Common use of Under the Foreign Exchange Act No Clause in Contracts

Under the Foreign Exchange Act No. 202/1995 Coll., as amended, if a foreign exchange emergency is declared by the Government of the Slovak Republic, payments in foreign currency or abroad generally may be suspended for the duration of such emergency (not to exceed three months at any one time).

Under the Foreign Exchange Act No. 202/1995 Coll., as amended, if a foreign exchange emergency is declared by the Government of the Slovak RepublicRepublic declares a foreign exchange emergency, payments in foreign currency or abroad generally may be suspended for the duration of such emergency (not to exceed three months at any one time).