Common use of Repatriation of Investment and Returns Clause in Contracts

Repatriation of Investment and Returns. (1) Each Contracting Party shall ensure, in respect of investments of investors of the other Contracting Party, the unrestricted transfer of the investment and the ensuing returns. The transfer shall be effected, without delay, in a freely convertible currency and at the rate of exchange, applicable on the date of transfer. Such transfers include in particular though not exclusively: - (a) Capital and additional capital amounts used to maintain and increase investments; (b) Net operating profits including dividends and interest in proportion to their shareholdings; (c) Repayments of any loan including interest thereon, relating to the investment; (d) Payment of royalties and services fees relating to the investment; (e) Proceeds received from sale of their shares; (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens of one Contracting Party who work in connection with investment in the territory of the other Contracting Party. (2) Nothing in paragraph (1) of this Article shall affect the transfer of any compensation under Article 6 of this Agreement. (3) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.

Repatriation of Investment and Returns. (1) Each Contracting Party Party, subject to fulfilment of tax obligations by the investors, shall ensure, in respect permit all funds of investments of an investors of the other Contracting Party, the unrestricted transfer of the related to an investment and the ensuing returns. The transfer shall in its territory to be effectedfreely transferred, without delay, in unreasonable delay and on a freely convertible currency and at the rate of exchange, applicable on the date of transfernon-discriminatory basis. Such transfers include in particular though not exclusively: -funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Net Non operating profits including dividends and interest in proportion to their shareholdingsshare- holdings; (c) Repayments of any loan including interest thereon, relating to the investment; (d) Payment of royalties and services fees relating to the investment; (e) Proceeds received from sale sales of their shares;: (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens citizen nationals of one Contracting Party who work in connection with investment in the territory of the other Contracting Party. (2) Nothing in paragraph (1) of this Article shall affect effect the transfer of any compensation under Article 6 of this Agreement. (3) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original investment Investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.