Repatriation of Investment and Returns. (1) Each Contracting Party shall, in accordance with its laws and regulations, ensure all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred , without unreasonable delay and on a non-discriminatory basis. Such funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Returns; (c) Repayments of any loan including interest thereon, relating to the investment; (d) Proceeds received by investors in case of sale or partial sale or liquidation of their investments; (e) The earnings and other remuneration of personnel engaged from abroad in connection with an investment. (f) Payments made pursuant to Articles 5 and 6 of this Agreement. (2) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original Investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.
Appears in 4 contracts
Sources: Investment Agreement, Investment Agreement, Investment Agreement
Repatriation of Investment and Returns. (1) Each Contracting Party shall, in accordance with its laws and regulations, ensure shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred transferred, without unreasonable delay and on a non-discriminatory basis. Such funds may include:
(a) Capital and additional capital amounts used to maintain and increase investments;
(b) ReturnsNet operating profits including dividends and interest in proportion to their share-holdings;
(c) Repayments of any loan including interest thereon, relating to the investment;
(d) Payment of royalties and services fees relating to the investment;
(e) Proceeds received from sale of their shares;
(f) Proceeds received by investors in case of sale or partial sale or liquidation of their investmentsliquidation;
(eg) The earnings and other remuneration of personnel engaged from abroad citizens/nationals of one Contracting Party who work in connection with an investment.
(f) Payments made pursuant to Articles 5 and 6 investment in the territory of this Agreementthe other Contracting Party.
(2) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) 1 of this Article shall be permitted in the currency of the original Investment investment or any other convertible currencycurrency whichever is more favourable to the investor. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.
Appears in 4 contracts
Sources: Investment Protection Agreement, Bilateral Investment Treaty, Bilateral Investment Agreement
Repatriation of Investment and Returns. (1) Each Contracting Party shall, in accordance with its laws and regulations, ensure shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred transferred, without unreasonable delay and on a non-non- discriminatory basis. Such funds may would include:
(a) Capital and additional capital amounts used to maintain and increase investments;
(b) Returns;
(c) Repayments Repayment of any loan including interest thereon, relating to the investment;
(d) Proceeds from sales of their shares;
(e) Proceeds received by investors in case of sale or partial sale or liquidation of their investmentsliquidation;
(ef) The earnings and other remuneration of personnel engaged from abroad citizens/nationals of one Contracting Party who work in connection with an investment.investment in the territory of the other Contracting Party;
(fg) Payments made Payment arising from an investment dispute: and
(h) Compensation pursuant to Articles 5 and 6 Article (5) of this Agreement.
(2) Unless otherwise agreed to between the parties, parties currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original Investment investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Repatriation of Investment and Returns. (1) Each Contracting Party shall, in accordance with its laws and regulations, ensure shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred transferred, without unreasonable delay and on a non-discriminatory basis. Such funds may would include:
(a) Capital and additional capital amounts used to maintain and increase investmentsinvestment;
(b) Returns;
(c) Repayments of any loan including interest thereon, relating to the investment;
(d) Proceeds from sales of their shares;
e) Proceeds received by investors in case of sale or partial sale or liquidation of their investmentsliquidation;
(ef) The earnings and other remuneration of personnel engaged from abroad citizens/nationals of one Contracting Party who work in connection with an investment.investment in the territory of the other Contracting Party;
(fg) Payments made Compensation pursuant to Articles 5 and 6 Article (5) of this Agreement.
(2) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) 1 of this Article shall be permitted in the currency of the original Investment investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.
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