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 Advances of Funds or for any other reason, under this Contract or any other Loan Contract entered into between the Bank and the Borrower. (b) Nonfulfillment by the 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. (c) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (d) The Project or the purposes of the Financing may be affected by: (i) any restriction, modification or alteration of the legal capacity, functions or assets of the Borrower or the Executing Agency; or (ii) any modification or change made without the written concurrence of the Bank of the basic conditions fulfilled before the approval of the Resolution authorizing the Financing 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. (f) When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank, makes it unlikely that the Borrower will be able to comply with the obligations established in this Contract or to fulfill the purposes for which it was entered into. (g) If it is determined at any stage that evidence is sufficient to support a finding that an employee, agent, or representative of the Borrower, Executing Agency or Contracting Agency, has engaged in a Prohibited Practice during a bidding process, negotiation of a contract, or 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 Advances advances of Funds funds or for any other reason, under this Contract or any other Loan Contract entered into between the Bank and the Borrower. (b) Nonfulfillment by the 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. (c) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (d) The Project or the purposes of the Financing may be affected by: (i) any restriction, modification or alteration of the legal capacity, functions or assets of the Borrower or the Executing Agency; or (ii) any modification or change made without the written concurrence of the Bank of the basic conditions fulfilled before the approval of the Resolution authorizing the Financing 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. (f) When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank, makes it unlikely that the Borrower will be able to comply with the obligations established in this Contract or to fulfill the purposes for which it was entered into. (g) If it is determined at any stage that evidence is sufficient to support a finding that an employee, agent, or representative of the Borrower, Executing Agency or Contracting Agency, has engaged in a Prohibited Practice during a bidding process, negotiation of a contract, or the execution of a contractthe Program or in the use of the resources of the Loan.

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 to the Bank for principal, fees, interest, return of Advances of Funds or for any other reason, under this Contract or any other Loan Contract entered into between the Bank and the Borrower. (b) Nonfulfillment by the Borrower Beneficiary of any other obligation set forth in this Contract Agreement or in any other Contract agreement entered into with the Bank for the Financing financing of the Project. (cb) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (c) A lag, delay, or failure by the European Commission in complying with the obligations set forth in the Specific Contribution Agreement for the transfer of the resources of the Contribution to the Bank. (d) Termination of the Specific Contribution Agreement referred to in (c) above or the Framework Agreement between the European Commission and the Bank, which establishes the administrative and financial arrangements for their cooperation. (e) The Project or the purposes of the Financing Contribution may be affected by: (i) any restriction, modification or alteration of the legal capacity, functions or assets of the Borrower Beneficiary or the Executing Agency; or (ii) any modification or change made without the written concurrence of the Bank of the basic conditions fulfilled before the approval of the Resolution authorizing the Financing Contribution or the signature of the ContractAgreement. In such cases, the Bank will have the right to require the Borrower Beneficiary and the Executing Agency to provide reasoned and detailed information. Only after hearing the Borrower Beneficiary or the Executing Agency and weighing the information or clarification received, or if the Borrower Beneficiary 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. (f) When the Borrower Beneficiary is not a member country, any extraordinary circumstance which, in the opinion of the Bank, makes it unlikely that the Borrower Beneficiary will be able to comply with the obligations established in this Contract Agreement or to fulfill the purposes for which it was entered into. (g) If it is determined at any stage that evidence is sufficient to support a finding determined, in accordance with the sanctions procedures of the Bank, that an employee, agent, or representative of the BorrowerBeneficiary, Executing Agency or Contracting Agency, has engaged in a Prohibited Practice during a bidding process, negotiation of a contract, the procurement 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 Advances advances of Funds funds or for any other reason, under this Contract or any other Loan Contract entered into between the Bank and the Borrower. (b) Nonfulfillment by the Borrower of any other obligation set forth in this the Contract or in any other Contract entered into with the Bank for the Financing of the Project. (c) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (d) The Project or the purposes of the Financing may be affected by: (i) any restriction, modification or alteration of the legal capacity, functions or assets of the Borrower or the Executing Agency; or (ii) any modification or change made without the written concurrence of the Bank of the basic conditions fulfilled before the approval of the Resolution authorizing the Financing 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. (f) When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank, makes it unlikely that the Borrower will be able to comply with the obligations established in this Contract or to fulfill the purposes for which it was entered into. (g) If it is determined at any stage that evidence is sufficient to support a finding that an employee, agent, or representative of the Borrower, Executing Agency or Contracting Agency, has engaged in a Prohibited Practice an act of fraud and corruption during a the bidding process, negotiation of a contract, or the execution of a the 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 Advances of Funds or for any other reason, under this Contract or any other Loan Contract contract entered into between the Bank and the Borrower, including another Loan Contract. (b) Nonfulfillment by the Borrower of any other obligation set forth in this Contract or in any other Contract contract entered into with the Bank for the Financing financing of the Project. (c) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (d) The Project or the purposes of the Financing Loan may be affected by: (i) any restriction, modification or alteration of the legal capacity, functions or assets of the Borrower or the Executing Agency; or (ii) any modification or change made without the written concurrence of the Bank of the basic conditions fulfilled before the approval of the Resolution authorizing the Financing Loan 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. (f) When the Borrower is not a member country, any extraordinary circumstance which, in the opinion of the Bank, makes it unlikely that the Borrower will be able to comply with the obligations established in this Contract or to fulfill the purposes for which it was entered into. (g) If it is determined at any stage that evidence is sufficient to support a finding determined, in accordance with the sanctions procedures of the Bank, that an employee, agent, or representative of the Borrower, Executing Agency or Contracting Agency, has engaged in a Prohibited Practice during a bidding process, negotiation of a contract, the procurement process or during the execution of a contract. (h) Any lag, delay, or failure by the International Bank for Reconstruction and Development, in its capacity as Trustee of the Trust Fund for the Strategic Climate Fund, in complying with the obligations set forth in the Financial Procedures Agreement dated February 17, 2011 for the transfer of the resources of the Loan to the Bank.

Suspension of Disbursements. The Bank, by written notice to the BorrowerBorro\ver, may suspend disbursements if any of the following fo11owing 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 Advances advances of Funds funds or for any other reason, under this Contract or any other Loan Contract entered into between the Bank and the Borrower. (b) Nonfulfillment by the Borrower of any other obligation set forth in this the Contract or in any other Contract entered into with the Bank for the Financing financing of the Project. (c) Withdrawal or suspension from membership in the Bank of the country in which the Project is to be executed. (d) The Project or the purposes of the Financing may be affected by: (i) any restriction, modification or alteration of the legal capacity, functions or assets of the Borrower or the Executing Agency; � or (ii) any modification or change made without the written concurrence of the Bank of the basic conditions fulfilled before the approval of the Resolution authorizing the Financing 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 informationinforrnation. Only after hearing the Borrower or the Executing Agency and weighing the information inforrnation 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. (f) When the Borrower is not a member countrycountry government, any extraordinary circumstance which, in the opinion of the Bank, makes it unlikely that the Borrower will be able to comply with the obligations established in this Contract or to fulfill the purposes for which it was entered into. (g) If it is determined at any stage that evidence is sufficient to support a finding that an employee, agent, or representative of the Borrower, Executing Agency or Contracting Agency, has engaged in a Prohibited Practice during a bidding process, negotiation of a contract, or the execution of a contract.