Common use of Subrogation Clause in Contracts

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment under an indemnity, guarantee or contract of insurance against non-commercial risks given in respect of an investment made by any of an investor its investors in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency Agency and the right of the former Contracting Party or its designated agency Agency to exercise exercise, by virtue of subrogation subrogation, any such right and claim to the same extent as its predecessor in title. This subrogation will make it possible for the former Contracting Party or its designated Agency to be the direct beneficiary of any payment for indemnification or other compensation to which the investor could be entitled.

Subrogation. If a one Contracting Party or its designated agency makes Party, make a payment under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency of all rights and obligations of the party indemnified and the right of the former Contracting Party or its designated agency to exercise such rights and assume such obligations by virtue of subrogation any such right and claim to subrogation, in the same extent conditions as its predecessor in titlethe party indemnified.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of a payment under an indemnity, guarantee or contract of insurance given against non- commercial risks it has accorded in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise the recognize: a) The assignment of any right or claim of such the investor to in respect of the former first Contracting Party or its designated agency agency, and also, b) That the right of the former first that Contracting Party or its designated agency to exercise agency, is entitled by virtue of subrogation any such right to exercise the rights and claim that claims of investor and shall assume the obligations related to the same extent as its predecessor in titleinvestment.

Subrogation. (1) If a one Contracting Party or any agency thereof makes payment to one of its designated agency makes investors under a payment under an indemnity, guarantee or an insurance contract of insurance given concluded in respect of an investment of an investor in the territory of such investment, the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment validity of the subrogation in favour of the first party or contracting agency thereof to any right or claim of such investor to title held by the former investor. The Contracting Party or its designated any agency and the right of the former Contracting Party or its designated agency thereof is entitled to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlerights that the investor would have been entitled to exercise.

Subrogation. If a Contracting Party or one of its designated agency agencies makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment transfer of any right or claim title of such an investor to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim or title. The Contracting Party or its designated agency making the payment shall not be entitled to exercise any rights other than the same extent as its predecessor in titlerights which the investor would have been entitled to exercise.

Subrogation. If a Contracting Party or its any designated agency makes a payment to an investor under an indemnity, a guarantee or contract of insurance given it has assumed in respect of an investment of an made by that investor in the territory of the other Contracting Party, Party the latter Contracting Party shall recognise recognize the assignment transfer of any right rights or claim from the investor or any of such investor its affiliates to the former Contracting Party or its any designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleagency.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor in the territory of the other Contracting Partyinvestments, the latter Contracting Party shall recognise recognize: a) The assignment, whether under the assignment law or pursuant to a legal transaction in that State, of any right or claim of such investor from investors to the former Contracting Party or its designated agency and the right of agency; and b) That the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of those investors.

Subrogation. If a one Contracting Party or its designated agency makes payment to its own investors under a payment under an indemnity, guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) The assignment, whether under the assignment law or pursuant to a legal transaction in that country, of any right or claim of such by the investor to the former Contracting Party or its designated agency and the right of Party, as well as (b) That the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim enforce the claims of that investor and shall assume the obligations related to the same extent as its predecessor in title.investment

Subrogation. If a In case one Contracting Party Party, or its designated agency agency, makes any payment to one of its investors as a payment under an indemnity, result of a guarantee or contract of insurance given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party Party, or its designated agency agency, shall be subrogated to the rights and the right shares of the former Contracting Party or its designated agency to this investor, and may exercise by virtue of subrogation any such right and claim them according to the same extent terms and conditions as its predecessor in titlethe original holder.

