Common use of Principle of Subrogation Clause in Contracts

Principle of Subrogation. If one Contracting Party pays an indemnity to one of its investors in relation with an investment in the territory of the other Contracting Party under a guarantee against non-commercial risks, the latter Contracting Party shall recognize the subrogation of the former in the rights or titles of the investor.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs

Principle of Subrogation. If one a Contracting Party pays an indemnity compensation to one of its investors in relation connection with an investment in the territory of the other Contracting Party under Party, by reason of a guarantee against non-commercial risks, the latter that Contracting Party shall recognize the subrogation of the former in the rights or titles of Investor's securities. If national law does not allow subrogation in rights or title, the investorContracting Party concerned shall be entitled to pecuniary compensation.

Appears in 2 contracts

Samples: Agreement, Agreement

Principle of Subrogation. If one either Contracting Party pays an indemnity or its designated agency makes payment to one of its investors under any financial guarantee against non-commercial risks it has granted in relation with regard of an investment in the territory of the other Contracting Party under a guarantee against non-commercial risksParty, the latter Contracting Party shall recognize the subrogation assignment, whether under a law or pursuant to a legal transaction, of any right or claim of that investor to the former in the rights first Contracting Party or titles of the investorits designated agency.

Appears in 2 contracts

Samples: Agreement, Agreement

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

Appears in 2 contracts

Samples: Agreement, Agreement

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

Appears in 2 contracts

Samples: Agreement, Agreement

Principle of Subrogation. (1) If one either Contracting Party pays an indemnity or its designated agency makes payment to one of its investors under any financial guarantee against non-commercial risks it has granted in relation with regard of an investment in the territory of the other Contracting Party under a guarantee against non-commercial risksParty, the latter Contracting Party shall recognize the subrogation of the former in the rights or titles of the investor.recognize:

Appears in 1 contract

Samples: Agreement

Principle of Subrogation. If Where one Contracting Party pays receives a payment under the terms of an indemnity insurance or of a guarantee against non-commercial risks in regard to one of its investors in relation with an investment in the territory of the other Contracting Party under a guarantee against non-commercial risksParty, the latter Contracting Party shall recognize the subrogation of the former in payer to the rights or titles of the investor.

Appears in 1 contract

Samples: investmentpolicy.unctad.org

AutoNDA by SimpleDocs

Principle of Subrogation. 1. If one Contracting Party pays an indemnity contracting party or its designated agency makes payment to one of its investors against non-commercial risks under a guarantee given pursuant to its own regulations in relation connection with an investment in the territory of the other Contracting Party under a guarantee against non-commercial riskscontracting party, the latter Contracting Party shall recognize the subrogation of the former first Contracting Party or its agency in the rights or titles of the said investor.

Appears in 1 contract

Samples: Agreement

Principle of Subrogation. If one 1. In the event that a Contracting Party pays an indemnity to or one of its investors in relation with agencies has granted insurance against non-commercial risks to investments made by an investment investor of that Contracting Party in the territory of the other Contracting Party under a guarantee against non-commercial risksand has made the payment corresponding to the insurance granted, -property of rights in the latter same credit position of the insured investor. Payments to be made to the first Contracting Party or to one of its agencies by virtue of such subrogation shall recognize cover the subrogation of the former situations referred to in the rights or titles of the investorArticle IV.

Appears in 1 contract

Samples: edit.wti.org

Principle of Subrogation. If one an investor of a Contracting Party pays receives payment, pursuant to an indemnity to one of its investors in relation with an investment in the territory of the other Contracting Party under a guarantee insurance contract against non-commercial risks, from an insurer constituted or organised under the latter law of that Contracting Party, the other Contracting Party shall recognize the subrogation assignment of any right or claim of the former in investor to the rights or titles insurer, and the right of the investorinsurer to exercise such right or claim by virtue of subrogation to the same extent as the predecessor in title.

Appears in 1 contract

Samples: edit.wti.org

Principle of Subrogation. If one a Contracting Party pays an indemnity to one of its investors in relation with an investment in the territory of the other Contracting Party or a legal person governed by public or private law duly authorised by it provides, under a guarantee against non-commercial risks, compensation to one of its investors for an investment made in the territory of the other contracting party, the latter Contracting Party shall recognize the subrogation of the former first Contracting Party or of a person duly authorised by the Commission in all the rights or titles of the investorinvestor under this Agreement.

Appears in 1 contract

Samples: edit.wti.org

Time is Money Join Law Insider Premium to draft better contracts faster.