Transfer of Payments Related to Investments. (1) Each Contracting State shall grant to investors of the other Contracting State the free transfer of payments in connection with an investment into and out of its territory, including the transfer of: (a) The initial capital plus any additional capital for the maintenance and development of the investment; (b) Returns; (c) Payments under a contract, including amortisation of principal and accrued interest payment pursuant to a loan agreement; (d) Royalties and fees for the rights referred to in Article 1 (1) (d); (e) Proceeds from the sale or liquidation of the whole or any part of the investment; (f) Earnings and other remunerations of personnel engaged from abroad in connection with the investment; (g) Payments of compensation pursuant to Articles 5,6 and 7; (h) Payments referred to in Article 9; and (i) Payments arising out of the settlement of a dispute. (2) Transfers of payments under paragraph (1) shall be effected without delay in a convertible currency at the applicable rate of exchange in the host State. (3) Transfers shall be made at the prevailing market rate of exchange on the date of transfer with respect to spot transactions in the currency to be transferred.
Appears in 12 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
