Freedom of Assets from Restrictions Clause Samples
The 'Freedom of Assets from Restrictions' clause ensures that the assets involved in an agreement are not subject to any encumbrances, liens, or other limitations that could affect their use, transfer, or value. In practice, this means the party providing the assets guarantees they are free from third-party claims or legal restrictions, such as mortgages or pledges, at the time of the transaction. This clause is essential for assuring the receiving party that the assets are unencumbered and can be freely used or disposed of, thereby reducing the risk of future disputes or claims over ownership or usage rights.
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Freedom of Assets from Restrictions. To the extent necessary to carry out the purpose and functions of the Bank effectively, and subject to the provisions of this Agreement, all property and assets of the Bank shall be free from restrictions, regulations, controls and moratoria of any nature.
Freedom of Assets from Restrictions. To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Association shall be free from restrictions, regulations, controls and moratoria of any nature.
Freedom of Assets from Restrictions. To the extent necessary to carry out the operations provided for in this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls and moratoria of any nature.
Freedom of Assets from Restrictions. To the extent necessary to achieve the objectives and perform the functions of the Mechanism effectively, and subject to the provisions of the Agreement, the Mechanism:
(a) may hold assets of any kind and operate accounts in any currency;
(b) shall be free to transfer its assets from one country to another or within any country, and to convert any currency held by it into any other currency, without being restricted by financial controls, regulations or moratoria of any kind.
Freedom of Assets from Restrictions. To the extent necessary to carry out the purpose and functions of the Bank effectively and subject to the provisions of this Agreement, the Bank (a) may hold assets of any kind and operate accounts in any currency; and (b) shall be free to transfer its assets from one country to another or within any country and to convert any currency held by it into any other currency, without being restricted by financial controls, regulations or moratoria of any kind.
Freedom of Assets from Restrictions. To the extent necessary to enable the Corporation to carry out its purpose and functions and to conduct its operations in accordance with this Agreement, all property and other assets of the Corporation shall be free from restrictions, regulations, controls and moratoria of any nature, except as may otherwise be provided in this Agreement.
Freedom of Assets from Restrictions. To the extent necessary to enable the Corporation to effectively carry out its functions and purposes each Member Country undertakes not to withhold such permission as may be necessary under its respective laws in relation to the transfer of assets including funds of the Corporation.
Freedom of Assets from Restrictions. To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of GDN shall be free from restrictions, regulations, controls and moratoria of any nature.
Freedom of Assets from Restrictions. To the extent necessary to achieve the objectives and perform the functions of the Centre effectively, and subject to the provisions of the Agreement, the Centre:
(a) may hold assets of any kind and operate accounts in any currency;
(b) shall be free to transfer its assets from one country to another or within any country, and to convert any currency held by it into any other currency, without being restricted by financial controls, regulations or moratoria of any kind.
Freedom of Assets from Restrictions. To the extent necessary to achieve the objectives and perform the functions of CARPHA effectively, and subject to the provisions of the Agreement, CARPHA –
(a) may hold assets of any kind and operate accounts in any currency; and
(b) shall be free to transfer its assets from one country to another or within any country, and to convert any currency held by it into any other currency, without being restricted by financial controls, regulations or moratoria of any kind.