Common use of Exchange Rates Clause in Contracts

Exchange Rates. 1. The transfers referred to in Articles 4 and 5 of this Agreement shall be made:Articles 4 and 5 of this Agreement shall be made: a) At the exchange rates prevailing on the date of transfer, b) In accordance with the exchange regulations in force in the State in whose territory the investment was made. 2. These rates shall in no way be less favourable than those granted to the investors of the most favoured nation, especially by virtue of specific commitments provided for in any agreement or arrangement dealing with the protection of investments. 3. The applied rates shalt be in any case fair and equitable.

Exchange Rates. (1. ) The transfers referred to in Articles 4 and 5 of this Agreement shall be made:Articles 4 and 5 effected at the rates of this Agreement shall be made: a) At the exchange rates prevailing applicable on the date of transfer, b) In accordance with transfer pursuant to the exchange regulations in force in for the State in whose territory the investment was madevarious classes of transactions. (2. ) These rates shall in no way case be less favourable than those granted accorded to the investors nationals of the most favoured nation, especially by virtue in particular, under specific undertakings laid down in agreements or arrangements concluded in the matter of specific commitments provided for in any agreement or arrangement dealing with the protection of investments. 3. The applied rates shalt be in any case fair and equitable.

Exchange Rates. 1. The transfers referred to in Articles articles 4 and 5 of this Agreement shall be made:Articles 4 and 5 of this Agreement shall be made: a) At effected at the exchange rates prevailing applicable on the date of the transfer, b) In , in accordance with the exchange regulations in force in for the State in whose territory the investment was madevarious classes of transactions. 2. These rates shall in no way case be less favourable than those granted accorded to the investors nationals or corporations of the most favoured nationthird countries under, especially by virtue of for instance, specific commitments provided for commitment contained in any agreement investment protection agreements or arrangement dealing with the protection of investmentsarrangements. 3. The In all cases, the rates applied rates shalt shall be in any case fair and equitable, taking into account the usual fees and charges which may be imposed for exchange operations.