Common use of Transfers of Currency Clause in Contracts

Transfers of Currency. (1) Each Contracting Party guarantees to the investors of this other Contracting Party, in respect of their investments, subject to its laws and regulations, the transfer of, (a) The current returns resulting from an investment, (b) The proceeds accruing from the total or partial sale, alienation or liquidation of an investment; (c) The payments made for the reimbursement of the credits for investments and interest due; (d) An adequate portion of the earnings of the citizens of the other Contracting Party deriving from their work and service in connecting with an investment in its territory; (e) Compensation referred to in Articles 4 and 5. (2) Each Contracting Party shall issue, after fulfillment of the legal obligation pertaining to the investors, the necessary licenses in order to ensure the execution without delay of the transfers. (3) The above transfers shall be made in the convertible currency in which the investment has been made or in any other freely convertible currency, if so agreed, at the rate of exchange in force at the date of the transfer. (4) Without delay", in the meaning of this Article are considered the transfers which are made within a period normally required to prepare the formalities of transfer. The time runs from the date when the application together with necessary documents we submitted, in the proper way, to the competent authorities and should not exceed, in any case a period of two months.

Transfers of Currency. (1) Each Contracting Party guarantees guarantees, subject to its laws and regulations regarding transfers, to the investors of this the other Contracting Party, in respect of their investments, subject to its laws and regulations, the transfer of,: (aA) The current returns Returns resulting from an investment,; (bB) The proceeds Proceeds accruing from the total or partial sale, alienation or liquidation of an investment; (cC) The payments Payments made for the reimbursement of the credits for investments and interest due; (dD) An adequate portion Earnings of the earnings of the citizens nationals of the other Contracting Party deriving from their Party, or foreign nationals who work and service in connecting with within the framework of an investment in its territoryaccording to Article II (4); (eE) Compensation Compensations referred to in Articles 4 IV and 5.V. (2) Each Contracting Party shall issueshall, after fulfillment fulfilment of the legal obligation fiscal obligations pertaining to the investorsinvestment, issue the necessary licenses in order to ensure the execution without delay of the transfers. (3) The above transfers shall be made in the convertible currency in which the investment has been made or in any other freely convertible currency, if so agreed, at the official rate of exchange in force at on the date of the transfer. (4) Without delay", in the meaning of this Article article, are considered the transfers which are made within a period normally required to prepare the formalities of transfer. The time period runs from the date when the application together with necessary the relevant documents we submitted, are submitted in the proper way, legal form to the competent authorities and should shall not exceed, in any case case, a period of two months.