We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Repatriation and Transfer Clause in Contracts

Repatriation and Transfer. 1. Each Contracting Party shall permit in good faith all transfers related to an investment to be made freely and without unreasonable delay into and out of its territory. Such transfers include: (a) returns, (b) proceeds from die sale or liquidation of all or any part of an investment, (c) compensation pursuant to Articles 5 and 6, (d) reimbursements and interest payments deriving from loans in connection with investments, (e) salaries, wages and other remunerations received by the nationals of one Contracting Party who have obtained in the territory of the other Contracting Party the corresponding work permits relative to an investment, (f) payments arising fr om a dispute relating to an investment. 2. Transfers shall be promptly effected in a convertible currency and at the prevailing exchange rate on die day the transfer is made.

Appears in 6 contracts

Samples: Reciprocal Promotion and Protection of Investments Agreement, Agreement on Reciprocal Promotion and Protection of Investments, Reciprocal Promotion and Protection of Investments Agreement

AutoNDA by SimpleDocs

Repatriation and Transfer. 1. Each Contracting Party shall permit in good faith all transfers related to an investment to be made freely and without unreasonable delay into and out of its territory. Such transfers include: (a) returns,Interests, dividends, profits, reimbursements deriving from loans and other similar returns in connection with investments. (b) proceeds Proceeds from die the sale or liquidation of all or any part of an investment, (c) compensation Compensation pursuant to Articles 5 and 6Article III, (dx) reimbursements and interest payments deriving from loans in connection with investments, (e) salariesXxxxxxxx, wages and other remunerations received by the nationals of one Contracting Party who have obtained in the territory of the other Contracting Party the corresponding work permits relative to an investment, (fe) payments Payments arising fr om a dispute relating to from an investmentinvestment dispute. 2. Transfers shall be promptly effected made in a freely convertible currency and at the prevailing rate of exchange rate on die day in force at the date of transfer is madein accordance with laws and regulations of the Contracting Party which admitted the investment.

Appears in 1 contract

Samples: Investment Agreement

AutoNDA by SimpleDocs

Repatriation and Transfer. 1. Each Contracting Party shall permit in good faith all transfers related to an investment Investment to be made freely and without unreasonable delay into and out of its territory. Such transfers include: (a) returns, (b) proceeds from die the sale or liquidation of all or any part of an investment, Investment, (c) compensation pursuant to Articles 5 6 and 67, (d) reimbursements and interest payments deriving from loans in connection with investmentsInvestments, (e) salaries, wages and other remunerations received by the nationals of one Contracting Party who have obtained in the territory of the other Contracting Party the corresponding work permits relative to an investment, (f) payments arising fr om from a dispute relating to an investment. 2. Transfers shall be promptly effected affected in a convertible currency and at the prevailing official exchange rate prevailing on die the day the transfer is made.

Appears in 1 contract

Samples: Investment Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!