Common use of Compensation for Damages Due to War and Similar Events Clause in Contracts

Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of one Party whose investments in the territory of the other Party suffer (a) damages due to war or other armed conflict between such other Party and a third country or (b) damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism in the territory of such other Party, shall be accorded treatment no less favorable than that which the other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or other appropriate settlement with respect to such damages. Both Parties agree that no compensation is owed to nationals or companies responsible for damage to their own investments. 2. In the event that such damages result from: (a) a requisitioning of property by the other Party's forces or authorities, or (b) destruction of property by the other Party's forces or authorities which was not caused in combat action or was not required by the necessity of the situation, the national or company shall be accorded restitution or adequate compensation consistent with Article III. 3. The payment of any indemnification, compensation or other appropriate settlement pursuant to this Article shall be freely transferable.

Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of one either Party whose investments in the territory of the other Party suffer: (a) damages Damages due to war or other armed conflict between such other Party and a third country country, or (b) damages Damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism violence in the territory of such other Party, shall be accorded treatment no less favorable than that which the such other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or any other appropriate settlement with respect to such damages. Both Parties agree that no compensation is owed to nationals or companies responsible for damage to their own investments. 2. In the event that such damages result from: (a) a A requisitioning of property by the other Party's forces or authorities, or (b) destruction Destruction of property by the other Party's forces or authorities which was not caused in combat action or was not required by the necessity of the situationaction, the national or company shall be accorded restitution or adequate compensation consistent in accordance with Article III.Article III. 3. The payment of any indemnification, compensation or any other appropriate settlement granted pursuant to this Article shall be freely transferable.transferable in accordance with the provisions of Article V.Article V.

Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of one Party whose investments in the territory of the other Party suffer (a) damages Damages due to war or other armed conflict between such other Party and a third country or (b) damages Damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism in the territory of such other Party, shall Shall be accorded treatment no less favorable than that which the other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or other appropriate settlement with respect to such damages. Both Parties agree that no compensation is owed to nationals or companies responsible for damage to their own investments. 2. In the event that such damages result from: (a) a A requisitioning of property by the other Party's forces or authorities, or (b) destruction Destruction of property by the other Party's forces or authorities which was not caused in combat action or was not required by the necessity of the situation, the The national or company shall be accorded restitution or adequate compensation consistent with Article III. 3. The payment of any indemnification, compensation or other appropriate settlement pursuant to this Article shall be freely transferable.