Common use of Transfer and Repatriation of Necessary Funds Clause in Contracts

Transfer and Repatriation of Necessary Funds. (a) The exchange of Taka into Dollars and the transfer outside Bangladesh of all Dollars received in connection with the Project (including from any party to any of the documents in the Security Package) shall, except as provided in Sections 8.1 and 8.2, be governed by the Foreign Exchange Regulations Act. (b) The GOB shall permit the free and immediate transfer of all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars) necessary to implement and carry out the Project and perform its obligations under the documents and agreements included in the Security Package, in accordance with the Foreign Exchange Regulations Act and Guidelines for Foreign Exchange Transactions (GFET), 2018 with such exemptions as may be necessary to give effect to the provisions of this Section 8, and shall ensure full, timely, and unencumbered repatriation rights with respect to all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars, whether converted through the interbank foreign exchange market or by Xxxxxx Bank, as provided in Section 8.4(b)).

Transfer and Repatriation of Necessary Funds. (a) The exchange of Taka into Dollars and the transfer outside Bangladesh of all Dollars received in connection with the Project (including from any party to any of the documents in the Security Package) shall, except as provided in Sections 8.1 and 8.2, be governed by the Foreign Exchange Regulations Act, as modified upto 9th September, 2015. (b) The GOB shall permit the free and immediate transfer of all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars) necessary to implement and carry out the Project and perform its obligations under the documents and agreements included in the Security Package, in accordance with the Foreign Exchange Regulations Act and Guidelines for Foreign Exchange Transactions Transaction (GFET), 2018 with such exemptions as may be necessary to give effect to the provisions of this Section 8, and shall ensure full, timely, and unencumbered repatriation rights with respect to all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars, whether converted through the interbank foreign exchange market or by Xxxxxx Bank, as provided in Section 8.4(b)).

Transfer and Repatriation of Necessary Funds. (a) The exchange of Taka into Dollars and the transfer outside Bangladesh of all Dollars received in connection with the Project (including from any party to any of the documents in the Security Package) shall, except as provided in Sections 8.1 and 8.2, be governed by the Foreign Exchange Regulations Act, as in existence on , 20108. (b) The GOB shall permit the free and immediate transfer of all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars) necessary to implement and carry out the Project and perform its obligations under the documents and agreements included in the Security Package, in accordance with the Foreign Exchange Regulations Act and Guidelines for Foreign Exchange Transactions (GFET)Act, 2018 with such exemptions as may be necessary to give effect to the provisions of this Section 8, and shall ensure full, timely, and unencumbered repatriation rights with respect to all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars, whether converted through the interbank foreign exchange market or by Xxxxxx the Bangladesh Bank, as provided in Section 8.4(b)). 6 Insert date of bid. 7 Insert date of bid. 8 Insert date of bid.

Transfer and Repatriation of Necessary Funds. (a) The exchange of Taka into Dollars and the transfer outside Bangladesh of all Dollars received in connection with the Project (including from any party to any of the documents in the Security Package) shall, except as provided in Sections 8.1 and 8.2, be governed by the Foreign Exchange Regulations Act, as in existence on [insert Bid date], 20118. (b) The GOB shall permit the free and immediate transfer of all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars) necessary to implement and carry out the Project and perform its obligations under the documents and agreements included in the Security Package, in accordance with the Foreign Exchange Regulations Act and Guidelines for Foreign Exchange Transactions (GFET)Act, 2018 with such exemptions as may be necessary to give effect to the provisions of this Section 8, and shall ensure full, timely, and unencumbered repatriation rights with respect to all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars, whether converted through the interbank foreign exchange market or by Xxxxxx the Bangladesh Bank, as provided in Section 8.4(b)). 6 Insert date of bid. 7 Insert date of bid. 8 Insert date of bid.

Transfer and Repatriation of Necessary Funds. (a) The exchange of Taka into Dollars and the transfer outside Bangladesh of all Dollars received in connection with the Project (including from any party to any of the documents in the Security Package) shall, except as provided in Sections 8.1 and 8.2, be governed by the Foreign Exchange Regulations Act, as in existence on [BID DATE]. (b) The GOB shall permit the free and immediate transfer of all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars) necessary to implement and carry out the Project and perform its obligations under the documents and agreements included in the Security Package, in accordance with the Foreign Exchange Regulations Act and Guidelines for Foreign Exchange Transactions (GFET)Act, 2018 with such exemptions as may be necessary to give effect to the provisions of this Section 8, and shall ensure full, timely, and unencumbered repatriation rights with respect to all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars, whether converted through the interbank foreign exchange market or by Xxxxxx Bank, as provided in Section 8.4(b)).

Transfer and Repatriation of Necessary Funds. (a) The exchange of Taka into Dollars and the transfer outside Bangladesh of all Dollars received in connection with the Project (including from any party to any of the documents in the Security Package) shall, except as provided in Sections 8.1 and 8.2, be governed by the Foreign Exchange Regulations Act, as in existence on , 20108. (b) The GOB shall permit the free and immediate transfer of all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars) necessary to implement and carry out the Project and perform its obligations under the documents and agreements included in the Security Package, in accordance with the Foreign Exchange Regulations Act and Guidelines for Foreign Exchange Transactions (GFET)Act, 2018 with such exemptions as may be necessary to give effect to the provisions of this Section 8, and shall ensure full, timely, and unencumbered repatriation rights with respect to all funds and other financial settlements or receipts in Dollars (or converted from Taka into Dollars, whether converted through the interbank foreign exchange market or by Xxxxxx the Bangladesh Bank, as provided in Section 8.4(b)).. 6 Insert date of bid. 7 Insert date of bid. 8 Insert date of bid.‌‌