Common use of Subrogation Clause in Contracts

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment of any right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee against non- commercial risks it has accorded insurance given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made in the territory of the other Contracting Partyinvestments, the latter Contracting Party shall recognize: a) The assignment assignment, whether under the law or pursuant to a legal transaction in that State, of any right or claim of from investors to the investor in respect of the first former Contracting Party or its designated agency, and also,; and b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthose investors.

Subrogation. If a one Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party or its designated agencyParty, and also,as well as (b) That the first that former Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of nationals or companies under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party or its designated agencyParty, and also,as well as (b) That the first that former Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment of any right or claim shall, without prejudice to the rights of the Contracting Party in accordance with Article (7), recognize the transfer of rights of that investor in respect of to the first former Contracting Party or its designated agency, and also, b) That the first that subrogation of the former Contracting Party or its designated agency, is entitled by virtue agency in respect of subrogation these rights and shall not have the right to exercise any right that the rights and that claims of investor and shall assume the obligations related to the investmentdoes not have.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right whether under the law or claim of pursuant to the investor legal transaction in respect of that country to the first former Contracting Party or its designated agencyagency of all the rights and claims of the indemnified investor, and also, b) That shall also recognise that the first that former Contracting Party or its designated agency, agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or any of its designated related agency makes a payment to its own investors an investor under a system established by virtue of a guarantee law against non- non-commercial risks it has accorded in respect of an investment made by their investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognise the transfer of any right or rights as claim of from the investor in respect of to the first former Contracting Party or any of its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled related agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee against non- commercial risks it has accorded insurance given in respect of an investment made by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize without prejudice to the rights of the investor under Chapter Two Part One of this Agreement the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognize the assignment, whether by law or by legal transaction, to the former Party of any right or claim all the rights and claims of the investor in respect of indemnified investor, and shall recognize that the first Contracting former Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled to exercise such rights and en force such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting one contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law or by legal transactions, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation any such right to exercise same extent as the rights and that claims of investor and shall assume the obligations related to the investmentinvestor.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognise the assignment, whether by law or by legal transaction, to the former Party of any right or claim all the rights and claims of the investor in respect of indemnified investor, and shall recognize that the first Contracting former Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, designate agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction, of any right or claim of by the investor in respect of to the first former Contracting Party or to its designated agency and (b) That the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthat investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee against non- commercial risks it has accorded insurance given in respect re- spect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such an investor to the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory area of the other Contracting Party, the latter Contracting Party shall recognizerecognise: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in its area, of any right or claim of from the investor in respect of investors to the first former Contracting Party or its designated agency, and also,; and (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor those investors and shall assume the obligations related relating to the investment.

Subrogation. If a one Contracting Party or its designated agency agency, makes a payment to one of its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter other Contracting Party shall recognize: a) The recognize the assignment of any right by law or claim of the investor by legal process, in respect of the first Contracting Party party, all the rights and claims of the investor indemnified. It shall also recognise that the party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency representing it is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee against non- commercial risks it has accorded insurance given in respect of an investment made by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise without prejudice to the rights of the investor under Chapter Two Part One of this Agreement the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law or by legal transactions, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation any such right to exercise same extent as the rights and that claims of investor and shall assume the obligations related to the investmentinvestor.

Subrogation. If a Contracting Party or its designated agency Agency makes payment to its own investors by virtue of an investor under a guarantee against non- commercial risks it has accorded in respect of granted to an investment made of such investor in the territory of the other Contracting Party, the latter such other Contracting Party shall recognize: a) The assignment recognize the transfer of any rights or claim of such investor to the former Contracting Party or its Agency and recognize the subrogation of the former Contracting Party or its Agency to such right or claim. The subrogated right or claim shall not be greater than the original right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentsaid investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law or by legal transactions, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related any such right to the investmentsame extent as the investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee against non- insurance of non commercial risks it has accorded given in respect of an investment made Investment of an investor in the territory of the other Contracting Party, the latter other Contracting Party shall recognize: a) The a. the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, and also,and b) That b. the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) recognise the assignment to the first Contracting Party of all rights and claims of the investor. The assignment of any subrogated right or claim shall not be greater than the original right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentinvestor.

