Common use of Requisite signatures Clause in Contracts

Requisite signatures. This Agreement shall become effective when signed by the German Committee and the Bank deutscher Laender and when signed and (where appropriate) ratified by Foreign Bankers' Committees representing Foreign Bank Creditors whose short-term credits constitute 75 percent in face value of the short-term credits outstanding. SUB-ANNEX TO ANNEX III EXCHANGE OF LETTERS BETWEEN CREDITOR AND DEBTOR REPRESENTATIVES RECORDING SUPPLEMENTARY UNDERSTANDINGS REACHED BY THEM WITH RESPECT TO ANNEX III To: The American Committee for Standstill Creditors of Germany The British Banking Committee for German Affairs The Swiss Banking Committee for the German Credit Agreement Dear Sirs THE GERMAN CREDIT AGREEMENT OF 1952 We refer to the statements which have been made by the Tripartite Commission on German Debts on behalf of the Governments represented thereon and by the German Delegation on behalf of the Government of the Federal Republic of Germany that their Governments are prepared by appropriate administrative action in G ermany to permit the German Credit Agreement of 1952 (contained in Annex III to the Agreement on German External Debts and below referred to as "the 1952 Agreement") to come into force on ratification of the Agreement on German External Debts by the Federal Republic of Germany, except that foreign currency payments provided for in the 1952 Agreement, other than those normally arising pursuant to Clause 5 thereof, shall be postponed until the Agreement on German External Debts (below referred to as the "Inte rgovernmental Agreement") comes into force in accordance with Article 35 thereof. We also refer to the forms of Adherence proposed to be exchanged conditionally between creditors and debtors under the 1952 Agreement in which reference is made (inter alia) to the postponement of foreign currency payments under that Agreement as mentioned above and the debtors agree that upon the 1952 Agreement becoming fully effective pursuant to the said Intergovernmental Agreement, they will make prompt payment to the creditors of all foreign currency payments under the 1952 Agreement which shall in the meantime have been postponed. We hereby agree that the 1952 Agreement shall come into force upon compliance with the provisions of Clause 29 thereof and upon ratification of the said Intergovernmental Agreement by the Federal Republic of Germany, but shall cease to become effective if it is not included in the said Intergovernmental Agreement when the latter Agreement comes into force. Accordingly Clause 2 of the 1952 Agreement shall be read as if the date when compliance shall have been made with Clause 29 of that Agreement and when ratification of the Intergovernmental Agreement shall have been made by the Federal Republic of Germany were inserted therein as the date upon which the provisions of the 1952 Agreement shall come into force. We further agree that, if the 1952 Agreement is included in the said Intergovernmental Agreement when the latter Agreement comes into force in accordance with Article 35 thereof, we will do all such things as are within our respective powers to enable prompt payment to be made to the creditors of all foreign currency payments under the 1952 Agreement which shall in the meantime have been postponed. We confirm that, by agreement between the parties to the 1952 Agreement, the following amendments are to be made to the text of that Agreement as contained in Appendix 5 to the Final Report of the Conference on German External Debts and are to be incorporated in the Agreement in the form in which it is signed, viz: Paragraph (7) of Preamble The words "Government of the Federal Republic or other appropriate authority" to be substituted by the words "appropriate governmental authorities in the Federal Republic of Germany and the Western Sectors of Berlin." The word "and" to be inserted at the end of sub-paragraph (ii) and the same word to be deleted at the end of sub-paragraph (iii). Sub-paragraph (iv) to be preceded by the words "and shall ensure as far as possible that". Clause 1: Definitions The words "and relates to the identification of territory and not to governmental jurisdiction" to be added at the end of the definition of "Federal Republic." Clause 20: Arbitration In sub-Clause (1) the words "who have adhered to this Agreement" to be inserted after the words "German Debtors".

Requisite signatures. This Agreement shall become effective when signed by the German Committee and the Bank deutscher Laender and when signed and (where appropriate) ratified by Foreign Bankers' Committees representing Foreign Bank Creditors whose short-term credits constitute 75 percent in face value of the short-term credits outstanding. SUB-ANNEX TO ANNEX III EXCHANGE OF LETTERS BETWEEN CREDITOR AND DEBTOR REPRESENTATIVES RECORDING SUPPLEMENTARY UNDERSTANDINGS REACHED BY THEM WITH RESPECT TO ANNEX III To: The American Committee for Standstill Creditors of Germany The British Banking Committee for German Affairs The Swiss Banking Committee for the German Credit Agreement Dear Sirs THE GERMAN CREDIT AGREEMENT OF 1952 We refer to the statements which have been made by the Tripartite Commission on German Debts on behalf of the Governments represented thereon and by the German Delegation on behalf of the Government of the Federal Republic of Germany that their Governments are prepared by appropriate administrative action in G ermany Germany to permit the German Credit Agreement of 1952 (contained in Annex III to the Agreement on German External Debts and below referred to as "the 1952 Agreement") to come into force on ratification of the Agreement on German External Debts by the Federal Republic of Germany, except that foreign currency payments provided for in the 1952 Agreement, other than those normally arising pursuant to Clause 5 thereof, shall be postponed until the Agreement on German External Debts (below referred to as the "Inte rgovernmental Intergovernmental Agreement") comes into force in accordance with Article 35 thereof. We also refer to the forms of Adherence proposed to be exchanged conditionally between creditors and debtors under the 1952 Agreement in which reference is made (inter alia) to the postponement of foreign currency payments under that Agreement as mentioned above and the debtors agree that upon the 1952 Agreement becoming fully effective pursuant to the said Intergovernmental Agreement, they will make prompt payment to the creditors of all foreign currency payments under the 1952 Agreement which shall in the meantime have been postponed. We hereby agree that the 1952 Agreement shall come into force upon compliance with the provisions of Clause 29 thereof and upon ratification of the said Intergovernmental Agreement by the Federal Republic of Germany, but shall cease to become effective if it is not included in the said Intergovernmental Agreement when the latter Agreement comes into force. Accordingly Clause 2 of the 1952 Agreement shall be read as if the date when compliance shall have been made with Clause 29 of that Agreement and when ratification of the Intergovernmental Agreement shall have been made by the Federal Republic of Germany were inserted therein as the date upon which the provisions of the 1952 Agreement shall come into force. We further agree that, if the 1952 Agreement is included in the said Intergovernmental Agreement when the latter Agreement comes into force in accordance with Article 35 thereof, we will do all such things as are within our respective powers to enable prompt payment to be made to the creditors of all foreign currency payments under the 1952 Agreement which shall in the meantime have been postponed. We confirm that, by agreement between the parties to the 1952 Agreement, the following amendments are to be made to the text of that Agreement as contained in Appendix 5 to the Final Report of the Conference on German External Debts and are to be incorporated in the Agreement in the form in which it is signed, viz: Paragraph (7) of Preamble The words "Government of the Federal Republic or other appropriate authority" to be substituted by the words "appropriate governmental authorities in the Federal Republic of Germany and the Western Sectors of Berlin." The word "and" to be inserted at the end of sub-paragraph (ii) and the same word to be deleted at the end of sub-paragraph (iii). Sub-paragraph (iv) to be preceded by the words "and shall ensure as far as possible that". Clause 1: Definitions The words "and relates to the identification of territory and not to governmental jurisdiction" to be added at the end of the definition of "Federal Republic." Clause 20: Arbitration In sub-Clause (1) the words "who have adhered to this Agreement" to be inserted after the words "German Debtors".