Common use of covered investments Clause in Contracts

covered investments. 2. A Party's obligations under this Agreement shall apply to any person when it exercises any governmental authority delegated to it by that Party. For greater certainty, governmental authority is delegated under the Party's laws, including through a legislative grant or a government order, directive or other action transferring or authorising the exercise of governmental authority.

covered investments. 2. A Party's ’s obligations under this Agreement shall apply to any person when it exercises any governmental authority delegated to it by that Party. For greater certainty, governmental authority is delegated under the Party's ’s laws, including through a legislative grant or a government order, directive or other action transferring or authorising the exercise of governmental authority.