Repatriation of Capital and Profits Sample Clauses

Repatriation of Capital and Profits. (1) Each Contracting Party shall guarantee in connection with investments by investors of the other Contracting Party the transfer: a) the product of invested capital or liquidation or total or partial liquidation of the investment; b) profits made and other current income from investments; c) Payments made for repayment of loans for investments and the interest due; d) the compensation amounts set out in Art. 4; e) earnings of citizens who have permission to work in an investment made in the territory of the other Contracting Party. (2) Such transfers shall be made in accordance with regulations in force in each country instead. (3) Each Contracting Party shall accord, after fulfilling legal obligations incumbent upon investors to provide the necessary permits without delay execution of transfers mentioned in paragraph 1 of this Article.
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Repatriation of Capital and Profits. 1) Each Contracting State shall guarantee and without undue delay after the payment of all fiscal obligations, the transfer in any convertible currency of: a) Net profits, dividends, royalties, expenditure on technical assistance and service, interest and other current proceeds accruing from any investment of an investor of the other Contracting State; b) Payments arising from the total or partial sale or the total or partial liquidation of any investment made by an investor of a Contracting State; c) Funds in repayment of loans; d) Remuneration received by the nationals of the other Contracting State because of labour and services carried out in connection with an investment in its territory and maritime areas, in accordance with its national laws and regulations. 2) Without restricting the generality of Article 3 of this Agreement, the Contracting States undertake to accord to transfers referred to in paragraph (1) of this article treatment as favourable as that accorded to transfers related to investments made by a third country 3 of this Agreement, the Contracting States undertake to accord to transfers referred to in paragraph (1) of this article treatment as favourable as that accorded to transfers in respect of investments made by a third country.
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Repatriation of Capital and Profits. (1) Each Contracting Party, in connection with capital investments, guarantees to investors from the other Contracting Party the transfer: a) Of the invested capital or proceeds from the liquidation or from the total or partial transfer of the investment; b) Of the profits earned and of the other income originating from the capital investment; c) Of the payments made for reimbursing loans for the investment and the related interest; d) Of the earnings of citizens authorized to work within the framework of an investment made within the territory of the other Contracting Party. (2) After compliance with the legal obligations to which investors are subjected, each Contracting Party shall grant the necessary permits to assure the execution without delay of the transfers referred to under paragraph 1 of the present Article.
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Repatriation of Capital and Profits. (1) Each Contracting Party shall, in respect to investments by investors of the other contracting party, the free transfer in the currency used for the achievement of the investment or any other convertible currency agreed: a) The capital invested or the proceeds of the total or partial liquidation or disposal of investment; b) Of profits and other income from investment; c) Payments made for the reimbursement of the credits for investments and interests; d) The earnings of nationals allowed to work in connection with an investment made in the territory of the other contracting party; e) The compensation referred to in paragraph 5 above. (2) Each Contracting Party shall, after the fulfilment of the legal obligations of investors, the required authorisations to ensure the execution, without delay of transfers referred to paragraph 1 of this article. (3) The transfers shall be made at the rate of exchange prevailing on the date of transfer. (4) Without delay according to paragraph 2 means the transfers are made within the period normally necessary for the preparation of the transfer formalities. the period shall run from the day on which the request and the necessary documents were submitted to the appropriate authorities This period shall in no case exceed three months.
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Repatriation of Capital and Profits. Each Contracting Party shall in respect of the capital and profits of investors of the other Contracting Party guarantee their free transfer (and, in the case of sale or liquidation, of the proceeds of such sale or liquidation), subject to the right of each Contracting Party to exercise equitably, in good faith and on a non-discriminatory basis powers conferred by its laws.
Sample 1
Repatriation of Capital and Profits. (1) Each Contracting Party guarantees to the investors of the other Contracting Party, in respect of their investments, subject to the right of each Contracting Party to exercise equitably, in good faith and on a non-discriminatory basis the powers conferred by its laws, the transfer of: (a) The invested capital or the proceeds of total or partial liquidation or alienation of the investment; (b) The profits realized, dividends and other current income resulting from the investment; (c) The payments made for the reimbursement of the credits for investments and interests due; (d) An adequate portion of the earnings of the citizens who are allowed to work in an investment made in the territory of the other Contracting Party. (2) Transfers of the above-mentioned amounts shall be effected without delay in accordance with appropriate procedures after payment of taxes and dues of all kinds which the investor owes in the territory of the other Contracting Party in which the investment was made.
Sample 1
Repatriation of Capital and Profits. (1) Each Contracting Party guarantees to the investors of the other Contracting Party, in respect of the investment, of capital, transfer, subject to its laws and regulations, of: (a) The invested capital or the proceeds of total or partial liquidation or alienation of the investment; (b) The profits realized and of other current income resulting from the investment of capital; (c) The payments made for the reimbursement of the credits for investment and interests due; (d) The earnings of the citizens who are allowed to work in an investment made in the territory of the other Contracting Party. (2) Each Contracting Party shall issue, after fulfilment of the legal obligations pertaining to the investors, the necessary licenses in order to ensure the execution without delay of the transfers mentioned in paragraph 1 of the present Article.
Sample 1
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Related to Repatriation of Capital and Profits

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Return of Capital (a) Except pursuant to the Exchange Rights Agreements, no Limited Partner shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein. (b) Except as provided in Articles 5, 6 and 13 hereof, no Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee, either as to the return of Capital Contributions or as to profits, losses or distributions.

  • Maintenance of Capital Accounts There shall be established for each Partner on the books of the Partnership as of the date such Partner becomes a Partner a capital account (each being a “Capital Account”). Each Capital Contribution by any Partner, if any, shall be credited to the Capital Account of such Partner on the date such Capital Contribution is made to the Partnership. In addition, each Partner’s Capital Account shall be (a) credited with (i) such Partner’s allocable share of Net Income of the Partnership and any item of income or gain (including unrealized gain to the extent allowable) that is specially allocated for Section 704(b) book purposes to such Partner pursuant to Section 5.4(e) or Section 6.2(b), and (ii) the amount of any Partnership liabilities that are assumed by the Partner or secured by any Partnership property distributed to the Partner, (b) debited with (i) the amount of distributions (and deemed distributions) to such Partner of cash or the fair market value of other property so distributed, (ii) such Partner’s allocable share of Net Loss of the Partnership and any item of deduction or loss (including unrealized loss to the extent allowable) that is specially allocated for Section 704(b) book purposes to such Partner pursuant to Section 6.2(b), and (iii) the amount of any liabilities of the Partner assumed by the Partnership or which are secured by any property contributed by the Partner to the Partnership and (c) otherwise maintained in accordance with the provisions of the Code and the United States Treasury Regulations promulgated thereunder. Any other item which is required to be reflected in a Partner’s Capital Account under Section 704(b) of the Code and the United States Treasury Regulations promulgated thereunder or otherwise under this Agreement shall be so reflected. The General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a Partner’s interest in the Partnership. Interest shall not be payable on Capital Account balances. Notwithstanding anything to the contrary contained in this Agreement, the General Partner shall maintain the Capital Accounts of the Partners in accordance with the principles and requirements set forth in Section 704(b) of the Code and the United States Treasury Regulations promulgated thereunder, provided, however, for purposes of this Agreement, (i) each holder of a series of Class B Common Units that is also a holder of regular Common Units, another series of Class B Common and/or a series of Class C Common Units and (ii) each holder of a series of Class C Common Units that is also a holder of regular Common Units, another series of Class C Common Units and/or a series of Class B Common Units shall, in each case under clause (i) or clause (ii), be deemed to have a separate Capital Account for each series of Class B Common Units, for each series of Class C Common Units and for the regular Common Units held by such holder. The Capital Account balance of a Partner with respect to each Preferred Unit held by such Partner shall equal the Liquidation Preference per Preferred Unit as of the date such Preferred Unit is initially issued and shall be increased as set forth in Article XVI.

  • Transfer of Capital Accounts The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer of Shares. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions previously made by or to the former Member on account of its Shares.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Priority and Return of Capital No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • RECAPITALIZATION OR CAPITAL ADJUSTMENT 1. In the case of any negative stock split, recapitalization or other capital adjustment requiring a change in the form of Share certificates, the Bank will issue Share certificates in the new form in exchange for, or upon transfer of, outstanding Share certificates in the old form, upon receiving: (a) A Certificate authorizing the issuance of Share certificates in the new form; (b) A certified copy of any amendment to the Charter with respect to the change; (c) Specimen Share certificates for each class of Shares in the new form approved by the Board of Directors of the Customer, with a Certificate signed by the Secretary of the Customer as to such approval; (d) A certified copy of the order or consent of each governmental or regulatory authority required by law as a prerequisite to the issuance of the Shares in the new form, and an opinion of counsel for the Customer that the order or consent of no other governmental or regulatory authority is required; and (e) An opinion of counsel for the Customer, in a form satisfactory to the Bank, with respect to the validity of the Shares in the new form, the obtaining of all necessary governmental consents, whether such Shares are fully paid and non-assessable and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable law or regulation (i.e., if subject to registration, that the Shares have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor). 2. The Customer shall furnish the Bank with a sufficient supply of blank Share certificates in the new form, and from time to time will replenish such supply upon the request of the Bank. Such blank Share certificates shall be properly signed, by facsimile or otherwise, by Officers of the Customer authorized by law or by the By-Laws to sign Share certificates and, if required, shall bear the corporate seal or a facsimile thereof.

  • Withdrawals of Capital No Partner may withdraw capital related to such Partner’s GP-Related Partner Interests from the Partnership except (i) for distributions of cash or other property pursuant to Section 5.8, (ii) as otherwise expressly provided in this Agreement or (iii) as determined by the General Partner.

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