Common use of Use of Pakistan Bank Accounts; Exceptions Clause in Contracts

Use of Pakistan Bank Accounts; Exceptions. All of the Company’s transactions related to the Project that require Foreign Currency, including debt servicing and repatriation of dividends and earnings, will be initiated through bank accounts in Pakistan; provided, however, that Foreign Currency provided by foreign Lenders, liquidated damages in Foreign Currency paid by foreign Contractors or vendors and any other Foreign Currency from foreign sources that is used to pay foreign Contractors, vendors, insurers, reinsurers or Lenders may be paid directly to such Persons and need not be conducted through bank accounts in Pakistan, as provided in the ” Foreign Exchange Manual” of the State Bank of Pakistan, as in effect on the date hereof. Copies of all such payments shall be submitted to the GOP within twenty-one (21) days.

Use of Pakistan Bank Accounts; Exceptions. All of the Company’s transactions related to the Project that require Foreign Currency, including debt servicing and repatriation of dividends and earnings, will be initiated through bank accounts in Pakistan; providedprovided , however, that Foreign Currency provided by foreign Lenders, liquidated damages in Foreign Currency paid by foreign Contractors or vendors and any other Foreign Currency from foreign sources that is used to pay foreign Contractors, vendors, insurers, reinsurers re-insurers or Lenders may be paid directly to such Persons and need not be conducted through bank accounts in Pakistan, as provided in the ” Foreign Exchange Manual” of Manual published by the State Bank of Pakistan, as in effect on the date hereof. Copies of all such payments shall be submitted to the GOP within twenty-one (21) days.

Use of Pakistan Bank Accounts; Exceptions. All of the Company’s transactions related to the Project that require Foreign Currency, including debt servicing and repatriation of dividends and earnings, will be initiated through bank accounts in Pakistan; provided, however, that Foreign Currency provided by foreign Lenders, liquidated damages in Foreign Currency paid by foreign Contractors or vendors and any other Foreign Currency from foreign sources that is used to pay foreign Contractors, vendors, insurers, reinsurers or Lenders may be paid directly to such Persons and need not be conducted through bank accounts in Pakistan, as provided in the ” Foreign Exchange Manual” of Manual published by the State Bank of Pakistan, as in effect on the date hereof. Copies of all such payments shall be submitted to the GOP within twenty-one (21) days.

Use of Pakistan Bank Accounts; Exceptions. All of the Company’s transactions related to the Project that require Foreign Currency, including debt servicing and repatriation of dividends and earnings, will be initiated through bank accounts in Pakistan; provided, however, that Foreign Currency provided by foreign Lenders, liquidated damages in Foreign Currency paid by foreign Contractors or vendors and any other Foreign Currency from foreign sources that is used to pay foreign Contractors, vendors, insurers, reinsurers re-insurers or Lenders may be paid directly to such Persons and need not be conducted through bank accounts in Pakistan, as provided in the ” Foreign Exchange Manual” of Manual published by the State Bank of Pakistan, as in effect on the date hereof. Copies of all such payments shall be submitted to the GOP within twenty-one (21) days.