Subrogation. If a The Contracting Party or its designated an agency makes duly authorized by it which has made a payment to its own investors by virtue the investor on the basis of a guarantee against non- non-commercial risks it has accorded in respect of an investment made in connection with its investments on the territory of the other Contracting PartyParty , shall be entitled to exercise by way of subrogation, the investor's rights in the same scope as the investor itself. Such rights shall be exercised in accordance with the legislation of the latter Contracting Party shall recognize: a) The assignment of any right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentParty.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of a an investor under guarantee against non- commercial risks it has accorded in respect of granted to an investment made of such investor in the territory of the other Contracting Party, the latter such other Contracting Party shall recognize: a) The recognize the assignment of any the right or claim of such investor to the former Contracting Party or its Agency and recognize the subrogation of the former Contracting Party or its Agency to such right or claim. The subrogated right or claim shall not be greater than the original right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentsaid investor.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related any such right to the investmentsame extent as the investor.

Subrogation. If a Contracting Party or its designated agency makes effects a payment to its own investors by virtue of a guarantee under any financial security against non- non-commercial risks it has accorded given in respect of an investment made by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related any such right or claim, to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee against non- commercial risks it has accorded insurance given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim of such an investor to the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognize the assignment, whether by law or by legal transaction, to the former Party of any right or claim all the rights and claims of the investor in respect of indemnified investor, and shall recognize that the first Contracting ▇▇▇▇▇▇ Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize:; (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,and (b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that such claims of that investor and shall assume the obligations obligation related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded given in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in its territory, of any right or claim of by investors to the investor in respect of the first former Contracting Party or its designated agency, and also,; as well as (b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor the investors and shall assume the obligations related to the investmentinvestments.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction, of any right rights or claim of claims from investors to the investor in respect of the first former Contracting Party or its designated agency, and also,; and (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthose investors.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded given in respect of an investment made by any of its investors in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, Agency and also, b) That the first that right of the former Contracting Party or its designated agencyAgency to exercise, is entitled by virtue of subrogation to exercise the rights subrogation, any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded given in respect of an investment made by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- non commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of from the investor in respect of to the first former Contracting Party or its designated agency, and also,as well as; (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume assumes the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made in the territory of the other Contracting Partyinvestments, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that State, of any right rights or claim of claims from investors to the investor in respect of the first former Contracting Party or its designated agency, and also,; and (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthose investors.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity covering noncommercial risk given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment of any right or claim shall, without prejudice to the rights of the investor in respect of former Contracting Party under Article 9, recognize the first assignment to the former Contracting Party or its designated agency, agency of all rights and also, b) That claims of the first investor which that Contracting Party or its designated agency, is agency shall be entitled to exercise by virtue of subrogation to exercise the rights and that claims of investor and shall assume same extent as the obligations related to the investmentParty indemnified.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) a. The assignment assignment, whether under the law or pursuant to a legal transaction, of any right or claim of by the investor in respect of to the first former Contracting Party or to its designated agency and b. That the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentsame extent as those of that investor.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of under a guarantee it has issued against non- non-commercial risks it has accorded in respect relation to an investment of an investment made investor in the territory of the other Contracting Party, the latter Contracting Party Latter shall recognize: a) The assignment recognize the transfer of any right or claim rights of claims of the investor in respect to the Contracting Party or its designated Agency, by virtue of the principle of subrogation. The subrogated rights or claims shall not be greater than the original rights or claims of the investor. The first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and Agency shall also assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of a under guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party or its designated agency, and also,; as well as (b) That that the first that former Contracting Party or its designated agencyagency is entitled, is entitled by virtue of subrogation subrogation, to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that Contracting Party, of any right rights or claim of claims from investors to the investor in respect of the first former Contracting Party or its designated agency, and also,and (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthose investors.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue investor under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded risks, given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency body makes payment to its own investors under the guarantee or non-commercial risk insurance contract for the investments made by virtue of a guarantee against non- commercial risks it has accorded in respect of an investment made investor in the territory of the other Contracting Party's State, the latter Contracting Party shall recognize: a) The recognize assignment of any all investor's right or claim of to the investor in respect of the first former Contracting Party or its designated agency, body and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled body to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of due to a guarantee against non- commercial risks it that has accorded in respect of been data for an investment made in the territory of the other Contracting Party, this the latter must recognize the transfer to the territory of the first Contracting Party shall recognize: a) The assignment of any right or claim all rights and claims of the investor in respect of indemnified investors and recognize that the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the above rights mentioned and that to assert its claims of investor and shall assume the obligations related to the investmentunder subrogation, everything as said investors would have been.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee of a guarantee against non- commercial risks it has accorded contract of insurance given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim of such investor to the investor in respect former Contracting Party of its designated agency and the right of the first former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- non-commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,; and (b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that such claims of that investor and shall assume the obligations obligation related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded or contract of insurance given in respect of an investment made by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize without prejudice to the rights of the investor under Chapter Two Part One the assignment of any right or claim of such an investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a In case one Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded given in respect of an investment made by any of its investors in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim of the such investor in respect of to the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party Party' shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,and (b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue virtue, of subrogation to exercise the rights and that such claims of that investor and shall assume the obligations obligation related to the investment.

Subrogation. If one of the Contracting Parties or an agency designated by it makes a Contracting Party or its designated agency makes payment to one of its own investors by virtue of investors, under a financial guarantee against non- non-commercial risks risks, which it has accorded granted in respect of connection with an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognizes, by virtue of the principle of subrogation, the transfer of any right or claim title of the that investor in respect of to the first contracting party or to the agency designated by it. The other Contracting Party or its designated agency, shall be entitled to deduct the fees and also, b) That other public expenses due and payable by the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentinvestor.

Subrogation. ‌ If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related any such right to the investmentsame extent as the investor.

Subrogation. If a Contracting Party or its designated agency makes made payment to its own investors by virtue of an investor based on a guarantee against of protection from non- commercial risks it has accorded in respect of relation to an investment made in the territory of the other Contracting Party, such other Contracting Party shall recognize the acquirement of the rights of such investor by the former Contracting Party by virtue of subrogation, Such rights shall be exercised in accordance with the legislation of the latter Contracting Party shall recognize: a) The assignment of any right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentParty.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee or contract of insurance against non- non-commercial risks it has accorded given in respect of an investment made by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize without prejudice to the rights of the investor under Chapter Two Part One the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. 1. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment assignment, whether under the law or pursuant to a legal transaction, of any right or claim of by the investor in respect of to the first former Contracting Party or to its designated agency and b) That the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthat investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of investor under, a guarantee against non- commercial risks it has accorded or contract of insurance given in respect of an investment made of the investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such an investor to the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded investor under an indemnity given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law or by legal transactions, and also, b) That that the first that former Contracting Party or its designated agency, agency is entitled to exercise by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related any such right to the investmentsame extent as the investor indemnified.

Subrogation. (1) If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party, as well as (b) that the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of the investor and shall assume the obligations related to the investment, including taxes or other public charges due and payable from the investor. (2) In the case the Contracting Party which has made the payment to its investor takes over all rights and claims of the investor, then the investor shall not pursue these rights and claims against the other Contracting Party, unless he is authorized to do so on behalf of the former Contracting Party

