Foreign Exchange Regulations. (i) There are no foreign exchange restrictions in effect in Chile which would adversely affect any payment to be made under this Agreement or the Notes and (ii) with respect to payments which might be made under the Loan Documents, the Borrower is permitted under applicable Chilean Law and under Central Bank regulations currently in effect in Chile to make such payments in Dollars acquired in the formal exchange market pursuant to, and in compliance with, the Compendio de Normas de Cambios Internacionales (Compendium of Foreign Exchange Regulations) of the Central Bank of Chile, at the Administrative Agent’s Account.
Appears in 2 contracts
Sources: Senior Unsecured Term Loan Credit Agreement (Enel Chile S.A.), Senior Unsecured Term Loan Credit Agreement