Common use of Where one Contracting Party Clause in Contracts

Where one Contracting Party. or an agency authorized by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized by the Contracting Party its designated Agency has granted a contract of insurance or issued any form of financial guarantee against non-commercial risks with in regard to an investment by one of its investors an investor in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party or its designated Agency by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting PartyParty or its designated Agency. The other Contracting Party shall be entitled to set off taxes and other-public charges due and payable by the investor.

Where one Contracting Party. or an agency authorized by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial noncommercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this the subject contract or financial guarantee by the first Contracting Party. However, the insurer or re-insurer shall not be entitled to exercise any rights other than the rights which the investor would have been entitled to exercise.

Where one Contracting Party. or an agency authorized authorised by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize recognise the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized authorised by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-non- commercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize recognise the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized designated by the Contracting Party it has granted a contract of insurance or any form of financial guarantee against non-commercial risks with in regard to an investment by one of its investors a national or company in the territory of the other Contracting Party, the latter shall recognize the rights of the first former Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has bas been made under this contract or financial guarantee by the first former Contracting PartyParty or an agency designated by it.

Where one Contracting Party. or an agency authorized by the Contracting Party its designated Agency has granted a contract of insurance or issued any form of financial guarantee against non-commercial risks with in regard to an investment by one of its investors an investor in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party or its designated Agency by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting PartyParty or its designated Agency. The other Contracting Party shall be entitled to set off taxes and other public charges due and payable by the investor.

Where one Contracting Party. or an agency authorized by the that Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial risks with regard to an investment by of one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party. The insurer or the reinsurer shall not be entitled to exercise any rights other than the rights which the investor would have been entitled to exercise.

Where one Contracting Party. or an agency authorized designated by the Contracting Party it has granted a contract of insurance or any form of financial guarantee against non-commercial risks with in regard to an investment by one of its investors a national or company in the territory of the other Contracting Party, the latter shall recognize the rights of the first former Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first former Contracting PartyParty or an agency designated by it.

Where one Contracting Party. or an agency authorized authorised by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial noncommercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize recognise the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party and when payment has been made under this contract or financial guarantee by the former Contracting Party or the agency authorized by the Contracting Party, the latter Contracting Party shall recognize the rights of the first former Contracting Party or the agency authorized by the Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Partyinvestor.

Where one Contracting Party. or an agency authorized by the Contracting Party has granted a contract of insurance or any form of financial guarantee against non-commercial risks with in regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize recognise the rights of the first Contracting Party by the virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized by the Contracting Party it has granted a contract of insurance or any form of financial guarantee against non-commercial risks with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to subrogate it to the rights of the investor investors when payment has been made under this contract or financial guarantee by the first Contracting Party.

Where one Contracting Party. or an agency authorized by the Contracting Party has granted a contract of insurance or insurance, any form of financial guarantee against non-commercial risks or other form of indemnity with regard to an investment by one of its investors in the territory of the other Contracting Party, the latter shall recognize the rights of the first Contracting Party by virtue of the principle of subrogation to the rights of the investor when payment has been made under this contract or contract, financial guarantee or other form of indemnity by the first Contracting Party.