The Fund reports annually on the restrictions applicable to Section 2 of this article. Each member with restrictions inconsistent with Article VIII, Sections 2, 3 or 4 consults the Fund each year on the continuation of its conservation. The Fund may, if it considers such measures necessary in exceptional circumstances, to argue to a member that the conditions for revocation of a particular restriction or the general removal of restrictions inconsistent with the provisions of other articles of this agreement are favourable. The member has a reasonable period of time to respond to these statements. If the Fund finds that the member maintains restrictions inconsistent with the Fund`s purposes, it is subject to Article XXVI, Section 2, Point a). The existence of agreements does not necessarily mean that the transaction has been completed! Articles and sections. The articles are no more than the title (or “legend”) of the directly underlying sections. The sections contain provisions relating to a particular topic. A section can consist of one or more sentences, just like a novel text, which is grouped from one theme to another.
In American-style contracts, articles and sections tend to be longer than European-style contracts. 4. Where the Fund`s holdings in the currency of an outgoing member are greater than the amount owed to it and no agreement is reached on the accounting method within six months of the date of withdrawal, the former member is required to repay the excess currency in a freely usable currency. The repayment is made at the rates at which the Fund would sell these currencies at the time of the Fund`s exit. The outgoing member is required to complete the withdrawal within five years of the date of revocation or a longer period set by the Fund, but is not required to repay more than one-tenth of the Fund`s excess assets on its currency at the time of exit, plus other purchases of the currency during that semester , over a period of one semester. If the member who retires does not fulfil this obligation, the fund may, in each market, liquidate in an orderly manner the amount of money that should have been repaid. In general, the articles of the agreement detail the proposed provisions on the facts that result and specify a time frame for the execution of the facts. Almost without exception, the text of an agreement is divided into articles, sections, subsections and other clauses listed. In large agreements, articles are sometimes grouped into chapters. The subdivision of the provisions significantly improves the legibility and legibility of a contract; It allows the designer to make cross-references and, if the contract is well structured, readers can navigate it effectively.
This paragraph examines the commonly used principles of subdivision, collection and numbering. Below is an example of an article of the agreement: Ne D 4188 – Article of the agreement between Roger Watkinson and William Mason for the sale of a property in Walkeringham from Watkinson to Mason; 1. Apr. 1775 Articles are the fouding document of a company. They contain, among other things, the company`s main purpose and powers, members` voting rights and restrictions. It is similar to incoptrporation articles, but it is used more often to refer to the founding document of a non-profit organization. Unless otherwise agreed between New Zealand and the Fund, all subscriptions, exchanges and payments of capital and interest under this agreement, at the exchange rates of the currencies concerned, will be made in accordance with the SDR established pursuant to Article XIX, Section 7, Point a), the Fund and the Fund`s rules and rules for the second working day of the Fund prior to the date of the transfer value. exchange or payment.