Common use of Authorized Remittances Clause in Contracts

Authorized Remittances. Subject to payment of applicable Taxes and employee salaries in accordance with Lao PDR Law, the Project Company shall be entitled during the Concession Period to remit outside of the Lao PDR all of the following: (a) dividends and other permitted distributions in the Project Company to the Parent(s); and (ii) repayments of outstanding principal and payments for interest and other fees and commissions payable on loans or facilities of any kind made available by any Lender.