Common use of Suspension; Acceleration of Maturity Clause in Contracts

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State shall have failed to perform any of its obligations under the Concession Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State KfW Grant shall have become liable for suspension or cancellation; and (b) HCMC PC shall have failed to perform any of its obligations under the Concession Project Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State JICA Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; and (b) VEC shall have failed to perform any of its obligations under the Concession Project Agreement or the Subsidiary Loan Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower shall have failed to perform any one or more of its obligations under the Concession Grant Agreement; or (b) the Concession Agreement Grant shall have become liable for suspension or termination cancellation for any reason whatsoever. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any either of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State Borrower shall have failed to perform any of its obligations under the Concession Externally Financed Grant Agreement; or; (b) the Concession Agreement UK Grant shall have become liable for suspension or termination for any reason whatsoevercancellation; and (c) the Cofinancing Agreement shall have been suspended or cancelled. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State The Borrower shall have failed to perform any of its obligations under the Concession Ordinary Operations Loan Agreement; or. (b) Any of the Concession Agreement Implementing Agencies shall have become liable failed to perform any of its obligations under the respective Subsidiary Loan Agreement for suspension or termination for any reason whatsoeverthe Special Operations Loan. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State NPT shall have failed to perform any of its obligations under the Concession Project Agreement or the Subsidiary Loan Agreement; orand (b) the Concession Agreement AFD Loan shall have become liable for suspension or termination for any reason whatsoevercancellation or shall have become repayable prior to its agreed maturity date. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower shall have failed to perform any of its obligations under the Concession Ordinary Operations Loan Agreement; or (b) the Concession Agreement Borrower or PPL shall have become liable for suspension or termination for failed to perform any reason whatsoeverof its obligations under the Subsidiary Loan Agreement. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State The Borrower shall have failed to perform any of its obligations under the Concession Program Support Project Loan Agreement; or. (b) the Concession Agreement The AFD Loan shall have become liable for suspension or termination for any reason whatsoevercancellation or shall have become repayable prior to its agreed maturity date. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State KfW Financing shall have become liable for suspension or cancellation; (b) the EIB Loan shall have become liable for suspension or cancellation; and (c) HCMC PC shall have failed to perform any of its obligations under the Concession Project Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations:. (a) the State The Borrower shall have failed to perform any of its obligations under the Concession Special Operations Loan Agreement; or. (b) Any of the Concession Agreement Implementing Agencies shall have become liable failed to perform any of its obligations under the respective Subsidiary Loan Agreement for suspension or termination for any reason whatsoeverthe Ordinary Operations Loan. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State Borrower shall have failed to perform any of its obligations under a Relending Agreement; and (b) the DISCO shall have failed to perform any of its obligations under the Concession Project Agreement or the respective Relending Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower shall have failed to perform any one or more of its obligations under the Concession Ordinary Operations Loan Agreement; orand (b) the Concession Agreement AFD Loan shall have become liable for suspension suspension, cancellation or termination for any reason whatsoevertermination. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are is specified as an additional events event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations or cancellation of the Loan pursuant to Section 8.01 of the Loan Regulations: (a) : the State Borrower shall have have, in the opinion of ADB, failed to perform any of its obligations under the Concession Program Loan Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events event specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State shall have failed to perform any Borrower is in breach of, or is non-compliant with, the terms of its obligations under the Concession AgreementJFA; orand (b) the Concession Agreement shall have become liable for suspension annual fiduciary review, or termination for any reason whatsoeverthe quarterly fiduciary review, or annual audit found material irregularities. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower shall have failed to perform any one or more of its obligations under the Concession Ordinary Operations Loan Agreement; or (b) the Concession Agreement Ordinary Operations Loan shall have become liable for suspension or termination cancellation for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any either of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

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Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State shall have failed to perform any of its obligations under the Concession Agreement; or (b) the Concession Initial Loan Agreement shall have become liable for suspension or termination for cancellation; and (b) the Borrower or PGCB shall have failed to perform any reason whatsoeverof their respective obligations under the Amended Subsidiary Loan Agreement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events either event specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower or EDC shall have failed to perform any of its their obligations under the Concession Subsidiary Loan Agreement; orand (b) the Concession Agreement OFID Loan shall have become liable for suspension or termination for any reason whatsoevercancellation or shall have become repayable prior to its agreed maturity date. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01 (m) of the Loan Regulations: (a) the State Borrower shall have failed to perform any of its obligations under the Concession Program Loan Agreement; orand (b) the Concession Agreement AFD Loan shall have become liable for suspension or termination for any reason whatsoevercancellation or shall have become repayable prior to its agreed maturity date. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State The Borrower shall have failed to perform any of its obligations under the Concession Investment Project Loan Agreement; or. (b) the Concession Agreement The AFD Loan shall have become liable for suspension or termination for any reason whatsoevercancellation or shall have become repayable prior to its agreed maturity date. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State Borrower shall have failed to perform any one or more of its obligations under the Concession Special Operations Loan Agreement; or (b) the Concession Agreement Special Operations Loan shall have become liable for suspension or termination cancellation for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any either of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State Borrower shall have failed to perform any one or more of its obligations under the Concession Special Operations Loan Agreement; orand (b) the Concession Agreement AFD Loan shall have become liable for suspension suspension, cancellation or termination for any reason whatsoevertermination. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: (a) the State Borrower shall have failed to perform any of its obligations under the Concession Special Operations Loan Agreement; or (b) the Concession Agreement Borrower or PPL shall have become liable for suspension or termination for failed to perform any reason whatsoeverof its obligations under the Subsidiary Loan Agreement. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower shall have have, in the opinion of ADB, failed to perform any of its financial obligations under the Program Loan Agreement; or (b) the Guarantor shall have, in the opinion of ADB, failed to perform any of its obligations under the Concession Guarantee Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the State Borrower shall have, in the opinion of ADB, failed to perform any of its obligations under the Relending Agreement; and (b) PEPCO shall have failed to perform any of its obligations under the Concession Relending Agreement; or (b) the Concession Agreement shall have become liable for suspension or termination for any reason whatsoever. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

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