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognizerecognise: a) The assignment assignment, whether under the law or pursuant to a legal transaction, of any right or claim of by the investor in respect of to the first former Contracting Party or to its designated agency and b) That the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthat investor.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognise the assignment, whether by law or by legal transaction, to the former Contracting Party of any right or claim all the rights and claims of the investor in respect of indemnified investor, and shall recognize that the first former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, designate agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a The Contracting Party or its designated an agency makes duly authorized by it which has made a payment to its own investors by virtue the investor on the basis of a guarantee against non- non-commercial risks it has accorded in respect of an investment made in connection with its investments on the territory of the other Contracting Party, shall be entitled to exercise by way of subrogation, the investor's rights in the same scope as the investor itself. Such rights shall be exercised in accordance with the legislation of the latter Contracting Party shall recognize: a) The assignment of any right or claim of the investor in respect of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentParty.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognise the assignment, whether by law or by legal transaction, to the former Party of any right or claim all the rights and claims of the investor in respect of indemnified investor, and shall recognise that the first Contracting former Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, designate agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to any of its own investors by virtue of under a guarantee against non- commercial risks risk it has accorded in granted In respect of an investment made in the territory of investment, the other Contracting PartyParty shall, without prejudice to the latter rights of the former Contracting Party shall recognize: a) The assignment under Article 7, recognize the transfer of any right or claim title of such investors to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that subrogation of the former Contracting Party or its designated agency, is entitled by virtue of subrogation agency to exercise the rights and that claims of investor and shall assume the obligations related to the investmentany right or title.

Subrogation. If a either Contracting Party or its designated agency makes a payment to one of its own investors by virtue of a under any financial guarantee against non- non-commercial risks it has accorded granted in respect regard of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise by virtue of subrogation, the assignment of any right or claim of the that investor in respect of to the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation without prejudice to exercise the rights and that claims of the investor and shall assume the obligations related to the investmentunder Article 9 of this Agreement.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of a under guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party or its designated agency, and also,; as well as (b) That the first that former Contracting Party or its designated agencyagency is entitled, is entitled by virtue of subrogation subrogation, to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a one Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of a investor under an insurance or guarantee against non- commercial risks it has accorded in contracted with respect of to an investment made in the territory of the other Contracting PartyParty against non- commercial risks, the latter Contracting Party shall recognize: a) The assignment of any right or claim recognize the subrogation of the investor in respect of the first former Contracting Party or its designated agency, Agency to all the rights and also, b) That claims of the first investor and that the former Contracting Party or its designated agency, Agency is entitled by virtue of subrogation to exercise the such rights and that enforce such claims of investor and shall assume the obligations related to the investmentsame extent.

Subrogation. If a either Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognize the assignment, whether by law or by legal transaction, to the former Party of any right or claim all the rights and claims of the investor in respect of indemnified investor, and shall recognize that the first Contracting former Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, designate agency is entitled to exercise such rights and to enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party or its designated agency, and alsoas well as, b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investmentinvestments.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Partyinvestment, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of from the investor in respect of to the first former Contracting Party or its designated agency, and also,; as well as (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non-commercial risks it has accorded given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognize the assignment of any right or claim of such investor to the investor in respect of the first former Contracting Party or its designated agency, agency and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment to the former Contracting Party of any right or claim all the rights and Claims of the investor in respect of indemnified investor, and shall also recognize that the first former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, Agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded given in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in its territory, of any right or claim of by investors to the investor in respect of the first former Contracting Party or its designated agency, and also,; as well as (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor the investors and shall assume the obligations related to the investmentinvestments.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue investor an indemnity, guarantee or contract of a guarantee insurance against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of to the investor in respect of the first former Contracting Party or its designated agency, agency of all rights and also, b) That claims of the first that investor and the right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency authorized institution makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in for investments within the territory of the other Contracting Party, the latter Contracting other Party shall recognize: a) The recognize And / assignment of any right or claim of by the investor to the Contracting Party or its empowered institution irrespective of whether the referral was made pursuant to the Act or pursuant to a legal negotiations in respect of this country, and the first fact B / the Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, institution is entitled by virtue of subrogation to exercise the rights and that bear the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial noncommercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter host Party shall recognise the assignment, whether under the law or pursuant to a legal transaction to the former Contracting Party of all the rights and claims resulting from such an investment, and shall recognize: a) The assignment of any right or claim of recognise that the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of nationals or companies under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of national or company to the first former Contracting Party or its designated agencyParty, and also,as well as (b) That the first that former Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor that national or company and shall assume the obligations related to the investment.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction, of any right or claim of from the investor in respect of to the first former Contracting Party or to its designated agency, and (b) That the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthat investor.

