Spanish To English Translation

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When the Director Normal is of the view that a Social gathering’s failure to take action pursuant to Article XI(c) has impaired the Company’s ability to comply with the Core Rules, the Director General shall contact that Celebration to hunt a decision of the state of affairs and will, in line with the circumstances established by the Assembly of Parties pursuant to Article IX(e), convene an extraordinary meeting of the Meeting of Parties.

The Celebration selected pursuant to paragraph (a) to symbolize all Parties in the course of the interval wherein ITSO retains the assignments shall, upon the receipt of the notification by the Depositary of the approval, acceptance or ratification of the current Settlement by a Get together selected by the Meeting of Parties to act as a Notifying Administration for the Company, switch such assignments to the chosen Notifying Administration(s).

If a Get together appears to have didn’t adjust to any obligation below this Settlement, the Assembly of Parties, having obtained notice to that effect or acting on its own initiative, and having thought of any representations made by the Social gathering, might resolve, if it finds that the failure to comply has in actual fact occurred, that the Party be deemed to have withdrawn from ITSO.

The Meeting of Parties shall consider each proposed modification at its first unusual meeting following its distribution by the chief organ, or at an earlier extraordinary meeting convened in accordance with the procedures of Article IX of this Settlement, provided that the proposed modification has been distributed by the executive organ at the very least ninety days earlier than the opening date of the assembly.