Common use of Where one Contracting Party Clause in Contracts

Where one Contracting Party. or any public institution of the said Contracting Party, has granted a financial security against non-commercial risks in respect of an investment by nationals or companies in the territory of the other Contracting Party and payment has been made by the first Contracting Party or any public institution of this Party to its nationals or companies, the other Contracting Party shall recognize the rights of the first Contracting Party or any public institution of such Contracting Party by virtue of the principle of subrogation to the rights of the investor.

Where one Contracting Party. or any public institution of the said Contracting PartyContractingParty, has granted a any financial security against non-commercial risks in respect of an investment by nationals or companies in the territory of the other Contracting Party and payment has been made by the first Contracting Party or any public institution of this Party to its nationals or companies, the other Contracting Party shall recognize recognise the rights of rightsof the first Contracting Party or any public institution of such Contracting Party by virtue of the principle of subrogation to the rights of the investor.

Where one Contracting Party. or any public institution of the said Contracting Party, has granted a any financial security against non-commercial risks in respect of an investment by nationals a national or companies company in the territory of the other Contracting Party and payment has been made by the first Contracting Party or any public institution of this Party to its nationals own national or companiescompany, the other Contracting Party shall recognize the rights of the first Contracting Party or any public institution of such Contracting Party by virtue of the principle of subrogation to the rights of the investor.

Where one Contracting Party. or any public institution of the said Contracting Party, has granted a any financial security against non-commercial risks in respect of an investment by nationals or companies in the territory of the other Contracting Party and payment has been made by the first Contracting Party or any public institution of this Party to its nationals or companies, the other Contracting Party shall recognize recognise the rights of the first Contracting Party or any public institution of such Contracting Party by virtue of of-the principle of subrogation to the rights of the investor.