Subrogation. If a Contracting Party or its designated agency makes payment to one of its own investors by virtue of under a guarantee or contract of insurance against non- non-commercial risks it has accorded risk given in respect of an connection with investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognize the transfer of any right or claim of belonging to such investor to the investor in respect first Contracting Party or its designated agency and the right of the first Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation such right or claim to exercise an amount not exceeding the rights and that claims right of investor and shall assume the obligations related to the investmenttransfer.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue under an indemnity, guarantee or contract of a guarantee insurance against non- non commercial risks it has accorded given in respect of an investment made of an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of such an investor to the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investment.same extent as its predecessor in title. H-vJ

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue investor an indemnity, guarantee or contract of a guarantee insurance against non- commercial noncommercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim of to the investor in respect of the first former Contracting Party or its designated agency, agency of all rights and also, b) That claims of the first that investor and the right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation to exercise the rights any such right and that claims of investor and shall assume the obligations related claim to the investmentsame extent as its predecessor in title.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or. pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party or its designated agencyParty, and alsoas well as, (b) That the first that former Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of the investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in agreement with respect of to an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the transfer of any right or claim of from the investor in respect of to the first former Contracting Party or its designated agency, and also,whether such a transfer is made under the Act or an established legal transaction in that State; and (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the investor's rights and that enforce investor claims of investor and shall to assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes payment to one of its own investors by virtue of under a guarantee against non- commercial risks it has accorded or contract of insurance given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The assignment recognize the transfer of any right or claim of belonging such investor to the investor in respect first Contracting party or its designated agency and the right of the first Contracting Party party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation any such right or claim to exercise an amount not exceeding the rights and that claims right of investor and shall assume the obligations related to the investmenttransferor to.

Subrogation. If a one Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, Party the latter Contracting Party shall recognize:recognize:- (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that state of any right or claim of by the investor in respect of to the first former Contracting Party or to its designated agency as well as, (b) That the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, by law or legal transaction, of any right rights or claim of claims from investors to the investor in respect of the first former Contracting Party or its designated agency, and also,and (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the such rights and that enforce such claims of investor and shall assume the obligations related to the investmentsame extent as those investors.

Subrogation. If a one Contracting Party or its designated agency makes a payment to its own investors by virtue investor under an indemnity, guarantee or contract of insurance against a guarantee against non- non-commercial risks it has accorded risk given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) The recognise the assignment of any right or claim all the rights and claims of the indemnified investor in respect of to the first former Contracting Party or its designated agency, by law or by legal transaction, and also, b) That the first that right of the former Contracting Party or its designated agency, is entitled agency to exercise by virtue of subrogation any such right to exercise same extent as the rights and that claims of investor and shall assume the obligations related to the investmentinvestor.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Partyinvestment, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of from the investor in respect of to the first former Contracting Party or its designated agency, and also,as well as; (b) That that the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a) a. The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,; and b) b. That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and such claims',of that claims of investor and shall assume the obligations obligation related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- non-commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter host Party shall, without prejudice to the rights of the former Contracting Party under Article 10 of this Agreement, recognize the assignment, whether under a law or pursuant to a legal transaction to the former Contracting Party of all the rights and claims resulting from such an investment, and shall recognize: a) The assignment of any right or claim of recognize that the investor in respect of the first former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the such rights and that enforce such claims of investor and shall assume the obligations related to the investmentsame extent as the original investor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,; and (b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that such claims of that investor and shall assume the obligations obligation related to the investment.