Subrogation. If a Contracting Party makes payment to its own nationals or its designated agency makes companies under a payment under an indemnity, guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) The assignment, whether under the assignment law or pursuant to a legal transaction in that country, of any right or claim of such by the investor to the former Contracting Party or its designated agency and the right of Party, as well as (b) That the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim enforce the claims of that investor and shall assume the obligations related to the same extent as its predecessor in titleinvestment.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise shall, without prejudice to the assignment rights of the former Contracting Party under Article 8, recognize the transfer of any right or claim title of such an investor to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its own investors under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise shall, without prejudice to the assignment rights of any right or claim the Contracting Party in accordance with Article (7), recognize the transfer of such rights of that investor to the former Contracting Party or its designated agency and agency, the right subrogation of the former Contracting Party or its designated agency in respect of these rights and shall not have the right to exercise by virtue of subrogation any such right and claim to that the same extent as its predecessor in titleinvestor does not have.

Subrogation. If a Contracting Party or its designated an agency of a Contracting Party makes a payment to any of its nationals under an indemnity, a guarantee or contract other form of insurance given indemnity it has granted in respect of an investment of an investor in the territory of investment, the other Contracting Party, the latter Contracting Party shall recognise the assignment transfer of any right or title in respect of such investment. The subrogated right or claim shall not be greater than the original right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlenational.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter other Contracting Party shall recognise recognize: (a) the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and agency; and (b) the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency (the first Contracting Party) makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party (the second Contracting Party), the latter second Contracting Party shall recognise the recognize: a) The assignment of any right or claim of such investor to the former first Contracting Party by law or its designated agency by legal transaction of all the rights and the right claims of the former party indemnified, and b) That the first Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe party indemnified.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investor under an indemnity, a guarantee or contract of insurance it has given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right whether under the law or claim of such investor pursuant to the legal transaction in that country to the former Contracting Party or its designated agency of all the rights and claims of the right of indemnified investor, and shall also recognise that the former Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe original investor.

Subrogation. If a Contracting Party or any of its designated related agency makes a payment to an investor under an indemnity, guarantee or contract of insurance given a system established by law against non-commercial risks in respect of an investment of an made by their investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment transfer of any right or rights as claim of such from the investor to the former Contracting Party or any of its designated agency and the right of the former Contracting Party or its designated related agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. 1. If a Contracting Party or its designated agency makes a payment to its investor under an indemnitya security, guarantee warranty or security contract of insurance given made in respect of an connection with a investment of an investor in the territory of the other Contracting Party, the latter . The other Contracting Party shall recognise the recognizes assignment of any right or claim of such investor to the former previous Contracting Party or its designated agency rights and requirements of the investor and the right of the former previous Contracting Party or its designated assigned agency to exercise by virtue for the exercise, based on the substitution of subrogation any such the right and claim such request to the same extent as its predecessor in the title. 2. Subrogation is made only after the written consent of the host country where investment has been made.

Subrogation. If a one Contracting Party or its designated agency (the first Contracting Party) makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party (the second Contracting Party), the latter second Contracting Party shall recognise the recognize: The assignment of any right or claim of such investor to the former first Contracting Party by law or its designated agency by legal transaction of all the rights and the right claims of the former party indemnified, and That the first Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe party indemnified.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim all the rights and claims of such the indemnified investor to the former Contracting Party or its designated agency agency, by law or by legal transactions, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe investor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize without prejudice to the rights of the investor under Chapter Two Part One of this Agreement the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency ("the first Contracting Party 1 ') makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party (the second Contracting Party"), the latter second Contracting Party shall recognise the recognize: a) The assignment of any right or claim of such investor to the former first Contracting Party by law or its designated agency by legal transaction of all the rights and the right claims of the former party indemnified, and b) that the first Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe party indemnified.

Subrogation. If a Contracting one contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim all the rights and claims of such the indemnified investor to the former Contracting Party or its designated agency agency, by law or by legal transactions, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe investor.

