Foreign Exchange Restrictions. Member States shall make exceptions to their foreign exchange restrictions relating to payments for the products under the CEPT Scheme, as well as repatriation of such payments without prejudice to their rights under Article XVIII of the General Agreement on Tariff and Trade (GATT) and relevant provisions of the Articles of Agreement of the International Monetary Fund (IMF).
Foreign Exchange Restrictions. The Participant understands and agrees that neither the Company or its Affiliates are responsible or liable for any foreign exchange fluctuations between the Participant’s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts.
Foreign Exchange Restrictions. Employee may acquire and remit foreign currency (including proceeds from the sale of Shares) into and out of Taiwan of up to US $5,000,000 per year. If this threshold is exceeded, Employee may be required to apply for an approval from the Central Bank of China ("CBC"). In the event that the remittance amount reaches US $500,000 or more, Employee may be required to provide supporting documentation to the satisfaction of the remitting bank. Please also note that if the transaction amount is NT $500,000 or more in a single transaction, it should be declared on a CBC-prescribed form, but this is typically a standard procedure managed by the local bank handling the transaction.
Foreign Exchange Restrictions. All amounts payable by the Borrower hereunder shall be paid in United States dollars. If, as a result of foreign exchange restrictions in the People's Republic of China, it becomes illegal for the Borrower to make any payment referred to in this Agreement to the Lender in United States dollars, then the Borrower shall make such payment in any other currency which is still permitted for such purposes. The Lender, in its absolute discretion, may stipulate payment in any of these permitted currencies. The amount of the payment in such circumstances shall be the amount which is sufficient when fully converted in any foreign currency market in New York or any other place in the world chosen by the Lender in its absolute discretion to purchase the required amount in United States dollars, free and clear of all costs, expenses and commissions.
Foreign Exchange Restrictions. Under the terms and conditions of the Debt Securities, in the event of any foreign exchange restriction or prohibition in Argentina, any and all payments in respect of the Debt Securities will be made in United States dollars through (i) the sale of Bonos Externos de la Republica Argentina or of any other public or private bond issued in United States dollars in Argentina or (ii) any other legal mechanism of the acquisition of United States dollars in any exchange market. All costs, including any taxes, relative to such operations to obtain United States dollars will be borne by the Company. * * * * * * * SIGNATURES
Foreign Exchange Restrictions. (a) In the event of any foreign exchange restriction or prohibition in Argentina, the Company shall make any and all payments of any Note in U.S. Dollars to be made outside Argentina by:
Foreign Exchange Restrictions. The Participant understands and agrees that neither the Company or its subsidiaries are responsible or liable for any foreign exchange fluctuations between the Participant’s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. By: ___________________________ Authorized Signatory Xxxxxx and acknowledged as of the date of grant: ___________________________________ (Participant’s signature)
Foreign Exchange Restrictions. Employee may acquire and remit foreign currency (including proceeds from the sale of Shares) into and out of Taiwan of up to US $5,000,000 per year. If this threshold is exceeded, Employee may be required to apply for an approval from the Central Bank of China ("CBC"). In the event that the remittance amount reaches US $500,000 or more, Employee may be required to provide supporting documentation to the satisfaction of the remitting bank. Please also note that if the transaction amount is NT $500,000 or more in a single transaction, it should be declared on a CBC-prescribed form, but this is typically a standard procedure managed by the local bank handling the transaction. UNITED KINGDOM Tax and National Insurance Contributions Acknowledgment. The following provision supplements paragraph 10 of the Agreement: Employee agrees that if Employee does not pay or the Employer or the Company does not withhold from Employee the full amount of Tax-Related Items that Employee owes in connection with the exercise of the Option and/or the acquisition of Shares pursuant to the exercise of the Option, or the release or assignment of the Option for consideration, or the receipt of any other benefit in connection with the Option (the “Taxable Event”) within ninety (90) days after the Taxable Event, or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Xxx 0000, then the amount that should have been withheld shall constitute a loan owed by Employee to the Employer, effective ninety (90) days after the Taxable Event. Employee agrees that the loan will bear interest at the official rate of HM Revenue and Customs (“HMRC”) and will be immediately due and repayable by Employee, and the Company and/or the Employer may recover it at any time thereafter by withholding the funds from salary, bonus or any other funds due to Employee by the Employer, by withholding in Shares issued at exercise of the Option or from the cash proceeds from the sale of such Shares or by demanding cash or a cheque from Employee. Employee also authorizes the Company to withhold the transfer of any Shares unless and until the loan is repaid in full. Notwithstanding the foregoing, if Employee is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that Employee is an officer or executive director and Tax-R...
Foreign Exchange Restrictions. In the event that on any Payment Date in respect of Notes of a Series denominated in U.S. Dollars, any restrictions or prohibition of access to the Argentine foreign exchange market exists, the Company agrees to pay all amounts payable under such Notes in dollars either (i) by purchasing, with pesos, any series of “Bonos Externos de la Republica Argentina” (U.S. dollar-denominated Argentine Government Bonds, or “Bonex”) or any other securities or public or private bonds issued in Argentina and denominated in dollars, and transferring and selling such instruments outside Argentina for dollars, or (ii) by means of any other legal procedure existing in Argentina, on any due date for payment under such Series of Notes, for the purchase of dollars. All costs and taxes payable in connection with the procedures referred to in (i) and (ii) above shall be borne by the Company.
Foreign Exchange Restrictions. Any foreign exchange law is enacted or threatened to be enacted by or in the Republic of Albania or Canada (as applicable) that in the opinion of Buyer has, or may reasonably be expected to have, the effect of prohibiting, restricting or delaying any payment that Seller or Guarantor is required to make under the Transaction Documents.
