Common use of Transfer of Investments and Returns Clause in Contracts

Transfer of Investments and Returns. (1) Each Party shall allow investors of the other Party the free transfer of payments relating to their investments and returns, including the - (a) compensation paid pursuant to Articles 4 and 5; (b) amounts intended for the payment of contractual obligations, including the amounts required for the repayment of loans, the payment of royalties for licenses, franchises, concessions and other similar rights; (c) revenue from investments; and (d) proceeds of the total or partial liquidation of the investments, including the appreciation or increase of the capital invested. All transfers shall be effected without delay in any convertible currency at the market rate of exchange applicable on the date of transfer. In the absence of a market for foreign exchange, the rate to be used shall be the most recent exchange rate applied to inward investments or the most recent exchange rate for conversion of currencies into Special Drawing Rights, whichever is the more favourable to the investor. Transfers shall be done in accordance with the domestic law of the country pertaining thereto. Such law shall not, however, regarding either the requirements or the application thereof, impair or derogate from free and undelayed transfer allowed in terms of sub-Articles (1) and (2).

Transfer of Investments and Returns. (1) Each Contracting Party shall allow investors of the other Contracting Party the free transfer of payments relating to their investments and returns, including the -the: (a) compensation paid pursuant to Articles 4 and 5; (b) amounts intended for the payment of contractual obligations, including the amounts required for the repayment of loans, the payment of royalties for licenseslicences, franchises, concessions and other similar rights; (c) revenue from investments; and (d) proceeds of the total or partial liquidation of the investments, including the appreciation or increase of the capital invested. . (2) All transfers shall be effected without delay in any convertible currency at the market rate of exchange applicable on the date of transfer. In the absence of a market for foreign exchange, the rate to be used shall be the most recent exchange rate applied to inward investments or the most recent exchange rate for conversion of currencies into Special Drawing Rights, whichever is the more favourable to the investor. . (3) Transfers shall be done in accordance with the domestic law of in force in the country pertaining thereto. Such law shall not, however, regarding either the requirements or the application thereof, not impair or derogate from free and undelayed transfer allowed in terms of sub-Articles (1) and (2).

Transfer of Investments and Returns. (1) Each Party shall allow investors of the other Party the free transfer of payments relating to their investments and returns, including the - (a) compensation paid pursuant to Articles 4 and 5;. (b) amounts intended for the payment of contractual obligations, including the amounts required for the repayment of loans, the payment of royalties for licenseslicences, franchises, concessions and other similar rights; (c) revenue from investments; and (d) proceeds of the total or partial liquidation of the investments, including the appreciation or increase of the capital invested. . (2) All transfers shall be effected without delay in any convertible currency at the market rate of exchange applicable on the date of transfer. In the absence of a market for foreign exchange, the rate to be used shall be the most recent exchange rate applied to inward investments or the most recent exchange rate for conversion of currencies into Special Drawing Rights, whichever is the more favourable to the investor. . (3) Transfers shall be done in accordance with the domestic law of the country pertaining thereto. Such law shall not, however, regarding either the requirements or the application thereof, impair or derogate from free and undelayed transfer allowed in terms of sub-Articles (1) and (2).

Transfer of Investments and Returns. (1) Each Party shall shal] allow investors of the other Party the free transfer of payments relating to their investments and returns, including the - (a) compensation paid pursuant to Articles 4 5 and 56; (b) amounts intended for the payment of contractual obligations, including the amounts required for the repayment of loans, the payment of royalties for licenseslicences, franchises, concessions and other similar rights; (c) revenue from investments; and (d) proceeds of the total or partial liquidation of the investments, including the appreciation or increase of the capital invested. . (a) All transfers shall be effected without delay in any convertible currency at the market rate of exchange applicable on the date of transfer. . (b) In the absence of a market for foreign exchange, the rate to be used shall be the most recent exchange rate applied to inward investments or the most recent exchange rate for conversion of currencies into Special Drawing Rights, whichever is the more favourable to the investor. . (3) Transfers shall be done in accordance with the domestic law in force in the territory of that country that has hosted the country pertaining theretoinvestments. Such law shall not, however, regarding either the requirements or the application thereof, impair or derogate from free and undelayed transfer allowed in terms of sub-Articles (1) and (2).