Subrogation. If a Contracting Party or its designated agency makes subrogates an investor pursuant to a payment made under an indemnity, insurance or guarantee or contract of insurance given in respect of an investment of an investor in the territory of agreement: (a) such subrogation shall be recognised by the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to ; and (b) the former Contracting Party or its designated agency and shall be entitled to exercise the right rights with respect to the investment of the former Contracting Party or its designated agency investor which the investor would have been entitled to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleexercise.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and or claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency agency, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency agency, makes a payment to one of its own investors under an indemnity, a guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter other Contracting Party shall recognise recognize the assignment of any right by law or claim of such investor to the former Contracting Party or its designated agency and the right by legal process, in respect of the former Contracting Party first party, all the rights and claims of the investor indemnified. It shall also recognise that the party or its designated the agency representing it is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors under an indemnity, a guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) The assignment, whether under the assignment law or pursuant to a legal transaction, of any right or claim of such by the investor to the former Contracting Party or to its designated agency and (b) That the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of that investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall shall, without prejudice to the rights of the former Contracting Party under Article 8, recognise the assignment transfer of any right or claim title of such an investor to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. (1) If a Contracting Party or its designated agency makes a payment to the benefit of the investor of the Contracting Party under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency by law or legal transaction, all the rights and claims of the investor to whom compensation was paid in full. (2) The other Contracting Party shall also recognize, except the right of the former that Contracting Party to deduct any unpaid taxes or its designated agency public obligations due from the investor, the acquirement by the first Contracting Party of any rights and claims in pursuance of which that Contracting Party will be entitled to exercise by virtue of subrogation any such right and claim to in the same extent as its predecessor in titlelegal predecessor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance against non-commercial risks given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Where the Contracting Party or its designated agency makes a payment under an indemnity, indemnity or guarantee or contract of insurance given it has accorded in respect of an investment of an investor in in' the territory of the other Contracting Party, the latter Contracting host Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party of all the rights and claims resulting from such an investment, and shall recognize that the Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe original investor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise without prejudice to the rights of the investor under Chapter Two Part One of this Agreement the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect re- spect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency agency, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or any of its designated agency makes institutions were to make a payment to an investor under an indemnity, a guarantee or contract of insurance given taken out in respect of connection with an investment of an investor in the territory of investment, the other Contracting Party, Party shall recognize the latter validity of the subrogation in favor of the Contracting Party shall recognise the assignment or of one of its institutions than any right or claim of such investor to the former title investor. The Contracting Party or any of its designated agency and institutions will be authorized within the right limits of the former Contracting Party or its designated agency subrogation, to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlerights that the investor has been authorized to exercise.

Subrogation. If a one Contracting Party or its designated agency ("the first Contracting Party") makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party ("the second Contracting Party"), the latter second Contracting Party shall recognise recognise: a) the assignment of any right or claim of such investor to the former first Contracting Party by law or its designated agency by legal transaction of all the rights and the right claims of the former party indemnified, and b) that the first Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe party indemnified.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment of compensation under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of by an investor in the territory of the other said Contracting Party, then the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former said Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency Agency is entitled to exercise by virtue of subrogation any such right and claim the rights of the investor as specified in this Agreement to the same extent as its predecessor in titleof the part of the risk that was covered by the guarantee and paid to the investor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance of non commercial risks given in respect of an investment Investment of an investor in the territory of the other Contracting Party, the latter other Contracting Party shall recognise recognize: a. the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and agency, and b. the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. 1. If a Contracting Party or its designated agency makes a payment to the benefit of the investor of the Contracting Party under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency by law or legal transaction, all the rights and claims of the investor to whom compensation was paid in full. 2. The other Contracting Party shall also recognize, except the right of the former that Contracting Party to deduct any unpaid taxes or its designated agency public obligations due from the investor, the acquisition by the first Contracting Party of any rights and claims in pursuance of which that Contracting Party will be entitled to exercise by virtue of subrogation any such right and claim to in the same extent as its predecessor in titlelegal predecessor.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment to an investor under an indemnity, guarantee or contract of insurance given in respect of it has granted to an investment of an such investor in the territory of the other Contracting Party, the latter such other Contracting Party shall recognise recognize the assignment of any the right or claim of such investor to the former Contracting Party or its designated agency Agency and recognize the right subrogation of the former Contracting Party or its designated agency Agency to exercise by virtue of subrogation any such right and or claim. The subrogated right or claim to shall not be greater than the same extent as its predecessor in titleoriginal right or claim of the said investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment made payments to one of its own investors under an indemnity, guarantee or insurance contract of insurance given in respect of an against investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting first mentioned Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue shall have, in this case, full rights of subrogation any such right with regard to the rights, actions and claim claims of that investor, to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its any designated agency makes a payment to an investor under an indemnity, a guarantee or contract of insurance given it has assumed in respect of an investment of an made by that investor in the territory of the other Contracting Party, Party the latter Contracting Party shall recognise the assignment transfer of any right rights or claim from the investor or any of such investor its affiliates to the former Contracting Party or its any designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleagency.

