Formal agreement between two or more parties to do something. When a member withdraws from the Fund, the Fund`s normal operations and operations are interrupted in its currency and the settlement of all accounts between the Fund and the Fund is carried out by appropriate agreement between the Fund and the Fund. In the absence of agreement, the provisions of Schedule J apply to the count. 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). 2.
If the Fund`s holdings in the member`s currency are not sufficient to pay the net amount owed by the Fund, the balance is paid in a freely usable currency or in some other form that can be agreed upon. If the Fund and the outgoing member fail to reach an agreement within six months of the date of withdrawal, the currency in question, which the Fund holds, is immediately paid to the outgoing member. The balance payable is paid in ten semi-annual instalments over the next five years. Each of these tranches is paid, at the Fund`s choice, either in the outgoing member`s currency acquired at the exit of the fund, or in a freely usable currency. In the recitals, the agreement is relegated to the background with factual details on the basis of the contract. Seven recitals describe what is needed and what has happened. 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 addition to the obligations arising from other provisions of this agreement, each member assumes the obligations under this article. The existence of agreements does not necessarily mean that the transaction has been completed! First, Roger Watkinson`s name is mentioned for and taking into account the sum of two thousand three hundred pounds of Lawfull British Money, as paid below, and interest for the same at the rate of five pounds per one pound for a year from the fifth day of this Aprill Instant until the consideration in question Doth will be paid for himself his heirs the executors and administrators , and who have told William Mason his heirs and subpoenas that he become his heirs or agents of Roger Watkinson in question and, on the common expenses and expenses of those parties, he will follow their heirs or assign the day or before the tenth day of October, the day of that date of such title in law and by the conveyances of his ways and means such as he needs William Mason or their legal counsel taught in the Convey Act and Assure to the said William Mason