Foreign Exchange Controls. Distributor shall be solely responsible for compliance with any foreign exchange controls affecting the Territory.
Foreign Exchange Controls. The Foreign Trade Regulation requires that German nationals or residents notify the German Central Bank of payments exceeding €12,500 to nonresident persons and entities.
Foreign Exchange Controls. Resident individuals may remit up to US $250,000 per financial year for any permitted current or capital account transaction but need to remit the funds separately from their personal accounts, after filing Form A-2 with their authorized dealer bank, and directly acquire foreign shares. Alternatively, “general permission” has been given under Indian foreign exchange regulations, for an employee of the Indian subsidiary of a foreign company to indirectly acquire shares of the foreign parent company, as long as the conditions mentioned in the general permission are complied with. If these conditions are not met, Reserve Bank of India’s approval will need to be obtained. Annual reporting is also required in case the “general permission” route is followed. Generally, sale proceeds must be repatriated within 90 days of the transaction. Tax Issues Shares must be valued pursuant to applicable guidelines by a Securities and Exchange Board of India-registered, Category-1 merchant banker.
Foreign Exchange Controls. Employees in certain jurisdictions may be subject to foreign exchange control restrictions that may require those Employees to notify the applicable monetary authority of their participation in the Plan and any cross-border cash transactions or impose obligations to repatriate any proceeds from the sale of Common Stock. The Company shall not be responsible for an Employee's compliance with any applicable laws in the Relevant Jurisdiction, and the Employee is responsible for obtaining its own legal advice in connection with any such matters.
Foreign Exchange Controls. Under current French foreign exchange control regulations there are no limitations on the amount of cash payments that we may remit to residents of foreign countries. Laws and regulations concerning foreign exchange controls do, however, require that all payments or transfers of funds made by a French resident to a non-resident such as dividend payments be handled by an accredited intermediary. All registered banks and substantially all credit institutions in France are accredited intermediaries. Availability of Preferential Subscription Rights Our shareholders will have the preferential subscription rights described under “Description of Share Capital—Key Provisions of Our Bylaws and French Law Affecting Our Ordinary Shares—Changes in Share Capital—Preferential Subscription Right.” Under French law, shareholders have preferential rights to subscribe for cash issues of new shares or other securities giving rights to acquire additional shares on a pro rata basis. Holders of our securities in the United States (which may be represented by ADSs) will not be able to exercise preferential subscription rights for their securities unless a registration statement under the Securities Act is effective with respect to such rights or an exemption from the registration requirements imposed by the Securities Act is available. We may, from time to time, issue new shares or other securities giving rights to acquire additional shares (such as S-39 warrants) at a time when no registration statement is in effect and no Securities Act exemption is available. If so, holders of our securities in the United States will be unable to exercise any preferential subscription rights and their interests will be diluted. We are under no obligation to file any registration statement in connection with any issuance of new shares or other securities. We intend to evaluate at the time of any rights offering the costs and potential liabilities associated with registering the rights, as well as the indirect benefits to us of enabling the exercise by holders of shares in the United States and ADS holders of the subscription rights, and any other factors we consider appropriate at the time, and then to make a decision as to whether to register the rights. We cannot assure you that we will file a registration statement. For holders of our ordinary shares represented by ADSs, the depositary may make these rights or other distributions available to ADS holders. If the depositary does not make the...
Foreign Exchange Controls. Any Requirement of Law imposes limitations on the amount of, or otherwise materially restricts the ability of any party to make, any payment hereunder or under any other Transaction Agreement to a resident of a country other than that of the payor.
Foreign Exchange Controls. Transfers out of Sweden exceeding SEK 150,000 are subject to notice requirements.
Foreign Exchange Controls. The Government covenants and undertakes to permit GT&T, without any restrictions, to make payments in foreign currency to:
