Repatriation. 1. Each Contracting Party shall guarantee to nationals or companies of the other Contracting Party the free transfer, on a nondiscriminatory basis, of their capital and the returns from any investments. The transfers shall be made in a freely convertible currency, without any restriction or undue delay. Such transfers shall include in particular, though not exclusively:
(a) profits, capital gains, dividends, royalties, interest and other current income accruing from an investment;
(b) the proceeds of the total or partial liquidation of an investment;
(c) repayments made pursuant to a loan agreement in connection with an investment;
(d) license fees in relation to the matters in Article l(l)(d);
(e) payments in respect of technical assistance, technical service and management fees;
(f) payments in connection with contracting projects;
(g) earnings of nationals of the other Contracting Party who work in connection with an investment in the territory of the former Contracting Party.
2. Nothing in paragraph 1 of this Article shall affect the free transfer of compensation paid under Articles 6 and 7 of this Agreement.
Repatriation. Notwithstanding anything to the contrary pursuant to Section 2.10, to the extent that Holdings or the Borrower has reasonably determined in good faith that:
(i) any or all of the Net Asset Sale Proceeds received by a Foreign Subsidiary (other than any Foreign Credit Party) giving rise to a prepayment event pursuant to Section 2.10(a) (a “Foreign Disposition”), the Net Insurance/Condemnation Proceeds received from a Foreign Subsidiary (other than any Foreign Credit Party) (a “Foreign Casualty Event”) or Excess Cash Flow of a Foreign Subsidiary (other than any Foreign Credit Party) are prohibited or delayed by applicable local law from being repatriated to the United States, the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Loans at the times provided in this Section 2.12 but may be retained by such Foreign Subsidiary so long, but only so long, as the applicable local law will not permit repatriation to the United States (the Borrower hereby agreeing to cause such Foreign Subsidiary to use its commercially reasonable efforts to promptly take all actions reasonably required by the applicable local law to permit such repatriation), and once such repatriation of any of such affected Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow is permitted under the applicable local law, such repatriation will be immediately effected and such repatriated Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow will be promptly (and in any event not later than two Business Days after such repatriation) applied (net of additional taxes payable or reserved against as a result thereof) to the repayment of the Loans pursuant to this Section 2.12 to the extent provided herein, or (ii) repatriation to the United States of any or all of the Net Cash Proceeds of any Foreign Disposition or any Foreign Casualty Event or any or all of the Excess Cash Flow of a Foreign Subsidiary (other than any Foreign Credit Party) would have material adverse tax consequences (relative to the relevant Foreign Disposition, Foreign Casualty Event or Excess Cash Flow and taking into account any foreign tax credit, benefit actually realized in connection with such repatriation and any deductions permitted under Sections 243, 245 or 245A of the Code or any similar Code provision with respect to actual distributions by such Foreign Subsidiary) with respect to such Net Asset Sale Proceeds, ...
Repatriation. Notwithstanding the foregoing, if the Borrower reasonably determines in good faith that any amounts attributable to Foreign Subsidiaries that are required to be prepaid pursuant to Sections 2.05(e) and 2.05(h) would result in material adverse tax consequences or violate any applicable local law in respect of upstreaming proceeds (including financial assistance and corporate benefit restrictions and statutory duties of the relevant directors), in each case as set forth in a certificate delivered by a Responsible Officer of the Borrower to the Administrative Agent, then such Borrower and its Restricted Subsidiaries shall not be required to prepay such amounts as required under Sections 2.05(e) and 2.05(h) the repatriation of which would result in such tax consequence or violation until such material tax consequences or local law violation no longer exist; provided that, for a period of one year following the date on which such payment was originally required, the Borrower and its Restricted Subsidiaries shall take commercially reasonable actions to permit repatriation of the proceeds subject to such prepayments in order to effect such prepayments without violating local law or incurring such material adverse tax consequences.
Repatriation. The Employee shall be entitled to repatriation to country of domicile at Company’s expenses when following conditions are given:
a) After completion of his assignment as per article 1.3.
b) When signing off owing to sickness or injury.
c) Failure of probationary period.
d) Upon the loss, laying-up or sale of the vessel.
e) If the vessel has been arrested (whether by an Employee or not) provided the vessel has remained under arrest for more than 14 (fourteen) days.
f) Refusal by the appropriate authority to grant a work permit/visa or its renewal, when Employee is already on board the vessel.
g) On discharge according to articles 13b, 13c, 13d and 13e. Repatriation shall take place in a way that meets with all reasonable requirements with regard to comfort. The Company shall be liable for the cost of maintaining the Employee ashore until repatriation takes place. Additional Terms & Conditions, if any, are indicated in Annex 1.
Repatriation. 31.1 The Customer shall provide free of charge, emergency repatriation from a vessel or work site to a place of safety in the event of circumstances warranting emergency repatriation including without limitation damage or danger to the vessel or work site, sickness, injury, death, risk of infection, emergency, war, insurgency, civil unrest or natural disaster and shall perform such obligations to the fullest extent reasonably possible notwithstanding the existence of a Force Majeure Event.
