Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 211 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 103 contracts
Samples: Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 31 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:and
Appears in 31 contracts
Samples: Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 15 contracts
Samples: Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 14 contracts
Samples: Development Credit Agreement, Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 6 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 5 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Financing Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 5 contracts
Samples: Development Credit Agreement, Credit Number 3761 Pak Development Credit Agreement, Yem Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product Gross National Product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 4 contracts
Samples: Development Financing Agreement, Development Financing Agreement, Development Financing Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank Association lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 4 contracts
Samples: Development Financing Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 3 contracts
Samples: Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:and
Appears in 3 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 3 contracts
Samples: Financing Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:and
Appears in 3 contracts
Samples: Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 3 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:and
Appears in 3 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 3 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 3 contracts
Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank Association lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 3 contracts
Samples: Development Credit Agreement, Credit Agreement, Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 2 contracts
Samples: Development Credit Agreement, Credit Number 3945 Sl Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product Gross National Product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 2 contracts
Samples: Development Financing Agreement, Financing Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph Paragraph (a) above by:
Appears in 2 contracts
Samples: Development Credit Agreement, Development Financing Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 2 contracts
Samples: Development Credit Agreement, Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:and
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product Gross National Product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above of this Section by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:paragraph
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Financing Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank Association’s lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower Borrower’s creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Financing Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider considers the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s ’'s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years theyears the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the International Bank for Reconstruction and Development (the Bank) shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy worthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Financing Agreement
Whenever. (i) the Borrower’s 's per capita gross national product Gross National Product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Financing Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:and
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the International Bank for Reconstruction and Development (the Bank) shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:paragraph
Appears in 1 contract
Samples: Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s 's resources; and (ii) the Bank Association shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s 's per capita gross national product (GNP), as determined by the Association, shall have exceeded for three consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them the Association of the development of the Borrower’s economy, modify the repayment of installments under paragraph paragraphs (a) and (b) above by:
Appears in 1 contract
Samples: Agreement Amending
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower Borrower’s creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by them of the development of the Borrower’s 's economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement
Whenever. (i) the Borrower’s per capita gross national product (GNP), as determined by the Association, shall have exceeded for three (3) consecutive years the level established annually by the Association for determining eligibility to access the Association’s resources; and (ii) the Bank shall consider the Borrower creditworthy for Bank lending, the Association may, subsequent to the review and approval thereof by the Executive Directors of the Association Bank and after due consideration by them of the development of the Borrower’s economy, modify the repayment of installments under paragraph (a) above by:
Appears in 1 contract
Samples: Development Credit Agreement