Common use of Whenever Clause in Contracts

Whenever. (i) the Borrower’s gross national product per capita (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 Administrator may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator Association of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six (6) months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator Association of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph paragraphs (a) and (b) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph paragraphs (a) and (b) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (bc) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Initial Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Initial Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which of the Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator Association of the development of the Borrower's economy, modify the repayment of installments under paragraph paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six (6) months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months (6)months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring Requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring Requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the BorrowerRecipient’s per capita gross national product per capita (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 Recipient creditworthy for Bank lending, the Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's Recipient’s economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower Recipient to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Additional Credit shall have been repaid; and (B) requiring the Borrower Recipient to commence repayment of the principal amount of the Interim Fund Additional Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower Recipient that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator Association of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 bank lending, the Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator Association of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six (6) months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a paragraph (a) above falling six months or more after the date on which the Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Initial Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Initial Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above of this Section by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above of this Section falling six (6) months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator them of the development of the Borrower's ’s economy, modify the repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above above, falling six (6) months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.

Whenever. (i) the Borrower’s per capita gross national product per capita (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 Administrator may, subsequent to the review and approval thereof by the byˇthe Executive Directors of the Association and after due consideration by the Administrator of the development of the Borrower's economy, modify the terms of repayment of installments under paragraph (a) above by: (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six months or more after the date on which the Administrator notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five years on such repayment of principal.

Whenever. (i) the Borrower’s 's per capita gross national product per capita (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 Administrator Association may, subsequent to the review and approval thereof by the Executive Directors of the Association and after due consideration by the Administrator Association of the development of the Borrower's economy, modify the repayment of installments under paragraph (a) above by: : (A) requiring the Borrower to repay twice the amount of each such installment not yet due until the principal amount of the Interim Fund Credit shall have been repaid; and and (B) requiring the Borrower to commence repayment of the principal amount of the Interim Fund Credit as of the first semiannual payment date referred to in paragraph (a) above falling six (6) months or more after the date on which the Administrator Association notifies the Borrower that the events set out in this paragraph (b) have occurred, provided, however, that there shall be a grace period of a minimum of five (5) years on such repayment of principal.