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 unrestricted right to transfer their investments and returns abroad. (2) Each Contracting Party shall also guarantee to investors of the other Contracting Party the unrestricted right to transfer funds to maintain or increase the investment or to repay loans contracted or to meet other contractual obligations undertaken in connection with the investment. (3) Transfers of currency shall be effected without delay in any convertible currency. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer.

Transfer of Investments and Returns. (1) Each Contracting Party shall in respect of investments guarantee to investors of the other Contracting Party the unrestricted right to transfer their investments and returns abroad. This right shall not relieve investors of their obligation to pay taxes. (2) Each Contracting Party shall also guarantee to investors of the other Contracting Party the unrestricted right to transfer funds to maintain or increase the investment or to repay loans contracted or to meet other contractual obligations undertaken in connection with the investment. (3) Transfers of currency shall be effected without undue delay in any convertible currency. A transfer shall be deemed to have been made without undue delay if effected within such period as is normally required for the completion of transfer formalities. Unless otherwise agreed by the investor investors transfers shall be made at the most favourable rate of exchange applicable on the date of transfer.

Transfer of Investments and Returns. (1) Each Contracting Party shall shall, in accordance with its laws and regulations in respect of investments guarantee investments, allow to investors of the other Contracting Party the unrestricted right to transfer of their investments and returns abroad, including funds in repayment of loans related to an investment, the proceeds of the total or partial liquidation of an investment, and the earnings of individuals allowed to work in an investment made in its area. (2) Each Contracting Party shall also guarantee to investors of the other Contracting Party the unrestricted right to transfer funds to maintain or increase the investment or to repay loans contracted or to meet other contractual obligations undertaken in connection with the investment. (3) Transfers of currency shall be effected without delay in any freely convertible currency. Unless otherwise agreed by the investor investor, transfers shall be made at the rate of exchange applicable on the date of transfer.