Additional Events of Suspension. Section 4.01. Pursuant to Section 6.02 (h) of the General Conditions, the following additional events are specified: (a) an event has occurred which shall make it improbable that the Program, or a significant part thereof, will be carried out.
(i) Subject to subparagraph (ii) of this paragraph:
(A) the right of the Borrower to withdraw the proceeds of the XXX Credit or the ADF Loan made to the Borrower in support of the Program shall have been suspended, cancelled or terminated in whole or in part, pursuant to the terms of the agreement providing therefor; or
(B) the XXX Credit or the ADF Loan shall have become due and payable prior to the agreed maturity thereof.
(ii) Subparagraph (i) of this paragraph shall not apply if the Borrower establishes to the satisfaction of the Administrator that:
(A) such suspension, cancellation, termination or prematuring is not caused by the failure of the Borrower to perform any of its obligations under such agreement; and
(B) adequate funds required during the execution of the Program are available to the Borrower from other sources on terms and conditions consistent with the obligations of the Borrower under this Agreement.
Additional Events of Suspension. Section 4.01. Pursuant to Section 6.02 (p) of the General Conditions, the following additional events are specified:
(a) A situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out.
(b) The Borrower’s macroeconomic policy framework has become inconsistent with the objectives of the Program.
(c) An action has been taken or a policy has been adopted to reverse any action or policy under the Program in a manner that would, in the opinion of the Bank, adversely affect the achievement of the objectives of the Program.
(d) An action has been taken or a policy has been adopted to reverse any action listed in Schedule 3 to this Agreement.
Additional Events of Suspension. Section 5.01. Pursuant to Section 6.02 (b) of the General Conditions, the following event is specified, namely, that a situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out.
Additional Events of Suspension. Section 4.01. Pursuant to Section 6.02 (p) of the General Conditions, the following additional events are specified:
(a) The Borrower’s macroeconomic policy framework has become inconsistent with the objectives of the First Phase of the Program.
(b) An action has been taken or a policy has been adopted to reverse any action or policy under the Program, including any action listed in Schedule 2 to this Agreement, in a manner that would, in the opinion of the Bank, adversely affect the achievement of the objectives of the First Phase of the Program.
Additional Events of Suspension. The Additional Events of Suspension consist of the following:
(a) The Decree on the Amendments and Modifications of the Decree on Organization and Functioning of Public Administration, published in the Official Gazette of Montenegro No. 48/08 on November 12, 2008 and any related legislation pursuant to which the Implementing Entity is operating has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Implementing Entity to perform any of its obligations under the arrangements to be entered into between the Recipient and the Implementing Entity referred to in Section 2.03 above.
(b) The Implementing Entity has failed to perform any of its obligations under the arrangements to be entered into between the Recipient and the Implementing Entity referred to in Section 2.03 above.
Additional Events of Suspension. Section 4.01. Pursuant to Section 6.02 (h) of the General Conditions, the following additional events are specified:
(a) An event has occurred which shall make it improbable that the Program, or a significant part thereof, will be carried out.
(i) Subject to subparagraph (ii) of this paragraph:
(A) the right of the Borrower to withdraw the proceeds of the African Facility Credit, the OECF Loan or the Japanese Grant, made to the Borrower for the financing of the Program shall have been suspended, cancelled or terminated in whole or in part, pursuant to the terms of the African Facility Credit Agreement, the OECF Loan Agreement or the Japanese Grant Agreement; or
(B) the African Facility Credit or the OECF Loan shall have become due and payable prior to the agreed maturity thereof.
(ii) Subparagraph (i) of this paragraph shall not apply if the Borrower establishes to the satisfaction of the Association that:
(A) such suspension, cancellation, termination or prematuring is not caused by the failure of the Borrower to perform any of its obligations under such agreement; and
(B) adequate funds for the Program are available to the Borrower from other sources on terms and conditions consistent with the obliga- tions of the Borrower under this Agreement.
Section 4.02. Pursuant to Section 7.01 (d) of the General Conditions, the following additional event is specified, namely, that any event specified in paragraph (b) (i) (B) of Section 4.01 of this Agreement shall occur, subject to the proviso of paragraph (b) (ii) of that Section.
Additional Events of Suspension. Section 4.
Additional Events of Suspension. The Additional Events of Suspension consist of the following:
(a) IBRD or XXX has declared the Recipient ineligible to receive proceeds of any financing made by IBRD or XXX or otherwise to participate in the preparation or implementation of any project financed in whole or in part by IBRD or XXX, as a result of a declaration by another financier that the Recipient is ineligible to receive proceeds of financings made by such financier or otherwise to participate in the preparation or implementation of any project financed in whole or in part by such financier as a result of a determination by such financier that the Implementing Entity has engaged in fraudulent, corrupt, coercive or collusive practices in connection with the use of the proceeds of a financing made by such financier.
(b) The EAC Treaty has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Recipient to perform any of its obligations under the Advance Agreement.
Additional Events of Suspension. Section 4.01. Pursuant to Section 6.02 (k) of the General Conditions, the following additional events are specified:
(a) A situation has arisen which shall make it improbable that the Programs, or a significant part thereof, will be carried out.
(b) Any Energy Sector Entity shall have failed to perform any of its obligations under the Program Agreement.
(c) The Pakistan Water and Power Development Authority Act, 1958, the Oil and Gas Development Corporation Ordinance, 1961, and the Articles of Association of KESC, SNGPL, SSGC and PMDC shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Energy Sector Entities or any of them to perform any of their obligations under the Program Agreement.
(d) The Borrower or any other authority having jurisdiction shall have taken any action for the dissolution or disestablishment of any Energy Sector Entity or for the suspension of its operations.
Section 4.02. Pursuant to Section 7.01 (h) of the General Conditions, the following additional events are specified:
(a) the event specified in paragraph (b) of Section
4.01 of this Agreement shall occur and shall continue for a period of sixty days after notice thereof shall have been given by the Bank to the Borrower; and
(b) the events specified in paragraphs (a), (c) and (d) of Section 4.01 of this Agreement shall occur.
Additional Events of Suspension. Section 5.01. Pursuant to Section 6.02 (k) of the General Conditions, the following additional events are specified:
(a) that a situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out;
(b) that the Guarantor shall have adopted cost-recovery policies contrary to the Program;
(c) that Banxico shall have failed to perform any of its obligations under the FOVI Project Agreement;
(d) that, as a result of events which have occurred after the date of the Loan Agreement, a situation shall have arisen which shall make it improbable that Banxico will be able to perform its obligations under the FOVI Project Agreement;
(e) that a change shall have been made in the provisions of the Mandatory Housing Lending regulations related to the making of FOVI Subloans, or the FOVI Trust Agreement, which, in the opinion of the Bank could materially and adversely affect the carrying out of the Project; and
(f) that the Guarantor, Banxico, or any other authority having jurisdiction shall have taken any action for the dissolution or disestablishment of FOVI or for the suspension of its operations.
