Common use of Transfer of Payments Related to Investments Clause in Contracts

Transfer of Payments Related to Investments. 1. Each Contracting Party shall guarantee to investors of the other Contracting Party the free transfer of payments in connection with an investment into and out of its territory, including the transfer of: a) The initial capital and any additional capital for the maintenance, management and development of the investment; b) Returns; c) Payments under a contract, including amortisation of principal and accrued interest payments made pursuant to a loan agreement; d) Royalties and fees for the rights referred to in Article 1 paragraph 1 d);paragraph 1 d); e) Proceeds from the sale or liquidation of the whole or any part of the investment; f) Earnings and other remuneration of personnel engaged from abroad in connection with the investment; g) Payments of compensation pursuant to Article 6 and 7;Article 6 and 7; h) Payment referred to in Article 8;Article 8; i) Payments arising out of the settlement of disputes. 2. Transfers of payments under paragraph 1 shall be effected without delay or restrictions and, except in the case of payments in kind, in a freely convertible xxxxxxxx.Xx case of delay in effecting the required transfers, the investor affected shall be entitled to receive adequate interest for the period of such delay.paragraph 1 shall be effected without delay or restrictions and, except in the case of payments in kind, in a freely convertible xxxxxxxx.Xx case of delay in effecting the required transfers, the investor affected shall be entitled to receive adequate interest for the period of such delay. 3. Transfers shall be made at the spot market rate of exchange prevailing in the host Contracting Party on the date of transfer for the currency to be transferred. In the absence of a market for foreign exchange, the rate to be applied will be the most recent rate applied to inward investments or the exchange rate determined in accordance with the regulations of the International Monetary Fund or the exchange rate for conversion of currencies intoSpecial Drawing Rights or United States Dollars, whichever is the most favourable to the investor.

Transfer of Payments Related to Investments. 1. Each Contracting Party shall guarantee to permit investors of the other Contracting Party Party, the free transfer of payments in connection with an investment into and out the investments after payment of its territory, including tax in accordance with the transfer ofAvoidance of Double Taxation Agreement that was signed between the Contracting Parties. Such transfers include: (a) The initial capital and any additional capital for the maintenance, management and development of the investment; (b) Returns; (c) Payments under a contract, including amortisation amortization of principal and accrued interest payments made pursuant to a loan agreement; (d) Royalties and fees for the rights referred to in Article 1 1, paragraph 1 d);paragraph 1 (d); (e) Proceeds from the sale or liquidation of the whole or any part of the investment, including shares; (f) Earnings and other remuneration of personnel engaged from abroad in connection with the investment; (g) Payments of compensation pursuant to Article Articles 6 and 7;Article 6 and 77 ; (h) Payment Payments referred to in Article 8;Article 8;9; and (i) Payments arising out of the settlement of disputesdisputes pursuant to articles 10 and 11. 2. Transfers of payments under paragraph 1 shall be effected without delay or restrictions and, except in the case of payments in kind, in a freely convertible xxxxxxxx.Xx currency. In case of such delay in effecting the required transfers, the investor affected shall be entitled to receive adequate interest for the period of such delay.paragraph 1 shall be effected without delay or restrictions and, except in the case of payments in kind, in a freely convertible xxxxxxxx.Xx case of delay in effecting the required transfers, the investor affected shall be entitled to receive adequate interest for the period of such delay. 3. Transfers shall be made at the spot market rate of exchange prevailing in the host Contracting Party on the date of transfer for the currency to be transferred. In the absence of a market for foreign exchange, the rate to be applied will be the most recent rate applied to inward investments or the exchange rate determined in accordance with the regulations of the International Monetary Fund or the exchange rate for conversion of currencies intoSpecial Drawing Rights into special drawing rights or United States Dollarsdollars, whichever is the most favourable favorable to the investor.

Transfer of Payments Related to Investments. 1. Each Contracting Party shall guarantee to investors of the other Contracting Party the free transfer of payments in connection with an investment in estment into and out of its territory, including state territory upon the fulfillment of their fiscal and any other legal obligations arising in the Host State. Such transfer ofshall include: (a) The the initial capital and any additional xxxxxx nal capital for the maintenance, management and development of the investment; (b) Returns; (c) Payments payments under a contract, including amortisation amortization of principal and accrued interest payments made pursuant to a loan agreement; (d) Royalties royalties and fees for the rights referred to in Article 1 paragraph 1 d);paragraph 1 (d); (e) Proceeds proceeds from the sale or liquidation of the whole or any part of the investment; (f) Earnings earnings and other remuneration of personnel engaged from abroad in connection with the investment; (g) Payments payments of compensation pursuant to Article 6 Articles 4 and 7;Article 6 and 75; (h) Payment payments referred to in Article 8;Article 8;7; and (i) Payments payments arising out of the settlement of disputes. 2. Transfers Without prejudice to paragraph 1, transfers of payments under paragraph 1 shall be effected without delay or restrictions and, except in the case of payments in kind, in a freely convertible xxxxxxxx.Xx currency. In case of such delay in effecting the required transfers, transfers the investor affected shall be entitled to receive adequate interest for the period of such delay.paragraph 1 shall be effected without delay or restrictions and, except in the case of payments in kind, in a freely convertible xxxxxxxx.Xx case of delay in effecting the required transfers, the investor affected shall be entitled to receive adequate interest for the period of such delay. 3. Transfers shall be made at the spot market rate of exchange prevailing in the state territory of the host Contracting Party on the date of transfer for the currency to be transferred. In the absence of a market for foreign exchange, the rate to be applied will be the most recent rate applied to inward investments or the exchange rate determined de'ermined in accordance with the regulations of the International Monetary Fund or the exchange rate for conversion of currencies intoSpecial into Special Drawing Rights or United States Dollars, whichever is the most favourable favorable to the investor.