Common use of Subrogation Clause in Contracts

Subrogation. If one Party or its designated agency makes a payment to its investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Party, the latter Party shall recognize: (a) the assignment, whether under the law or pursuant to a legal transaction in the former Party, of any rights or claims by the investors to the former Party or to its designated agency; (b) that the former Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment to the same extent as the investor.

Appears in 363 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

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

Appears in 24 contracts

Samples: Investment Agreement, Investment Protection Agreement, Investment Protection Agreement

Subrogation. 1. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) : a. the assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights right or claims claim by the investors investor to the former Contracting Party or to its designated agency; (b) , as well as, b. that the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and shall assume the obligations related to the investment to investment. 2. The subrogated rights or claims shall not exceed the same extent as original rights or claims of the investor.

Appears in 20 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement

Subrogation. If one a Party or its designated agency Agency makes a payment to its investors own investor under a guarantee or a contract of insurance against non-commercial risks it has accorded given in respect of an investment made in the territory of the other Party, the latter Party shall recognize: (a) recognise the assignment, whether under the by law or pursuant to a by legal transaction in the former Partytransaction, of any rights or claims by the investors to the former Party or to its designated agency; (b) of all the rights and claims of the indemnified investor, and shall recognize that the former Party or its designated designate agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment subrogation, to the same extent as the original investor.

Appears in 6 contracts

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

Subrogation. If one Party or its designated agency makes a payment to its investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Party, the latter Party shall recognize: : (a) the assignment, whether under the law or pursuant to a legal transaction in the former Party, of any rights or claims by the investors to the former Party or to its designated agency; , as well as, (b) that the former Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment to the same extent as the investor.

Appears in 6 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory area of the other Contracting Party, the latter Contracting Party shall recognize: recognise: (a) the assignment, whether under the law or pursuant to a legal transaction in the former Partyits area, of any rights right or claims by claim from the investors to the former Contracting Party or to its designated agency; and (b) that the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor those investors and shall assume the obligations related relating to the investment to the same extent as the investorinvestment.

Appears in 4 contracts

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

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

Appears in 3 contracts

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

Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: : (a) the The assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights or claims by from the investors investor to the former Contracting Party or to its designated agency; and (b) that That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the such claims of that investor and shall assume the obligations obligation related to the investment to the same extent as the investorinvestment.

Appears in 3 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: ; (a) the The assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights or claims by from the investors investor to the former Contracting Party or to its designated agency; , and (b) that That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the such claims of that investor and shall assume the obligations obligation related to the investment to the same extent as the investorinvestment.

Appears in 3 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

Subrogation. If one a Party or its designated agency makes a payment to its investors own investor under a guarantee or a contract of insurance against non-commercial risks it has accorded risks, given by that Party or its designated agency in respect of an investment made in the territory of the other Party, the latter Party shall recognize: (a) recognize the assignment, whether under assignment of the law or pursuant rights and claims of the investor to a legal transaction in the former Party, of any rights whether such assignment was made by law or claims by the investors to the former Party or to its designated agency; (b) another legal transaction, and shall recognize that the former Party or its designated agency is entitled by virtue of subrogation to exercise the such rights and enforce the such claims of that investor and assume the obligations related to the investment to the same extent as the original investor, by virtue of subrogation.

Appears in 2 contracts

Samples: Partial Scope Agreement, Partial Scope Agreement

Subrogation. If one a Party or its designated an agency of a Party makes a payment to one of its investors under a guarantee or a contract of insurance against non-commercial risks insurance, or other form of indemnity it has accorded entered into in respect of an investment made in the territory of the other Party, the latter Party shall recognize: a covered investment: (a) the assignment, whether under other Party in whose territory the law covered investment was made shall recognize the validity of the subrogation or pursuant to a legal transaction in the former Party, transfer of any rights or claims by the investors investor would have possessed with respect to the former Party covered investment but for the subrogation or to its designated agencytransfer; and (b) that the former investor shall be precluded from pursuing these rights to the extent of the subrogation or transfer, unless a Party or an agency of a Party authorizes the investor to act on its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment to the same extent as the investorbehalf.

