Common use of Transfer of Investments and Returns Clause in Contracts

Transfer of Investments and Returns. 1. Each Contracting Party shall, in respect of investments, guarantee to investors of the other Contracting Party the rights of unrestricted transfer of their investments and returns in accordance with the following terms: (i) Transfers shall be effected without delay in the freely usable currency in which the capital was originally invested or in any other freely usable currency agreed by the investor and the Host Contracting Party; provided that the investor has complied with all his fiscal and other financial obligations to government or local authorities of the Host Contracting Party. (ii) Unless otherwise agreed with the investor, transfers shall be made at the rate of exchange applicable on the basis of transfer according to the exchange regulations in force in the Host Contacting Party. (iii) In any case, transfers shall be in terms not less favorable than that accorded by the Host Contracting Party to its own investors. 2. Notwithstanding the foregoing: (i) When a Contracting Party is in serious balance of payments difficulties or in serious difficulties for the operation of the exchange rate policy or monetary policy, or under threat thereof, that Contracting Party may. in conformity with the conditions laid down within the framework of the GATT and with Articles VIII and XIV of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures which may not go beyond what is necessary to remedy the situation, for a period not exceeding six months. The Contracting Party shall notify the other Contracting Party, as soon as possible, as to the measures taken, and the expected timetable for their removal. (ii) Such measures shall be equitable, non-discriminatory, and in good faith.

Transfer of Investments and Returns. 1. Each Contracting Party shallShall, in respect In Respect of investmentsInvestments, guarantee Guarantee to investors of Investors Of the and other Contracting Party the rights of unrestricted transfer of their investments and returns in accordance with the following terms: (i) Transfers shall be effected without delay in the freely usable currency in which the capital was originally invested or in any other freely usable currency agreed by the investor and the Host Contracting Party; provided that the investor has complied with all his fiscal and other financial obligations to government or local authorities of the Host Contracting Party. (ii) Unless otherwise agreed with by the investor, transfers shall be made at the rate of exchange applicable on the basis of transfer according pursuant to the exchange regulations in force in the Host Contacting Party. (iii) In any case, transfers shall be in terms not less favorable than that accorded by the Host Contracting Party to its own investors. 2. Notwithstanding the foregoingforgoing: (i) When a Contracting Party is in serious balance of payments difficulties or in serious difficulties for the operation of the exchange rate policy or monetary policy, or under threat thereof, that Contracting Party may. , in conformity with the conditions laid down within the framework of the GATT and with Articles VIII VII and XIV of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures which may not go beyond what is necessary to remedy the situation, for a period not exceeding six months. The Contracting Party shall notify the other Contracting Party, as soon as possible, as to the measures taken, and the expected timetable for their removal. (ii) Such measures shall be equitable, non-discriminatory, and in good faith.

Transfer of Investments and Returns. 1. Each Contracting Party shall, in respect of investments, guarantee to investors of the The other Contracting Party the rights of unrestricted transfer of their investments and And returns in accordance with the following terms: (i) Transfers shall be effected without delay in the freely usable currency in which the capital was originally invested or in any other freely usable currency agreed by the investor and the Host Contracting Party; , provided that the investor has complied with all his fiscal and other financial obligations to government or local authorities of the Host Contracting Party. (ii) Unless otherwise agreed with by the investor, transfers shall be made at the rate of exchange applicable on the basis of transfer according pursuant to the exchange regulations in force in the Host Contacting Contracting Party. (iii) In any case, transfers shall be in terms not less favorable favourable than that accorded by the Host Contracting Party to its own investors. 2. Notwithstanding the foregoingforgoing: (i) When a Contracting Party is in serious balance of payments difficulties or in serious difficulties for the operation of the exchange rate policy or monetary policy, or under threat thereof, that Contracting Party may. , in conformity with the conditions laid down within the framework of the GATT and with Articles VIII and XIV of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures which may not go beyond what is necessary to remedy the situation, for a period not exceeding six (6) months. The Contracting Party shall notify the other Contracting Party, as soon as possible, as to the measures taken, and the expected timetable for their removal. (ii) Such measures shall be equitable, non-non - discriminatory, and in good faith.

Transfer of Investments and Returns. 1. Each Contracting Party shall, in respect of investments, guarantee to investors of the other Contracting Party the rights of unrestricted transfer of their investments and returns in accordance with the following terms: (i) Transfers shall be effected without delay in the freely usable currency in which the capital was originally invested or in any other freely usable currency agreed by the investor and the Host Contracting Party; provided that the investor has complied with all his fiscal and other financial obligations to government or local authorities of the Host Contracting Party. (ii) Unless otherwise agreed with by the investor, transfers shall be made at the rate of exchange applicable on the basis of transfer according pursuant to the exchange regulations in force in the Host Contacting Party. (iii) In any case, transfers shall be in terms not less favorable than that accorded by the Host Contracting Party to its own investors. 2. Notwithstanding the foregoingforgoing: (i) When a Contracting Party is in serious balance of payments difficulties or in serious difficulties for the operation of the exchange rate policy or monetary policy, or under threat thereof, that Contracting Party may. , in conformity with the conditions laid down within the framework of the GATT and with Articles VIII and XIV of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures which may not go beyond what is necessary to remedy the situation, for a period not exceeding six months. The Contracting Party shall notify the other Contracting Party, as soon as possible, as to the measures taken, and the expected timetable for their removal. (ii) Such measures shall be equitable, non-discriminatory, and in good faith.