Common use of Consent to Foreign Currency Accounts Clause in Contracts

Consent to Foreign Currency Accounts. Company Consents include Specified Consents for the Company (a) to open, operate, and retain earnings in Specified Foreign Currency denominated bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside Pakistan from the State Bank of Pakistan and to transfer any funds from its accounts in Pakistan to its accounts maintained outside Pakistan as are necessary to implement and carry out the Project in accordance with the Project Agreements and (c) to open, operate and retain earnings in such other bank accounts reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Power Purchase Agreement are included as Specified Consents. Subsequent to the issuance of such Company Consents, in the forms issued by the State Bank of Pakistan or other Relevant Authority, as the case may be, any withdrawal, revocation, modification, suspension or repeal of such Company Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Company from opening, operating and retaining Foreign Currency in additional Foreign Currency bank accounts outside Pakistan from time to time after the date of this Agreement, if and to the extent that it is or becomes otherwise permitted under the Laws of Pakistan.

Consent to Foreign Currency Accounts. Company Consents include Specified Consents for the Company (a) to open, operate, and retain earnings in Specified Foreign Currency Dollar denominated bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside Pakistan from the State Bank of Pakistan and to transfer any funds from its accounts in Pakistan to its accounts maintained outside Pakistan as are necessary to implement and carry out the Project in accordance with the Project Agreements and (c) to open, operate and retain earnings in such other bank accounts reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Power Purchase Agreement are included as Specified Consents. Subsequent to the issuance of such Company Consents, in the forms issued by the State Bank of Pakistan or other Relevant Authority, as the case may be, any withdrawal, revocation, modification, suspension or repeal of such Company Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Company from opening, operating and retaining Foreign Currency in additional Foreign Currency bank accounts outside Pakistan from time to time after the date of this Agreement, if and to the extent that it is or becomes otherwise permitted under the Laws of Pakistan.

Consent to Foreign Currency Accounts. Company Consents include Specified Consents for required by the Company to (a) to open, operate, and retain earnings in Specified Foreign Currency denominated bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside Pakistan from the State Bank of Pakistan and to transfer any funds from its accounts in Pakistan to its accounts maintained outside Pakistan as are necessary to implement and carry out the Project in accordance with the Project Agreements and (c) to open, operate and retain earnings in such other bank accounts reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Power Purchase Agreement are included as Specified Consents. Subsequent to the issuance of such Company Consents, in the forms issued by the State Bank of Pakistan or other Relevant Authority, as the case may be, any withdrawal, revocation, modification, suspension or repeal of such Company Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Company from opening, operating and retaining Foreign Currency in additional Foreign Currency bank accounts outside Pakistan from time to time after the date of this Agreement, if and to the extent that it is or becomes otherwise permitted under the Laws of Pakistan.

Consent to Foreign Currency Accounts. Company Consents include Specified Consents for the Company Seller (a) to open, operate, and retain earnings in Specified Foreign Currency denominated bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside Pakistan from the State Bank of Pakistan and to transfer any funds from its accounts in Pakistan to its accounts maintained outside Pakistan as are necessary to implement and carry out the Project in accordance with the Project Agreements and (c) to open, operate and retain earnings in such other bank accounts (including reserve accounts) reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Power Energy Purchase Agreement are included as in the Specified Consents. Subsequent to the issuance of such Company Seller Consents, in the forms issued by the State Bank of Pakistan or other Relevant Authority, as the case may be, any withdrawal, revocation, modification, suspension or repeal of such Company Seller Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Company Seller from opening, operating and retaining Foreign Currency in additional Foreign Currency bank accounts outside Pakistan from time to time after the date of this Agreement, if and to the extent that it is or becomes otherwise permitted under the Laws of Pakistan.

Consent to Foreign Currency Accounts. Company Consents include Specified Consents for the Company Seller (a) to open, operate, and retain earnings in Specified Foreign Currency denominated bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside Pakistan from the State Bank of Pakistan and to transfer any funds from its accounts in Pakistan to its accounts maintained outside Pakistan as are necessary to implement and carry out the Project in accordance with the Project Agreements and (c) to open, operate and retain earnings in such other bank accounts (including reserve accounts) reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Power Energy Purchase Agreement are included as in the Specified Consents. Subsequent to the issuance of such Company Seller Consents, in the forms issued by the State Bank of Pakistan or other Relevant Authority, as the case may be, any withdrawal, revocation, modification, suspension or repeal of such Company Seller Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Company Seller from opening, operating and retaining Foreign Currency in additional Foreign Currency bank accounts outside Pakistan from time to time after the date of this Agreement, if and to the extent that it is or becomes otherwise permitted under the Laws of Pakistan.. Implementation Agreement 30