Subrogation. 1. If a Contracting Party or its designated agency (guarantor) makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting PartyParty on the basis of a guarantee for the non-commercial risks of the investment, the latter receiving Contracting Party shall recognize:guarantee all rights and claims relating to such investment. The guarantor will recognize that it has the right to exercise such rights and requirements as the original investor. a) 2. The assignment of any right or claim of the investor in respect of the first subrogated Contracting Party or its designated agency, and also, bagency (guarantor) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that claims of investor shall have and shall assume enjoy the same rights as the original investor in respect of such insured investments in accordance with the obligations related to of the investmentinvestor.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made in the territory of the other Contracting Partyinvestments, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that State, of any right rights or claim of claims from investors to the investor in respect of the first former Contracting Party or its designated agency, and also,; and (b) That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and shall assume the obligations related to the investmentthose investors.

Subrogation. If a Contracting Party or its designated agency Agency makes a payment to its own investors by virtue of investor under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: recognise the assignment, whether by law or by legal transaction, to the former Party of a) The assignment of any right or claim =l the rights and claims of the investor in respect of indemnified investor, and shall recognize that the first Contracting former Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, designate agency is entitled to exercise such rights and enforce such claims by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related subrogation, to the investment.same extent as the original investor. THE REPUfiLTC OS' UGANDA

Subrogation. If a one Contracting Party or its designated agency makes payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party, as well as (b) that the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated authorized agency makes a payment to one of its own investors by virtue of against non-commercial risks under a guarantee against non- commercial risks it has accorded given in respect of an investment made in the territory of the other Contracting Partycontracting party, the latter Contracting Party shall recognize: a) The assignment , by virtue of the principle of subrogation or transfer of any right or claim title of the investor in respect favour of the first Contracting Party or its designated authorized agency, and also, b) That . the first that other Contracting Party or its designated agency, is shall be entitled to deduct taxes Public due and payable by virtue of subrogation to exercise the rights and that claims of investor and shall assume the obligations related to the investmentinvestor.

Subrogation. If a Contracting Party or its designated authorized agency makes a payment to its own investors by virtue of a guarantee against non- commercial risks it has accorded under an indemnity given in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize: a(1) The assignment assignment, whether under the law or pursuant to a legal transaction in that State, of any right rights or claim of claims from investors to the investor in respect of the first former Contracting Party or its designated authorized agency, and also,and b(2) That the first that former Contracting Party or its designated agency, authorized agency is entitled by virtue of subrogation to exercise the rights and that enforce the claims of investor and its own investors. The subrogated rights or claims shall assume not be greater than the obligations related to original rights or claims of the investmentsaid investors.

Subrogation. If a Contracting Party or its designated agency makes payment to its own investors by virtue of nationals or companies under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim of by the investor in respect of to the first former Contracting Party, as well as (b) that the former Contracting Party or its designated agency, and also, b) That the first that Contracting Party or its designated agency, is entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Partyinvestment, the latter Contracting Party shall recognize: (a) The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,and (b) That the first that former Contracting Party or its designated agency, is agency it entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial noncommercial risks it has accorded in respect of an investment made investments in the territory of the other Contracting Party, the latter Contracting Party shall recognize:; a) a. The assignment assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,; and b) b. That the first that former Contracting Party or its designated agency, agency is entitled by virtue of subrogation to exercise the rights and that such claims of that investor and shall assume the obligations obligation related to the investment.

Subrogation. If a Contracting Party or its designated agency makes a payment to its own investors by virtue of under a guarantee against non- commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Partyinvestment, the latter Contracting Party shall recognize: (a) The assignment the assignment, whether under the law or pursuant to a legal transaction in that country, of any right rights or claim of claims from the investor in respect of to the first former Contracting Party or its designated agency, and also,and (b) That that the first that former Contracting Party or its designated agency, is agency it entitled by virtue of subrogation to exercise the rights and that enforce the claims of that investor and shall assume the obligations related to the investment.