Subject to all applicable laws and regulations of the Bangko Sentral ng Pilipinas, in each case as in effect as of the date of this Undertaking, but without prejudice to your rights under the Concession Agreement, the Republic assures you that you shall be entitled to:
(a) convert revenues received in Philippine Pesos in connection with the Agreement into foreign exchange from time to time; and
(b) remit outside the Philippines without restriction any foreign exchange received in connection with the Agreement or obtained through the conversion of Philippine Pesos so received.
Should you encounter any difficulties in exercising your rights to convert Philippine Pesos into foreign exchange or remit any foreign exchange abroad, the Republic shall render to you its full assistance to procure that such conversion or remittance takes place expeditiously.