Common use of Transfer of Investments and Returns Clause in Contracts

Transfer of Investments and Returns. (1) Each Contracting Party shall guarantee to investors of the other Contracting Party the unrestricted right to transfer their investments and returns abroad including the transfer of: (a) payments from compensation pursuant to Articles 4 and 5 of this Agreement; (b) payments referred to in Article 10 of this Agreement; and (c) payments arising out of the settlement of disputes. (2) Transfers of currency shall be effected without delay in any convertible currency. The term "without delay" shall mean such period as is normally required for the transfer of payments and the completion of the necessary formalities for such transfer. 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 guarantee to investors of the other Contracting Party the unrestricted right to transfer their investments and returns abroad including the transfer of: (a) payments from compensation pursuant to Articles 4 and 5 of this Agreement; (b) payments referred to in Article 10 of this Agreement; and (c) payments arising out of the settlement of disputes. (2) Transfers of currency shall be effected without delay in any convertible currency. The term "“without delay" ” shall mean such period as is normally required for the transfer of payments and the completion of the necessary formalities for such transfer. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer.