serious difficulties for macroeconomic management, in particular, monetary and exchange rate policies. 2. Measures referred to in paragraph 1: (a) shall be consistent with the Articles of Agreement of the International Monetary Fund, so long as the Contracting Party taking the measures is a party to the said Articles; (b) shall not exceed those necessary to deal with the circumstances set out in paragraph 1; (c) shall be temporary and shall be eliminated as soon as conditions permit; (d) shall be promptly notified to the other Contracting Party; and (e) shall avoid unnecessary damages to the commercial, economic and financial interests of the other Contracting Party. 3. Nothing in this Agreement shall be regarded as altering the rights enjoyed and obligations undertaken by a Contracting Party as a party to the Articles of Agreement of the International Monetary Fund.

  • Temporary Roads As necessary to attain stabilization of roadbed and fill slopes of Temporary Roads, Purchaser shall employ such measures as out- sloping, drainage dips, and water-spreading ditches.

  • Temporary Suspension JetBrains reserves the right to suspend Customer’s access to JetBrains Products if Customer or User’s use of Product is in violation of this Agreement or disrupts or imminently threatens the security, integrity, or availability of a Product.

  • Temporary Upgrade An employee in a temporary upgrade status shall have no right to grieve or arbitrate release from such temporary upgrade status.

  • Temporary Layoff The Employer may temporarily layoff an employee for up to ninety (90) days due to an unanticipated loss of funding, revenue shortfall, lack of work, shortage of material or equipment, or other unexpected or unusual reasons. An employee will normally receive seven (7) days notice of a temporary layoff.

  • Temporary Work Temporary work results from replacing a faculty member on leave, or assigned to other duties, or work that is a result of a time limited contract/project.

  • Temporary Layoffs A. The Employer may initiate a temporary layoff for up to twelve (12) working days per fiscal year. Employees will be given thirty (30) days’ notice before the effective date of a temporary layoff. Employees may request alternative temporary layoff days from their manager or supervisor and any requests will be considered and approved or denied in writing. B. A temporary layoff will not affect an employee’s incremental movement, vacation and sick leave accrual rates, or seniority. C. A temporary layoff is leave without pay. An employee may not use any leave for a temporary layoff day(s).

  • Temporary Structures Installation of temporary construction-related structures including scaffolding, barriers, screening, fences, protective walkways, signage, office trailers or restrooms.

  • Temporary Securities Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor.

  • Temporary The ECD for temporary employees is calculated by giving service credits for: • previous temporary employment, if there has been no break in service exceeding 3 months and employee has less than 12 months service; • previous temporary employment, if there has been no break in service exceeding 12 months and employee has greater than 12 months service. (The ECD has an impact on statutory holidays and floating holidays.)

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