Transfer of Payments Sample Clauses

Transfer of Payments. 1. Each Contracting Party shall guarantee to investors of the other Contracting Party, after fulfillment of all tax obligations, a free transfer abroad of payments in connection with the investments, and in particular: a) revenue; b) funds in repayment of loans and credits recognized by both Contracting Parties as investments, as well as the accrued interest; c) funds received in connection with the partial or total liquidation or sale of investments; d) the compensation provided for in Articles 4 and 5 of this Agreement; e) wages and other remuneration received by investors and individuals of the other Contracting Party who are allowed to work in connection with an investment in the territory of the first Contracting Party. 2. Transfers of payments are made without delay in freely convertible currency at the rate applicable on the date of transfer, in accordance with the currency legislation of the State of the Contracting Party in whose territory investments were made.
AutoNDA by SimpleDocs
Transfer of Payments. (1) Each Contracting State shall in respect of investments by investors of the other Contracting State in its territory allow transfers related to these investments into and out of its territory. The freedom of transfer shall include in particular, but not exclusively: (a) The initial capital plus any additional capital for the maintenance and development of an investment; (b) Returns; (c) Payments arising out of the settlement of a dispute; (d) Payments under a contract, as well as amortization of principal and accrued interest pursuant to a loan agreement; (e) Compensation pursuant to Article 5 and 6; (f) Proceeds from the sale or liquidation of all or any part of an investment; (g) Earnings and other remuneration of personnel engaged from abroad in connection with an investment. (2) Transfers under Paragraph (1) of this Article shall be effected without delay and in a freely convertible currency, (3) Transfers shall be made at the prevailing market rate of exchange on the date of transfer.
Transfer of Payments. 1) Each Contracting Party shall guarantee to the investors of the other Contracting Party the free transfer of payments related to investment and in particular: A) the initial capital and additional amounts to maintain or to increase investment.
Transfer of Payments. 1. Each Contracting Party shall, in accordance with the laws and regulations of Its State, ensure to investors of the other Contracting Party, the free transfer of payments In relation to Investments, and In particular the transfer of: a. Initial capital and additional amounts to maintain or increase the investment; b. Returns; c. Funds in repayment of loans, connected to an investment; d. Proceeds of sale or liquidation of the whole or any part of the Investment; e. Compensation, according to Article 5 and 6 of this Agreement; f. The unspent earning of citizens of the State of the other Contracting Party who work In connection with the investment In the territory of the State of the former Contracting Party. 2. The transfer of payments provided for in paragraph 1 of this Article shall be effected without undue delay, In a freely convertible currency and at the rate of exchange on the date of transfer, applied in accordance with the foreign exchange regulations of the State of the Contracting Party In whose territory the investment has been made.
Transfer of Payments. 1. Each Contracting Party shall guarantee to investors of the other Contracting Party, after fulfillment of all tax obligations, a free transfer abroad of payments related to investments and in particular: a) the amount of the original investment and additional amounts to maintain and increase investments; b) income; c) the amounts in repayment of loans, recognized by both Contracting Parties as investments; d) the sums received by the investor in connection with the partial or total liquidation or sale of investments; e) the compensation provided for in Article 6 of this Agreement; f) wages and other remuneration received by investors and key personnel of the other Contracting Party who are allowed to work in connection with investments in the territory of the first Contracting Party. 2. Transfer of payments will be carried out without delay in a freely convertible currency at the exchange rate applicable on the date of transfer in accordance with the foreign exchange control regulations of the Contracting Party in whose territory the investments are made.
Transfer of Payments. 1. Each Contracting Party shall guarantee to the investors of the other Contracting Party, after they have honored their respective tax obligations in full in conformity with the legislation of either Contracting Party, an unimpeded transfer for abroad of payments associated with the investments, and, in particular: a) of amounts of initial investments and any extra amounts to support and increase the investments; b) of incomes; c) of amounts to be paid in redemption of loans pertaining to the investments; d) of amounts received by the investor in connection with either partial or complete liquidation or the sale of investments; e) of the compensation, stipulated in Article 5 of this Agreement; 2. Transfer of payments shall be effected without delay in freely convertible currency at the exchange rate existing on the date of the transfer in accordance with the applicable currency regulation of the Contracting Party on whose territory the investments were made.
Transfer of Payments. 1) The host Party shall allow, with respect to investments under this Agreement, the unrestricted transfer of payments in connection with investments into and out of its territory. The free transfer shall include, inter alia, the initial capital or the proceeds from the liquidation of the investment, returns, payments pursuant to a loan agreement, unspent earnings of personnel engaged from abroad, payments arising out of the settlement of a dispute and compensation under Article 4 and 5 of this Agreement. 2) Transfer under paragraph (1) of this Article shall be effected without delay and in a freely convertible currency at the prevailing market rate of exchange on the date of transfer with respect to spot transactions in the currency to be transferred.
AutoNDA by SimpleDocs
Transfer of Payments. 1 . Each Contracting Party shall guarantee investors of the other Contracting Party the free transfer of funds related to their investments and in particular, though not exclusively: a) Initial capital and additional contributions for the maintenance or development of the investments; b) Returns; c) Funds in repayment of loans related to an investment; d) Proceeds from the sale or liquidation of all or part of an investment; e) Any compensation or other payment referred to in Articles 4 and 5 of this Agreement; f) Payments arising out of the settlement of a dispute; g) Earnings and other remuneration of nationals of the other Contracting Party who are employed and allowed to work in connection with the investment in its territory. 2 . Each Contracting Party shall further guarantee that transfers shall be made in freely usable currencies at the market rate of exchange existing on the date of transfer.
Transfer of Payments. All payments due and payable hereunder to BGM shall be made by wire transfer to the following bank account number of such bank or other location as may be designated in writing by BGM from time to time: Wire Transfer Information: Bank Name: [***] Bank Address: [***] Account Number: [***] Swift Code: [***]
Transfer of Payments. 1. Each Contracting Party shall accord to investors of the other Contracting Party, after fulfillment of all their tax or other fiscal obligations of its kind free transfer of: a) initial and additional sums to maintain or increase the investment; b) returns from the investment; c) revenues generated by the total or partial sale or liquidation of the investment; d) amounts required for the payment of costs arising from the operation of the investment such as loan repayments, payment of patents, licensing fees, royalties or other fees; e) compensation payable pursuant to Art. 4 and 5 (i. e. Compensation for losses and compensation for expropriation); f) the remuneration received by nationals of other Contracting Party of any work done or service rendered in connection with investments made in its territory in accordance with its laws and regulations. 2. The transfers referred to in the preceding paragraph shall be made without delay in freely convertible currency agreed between the parties at the market exchange rate prevailing on the date of transfer in the territory of the Contracting Party where the investment was made. 3. All orders subject to in the present article shall be provided in accordance with the legislation of each Contracting Party treatment no less favorable than that accorded to transfers made by investors of any third state.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!