Common use of Suspension of Disbursements Clause in Contracts

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources of the Loan used for ineligible expenditures, or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract or Derivative Contract. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if any, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (d) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (e) When, in the opinion of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the Project.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources Advances of the Loan used for ineligible expenditures, Funds or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract Loan Contract or Derivative Derivatives Contract. (b) Nonfulfillment by the Guarantor, if any, Borrower of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance Program agreed to by the Borrower, the Guarantor, if any, Bank or the Executing Agency, as the case may be, of any other obligation set forth in this Contract or in any other contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, Project or in any Derivative Contract entered into signed with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (dc) Withdrawal or suspension from membership in the Bank of the country in which the Project Program is to be executed. (ed) When, in The Program or the opinion purposes of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) by any restriction, modification, of the legal capacity or modification or alteration of the legal capacity, functions, functions or assets of the Borrower or the Executing Agency. In such cases, as the case Bank will have the right to require the Borrower for purposes of weighing whether the change or changes, have or may be; or (ii) any modification or change made without have, a negative impact on the written concurrence execution of the Program to provide reasoned and detailed information. Only after hearing the Borrower and weighing the information or clarification received, or if the Borrower fails to respond, prior to the date of the following disbursement, may the Bank suspend disbursements if it considers that the modifications made affect the Program materially and unfavorably or render its execution impossible. (e) The non-compliance on the part of the Guarantor, if any, of any condition fulfilled before obligation set forth in the approval of the Loan by Guarantee Contract or in any Derivatives Contract signed with the Bank. (f) Any When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank: (i) , makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, Borrower will be able to fulfill comply with the obligations established in this Contract or to fulfill the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectivespurposes for which it was entered into. (g) Whenever If it is determined, in accordance with the Bank determines sanctions procedures of the Bank, that an employee, agent, or representative of the Borrower, Borrower or the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice during the execution of the Program or in connection with the Projectuse of the resources of the Loan or if an employee, agent or representative of the Borrower or Executing Agency is declared temporarily ineligible for the award of new contracts pending the final decision in the sanctions process, or any resolution.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources of the Loan used for ineligible expenditures, or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract or Derivative Contract. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if any, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (d) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (e) When, in the opinion of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s 's development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the Project.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources Advances of the Loan used for ineligible expenditures, Funds or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract Loan Contract or Derivative Derivatives Contract. (b) Nonfulfillment by the Guarantor, if any, Borrower of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance Program agreed to by the Borrower, the Guarantor, if any, Bank or the Executing Agency, as the case may be, of any other obligation set forth in this Contract or in any other contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, Project or in any Derivative Contract entered into signed with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (dc) Withdrawal or suspension from membership in the Bank of the country in which the Project Program is to be executed. (ed) When, in The Program or the opinion purposes of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) by any restriction, modification, of the legal capacity or modification or alteration of the legal capacity, functions, functions or assets of the Borrower or the Executing Agency. In such cases, as the case Bank will have the right to require the Borrower for purposes of weighing whether the change or changes, have or may be; or (ii) any modification or change made without have, a negative impact on the written concurrence execution of the Program to provide reasoned and detailed information. Only after hearing the Borrower and weighing the information or clarification received, or if the Borrower fails to respond, prior to the date of the following disbursement, may the Bank suspend disbursements if it considers that the modifications made affect the Program materially and unfavorably or render its execution impossible. (e) The non-compliance on the part of the Guarantor, if any, of any condition fulfilled before obligation set forth in the approval of the Loan by Guarantee Contract or in any Derivatives Contract signed with the Bank. (f) Any When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank: (i) , makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, Borrower will be able to fulfill comply with the obligations established in this Contract or to fulfill the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectivespurposes for which it was entered into. (g) Whenever If it is determined by the Bank determines Bank, that an employee, agent, or representative of the Borrower, Borrower or the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the ProjectProgram.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources Advances of the Loan used for ineligible expenditures, Funds or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract Loan Contract or Derivative Derivatives Contract. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if any, or the Executing Agency, as the case may be, Borrower of any other obligation set forth in this Contract or in any other contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, Project or in any Derivative Contract entered into signed with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (dc) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (ed) When, in the opinion of the Bank, the objective of the The Project or the purposes of the Loan may be adversely affected or the execution of the Project may be improbable owing to: by: (i) any restriction, modification, modification or alteration of the legal capacity, functions, functions or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition the basic conditions fulfilled before the approval of the Resolution authorizing the Loan by or the signature of the Contract. In such cases, the Bank will have the right to require the Borrower and the Executing Agency to provide reasoned and detailed information. Only after hearing the Borrower or the Executing Agency and weighing the information or clarification received, or if the Borrower and the Executing Agency fail to respond, may the Bank suspend disbursements if it considers that the modifications made affect the Project substantially and unfavorably or make its execution impossible. (e) The non-compliance on the part of the Guarantor, if any, of any obligation set forth in the Guarantee Contract or in any Derivatives Contract signed with the Bank. (f) Any When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank: (i) , makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, Borrower will be able to fulfill comply with the obligations established in this Contract or to fulfill the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectivespurposes for which it was entered into. (g) Whenever If it is determined, in accordance with the Bank determines sanctions procedures of the Bank, that an employee, agent, or representative of the Borrower, the Executing Agency, Agency or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with during the Projectprocurement process or during the execution of a contract.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources of the Loan used for ineligible expenditures, or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract or Derivative Contract. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if any, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (d) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (e) When, in the opinion of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, if any, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s 's development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the Borrower, the Executing Agency, or the Contracting AgencyProcurement Agent, as the case may be, has engaged in a Prohibited Practice in connection with the Project.,