Subrogation. If a Contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment to the first Contracting Party of any all rights and claims of the investor. The subrogated right or claim shall not be greater than the original right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleinvestor.

Subrogation. If a one of the Contracting Party Parties or any of its designated agency makes agencies pays to any of its investors under a payment under an indemnity, guarantee or contract of insurance given in accorded with respect of an to any investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize - without any prejudice to the assignment rights of the Contracting Party in accordance with Article 7- the transfer of any right or claim rights of such this investor to the former first Contracting Party or any of its designated agency agencies, and recognize the right subrogation of the former first Contracting Party or any of its designated agency agencies with respect to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethese rights.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment to an investor under an indemnity, guarantee or contract of insurance against non-commercial risks given in respect of an investment made by any of an investor its investors in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any the right or claim of such investor to the former Contracting Party or its designated agency Agency and the right of the former Contracting Party or its designated agency Agency to exercise exercise, by virtue of subrogation subrogation, any such right and claim to the same extent as its predecessor in title. This subrogation will make it possible for the former Contracting Party or its designated Agency to be the direct beneficiary of any payment for indemnification ot other compensation to which the investor could be entitled.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency of all rights and the right claims of the former such investor which that Contracting Party or its designated agency shall be entitled to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim all the rights and claims of such the indemnified investor to the former Contracting Party or its designated agency agency, by law or by legal transactions, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim all the rights and claims of such the indemnified investor to the former Contracting Party or its designated agency agency, by law or by legal transactions, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe investor.

Subrogation. If a one Contracting Party or its designated agency ("the first Contracting Party") makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party ("the second Contracting Party"), the latter second Contracting Party shall recognise the recognise: a) The assignment of any right or claim of such investor to the former first Contracting Party by law or its designated agency by legal transaction of all the rights and the right claims of the former party indemnified, and b) That the first Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe party indemnified.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its nationals or companies under an indemnity, a guarantee or contract of insurance given covering non-commercial risks it has granted in respect of to an investment of an investor in the territory of investment, the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment transfer of any right or claim title of such investor national or company to the former first Contracting Party or its designated agency and the right subrogation of the former same Contracting Party to any right or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency agency, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim all the rights and claims of such the indemnified investor to the former Contracting Party or its designated agency agency, by law and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe investor.

Subrogation. If a Contracting Party or its designated agency makes effects a payment under an indemnity, guarantee or contract of insurance any financial security against non-commercial risks given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency agency, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim or claim, to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated an agency of a Contracting Party makes a payment to an investor of that Contracting Party under an indemnitya guarantee, guarantee or a contract of insurance given or other form of indemnity it has granted in respect of an investment of an investor in the territory of investment, the other Contracting Party, the latter Contracting Party shall recognise the assignment transfer of any right or title in respect of such investment. The subrogated right or claim shall not be greater than the original right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleinvestor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor investments in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) the assignment assignment, whether under the law or pursuant to a legal transaction, of any right rights or claim of such investor claims from investors to the former Contracting Party or its designated agency and the right of agency; and (b) that the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of those investors.

Subrogation. 1. If a one Contracting Party or its designated agency Agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party ("the second Contracting Party"), the latter second Contracting Party shall recognise recognise: a) the assignment of any right or claim of such investor to the former first Contracting Party by law or its designated agency by legal transaction of all the rights and the right claims of the former party indemnified, and b) that the first Contracting Party or its designated agency is entitled to exercise such rights and enforce such claims by virtue of subrogation any such right and claim subrogation, to the same extent as its predecessor in titlethe party indemnified.

