Common use of Right to Suspend or Terminate Clause in Contracts

Right to Suspend or Terminate. The Project Implementing Entity shall have the right to suspend or terminate the right of a PIA to the use of the proceeds of the Grant made available under the Sub-Grant Agreement upon: (i) failure by the PIA to perform its obligations under the Sub-Grant Agreement; (ii) the Bank exercising any of the remedies under Article IV of the Standard Conditions and Article IV of the Grant Agreement; or (iii) the PIA is declared ineligible by the Bank under paragraph 11 of the Anti-Corruption Guidelines.