Common use of Transfer Mode Clause in Contracts

Transfer Mode. 1 . The transfers referred to in Articles 4, 5, 6 and 7 shall be made without undue delay, and in any case within six months of the fulfillment of the tax obligations. Such transfers shall be made in a currency convertible to the official exchange rate applied on the date on which the investor requests transfer, with the exception of the provisions of Article 5 (3) concerning the exchange rate applicable in the event of nationalization or expropriation Articles 4, 5, 6 and 7 will be carried out without undue delay, and in any event within six months of the fulfillment of the tax obligations. Such transfers shall be made in a currency convertible to the official exchange rate applied on the date on which the investor requests transfer, with the exception of the provisions of Article 5 (3) concerning the exchange rate applicable in the event of nationalization or expropriation . 2 . The tax obligations referred to in the preceding paragraph shall be deemed to have been fulfilled when the investor has performed the procedures provided for by the law of the Contracting Party in whose territory the investment was made.