SPECIAL PROVISIONS FOR CAPITAL TRANSFERS Sample Clauses

SPECIAL PROVISIONS FOR CAPITAL TRANSFERS. If the Fund's holdings of the currency of a member have remained below seventy-five percent of its quota for an immediately preceding period of not less than six months, such member, if it has not been declared ineligible to use the resources of the Fund under Section 1 of this Article, Article IV, Section 6, Article V, Section 5, or Article XV, Section 2 (a), shall be entitled, notwithstanding the provisions of Section 1 (a) of this Article, to buy the currency of another member from the Fund with its own currency for any purpose, including capital transfers. Purchases for capital transfers under this Section shall not, however, be permitted if they have the effect of raising the Fund's holdings of the currency of the member desiring to purchase above seventy-five percent of its quota, or of reducing the Fund's holdings of the currency desired below seventy-five percent of the quota of the member whose currency is desired.
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SPECIAL PROVISIONS FOR CAPITAL TRANSFERS. If the Fund's holdings of the currency of a member have remained below 75 per cent of its quota for an immediately preceding period of not less than six months, such member, if it has not been declared ineligible to use the resources of the Fund under section 1 of this article, Article IV, section 6, Article V, section 5, or Article XV, section 2 (a), shall be entitled, notwithstanding the provisions of section 1 (a) of this article, to buy the currency of another member from the Fund with its own currency for any purpose, including capital transfers. Purchases for capital transfers under this section shall not, however, be permitted if they have the effect of raising the Fund's holdings of the currency of the member desiring to purchase above 75 per cent of its quota, or of reducing the Fund's holdings of the currency desired below 75 per cent of the quota of the member whose currency is desired. 12 International Finance Agreements FIRST SCHEDULE-continued
Sample 1

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