Free Transfers. 1. Each Contracting Party shall ensure to investors of the other Party the right to move freely and without delay, of their investments and transfer payments related to investments in its territory and from its territory. These transfer charges include, but are not limited to: a) Initial capital and additional sums to maintain or raise the investment; b) Yield; c) Payments made on the basis of a contract, including a loan agreement; d) The proceeds from the sale or liquidation of the investment in whole or in part; e) Compensation payable pursuant to Articles 5, 6 and 8 of this Agreement; f) Payments resulting from the settlement of a dispute on investment; g) Earnings and other remuneration of staff recruited from abroad. 2. Each Contracting Party shall also ensure that the transfer charges referred to in paragraph 1 of this Article are carried out without restriction in a freely convertible currency and at the market rate applicable to the transferable currency prevailing on the date of transfer and that they are immediately transferable. 3. If a foreign exchange market is not available, the applicable exchange rate corresponds to the latest exchange rate used to convert currencies into special drawing rights. 4. If a host contractor causes a delay in the transfer, the transfer shall include the interest rate on the relevant currency at the market rate from the date on which the transfer is requested until the date of transfer and that Party shall be responsible for paying it.
Appears in 3 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
