Common use of Specific Commitment Clause in Contracts

Specific Commitment. Investments which have been the subject of a specific undertaking by one of the contracting Parties in respect of the nationals and companies of the other contracting Party shall be governed, without prejudice to the provisions of this Agreement, by the terms of that undertaking insofar as it contains provisions more favorable than those provided for in this Agreement. The provisions of Article 7 of this Agreement shall apply even in the case of a specific undertaking providing for the waiver of international arbitration or designating an arbitral tribunal different from that referred to in Article 7 of this Agreement.

Specific Commitment. Investments which have been the subject of a specific undertaking by one of the contracting Parties in respect of the nationals and companies of the other contracting Contracting Party shall be governed, without prejudice to the provisions of this Agreement, by the terms of that undertaking insofar as it contains provisions more favorable than those provided for in this Agreement. The provisions of Article 7 of this Agreement shall apply even in the case of a specific undertaking providing for the waiver of international arbitration or designating an arbitral tribunal different from that referred to in Article 7 of this Agreement.