Common use of Transfer Procedures Clause in Contracts

Transfer Procedures. Each Contracting Party shall permit the transfer of the amounts referred to in Article (4) of this Agreement abroad without undue delay within six months after the fulfillment of all financial obligations related to investment in accordance with the laws and procedures of the host Contracting Party, or after providing sufficient and satisfactory guarantees attesting to the fulfillment of those obligations. In case of delay after this period has expired, interest shall be paid, calculated on the basis of the normal commercial interest rate up to the date of payment. Transfers shall be made in a convertible currency in which the investment was originally made or in any other convertible currency agreed upon by the investor and the Contracting Party concerned.

Transfer Procedures. Each Contracting Party shall permit allow the transfer of the amounts referred to in Article (4) 7 of this Agreement abroad without undue delay delay, within six months after the fulfillment of all of the financial obligations related to investment in accordance with under the laws and procedures of the host Contracting Party, or after providing sufficient and satisfactory adequate guarantees attesting to the fulfillment of fulfill those obligationscommitments. In case the event of delay after the expiry of this period has expiredperiod, interest shall be paid, calculated on the basis of the normal commercial interest rate up to until the date of payment. Transfers shall be made in a convertible currency currency, the same in which the investment original capital was originally made invested, or in any other convertible currency agreed upon by the investor and the concerned Contracting Party concernedParty.