Common use of Transfer Modalities Clause in Contracts

Transfer Modalities. 1. The transfers referred to in Articles 4,5,6 and 7 shall be made in convertible currency in accordance with customary banking procedures, without undue delay and in any event within a period of six months after the discharge of all tax obligations. All transfers shall be made at the prevailing exchange rate applicable on the date on which the investor requests the relevant transfer, subject to the provisions of Paragraph 4 of Article 5 regarding the exchange rate applicable in the event of nationalization or expropriation. 2. The tax obligations referred to in the preceding paragraph shall be deemed to be discharged when the investor has complied with the requirements of the law of the Contracting Party on whose territory the investment has been made.

Transfer Modalities. 1. The transfers referred to in Articles 4,5,6 4, 5, 6 and 7 shall will be made without undue delay and, in any case, enter six months from the fulfillment of all tax obligations and will be made in convertible currency in accordance with customary banking procedures, without undue delay and in any event within a period of six months after the discharge of all tax obligationscurrency. All transfers shall will be made at the prevailing exchange rate applicable prevailing on the date on which the investor requests the relevant transfer, subject to with the exception of the provisions of Paragraph 4 point 3 of Article 5 5, regarding the exchange rate applicable in the event of nationalization or expropriation. 2. The tax obligations referred to in the preceding paragraph shall be deemed to be discharged have been fulfilled when the investor has complied with performed the requirements of procedures provided for by the law of the Contracting Party on in whose territory the investment has been was made.