Common use of Principle of Subrogation Clause in Contracts

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one If either Contracting Party has granted or its designated agency makes payment to one of its investors under any financial guarantee against non-commercial risks it has granted in regard to of an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party recognize, by virtue of the principle of subrogation subrogation, the assignment of any right or title of that investor to the rights of the investor when payment has been made under this guarantee by the first Contracting PartyParty or its designated agency. The other Contracting Party shall be entitled to set off taxes and other public charges due and payable by the investor.

Principle of Subrogation. Where one If either Contracting Party has granted or its designated agency makes payment to one of its investors under any financial guarantee against non-commercial risks it has granted in regard to of an investment by one of its investors in the State territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party recognise, by virtue of the principle of subrogation subrogation, the assignment of any right or title of that investor to the rights of the investor when payment has been made under this guarantee by the first Contracting PartyParty or its designated agency. The other Contracting Party shall be entitled to set off taxes and other public charges due and payable by the investor.

Principle of Subrogation. Where one a Contracting Party has granted provided any financial guarantee against non-commercial risks in with regard to an investment by one of its investors in the territory of the other Contracting Partycontracting party, the latter shall recognize the rights of the first Contracting Party by virtue on the basis of the principle of subrogation to the rights of the investor when if payment has been made under this guarantee first guaranteed by the first Contracting Partycontracting party.

Principle of Subrogation. Where one a Contracting Party has granted provided any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Partycontracting party, the latter shall recognize the rights of the first Contracting Party by virtue on the basis of the principle of subrogation to the rights of the investor when if payment has been made under this guarantee first guaranteed by the first Contracting Partycontracting party.

Principle of Subrogation. Where one If either Contracting Party has granted or its designated agency makes a payment to one of its investors under any financial guarantee against non-commercial risks it has granted in regard to of an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party recognize, by virtue of the principle of subrogation subrogation, the assignment of any right or title of that investor to the rights of the investor when payment has been made under this guarantee by the first Contracting PartyParty or its designated agency. The other Contracting Party shall be entitled to set off taxes and other public charges due and payable by the investor.

Principle of Subrogation. Where one Contracting Party or its designated agency has granted any financial guarantee against non-commercial risks in with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one If either Contracting Party has granted or its designated agency makes payment to one of its investors under any financial guarantee against non-commercial risks it has granted in regard to of an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party recognize, by virtue of the principle of subrogation subrogation, the assignment of any right of title of that investor to the rights of the investor when payment has been made under this guarantee by the first Contracting PartyParty or its designated agency. The other Contracting Party shall be entitled to set off taxes and other public charges due and payable by the investor.

Principle of Subrogation. Where one If a Contracting Party or its designated agency has granted provided any financial guarantee against of non-commercial risks in with regard to an investment by one of its investors in the territory of the other Contracting Partycontracting party, the latter shall recognize the rights of the first Contracting Party contracting party by virtue of the principle of subrogation to the rights of the investor investor, when payment has been made under this guarantee by the first Contracting PartyParty has made a payment under this guarantee.

Principle of Subrogation. Where one Contracting Party has granted any financial receives a payment under the terms of an insurance or of a guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights subrogation of the first Contracting Party by virtue of the principle of subrogation payer to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.investor. 1-52400

Principle of Subrogation. Where one of the Contracting Party has granted any financial Parties makes a payment to an investor by virtue of a guarantee issued against non-non- commercial risks in regard to respect of an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights subrogation of the first Contracting Party by virtue in respect of the principle of subrogation to the economic rights of the investor when payment who has been made under this guarantee by compensated. With regard to the first real rights related to the investment (right of ownership, use or beneficial interest), subrogation may occur only with the prior authorization of the competent authorities, in accordance with the laws and regulations of the Contracting PartyParty where the investment was made.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the 4h first Contracting Party. This Contracting Party may nevertheless entitle the investor to assert the subrogated rights vis-à-vis the other Contracting Party.

Principle of Subrogation. Where one If either Contracting Party has granted or its designated agency makes a payment to one of its investors under any financial guarantee against non-commercial noncommercial risks it has granted in regard to of an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party recognize, by virtue of the principle of subrogation subrogation, the assignment of any right o title of that investor to the rights of the investor when payment has been made under this guarantee by the first Contracting PartyParty or its designated agency. The other Contracting Party shall be entitled to set off taxes and other public charges due and payable by the investor.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize recognise the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one a Contracting Party has granted any a financial guarantee against non-commercial risks in regard to for an investment by of one of its investors in the territory of the other Contracting PartyParty and has subsequently made a payment under that guarantee, the latter shall recognize the rights of the first other Contracting Party by virtue shall recognise the assignment of the principle of subrogation to all the rights of the investor when payment has been made under this guarantee by to the first Contracting Party. The first Contracting Party may exercise the assigned rights to the same extent as their original holder (investor), taking into account counterclaims arising by law or contract.

