Common use of Foreign Currency Remittance and Availability Clause in Contracts

Foreign Currency Remittance and Availability. (a) Except in the case of generally applicable exchange controls imposed on a non-discriminatory basis during a limited time period of genuine fiscal emergency and subject to the approval of the Central Bank, interest, dividends and all other payments for goods and services are freely remittable from the State and that if foreign currency is required to make such payments, in addition to that available from foreign currency accounts authorized under this License, foreign currency will be made available to make such payments up to the amount of foreign currency payments made by the Company to EMRA and converted into the State currency.

Foreign Currency Remittance and Availability. (a) Except in the case of generally applicable exchange controls imposed on a non-discriminatory basis during a limited time period of genuine fiscal emergency and subject to emergency, the approval of the Central Bank, State confirms that interest, dividends and all other payments for goods and services are freely remittable from the State and that if foreign currency is required to make such payments, in addition to that available from foreign currency accounts authorized under this LicenseAgreement, foreign currency will be made available to make such payments up to the amount of foreign currency payments made by the Company to EMRA the State and converted into the State currency.