31.2 In the case of the Engineer having a medical emergency on board a vessel or work site, then the Customer shall have the Engineer transferred from the vessel or work site to an agreed local hospital. Sonardyne will arrange any necessary emergency repatriation from the hospital back to the Engineer’s home country.
Repatriation. (1) Each Contracting Party shall guarantee to nationals and/ or companies of the other Contracting Party the free transfer, in accordance with its laws and regulations and on a non-discriminatory basis, of their investment and the returns from any investments, including—
(a) Profits, capital gain, dividends , royalties , interests and other current income accruing from any investment;
(b) The proceeds of the total or partial liquidation of any investment;
(c) Repayments made pursuant to a loan agreement in connection with investment;
(d) Licence fees in relation to the matters in Article 1 (d);Article 1 (d);
(e) Payments in respect of technical assistance, technical services and management fees;
(f) Payments in connection with contracting projects;
(g) Earnings of nationals of the other Contracting Party who work in connection with an investment in the territory of the Contracting Party.
(2) Nothing in paragraph (1) of this Article shall affect the free transfer of compensation paid under Article 6 of this Agreement.paragraph (1) of this Article shall affect the free transfer of compensation paid under Article 6 of this Agreement.
Repatriation. In the event of Your death during a trip, as a result of an Accident or unexpected Sickness covered under the Policy Benefits, the Company will reimburse for:
a) preparation and return of Your body, including the cost of a standard shipping container (excluding the cost of a casket) to Your country of permanent residence to a maximum of $12,000; or,
b) burial or cremation at the place of death (excluding cost of a burial coffin or urn), in the event Your body is not returned to Your country of permanent residence, to a maximum of $5,000 .
Repatriation. 1. Each Contracting Party shall guarantee to nationals or companies of the other Contracting Party the free transfer, on a non-discriminatory basis, of their capital and the returns from any investments. The transfers shall be made in a freely convertible currency, without any restriction or undue delay. Such transfers shall include in particular, though not exclusively:
a) Profits, capital gains, dividends, royalties, interest and other current income accruing from an investment;
b) The proceeds of the total or partial liquidation of an investment;
c) Repayment made pursuant to a loan agreement in connection with an investment;
d) License fees in relation to the matters in Article 1 (1)(d);
e) Payments in respect of technical assistance, technical service and management fees;
f) Payments in connection with contracting projects;
g) Earnings of nationals of the other Contracting Party who work in connection with an investment in the territory of the former Contracting Party.
Repatriation. The Company and the Company Subsidiaries will use their commercially reasonable efforts (in the manner reasonably requested in writing by Parent at least ten (10) Business Days prior to the Closing) to distribute or transfer or cause to be distributed or transferred (including through loans, prepayments of obligations or the repayment of intercompany obligations) to the Company immediately before the Closing any cash balances held by any non-U.S. Subsidiaries to the Company; provided, however, that no distribution or transfer will be required to be made (i) to the extent such distribution or transfer (x) would be subject to withholding or other Taxes prior to the Closing or (y) would violate applicable Law or any minimum cash balance or capital surplus requirements applicable to such Company Subsidiaries, (ii) unless and until all of the conditions to the Merger set forth in Section 7.1 and Section 7.2 have been satisfied or waived (other than those conditions that by their nature are to be satisfied or waived (if permitted hereunder) at the Closing, but subject to the satisfaction or waiver (to the extent permitted hereunder) of such conditions at the Closing) and (iii) to the extent the distribution or transfer, plus other distributions or transfers made pursuant to this Section 6.17, would cause the Company or the Company Subsidiaries, taken as a whole, to incur any Taxes in excess of $5,000,000. If any cash balances distributed or transferred pursuant to this Section 6.17 are paid to direct or indirect equity holders of the Company, such payments shall be treated as Merger Consideration subject to Section 1001 of the Code (or any corresponding or similar provision of state, local, or foreign Laws). Notwithstanding anything in this Agreement to the contrary, and if the Closing does not occur for any reason, Parent shall promptly reimburse the Company and the Company Subsidiaries for any costs, expenses, or Taxes incurred by the Company or the Company Subsidiaries in connection with the assistance or distributions contemplated by this Section 6.17.
Repatriation. Each Contracting Party shall guarantee to nationals or companies of the other Contracting Party the free transfer, on a non- discriminatory basis, of their capital and the returns from any investments, including:
(a) Profits, capital gain, dividends, royalties, interests and other current income accruing from any investments;
(b) The proceeds of the total or partial liquidation of any investment;
(c) Repayments made pursuant to a loan agreement in connection with investments;
(d) License fees in relation to the matters in Article 1(1) (d);
(e) Payments in respect of technical assistance, technical service and management fees;
(f) Payments in connection with contracting projects;
(g) Earnings of nationals of the other Contracting Party who work in connection with an investment in the territory of the former Contracting Party.
