Common use of Remedies of the Bank Clause in Contracts

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of the following, namely the Memorandum and Articles of Association shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under this Agreement. 4.02.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.

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that the Memorandum and Articles of Association shall have Basic Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under this Agreement, or to achieve the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

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely : that the Memorandum and Articles of Association shall have Borrower’s Decision No. 115/05 has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower PEPS to perform any of its obligations under this the Subsidiary Agreement.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.

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the Memorandum and Articles Act or the Statement of Association Policy shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under the this Agreement. 4.02.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

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namely the Memorandum and Articles of Association shall have Basic Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the Borrower’s ability of the Borrower to perform any of its obligations under this Agreement. 4.02.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

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that the Memorandum and Articles of Association shall have Basic Legislation has 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, or to achieve the objectives of the Project. 4.02. The Additional Event of Acceleration consists of the following, following¸ namely that the event specified in Section 4.01 of this Agreement occurs.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, : namely that the Memorandum and Articles of Association shall have Basic Legislation has 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.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that the Memorandum and Articles of Association shall have Technical Cooperation Agreement has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower or CAR to perform any of its their obligations under this the Technical Cooperation Agreement. 4.02. The Additional Event of Acceleration consists of the following, namely that the event specified in Section 4.01 of this Agreement occursoccurs and is continuing for a period of 120 days after notice of the event has been given by the Bank to the Borrower.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely namely, any legislation, license or other legal or regulatory instrument related to the Memorandum implementation of the Operation or the relevant ministries, departments, and Articles of Association shall have agencies (MDAs) has been amended, suspended, abrogated, repealed repealed, or waived so as to affect materially and adversely the achievement of the objectives of the Operation, or the ability of the Borrower or the MDAs to perform any of its obligations under this Agreementimplement the Operation. 4.02. The Additional Event of Acceleration consists of the following, namely that namely, the event specified in Section 4.01 of this Agreement occurs.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely namely, the Memorandum and Articles of Association shall have Borrower’s Legislation has 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 namely, the event specified in Section 4.01 of this Agreement occurs.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely : (a) Any of the Memorandum and Articles of Association shall have Implementing Agencies’ Legal Framework has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its their respective obligations under this the Program Agreement. 4.02. The Additional Event of Acceleration consists of the following, namely that the : (a) The event specified in paragraph (a) of Section 4.01 of this Agreement occursoccurs and is continuing for a period of 30 days after notice of the event has been given by the Bank to the Borrower.

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 any event specified in Section 4.01 of this Agreement occurs.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely namely, that the Memorandum and Articles of Association General Sanitation Services Law or the Municipal Organic Law or any provision thereof shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely adversely, in the opinion of the Bank, 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 any event specified in Section 4.01 of this Agreement occurs.