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ARTICLE 6
(1) Each Contracting Party hall in respect of investments guarantee to investors of the other Contracting Party the unrestricted right to transfer their investments and returns
abroad.
(2) Each Contracting Party shall also guarantee to investors of the other Contracting Party the unrestricted right to transfer capital to maintain or increase their investments, to repay loans contracted in connection with an investment, to transfer the proceeds of a liquidation or a sale of the whole or any part of an investment, and to transfer the compensation provided for in Articles 4 and 5 of this Agreement.
(3) Transfers of currency shall be effected without delay in any convertible currency. A transfer shall be deemed to have been made without delay if effected within such period as is normally required for the completion of transfer formalities.
(4) Unless otherwise agreed by the investor, transfers shall be made at the rate of exchange applicable on the date of transfer. This rate of exchange shall correspond to the cross rate obtained from those rates which would be applied by the International Monetary Fund on the date payment for conversions of the currencies concerned into Special Drawing Rights.
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ARTICLE 7
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(1) If one Contracting Party or its designated Agency makes payment under an indemnity given in respect of an investment in the area of the other Contracting Party, the latter Contracting Contracting Party shall recognise the assignment to the former Party or its designated Agency by law or by legal transaction of all the rights and claims of the indemnified investor and that the former Contracting Party or its designated Agency is entitled
I it shall also reco
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recognise
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