BWBV0002411
Geldig vanaf 13-08-1981
Artikel 2
Notawisseling tussen de Regering van het Koninkrijk der Nederlanden en de Regering van de Islamitische Republiek Iran houdende een overeenkomst betreffende een garantiefonds in verband met de beslechting van bepaalde geschillen tussen de Verenigde Staten van Amerika en Iran
1. The Security Account shall be opened by the Depositary on its books in the name of the Banque Centrale d'Algerie, as Escrow Agent.
2. The Security Account may consist of one or more accounts as may be provided for in the Technical Agreements.
3. The Security Account has as its sole purpose to hold funds in order to secure the payment of, and to pay, claims in accordance with awards rendered by the Tribunal pursuant to the Declaration of the Government of the Democratic and Popular Republic of Algeria Concerning the Settlement of Claims by the Government of the United States of America and the Government of the Islamic Republic of Iran, of 19 January 1981, and in accordance with the Technical Agreements.
It is further understood that in case the Islamic Republic of Iran and the United States of America reach an agreement on the question of the payment out of the Security Account of the amounts agreed between Iran and any of the United States claimants in settlement of the relevant claim or in case a decision of the Tribunal is issued to this effect, then the amount of such settlements may also be paid for out of the Security Account. The sole function of the Depositary shall be to carry out the responsibilities specified in the present Agreement and in the Technical Agreements.
Nothing in this clause shall prevent the Depositary from investing the funds held in the Security Account in accordance with the provisions of the Technical Agreements.
2. The Security Account may consist of one or more accounts as may be provided for in the Technical Agreements.
3. The Security Account has as its sole purpose to hold funds in order to secure the payment of, and to pay, claims in accordance with awards rendered by the Tribunal pursuant to the Declaration of the Government of the Democratic and Popular Republic of Algeria Concerning the Settlement of Claims by the Government of the United States of America and the Government of the Islamic Republic of Iran, of 19 January 1981, and in accordance with the Technical Agreements.
It is further understood that in case the Islamic Republic of Iran and the United States of America reach an agreement on the question of the payment out of the Security Account of the amounts agreed between Iran and any of the United States claimants in settlement of the relevant claim or in case a decision of the Tribunal is issued to this effect, then the amount of such settlements may also be paid for out of the Security Account. The sole function of the Depositary shall be to carry out the responsibilities specified in the present Agreement and in the Technical Agreements.
Nothing in this clause shall prevent the Depositary from investing the funds held in the Security Account in accordance with the provisions of the Technical Agreements.
- Citeren als
- Art. 2
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0002411
- Officiële bron
- wetten.overheid.nl