Subrogation. If a Contracting Party or its designated agency Agency makes payments to an investor under a payment under an indemnity, guarantee or contract of insurance given in respect of it has granted to an investment of an such investor in the territory of the other Contracting Party, the latter such other Contracting Party shall recognise recognize the assignment transfer of any right or claim of such investor to the former Contracting Party or its designated agency Agency and recognize the right subrogation of the former Contracting Party or its designated agency Agency to exercise by virtue of subrogation any such right and or claim. The subrogated right or claim to shall not be greater than the same extent as its predecessor in titleoriginal right or claim of the said investor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance against non-commercial risks given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If When a Contracting Party or its designated authorized agency makes pays to its investors on the basis of a payment under an indemnity, guarantee or contract of insurance given in respect of granted by that party for an investment of an investor in the territory of the other Contracting Party, the latter The other Contracting Party shall recognise must, while not prejudicing the assignment rights of the original Contracting Party under Article 10, recognize the transfer of any right or claim title of such ownership of the investor to the former original Contracting Party or its designated agency the The authorized agent of the original Contracting Party and the right rights of the former original Contracting Party or its designated the authorized agency to exercise of the original Contracting Party, by virtue of subrogation subrogation, any such right and claim to the same extent as its predecessor or title in titleThe scope of rights of investors.

Subrogation. If a Contracting Party or one of its designated agency agencies makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise shall, without prejudice to the assignment rights of the former Contracting Party under Article 7, recognize the transfer of any right or claim title of such an investor to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. If a Contracting Party or its designated agency makes a payment to an investor of that Contracting Party under an indemnitya guarantee, guarantee or a contract of insurance given in or another form of indemnity that it has entered into with respect of to an investment of an such investor in the territory Area of the other Contracting Party, the latter Contracting Party shall recognise the assignment subrogation or transfer of any right or claim of rights the investor would have possessed under this Agreement with respect to such investment but for the subrogation, and the investor shall be precluded from pursuing these rights to the former Contracting Party or its designated agency and the right extent of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlesubrogation.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors under an indemnity, guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) the assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of such by the investor to the former Contracting Party or its designated agency and the right of agency; as well as (b) that the former Contracting Party or its designated agency to exercise is entitled, by virtue of subrogation any such right subrogation, to exercise the rights and claim enforce the claims of that investor and shall assume the obligations related to the same extent as its predecessor in titleinvestment.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise shall, without prejudice to the assignment rights of the former Contracting Party under Article XI, recognize the transfer of any right or claim title of such an investor to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of to an investment of an investor in the territory of investment, the other Contracting PartyParty shall, without prejudice to the latter rights of the former Contracting Party shall or its designated agency under Article 7, in its capacity as a subrogated party, recognise the assignment transfer of any right or claim of title of such investor to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor in the territory of the other Contracting Partyinvestments, the latter Contracting Party shall recognise recognize: (a) the assignment assignment, whether under the law or pursuant to a legal transaction in that State, of any right rights or claim of such investor claims from investors to the former Contracting Party or its designated agency and the right of agency; and (b) that the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of those investors.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency body makes a payment under an indemnity, the guarantee or non-commercial risk insurance contract of insurance given in respect of an investment of for the investments made by an investor in the territory of the other Contracting Party's State, the latter Contracting Party shall recognise the recognize assignment of any all investor's right or claim of such investor to the former Contracting Party or its designated agency body and the right of the former Contracting Party or its designated agency body to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlepredecessor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recog- nise without prejudice to the rights of the investor under Chapter Two Part One the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent ex- tent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency makes a payment under an indemnity, the guarantee or contract of insurance given provided in respect of an investor investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment transfer of any rights or the right or to claim such an investor of such investor to the former first Contracting Party or its designated agency authorized organization and the right of the former Contracting Party or its designated agency to exercise the rights and claims by virtue of subrogation any such right and claim principle to the same extent as its predecessor in titlethe grantor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors under an indemnity, a guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: a. The assignment, whether under the assignment law or pursuant to a legal transaction, of any right or claim of such by the investor to the former Contracting Party or to its designated agency and b. That the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim enforce the claims to the same extent as its predecessor in titlethose of that investor.