Appears in 2 contracts

Samples: Investment Agreement, Investment Agreement

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

Appears in 2 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement

Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Party Contracting Party' shall recognize: : (a) the The assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights or claims by from the investors investor to the former Contracting Party or to its designated agency; , and (b) that That the former Contracting Party or its designated agency is entitled by virtue virtue, of subrogation to exercise the rights and enforce the such claims of that investor and shall assume the obligations obligation related to the investment to the same extent as the investorinvestment.

Appears in 2 contracts

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

Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) the : a. The assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights or claims by from the investors investor to the former Contracting Party or to its designated agency; (b) that and b. That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of such claims',of that investor and shall assume the obligations obligation related to the investment to the same extent as the investorinvestment.

Appears in 2 contracts

Samples: Investment Protection Agreement, Investment Agreement

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Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: : (a) the The assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights or claims by from the investors investor to the former Contracting Party or to its designated agency; and (b) that That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the such claims of that investor and shall assume the obligations obligation related to the investment to the same extent as the investorinvestment.

Appears in 2 contracts

Samples: Investment Agreement, Investment Agreement

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

Appears in 1 contract

Samples: Investment Protection Agreement

Subrogation. 1) If one either Contracting Party or its designated agency makes a payment to one of its investors under a any financial guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made by its investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (: a) the assignment, whether under the law or pursuant to a legal transaction in the former Partytransaction, of any rights right or claims by claim from the investors investor to the former Contracting Party or to its designated agency; (and b) that the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights right and to enforce the claims claim of that investor and while it will assume the obligations related relating to the investment to investment. 2) The right or claim by virtue of subrogation shall not exceed the same extent as original right or claim of the investor.

Appears in 1 contract

Samples: Investment Protection Agreement

Subrogation. If one Contracting Party or its designated agency makes a payment to its investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (: a) the assignment, whether under the law or pursuant to a legal transaction in the former Contracting Party, of any rights or claims by the investors investor to the former Contracting Party or to its designated agency; (, as well as, b) that the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment to the same extent as the investor.

Appears in 1 contract

Samples: Investment Agreement

Subrogation. If one a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: recognize^ (a) the The assignment, whether under the law or pursuant to a legal transaction in the former Partythat country, of any rights or claims by from the investors investor to the former Contracting Party or to its designated agency; and (b) that That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the such claims of that investor and shall assume the obligations obligation related to the investment to the same extent as the investorinvestment.

Appears in 1 contract

Samples: Investment Agreement

Subrogation. 1. If one a Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Party, the latter Party shall recognize: recognise: (a) the The assignment, whether under in terms of the law or pursuant to a legal transaction in the territory of the former Party, of any rights right or claims claim by the investors investor to the former Party or to its designated agency; , as well as, (b) that That the former Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and shall assume the obligations related to the investment to investment. 2. The subrogated rights or claims shall not exceed the same extent as original rights or claims of the investor.

Appears in 1 contract

Samples: Investment Protection Agreement

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

Appears in 1 contract

Samples: Investment Agreement

Subrogation. If one Contracting Party or its designated agency makes a payment to its investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (: a) the The assignment, whether under the law or pursuant to a legal transaction in the former Contracting Party, of any rights or claims by the investors investor to the former Contracting Party or to its designated agency; (, as well as, b) that That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment to the same extent as the investor.

Appears in 1 contract

Samples: Investment Agreement

Subrogation. If one Contracting Party or its designated agency makes a payment to its investors an investor under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment of that investor made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) the a The assignment, whether under the law or pursuant to a legal transaction in the former Contracting Party, of any rights or claims by the investors that investor to the former Contracting Party or to its designated agency; (b) that , as well as, b That the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment to the same extent as the investor.

Appears in 1 contract

Samples: Investment Agreement

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