Common use of Protection of Interests Clause in Contracts

Protection of Interests. Nothing in this Agreement shall prevent the Corporation, in the event of actual or threatened default on any of its investments, actual or threatened insolvency of the enterprise in which such investment shall have been made, or other situations which, in the opinion of the Corporation, threaten to jeopardize such investment, from taking such action and exercising such rights as it may deem necessary for the protection of its interests.

Appears in 3 contracts

Sources: International Finance Corporation Agreement, Articles of Agreement, Articles of Agreement

Protection of Interests. Nothing in this Agreement shall prevent the Corporation, Corporation from taking such action and exercising such rights as it may deem necessary for the protection of its interests in the event of actual or threatened default on any of its investments, actual or threatened insolvency of the enterprise enterprises in which such investment shall investments have been made, or other situations which, in the opinion of the Corporation, threaten to jeopardize such investment, from taking such action and exercising such rights as it may deem necessary for the protection of its interestsinvestments.

Appears in 2 contracts

Sources: Agreement Establishing the Inter American Investment Corporation, Agreement Establishing the Inter American Investment Corporation

Protection of Interests. Nothing in this Agreement shall prevent the Corporation, in the event of actual or threatened default on any of its investments, actual or threatened insolvency of the enterprise in which such investment shall have been made, or other situations which, in the opinion of the Corporation, threaten to jeopardize such investment, investment from taking such action and exercising such rights as it may deem necessary for the protection of its interests.

Appears in 1 contract

Sources: Articles of Agreement

Protection of Interests. Nothing in this Agreement shall prevent the Corporation, in the event of actual or threatened default on any of its investments, actual or threatened insolvency of the enterprise in which such investment shall have been made, or other situations which, in the opinion of the Corporation, threaten to jeopardize such investment, from taking such action and exercising such rights as it may deem necessary for the protection of its interests. SECTION 5.

Appears in 1 contract

Sources: Membership of International Financial Organisations