Common use of National and Most Favored Nation Treatment Clause in Contracts

National and Most Favored Nation Treatment. 1. Neither Contracting Party shall, in its territory, accord investments and returns of investors of the other Contracting Party treatment that is less favorable than that which it accords to investments and returns of its own investors, or investments and returns of investors of any third state, whichever is more favorable to the concerned investors. 2. Neither Party shall, in its territory, accord investors of the other Contracting Party as regards the acquisition, expansion, operation, management, maintenance, enjoyment, use, sale or disposal of their investments, treatment that is less favorable than that which it accords to its own investors or to investors of any third state, whichever is more favorable to the concerned investors. 3. Each Contracting Party shall accord to investors of the other Contracting Party and their investments and returns the best of the treatments required under Paragraphs (1) and (2) of this article, whichever is more favorable to the investors, their investments and returns. 4. Neither Contracting Party shall, in its territory, impose mandatory measures on investments of investors of the other Contracting Party as regards the purchase of materials, means of production, operation, transport, marketing of its products, or other similar requirements having unreasonable and discriminatory effects. 5. The provisions of Paragraphs (1) and (2) of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of: a. any customs, economic or monetary union, free trade area or similar international agreements, existing at present or to be established in the future, to which either Contracting Party is or may become a party in the future; or b. any international agreement or arrangement, wholly or partially related to taxation.

Appears in 3 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

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National and Most Favored Nation Treatment. 1. Neither Contracting Party shall, in its territory, accord investments and returns of investors of the other Contracting Party treatment that is less favorable than that which it accords to investments and returns of its own investors, or investments and returns of investors of any third state, whichever is more favorable to the concerned investors. 2. Neither Party shall, in its territory, accord investors of the other Contracting Party as regards the acquisition, expansion, operation, management, maintenance, enjoyment, use, sale or disposal of their investments, treatment that is less favorable than that which it accords to its own investors or to investors of any third state, whichever is more favorable to the concerned investors. 3. Each Contracting Party shall accord to investors of the other Contracting Party and their investments and returns the best of the treatments appropriate treatment required under Paragraphs (1) and (2) of this article, whichever is more favorable to the investors, their investments and returns. 4. Neither Contracting Party shall, in its territory, impose mandatory measures on investments of investors of the other Contracting Party as regards the purchase of materials, means of production, operation, transport, marketing of its products, or other similar requirements having discriminatory and unreasonable and discriminatory effects. 5. The provisions of Paragraphs (1) and (2) of this Article article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of: a. any existing or future customs, economic or monetary union, free trade area or similar international agreements, existing at present or to be established in the future, agreements to which either Contracting Party is or may become a party in the future; or. b. any international agreement or arrangement, wholly or partially related to taxation.

Appears in 1 contract

Samples: Reciprocal Promotion and Protection of Investments Agreement

National and Most Favored Nation Treatment. 1. Neither Contracting Party shall, in its territory, accord investments and returns of investors of the other Contracting Party treatment that is less favorable than that which it accords to investments and returns of its own investors, or investments and returns of investors of any third state, whichever is more favorable to the concerned investors. 2. Neither Party shall, in its territory, accord investors of the other Contracting Party as regards the acquisition, expansion, operation, management, maintenance, enjoyment, use, sale or disposal of their investments, treatment that is less favorable than that which it accords to its own investors or to investors of any third state, whichever is more favorable to the concerned investors. 3. Each Contracting Party shall accord to investors of the other Contracting Party and their investments and returns the best of the treatments required under Paragraphs (1) and (2) of this article, whichever is more favorable to the investors, their investments and returns. 4. Neither Contracting Party shall, in its territory, impose mandatory measures on investments of investors of the other Contracting Party as regards the purchase of materials, means of production, operation, transport, marketing of its products, or other similar requirements having unreasonable and discriminatory effects. 5. The provisions of Paragraphs (1) and (2) of this Article article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of: a. any customs, economic or monetary union, free trade area or similar international agreements, existing at present or to be established in the future, to which either Contracting Party is or may become a party in the future; or b. any international agreement or arrangement, wholly or partially related to taxation.

Appears in 1 contract

Samples: Investment Agreement

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National and Most Favored Nation Treatment. 1. Neither Contracting Party shall, in its territory, accord investments and returns of investors of the other Contracting Party treatment that is less favorable than that which it accords to investments and returns of its own investors, or investments and returns of investors of any third state, whichever is more favorable to the concerned investors. 2. Neither Party shall, in its territory, accord investors of the other Contracting Party as regards the acquisition, expansion, operation, management, maintenance, enjoyment, use, sale or disposal of their investments, treatment that is less favorable than that which it accords to its own investors or to investors of any third state, whichever is more favorable to the concerned investors. 3. Each Contracting Party shall accord to investors of the other Contracting Party and their investments and returns the best of the treatments appropriate treatment required under Paragraphs (1) and (2) of this article, whichever is more favorable to the investors, their investments and returns. 4. Neither Contracting Party shall, in its territory, impose mandatory measures on investments of investors of the other Contracting Party as regards the purchase of materials, means of production, operation, transport, marketing of its products, or other similar requirements having discriminatory and unreasonable and discriminatory effects. 5. The provisions of Paragraphs (1) and (2) of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of: a. any existing or future customs, economic or monetary union, free trade area or similar international agreements, existing at present or to be established in the future, agreements to which either Contracting Party is or may become a party in the future; or. b. any international agreement or arrangement, wholly or partially related to taxation.

Appears in 1 contract

Samples: Reciprocal Promotion and Protection of Investments Agreement

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