Common use of Principle of Subrogation Clause in Contracts

Principle of Subrogation. (1) If a Contracting Party or its designated agency makes a payment in respect of an investment in the territory of the other contracting party, the latter Contracting Party shall recognize the first assignment to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or agency dé-signé by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investor.

Appears in 6 contracts

Samples: edit.wti.org, edit.wti.org, edit.wti.org

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Principle of Subrogation. (1) If a Contracting Party or its designated agency makes a payment to a national or company pursuant to a guarantee it has granted in respect of to an investment in the territory of the other contracting partyContracting Party, the latter Contracting Party shall recognize the first assignment of any right or title of such national or company to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor former Contracting Party and the right subrogation of the former Contracting Party to any such right or agency dé-signé by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investortitle.

Appears in 3 contracts

Samples: edit.wti.org, edit.wti.org, edit.wti.org

Principle of Subrogation. (1) If a Contracting Party or its designated agency makes a payment in respect of an investment in the territory of the other contracting party, the latter Contracting Party shall recognize the first assignment to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or its designated agency dé-signé by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investor.

Appears in 2 contracts

Samples: edit.wti.org, edit.wti.org

Principle of Subrogation. (1) If a Contracting Party or its a body designated agency by it makes a payment in respect by way of compensation for an investment made in the territory of the other contracting partyContracting Party, the latter Contracting Party shall recognize the first assignment to the contracting party first Contracting Party or its to the body designated agency by it, by virtue of law or pursuant to a contract contract, of all the rights and claims of indemnified the compensated investor and the right of the former first Contracting Party or agency dé-signé the body designated by it to exercise such rights and enforce such claims by virtue way of subrogation subrogation, to the same extent as the investor.

Appears in 2 contracts

Samples: edit.wti.org, edit.wti.org

Principle of Subrogation. (1) If a Contracting Party or any of its designated agency makes agencies made a payment to an investor by virtue of a guarantee or insurance that has engaged in respect of connection with an investment in the territory of investment, the other contracting party, the latter Contracting Party shall recognize the first assignment to validity of the contracting party right of subrogation or its designated any action of the investor in favour of that Contracting Party or agency. The Contracting Party or contractual subrogation agency by law or pursuant to a contract shall have the same rights as those of all rights and claims of indemnified the investor and where exercising such rights shall be subject to the right obligations of the former Contracting Party or agency dé-signé by it insured investor related to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investorinvestment.

Appears in 2 contracts

Samples: Investment Promotion and Protection Agreement, edit.wti.org

Principle of Subrogation. (1) If a one Contracting Party or its designated agency Agency makes a payment under an indemnity given in respect of an investment in the territory of the other contracting partyContracting Party, the latter Contracting Party shall recognize recognise the first assignment to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or agency dé-signé its designated Agency by it law or by legal transaction of all the rights and claims of the indemnified investor and that the former Contracting Party is entitled to exercise such rights and enforce such claims by virtue of subrogation subrogation, to the same extent as the that investor.. Article 9

Appears in 2 contracts

Samples: investmentpolicy.unctad.org, app-umb-boi-ne.azurewebsites.net

Principle of Subrogation. (1) If a one Contracting Party or its designated agency Agency ("the first Contracting Part makes a payment under any insurance policy or any financial guarantee against non-commercial risks given in respect of an investment in the territory of the other contracting partyContracting Party ("the second Contracting Party"), the latter second Contracting Party shall recognize the first assignment to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or agency dé-signé by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investor.recognise

Appears in 2 contracts

Samples: Agreement, investmentpolicy.unctad.org

Principle of Subrogation. (1) . If a Contracting Party or its designated any agency thereof makes a payment to any of its investors under a guarantee or insurance in respect of an investment in the territory of to investment, the other contracting party, the latter Contracting Party shall recognize the first assignment to validity of the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right subrogation in favor of the former Contracting Party or agency dé-signé thereof to any right or xxxxxx held by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investor, provided that that investor has exhausted the legal and administrative means for settlement of disputes in the territory of the host Contracting Party.

Appears in 2 contracts

Samples: Agreement, Agreement

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Principle of Subrogation. (1) If a Contracting Party or its a body designated agency by it makes a payment in respect by way of compensation for an investment made in the territory of the other contracting partyContracting Party, the latter Contracting Party shall recognize the first assignment to the contracting party first Contracting Party or its to the body designated agency by it, by law or pursuant to a contract by contract, of all the rights and claims of indemnified the compensated investor and the right of the former first Contracting Party or agency dé-signé the body designated by it to exercise such rights and enforce such claims by virtue way of subrogation subrogation, to the same extent as the investor.

Appears in 2 contracts

Samples: Agreement, Agreement

Principle of Subrogation. (1) . If a one of the Contracting Party Parties or its designated agency makes (for the purposes of this Article, the "First Contracting Party"), paid an amount of money under a payment in respect of guarantee given regarding an investment in the territory of the other contracting partyContracting Party (for the purposes of this article, the latter "Second Contracting Party"), the Second Contracting Party shall recognize the first assignment to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or agency dé-signé by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investor.must recognize:

Appears in 1 contract

Samples: Agreement

Principle of Subrogation. (1) If a one Contracting Party or its designated agency Agency makes a payment under an indemnity given in respect of an investment in the territory of the other contracting partyContracting Party, the latter Contracting Party shall recognize recognise the first assignment to the contracting party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or agency dé-signé its designated Agency by it law or by legal transaction of all the rights and claims of the indemnified investor and that the former Contracting Party is entitled to exercise such rights and enforce such claims by virtue of subrogation subrogation, to the same extent as the that investor.

Appears in 1 contract

Samples: edit.wti.org

Principle of Subrogation. (1) If a Contracting Party or its designated agency makes a payment in respect of an investment in the territory of the other contracting partyContracting Party, the latter Contracting Party shall recognize the first assignment to the contracting party Contracting Party or its designated agency by law or pursuant to a contract of all rights and claims of indemnified the investor and the right of the former Contracting Party or its designated agency dé-signé by it to exercise such rights and enforce such claims by virtue of subrogation to the same extent as the investor.

Appears in 1 contract

Samples: Agreement

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