Principle of Subrogation. Where one Contracting Party has granted any financial In the case where a contracting party makes a payment to an investor in relation to a guarantee against non-agreement on non- commercial risks in regard relating to an investment by one of its investors made in the territory of the other Contracting Partycontracting party, the latter shall recognize accept the rights subrogation of the first Contracting Party by virtue of the principle of subrogation to contracting party into the rights of the investor when payment has been made under this guarantee by indemnified. As regards the first real rights derived from the inversióon (property rights of use, usufruct), the subrogation not occur only after the approval of the competent authorities and in accordance with the laws and regulations of the Contracting PartyParty where the investment was made.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize recognise the rights of the first Contracting Party by virtue of the principle of subrogation Subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.Part y.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors Investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor Investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-non- commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party or its designated Agency has granted any financial guarantee against non-non- commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where If one of the Contracting Party Parties has granted any financial guarantee against non-commercial risks in with regard to an investment made by one of its investors a national or enterprise in the territory of the other Contracting Partycontracting party, the latter shall recognize the rights of the first Contracting Party contracting party by virtue of the principle of subrogation to the rights of the investor when if payment has been made under this guarantee first guaranteed by the first Contracting Partycontracting party.

Principle of Subrogation. Where one If a Contracting Party or its designated agency has granted any made a payment under a financial guarantee against non-commercial risks in with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue on the basis of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Partyinvestor.

Principle of Subrogation. Where one Contracting Party or its designated Agency has granted any financial guarantee against non-commercial noncommercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial noncommercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first fist Contracting Party.

Principle of Subrogation. Where one If either Contracting Party makes payment to an investor under a guarantee it has granted any financial guarantee against given in respect of non-commercial risks in regard to connected with an investment by one of its investors made in the territory of the other Contracting Party, the latter shall recognize that the former Contracting Party is entitled by virtue of subrogation to exercise the economic rights of the first indemnified investor. With regard to real rights relating to that investment (such as rights of title use and usufruct), subrogation may take place only in accordance with the laws and regulations of the Contracting Party by virtue of where the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Partyinvestment was made.

Principle of Subrogation. Where If one of the Contracting Party Parties has granted any financial guarantee against non-commercial risks in with regard to an investment made by one of its investors an investor in the territory of the other Contracting Partycontracting party, the latter shall recognize the rights of the first Contracting Party by virtue on the basis of the principle of subrogation to the rights of the investor when if payment has been made under this guarantee first guaranteed by the first Contracting Partycontracting party.

Principle of Subrogation. Where one If either Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment respect of investments made by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue on the basis of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by investor, if the first Contracting PartyParty made payments under this guarantee.

Principle of Subrogation. (1) Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party. (2) Questions arising from the subrogation will be consulted among the Contracting Parties on the request of either side.

Principle of Subrogation. Where one Contracting Party has granted any financial makes a payment to an investor by virtue of a guarantee issued against non-commercial risks in regard to respect of an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights subrogation of the first Contracting Party by virtue in respect of the principle of subrogation to the economic rights of the investor when payment who has been made under this guarantee by compensated. With regard to the first real rights related to the investment (right of ownership, use, beneficial interest) subrogation may occur only with the prior authorization of the competent authorities, in accordance with the laws and regulations of the Contracting PartyParty where the investment was made.

Principle of Subrogation. Where one Contracting Party or its Agency has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors an investor in the territory of the other Contracting Party, the latter shall recognize the rights transfer of the first rights or claims of the investor to the former Contracting Party or its Agency by virtue of the principle Principle of subrogation to the rights of the investor Subrogation when payment has been made under this guarantee by the first former Contracting PartyParty or its Agency.

Principle of Subrogation. Where one Contracting Party or its designated agency has granted any financial guarantee against non-commercial risks in with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee against non-commercial risks in regard respect to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party has granted any financial guarantee .guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting Party.

Principle of Subrogation. Where one Contracting Party or its designated agency has granted any financial guarantee against non-commercial risks in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party Party, or its designated agency, by virtue of the principle of subrogation to the rights of the investor when payment has been made under this guarantee by the first Contracting PartyParty or its designated agency.

Principle of Subrogation. Where one If a Contracting Party has granted provided any financial guarantee against non-commercial risks in with regard to an investment by one of its investors in the territory of the other Contracting Partycontracting party, the latter shall recognize the rights of the first Contracting Party contracting party by virtue of the principle of subrogation to the rights of the investor when if payment has been made under this guarantee first guaranteed by the first Contracting Partycontracting party.