Common use of Consent to Foreign Currency Accounts Clause in Contracts

Consent to Foreign Currency Accounts. Consents for the Seller (a) to open, operate, and retain earnings in Foreign Currency bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside 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 Energy Purchase Agreement are included in the Specified Consents. Subsequent to the issuance of such 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 Seller Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the 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 Seller 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 (including reserve accounts) reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Energy Power Purchase Agreement are included in the as Specified Consents. Subsequent to the issuance of such Seller 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 Seller Company Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Seller 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. Consents for the Seller (a) to open, operate, and retain earnings in Foreign Currency bank accounts inside Pakistan (in accordance with the Laws of Pakistan prevailing on the date hereof), (b) to maintain bank accounts outside 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 Energy Purchase Agreement are included in the Specified Consents. Subsequent to the issuance of such 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 Seller Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the 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

Consent to Foreign Currency Accounts. Company Consents for include Specified Consents required by the Seller 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 (including reserve accounts) reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Energy Power Purchase Agreement are included in the as Specified Consents. Subsequent to the issuance of such Seller 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 Seller Company Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Seller 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 for the Seller Company (a) to open, operate, and retain earnings in 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 (including reserve accounts) reasonably required to effect the arrangements provided under the Financing Documents and to carry out and perform its obligations under the Energy Power Purchase Agreement are included in the as Specified Consents. Subsequent to the issuance of such Seller 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 Seller Company Consents shall constitute a Lapse of Consent. Nothing in this Agreement shall prevent the Seller 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.