Subrogation. 1. If a one Contracting Party or its designated agency (for the purpose of this Article: the "guarantor") makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.recognize:

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize without prejudice to the rights of the investor under Article 10 the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a either Contracting Party or its designated agency makes any payment to one of its investors as a payment under an indemnity, result of a guarantee or contract of insurance given in respect of an investment of an investor made in the territory of the other Contracting Party, the latter former Contracting Party shall recognise the assignment of any right or claim of such investor be surrogated to the former Contracting Party or its designated agency rights and the right claims of the former Contracting Party or its designated agency to this investor and may exercise by virtue of subrogation any such right and claim them according to the same extent terms and conditions as its predecessor in titlethe original holder.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of investment, the other Contracting PartyParty shall, without prejudice to the latter rights of the former Contracting Party shall under Article 7, recognise the assignment transfer of any right or claim title of such investor investors to the former Contracting Party or its designated agency and the right subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. 1. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title. 2. The subrogated rights or claims shall not exceed the original rights or claims of the investor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, Party the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or one of its designated agency organs makes a payment to any of its investors under an indemnity, a guarantee or contract of insurance given it has granted in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise shall, without prejudice to the assignment rights of the former Contracting Party under Article 7, recognize the transfer of any right or claim title of such an investor to the former Contracting Party or its designated agency organ and the right subrogation of the former Contracting Party or its designated agency organ to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in or title.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor made in the territory of the other Contracting Party, Party the latter Contracting Party shall recognise recognize the assignment of any all the right or claim and claims of such the indemnified investor to the former Contracting Party or its designated agency agency, by law or by legal transactions, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investor under an indemnity, guarantee or contract of insurance against non-commercial risks, given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its investor under an indemnity, guarantee or contract of insurance indemnity covering noncommercial risk given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise shall, without prejudice to the rights of the former Contracting Party under Article 9, recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency of all rights and the right claims of the former investor which that Contracting Party or its designated agency shall be entitled to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlethe Party indemnified.

Subrogation. If an investor of a Contracting Party or its designated agency makes a receives payment pursuant to an insurance contract against non-commercial risks, from an insurer admitted under an indemnity, guarantee or contract the law of insurance given in respect of an investment of an investor in the territory of the other that Contracting Party, the latter other Contracting Party shall recognise the assignment of any right or claim of such the investor to the former Contracting Party or its designated agency insurer, and the right of the former Contracting Party or its designated agency insurer to exercise such right or claim by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a In case one Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance against non-commercial risks given in respect of an investment made by any of an investor its investors in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former first Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes by a payment to any of its investors under an indemnity, a guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Partycontracting party, the latter Contracting Party shall recognise recognize, without prejudice to the assignment rights of the first Contracting Party and in accordance with article 8, the transfer of any right or claim of such by an investor to the former Contracting Party or its designated agency and the right first subrogation of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlerights or claims.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor investments in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) the assignment assignment, whether under the law or pursuant to a legal transaction in that Contracting Party, of any right rights or claim of such investor claims from investors to the former Contracting Party or its designated agency and the right of agency, and (b) that the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of those investors.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or of contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or of its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, a guarantee or contract of insurance given in respect of an investment of by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize without prejudice to the rights of the investor under Chapter Two Part One the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an made by its investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title, without prejudice to the rights of the former Contracting Party under Article 11.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency agency, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated an agency of a Contracting Party makes a payment to any of its nationals or companies under an indemnity, a guarantee or contract other form of insurance given indemnity it has granted in respect of an investment of an investor in the territory of investment, the other Contracting PartyParty shall, without prejudice to the latter rights of the first Contracting Party shall or its nationals or companies under Article 9 of this Agreement, recognise the assignment transfer of any right or title in respect of such investment. The subrogated right or claim shall not be greater than the original right or claim of such investor to the former Contracting Party national or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titlecompany.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment of an to its investor in the territory of the other Contracting Party, the latter such other Contracting Party shall recognise the assignment transfer of any right or claim of such investor to the former Contracting Party or its designated agency Agency, and recognise the right subrogation of the former Contracting Party or its designated agency Agency, to exercise by virtue of subrogation any such right and or claim. The subrogated right or claim to shall not be greater than the same extent as its predecessor in titleoriginal right or claim of the said investor.

