Common use of Balance of Payments Difficulties Clause in Contracts

Balance of Payments Difficulties. When Turkey or Israel is in a serious balance of payment difficulty, or under threat thereof, Turkey or Israel, as the case may be, may in accordance with the conditions laid down within the framework of GATT and with Article VIII of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. Turkey or Israel, as the case may be, shall inform the other Party forthwith and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. When Turkey or Israel is in a serious balance of payment difficultydifficulties, or under threat thereof, Turkey or Israel, as in the case may be, may in accordance with the conditions laid down within the framework of GATT and with Article VIII of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. Turkey or Israel, as the case may be, shall inform the other Party forthwith and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. When Israel or Turkey or Israel is in a serious balance of payment difficulty, or under threat thereof, Turkey Israel or IsraelTurkey, as the case may be, may in accordance with the conditions laid down within the framework of GATT and with Article VIII of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. Turkey Israel or IsraelTurkey, as the case may be, shall inform the other Party forthwith and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. When Turkey or Israel is in a serious balance of payment difficultydifficulties, or under threat thereof, Turkey or Israel, as in the case may be, may in accordance with the conditions laid down within the framework of GATT and with Article VIII of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. Turkey or Israel, as the case may be, shall inform the other Party forthwith and present to t o the other Party, as soon as possible, a time schedule of their removal.