Common use of Principle of Subrogation Clause in Contracts

Principle of Subrogation. 1. In the event that a party has provided a financial guarantee for non-commercial risks in relation to an investment made by an investor of this Party in the territory of the other Party, the latter shall accept the application of the principle of subrogation of the first Party to the economic rights of the investor and not to the rights in rem, as soon as the first Party has made a payment from the guarantee provided.

Principle of Subrogation. 1. In the event that a party Where one Party has provided a granted financial guarantee for security against non-commercial risks in relation to respect of an investment made by an investor one of this Party its investors in the territory of the other Party, the latter shall accept the recognize application of the principle of subrogation of the first Party to the economic rights in respect of the investor and not to the investor's rights in rem, as soon as the first provided that that Party has made a first payment from in connection with the guarantee providedfinancial security granted, without prejudice to the laws on foreign investments in effect in the territory of the Party where the investment was made.

Principle of Subrogation. 1. In the event that a party Party has provided a any financial guarantee security for non-commercial risks in relation to connection with an investment made by an investor of this Party its nationals or companies in the territory of the other Party, the latter shall accept the application of the principle of subrogation of the first Party to the economic rights of the investor and not to from the rights in rem, as soon as time the first Party has made a first payment from the guarantee security provided. This subrogation shall enable the first Party to be the direct beneficiary of any compensation payments to which the initial investor may be entitled.