Common use of Compensation for Damage or Loss Clause in Contracts

Compensation for Damage or Loss. 1 — When investments made by investors of either Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Party they shall be accorded by the latter Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than the treatment that the latter Party accords to its own investors or to investors of any third State, whichever is more favourable to the investors concerned. 2 — Without prejudice to paragraph 1 of this article and of article 5, investors of one Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Party resulting from: a) requisitioning of their property or part thereof by its forces or authorities; b) destruction of their property or part thereof by its forces or authorities which was not caused in combat or was not required by the necessity of the situation; Shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning as a result of destruction of their property. Resulting payments shall be made in freely convertible currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — 1. When investments Investment made by investors Investors of either contracting Party suffer loss or damage losses owing to war or other armed conflict, civil disturbancesrevolution, a state of national emergency, revolutionrevolt, insurrection or riot or other similar events in the territory of the other Party Contracting Party, they shall be accorded by the latter Party Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable favorable than the treatment that which the latter Contracting Party accords to its own investors or to investors of any third State, Party whichever is more favourable to the investors concernedmost favorable. 2 — 2. Without prejudice to paragraph 1 Paragraph (1) of this article and of article 5Article, investors Investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: (a) requisitioning Requisition of their Investment or property or part thereof by its forces or authorities;; or (b) destruction Destruction of their Investment or property or part thereof by its forces or authorities which was not caused in combat action or was not required by the necessity of the situation; Shall shall be accorded a promptexpeditious, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of the destruction of their the property. Resulting payments shall be made in a freely convertible usable currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — 1. When investments made by investors of either Contracting Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party they shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable favorable than the treatment that the latter Contracting Party accords to its own investors or to investors of any third State, whichever is more favourable favorable to the investors concerned. 2 — 2. Without prejudice to paragraph 1 of this article and of article 5Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) requisitioning Requisitioning of their property or part thereof by its forces or authorities; b) destruction Destruction of their property or part thereof by its forces or authorities authorities, which was not caused in combat or was not required by the necessity of the situation; Shall , shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of destruction of their property. Resulting payments shall be made in freely convertible currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — 1. When investments made by investors of either Contracting Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party they shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than the treatment that the latter Contracting Party accords to its own investors or to investors of any third State, whichever is more favourable to the investors concerned. 2 — 2. Without prejudice to paragraph 1 of this article and of article 5Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) a. requisitioning of their property or part thereof by its forces or authorities; b) b. destruction of their property or part thereof by its forces or authorities which was not caused in combat or was not required by the necessity of the situation; Shall , shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of destruction of their property. Resulting payments shall be made in freely convertible currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — When 1. In the event that investments made by investors of either Party suffer loss one of the Contracting Parties incur losses or damage owing to as a result of war or other armed conflictconflicts, civil disturbancesunrest, a state of national emergency, revolutionrevolutions, riot riots or similar events in the territory of the other Party they shall be accorded by the latter Party treatmentContracting Party, as regards in respect of restitution, indemnificationcompensation , of compensation or other settlementforms of compensation, not the host Contracting Party shall ensure a regime no less favourable favorable than the treatment that the latter Party accords to provided by its own investors or to investors of any third Statestate, whichever depending on which regime is more favourable to the investors concernedfavorable for investors. 2 — 2. Without prejudice to the provisions of paragraph 1 of this article and of article 5article, to investors of one a Contracting Party who who, in any of the events cases referred to in that paragraph suffer 1 of this article, have suffered damage or loss in the territory of the other Contracting Party resulting fromas a result of: a) requisitioning requisition of their property or its part thereof by its forces or the authorities; b) The destruction of their property or its part thereof by its forces or authorities which was that were not caused in combat or was not required by the necessity of the situation; Shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning as a result of destruction hostilities and the need for a situation, Will be promptly, adequately and effectively compensated for the loss or damage which was suffered during the seizure of their propertyproperty or as a result of their destruction. Resulting Final payments shall must be made in freely convertible currency and be are freely transferable without delay.

Compensation for Damage or Loss. 1 — When investments made by investors of either Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Party they shall be accorded by the latter Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than the treatment that the latter Party accords to its own investors or to investors of any third State, whichever is more favourable to the investors concerned. 2 — Without prejudice to paragraph 1 of this article and of article 5, investors of one Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Party resulting from: a) requisitioning of their property or part thereof by its forces or authorities; b) destruction of their property or part thereof by its forces or authorities which was not caused in combat or was not required by the necessity of the situation; Shall shall be accorded a prompt, adequate and effective compensation com- pensation or restitution for the damage or loss sustained during the period of requisitioning as a result of destruction destruc- tion of their property. Resulting payments shall be made in freely convertible currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — 1. When investments made by investors of either Contracting Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party they shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable favorable than the treatment that the latter Contracting Party accords to its own investors or to investors of any third State, whichever is more favourable favorable to the investors concerned. 2 — 2. Without prejudice to paragraph 1 of this article and of article 5Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) requisitioning of their property or part thereof by its forces or authorities; b) destruction of their property or part thereof by its forces or authorities which was not caused in combat or was not required by the necessity of the situation; , Shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of destruction of their property. Resulting payments shall be made in freely convertible currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — 1. When investments made by investors of either Contracting Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party they shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than the treatment that the latter Contracting Party accords to its own investors or to investors of any third State, whichever is more favourable to the investors concerned. 2 — 2. Without prejudice to paragraph 1 of this article and of article 5Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) a. requisitioning of their property or part thereof by its forces or authorities; b) b. destruction of their property or part thereof by its forces or authorities which was not caused in combat or was not required by the necessity of the situation; Shall , shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of destruction of their property. Resulting Resilting payments shall be made in freely convertible currency and be freely transferable without delay.

Compensation for Damage or Loss. 1 — 1. When investments made by investors of either Contracting Party suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party they shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable favorable than the treatment that the latter Contracting Party accords to its own investors or to investors of any third State, whichever is more favourable favorable to the investors concerned. 2 — 2. Without prejudice to paragraph 1 of this article and of article 5Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) requisitioning of their property or part thereof by its forces or authorities; b) destruction of their property or part thereof by its forces or authorities authorities, which was not caused in combat or was not required by the necessity of the situation; Shall , shall be accorded a prompt, adequate and effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of destruction of their property. Resulting payments shall be made in freely convertible currency and be freely transferable without delay.