TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 38

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ARTICLE 7

Transfer of Investments and Returns

(1)

Each Contracting Party shall in respect of

investments guarantee to investors of the other Contracting

Party the

unrestricted right to transfer abroad their

investments as defined in Article 1(2) and their returns as

defined in Article 1(4) (including profit, interest, capital

gains, dividends, royalties and fees). Investors shall also

have the unrestricted right to transfer abroad :

(2)

(a)

repayments of loans duly contracted;

(b)

proceeds of partial or total

liquidation of an

investment,

including capital gains on the capital

invested;

(c)

compensation

for

deprivation or loss provided for

in Articles 5 and 6 of this Agreement.

Personnel employed

from abroad in connection with

investments shall be entitled to transfer abroad earnings

and other remuneration.

(3)

Transfers of currency

shall be effected without

delay in any convertible currency. Transfers shall be made

at the rate of exchange applicable on the date of transfer.

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