Remedies of the Bank Sample Clauses

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional events are specified, provided, however, that if any of the events specified in paragraphs below shall have occurred and be continuing and such event relates only to one or more privately owned Implementing Agencies or Part D.1 Subagency, the suspension of the Borrower’s rights to make withdrawals from the Loan Account may be limited by the Bank to withdrawals related to the Part or Parts of the Project with regard to which the Implementing Agency or Part D.1 Subagency in question, as the case may be, is assisting the Borrower pursuant to Section 3.01 of this Loan Agreement: (a) Law No. 70 or Law No. 99, as both terms are defined in Section 1.02 (d) of this Agreement, shall have been amended, abrogated, repealed or waived so as to affect materially and adversely, in the Bank’s opinion, the ability of the Borrower to carry out the Project or to perform any of its obligations under this Loan Agreement or any of the Implementing Arrangements or Part D.1 Subagency Arrangements; (b) the Borrower or any other authority having jurisdiction shall have taken any action for the dissolution or disestablishment of a publicly owned Implementing Agency or Part D.1 Subagency or a resolution shall have been passed for the dissolution of any privately owned Implementing Agency or Part D.1 Subagency, provided, however, that the provisions of this paragraph (b) shall not apply if the Implementing Agency or Part D.1 Subagency in question shall have been replaced, in form and substance satisfactory to the Bank, by another legal entity, or by a Borrower’s administrative subdivision, acceptable to the Bank; (c) a default shall have occurred in the performance of any obligation on the part of any Implementing Agency or Part D. 1 Subagency under the respective Implementing Agreement or Part D.1 Subagency Agreement, as the case may be, and such default has, in the Bank’s opinion, materially and adversely affected the carrying out of the Project; (d) New Environmental Legislation shall have been put into effect, and have affected adversely and materially, in the Bank’s opinion, the ability of the Borrower to carry out the Project; (i) Subject to subparagraph (ii) of this paragraph: (A) the right of the Borrower to withdraw the proceeds of any grant or loan made to the Borrower for the financing of the Project shall have been suspended, cancelled or terminated in whole or in part, pursuant ...

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (p) of the General Conditions, the following additional events are specified: (a) Lviv and LVK shall have failed to perform any of the obligations under the Project Agreement. (b) As a result of events which have occurred after the date of the Loan Agreement, an extraordinary situation shall have arisen which shall make it improbable that Lviv and LVK will be able to perform their obligations under the Project Agreement. (c) The Guarantee Agreement or the Performance Contract shall have been modified so as to affect materially and adversely, in the opinion of the Bank, the ability of Lviv or LVK, as the case may be, to carry out their respective responsibilities under the Project. (i) Subject to sub-paragraph (ii) of this paragraph the right of the Borrower to withdraw the proceeds of the SIDA Grant shall have been suspended, cancelled or terminated in whole or in part, pursuant to the terms of the SIDA Grant Agreement. (ii) Sub-paragraph (i) of this paragraph shall not apply if the Borrower establishes to the satisfaction of the Bank that: (A) such suspension, cancellation, or termination is not caused by the failure of the Borrower to perform any of its obligations under such agreement; and (B) adequate funds for the Project are available to the Borrower from other sources on terms and conditions consistent with the obligations of the Borrower under this Agreement.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that a situation has arisen which shall make it improbable that the Program, or a significant part of it, will be carried out. 4.02. The Additional Event of Acceleration consists of the following, namely that the event specified in Section 4.01 of this Agreement occurs and is continuing for a period of sixty (60) days after notice of the event has been given by the Bank to the Borrower.

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (p) of the General Conditions, the following additional event is specified, namely, that a situation shall have arisen which shall make it improbable that the Program or a significant part thereof will be carried out.

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02(p) of the General Conditions, the following additional events are specified:

Remedies of the Bank. 4.01. The Additional Events of Suspension consist of the following: (a) A situation has arisen which, in the opinion of the Bank, shall make it improbable that the Program, or a significant part thereof, will be carried out. (b) The Borrower’s macroeconomic policy framework has, in the opinion of the Bank, 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 (including any action listed in Section I of Schedule 1 to this Agreement) in a manner that would, in the opinion of the Bank, adversely affect the achievement of the objectives of the Program.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, an action has been taken or a policy has been adopted to reverse any action under the Project in a manner that would, in the opinion of the Bank, adversely affect the achievement of the objective of the Project or the execution capacity of MARENASS or any successor entity thereof. 4.02. The Additional Event of Acceleration consists of the following, namely, that any event specified in Section 4.01 of this Agreement occurs and is continuing for a period of 60 days after notice of the event has been given by the Bank to the Borrower.

Remedies of the Bank. Section 5.01. For the purposes of Section 6.02 of the General Conditions, the following additional events are specified pursuant to paragraph (k) thereof: (a) that the State shall have failed to perform any of its obligations under the Project Agreement; (b) that the lending policies and procedures set forth in the MCR which are applicable to Subloans, including the utilization of the TRD, have been amended in a way which may adversely affect the execution of Parts D and I of the Project or the accomplishment of the purposes of the Loan; (c) that any Funding Regulation shall have been amended, suspended, abrogated, repealed or waived, or the Borrower shall have failed to apply the procedures thereof in such a way as to materially and adversely affect the execution of the Project; (d) that the Borrower shall have failed to make, or have caused SUDENE to make, the advances referred to in Section 3.01 (c) (ii) of this Agreement; (e) that any action shall have been taken for the dissolution, disestablishment or suspension of the operation of SUDENE, or any Executing Entity, which may adversely affect the execution of the Project or of the Northeast Rural Development Program; and (f) that the arrangements referred to in Section 3.01 (d) of this Agreement or any of the Participating Agreements shall have been amended, suspended, abrogated, repealed or waived, in such a way as to materially and adversely affect the execution of the Project. Section 5.02. For the purposes of Section 7.01 of the General Conditions, the following additional events are specified pursuant to paragraph (h) thereof, namely, that the events specified in Section 5.01 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 the State.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely the Memorandum and Articles of Association shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under this Agreement. 4.02. The Additional Event of Acceleration consists of the following, namely that the event specified in Section 4.01 of this Agreement occurs.