Common use of Repatriation and Transfer Clause in Contracts

Repatriation and Transfer. Each Contracting Party shall permit in good faith the following transfers related to investments referred to in this Agreement, to be made freely and without delay. Such transfer shall in particular include: a) Returns; b) Proceeds from the sale and /or liquidation of all or part of an investment; c) Royalties and fees related to transfer of technology agreement; d) Sums paid pursuant to Articles 7 and /or 8 of this Agreement; e) Loan installments related to an investment; f) Monthly salaries and wages received by the employees of an investor who have obtained in its territory, the corresponding work permits related to that investment; and g) Payments arising from decision of the courts or arbitration tribunals referred to in Article 12 The above transfers shall be effected in a freely convertible currency and at the prevailing rate of exchange on the date of transfer. A Transfer shall be deemed to have been made "without delay" if effected within such period as is normally required for the completion of transfer formalities.

Repatriation and Transfer. Each Contracting Party shall permit in good faith the following transfers related to investments referred to in this Agreement, to be made freely and without delay. Such transfer shall in particular include: a) Returns; b) Proceeds from the sale and /or liquidation of all or part of an investment; c) Royalties and fees related to transfer of technology agreement; d) Sums paid pursuant to Articles 7 and /or 8 of this Agreement; e) Loan installments related to an investment; f) Monthly salaries and wages received by the employees of an investor who have obtained in its territory, the corresponding work permits related to that investment; and g) Payments arising from decision of the courts or arbitration tribunals referred to in Article 12 The above transfers shall be effected in a freely convertible currency and at the prevailing rate of exchange on the date of transfer. A Transfer shall be deemed to have been made "“without delay" ” if effected within such period as is normally required for the completion of transfer formalities.