Subrogation. 1. If a one Contracting Party or its designated agency makes a payment to its own investors under an indemnity, a guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: a) The assignment, whether under the assignment law or pursuant to a legal transaction, of any right or claim of such by the investor to the former Contracting Party or to its designated agency and b) That the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of that investor.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnityto its own investor under, a guarantee or contract of insurance given in respect of an investment of an the investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise the assignment of any right or claim of such an investor to the former Contracting Party or its designated agency agency, and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance against non-commercial risks given in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors under an indemnity, guarantee or contract of insurance indemnity given in respect of an investment of an investor investments in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: (a) the assignment assignment, by law or legal transaction, of any right rights or claim of such investor claims from investors to the former Contracting Party or its designated agency and the right of agency, and (b) that the former Contracting Party or its designated agency is entitled to exercise by virtue of subrogation any such right rights and claim enforce such claims to the same extent as its predecessor in titlethose investors.

Subrogation. If a Contracting Party or its designated agency Agency makes Payment to an investor under a payment under an indemnity, guarantee or contract of insurance given in respect of it has granted to an investment of an such investor in the territory of the other Contracting Party, the latter such other Contracting Party shall recognise recognize the assignment transfer of any right or claim of such investor to the former Contracting Party or its designated agency Agency and recognize the right subrogation of the former Contracting Party party or its designated agency to exercise by virtue of subrogation any Agency such right and or claim. The subrogated right or claim to shall not be greater than the same extent as its predecessor in titleoriginal right or claim of the said investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors under an indemnity, a guarantee or contract of insurance given it has accorded in respect of an investment of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognise: a) The assignment, whether under the assignment law or pursuant to a legal transaction, of any right or claim of such by the investor to the former Contracting Party or to its designated agency and b) That the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim to enforce the same extent as its predecessor in titleclaims of that investor.

Subrogation. If a Contracting Party or its designated agency Agency makes payment to an invest under a payment under an indemnity, guarantee or contract of insurance given in respect of it has granted to an investment of an investor such invest in the territory of the other Contracting Party, the latter such other Contracting Party such other Contracting Party shall recognise recognize the assignment transfer of any right or claim of such investor to the former Contracting Party or its designated agency Agency and recognize the right subrogation of the former Contracting Party or its designated agency Agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleor claim.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors under a payment under an indemnity, guarantee or contract of insurance given it has accorded in respect of an investment of an investor investments in the territory of the other Contracting Party, the latter Contracting Party shall recognise recognize: a) The assignment, whether under the assignment law or pursuant to a legal transaction in that country, of any right or claim of such by the investor to the former Contracting Party or its designated agency and the right of agency, as well as, b) That the former Contracting Party or its designated agency to exercise is entitled by virtue of subrogation any such right to exercise the rights and claim enforce the claims of that investor and shall assume the obligations related to the same extent as its predecessor in titleinvestments.

Subrogation. If a one Contracting Party or its designated agency (the first Contracting Party) makes a payment under an indemnity, guarantee or insurance contract of insurance given in respect of an investment of an investor for investments in the territory of the other Contracting Party (the second Contracting Party), the latter other Contracting Party shall recognise make such payments. recognizes the assignment transfer of any right or claim the relevant rights and claims of such the receiving investor to the former first Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in titleParty.