Common use of Repatriation of Investment and Returns Clause in Contracts

Repatriation of Investment and Returns. (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay, and on a non- discriminatory basis, subject to fulfilment of tax obligations by the investor. Such funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Net operating profits including dividends and interest in proportion to their share holding; (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 from sales of their shares; (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens/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 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.

Appears in 4 contracts

Samples: Bilateral Investment Treaty, Investment Protection Agreement, Investment Protection Agreement

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Repatriation of Investment and Returns. (1) Each Contracting Party shall shall, in accordance with its laws, permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay, delay and on a non- non-discriminatory basis, subject to fulfilment of tax obligations by the investor. Such funds may include: (ai) Capital and additional capital amounts used to maintain and increase investments; (bii) Net operating profits including dividends and interest in proportion to their share holdingshare-holdings; (ciii) Repayments of any loan pursuant to a loan agreement including interest thereon, relating to the investment; (div) Payment of royalties and services fees relating to the investment; (ev) Proceeds from sales of their shares; (fvi) Proceeds received by investors in case of sale or partial sale or liquidation; (gvii) The earnings of citizens/nationals of one Contracting Party who work in connection with investment investments 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 by the partiesContracting Parties, currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original investment investment, or any other convertible currencycurrency mutually agreed upon between the Contracting Party and the investor. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.

Appears in 3 contracts

Samples: Bilateral Investment Treaty, Investment Agreement, Investment Promotion and Protection Agreement

Repatriation of Investment and Returns. (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay, delay and on a non- discriminatory nondiscriminatory basis, subject to fulfilment of tax obligations by the investor. Such funds may include: (a) Capital and additional capital amounts used to [maintain and increase investments; (b) Net operating profits including dividends and interest in proportion to their share holdingshare-holdings; (c) Repayments of any loan including interest thereon, relating to the investmentinvestment made in accordance with its laws and regulation; (d) Payment of royalties and services fees relating to the investment; (e) Proceeds from sales of their shares; (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens/citizens/ 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 the transfer of any compensation under Article 6 (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.

Appears in 1 contract

Samples: Investment Protection Agreement

Repatriation of Investment and Returns. (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay, delay and on a non- discriminatory nondiscriminatory basis, subject to fulfilment fulfillment of tax obligations by the investor. Such funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Net operating profits including dividends and interest in proportion to their share share-holding; (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 from sales of their shares; (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens/nationals of one Contracting Party who work in In connection with investment Investment in the territory of the other Contracting Party. (2) Nothing in paragraph ‘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.

Appears in 1 contract

Samples: Investment Protection Agreement

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Repatriation of Investment and Returns. (1) Each Contracting Party shall shall, in accordance with its laws, permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay, delay and on a non- non-discriminatory basis, subject to fulfilment of tax obligations by the investor. Such funds may include: (ai) Capital and additional capital amounts used to maintain and increase investments; (bii) Net operating profits including dividends and interest in proportion to their share holdingshare-holdings; (ciii) Repayments of any loan pursuant to a loan agreement including interest thereon, relating to the investment; (div) Payment of royalties and services fees relating to the investment; (ev) Proceeds from sales of their shares; (fvi) Proceeds received by investors in case of sale or partial sale or liquidation; (gvii) The earnings of citizens/nationals of one Contracting Party who work in connection with investment investments 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 by the partiesContracting Parties, currency transfer under paragraph paragraph (1) of this Article shall be permitted in the currency of the original investment investment, or any other convertible currencycurrency mutually agreed upon between the Contracting Party and the investor. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.

Appears in 1 contract

Samples: Investment Agreement

Repatriation of Investment and Returns. (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay, delay and on a non- non-discriminatory basis, subject to fulfilment of tax obligations by the investor. Such funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Net operating profits including dividends and interest in proportion to their share holding;shares–holdings and other legitimate income (c) Repayments of any loan including interest thereon, relating to the investment; (d) Payment of royalties and services fees including technical assistance and management fee relating to the investment; (e) Proceeds received from sales sale of their shares; (f) Proceeds received by investors in case of total sale or partial sale or liquidation; (g) The earnings of citizens/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 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.

Appears in 1 contract

Samples: Investment Agreement

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