Free Transfer. (1) Each Contracting Party in whose State territory investments have been made by investors of the other Contracting Party shall grant those investors the free transfer of the payments relating to these investments, particularly of: a) returns according to Article 1, paragraph (3) of this Agreement; b) amounts relating to loans incurred, or other contractual obligations undertaken, for the investment; c) proceeds accruing from the total or partial sale, alienation or liquidation of an investment. Transfers shall be effected without delay, in convertible currency. (2) Unless otherwise agreed with the investor, transfers shall be made pursuant to the national laws and regulations in force of the Contracting Party in whose State territory the investment was made, at the rate of exchange applicable on the date of transfer.
Appears in 12 contracts
Samples: Agreement on the Promotion and Reciprocal Protection of Investments, Agreement Between the Government of the Republic of Latvia and the Government of Romania on the Promotion and Reciprocal Protection of Investments, Agreement on the Promotion and Reciprocal Protection of Investments
Free Transfer. (1) Each Contracting Party in whose State territory investments have been made by made, shall allow without delay the investors of the other Contracting Party shall grant those investors the free transfer of the payments relating to funds in connection with these investmentsinvestments in a freely convertible currency, particularly ofof :
(a) returns according to Article 1interests, paragraph (3) of this Agreementdividends, profits and other returns;
(b) amounts relating repayments of a loan agreement related to loans incurred, or other contractual obligations undertaken, for the investment;
(c) any capital or proceeds accruing from the total sale or partial sale, alienation sale or liquidation of the investment;
(d) compensation for expropriation or loss described in Article 6 of this Agreement; and
(e) earnings of personnel who are allowed to work in connection with an investment. Transfers shall be effected without delay, in convertible currency.
(2) Unless otherwise agreed with the investor, transfers shall be made pursuant to the national laws and regulations in force but are not nationals of the Contracting Party in whose State territory the investment was is made, .
(2) Transfers shall be made at the exchange rate of exchange applicable applying on the date of transfertransfer in accordance with the law of the Contracting Party which has admitted the investment.
Appears in 2 contracts
Samples: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement