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources of the Loan used for ineligible expenditures, or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract or Derivative Contract. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any other Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if any, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (d) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (e) When, in the opinion of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: : (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the Project.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements disbursements. if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any ofany sums owed by the Borrower to the Bank for principal, fees, interest, return of resources of the Loan used for ineligible expenditures, or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract or Derivative Contract. (b) Nonfulfillment by the Guarantor, if anyifany, of any ofany payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if anyifany, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the ofthe Project. (d) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (e) When, in the opinion of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, if any, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s 's development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the Project.

Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower to the Bank for principal, fees, interest, return of resources of the Loan used for ineligible expenditures, or for any other reason, under this Contract or any other contract entered into between the Bank and the Borrower, including another loan contract or Derivative Contractcontract. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if any, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (d) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (e) When, in the opinion of the Bank, the objective of the Project or the Loan may be adversely affected or the execution of the Project may be improbable owing to: (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the Borrower, the Executing Agency, or the Guarantor, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the Project.

Suspension of Disbursements. The Bank, by written notice to the BorrowerBeneficiary, may suspend disbursements if any of the following circumstances occurs and so long as it continues: (a) Delay in the payment of any sums owed by the Borrower Beneficiary to the Bank for principal, fees, interest, return as reimbursement of resources of the Loan Contribution used for ineligible expendituresexpenses, or for any other reasonotherwise, under the terms of this Contract or any other contract entered into Contract between the Bank and the BorrowerBeneficiary, including another loan contract or Derivative Contractany other non-reimbursable financing Contracts. (b) Nonfulfillment by the Guarantor, if any, of any payment obligation set forth in the Guarantee Contract; any other contract entered into between the Guarantor, as Guarantor, and the Bank; or any Derivative Contract entered into with the Bank. (c) Noncompliance by the Borrower, the Guarantor, if anyBeneficiary, or the Executing Agency, as the case may be, of any other obligation set forth in any contract entered into with the Bank for the financing of the Project, including this Contract, the Guarantee Contract, or any Derivative Contract entered into with the Bank, as well as noncompliance by the Borrower Beneficiary or the Executing Agency, as the case may be, with any contract they enter into for the execution of the Project. (dc) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (d) A lag, delay, or failure of the International Bank for Reconstruction and Development (IBRD), in complying with the obligations set forth in the Financial Procedures Agreement, dated as of June 8, 2010, to transfer the Clean Technology Fund resources. (e) When, in the opinion of the Bank, the objective of the Project or the Loan Contribution may be adversely affected or the execution of the Project may be improbable owing to: : (i) any restriction, modification, or alteration of the legal capacity, functions, or assets of the Borrower Beneficiary or the Executing Agency, as the case may be; or (ii) any modification or change made without the written concurrence of the Bank of any condition fulfilled before the approval of the Loan Contribution by the Bank. (f) Any extraordinary circumstance which, in the opinion of the Bank: (i) makes it unlikely that the BorrowerBeneficiary, the Executing Agency, or the Guarantor, as the case may be, will be able to fulfill the obligations established in this Contract or the Guarantee Contract, respectively; or (ii) prevents the fulfillment of the Project’s development objectives. (g) Whenever the Bank determines that an employee, agent, or representative of the BorrowerBeneficiary, the Executing Agency, or the Contracting Agency, as the case may be, has engaged in a Prohibited Practice in connection with the Project.