Common use of Suspension; Acceleration of Maturity Clause in Contracts

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: the Borrower and/or EA shall have failed to perform any of its/their respective obligations under any of the Cofinancing Agreements or the Grant Agreement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d) of the Loan Regulations: the event specified in Section 5.01 above shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m9.01(l) of the Loan Regulations: the Borrower and/or EA MUB shall have failed to perform any of its/their respective obligations under any of the Cofinancing Agreements or the Grant AgreementEIB Loan agreement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d9.07(a)(iv) of the Loan Regulations: the event specified in Section 5.01 above shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: the Borrower and/or EA shall have failed to perform any of its/their respective its obligations under any of the Cofinancing Agreements or the Grant Ordinary Operations Loan Agreement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d) of the Loan Regulations: if the event specified in Section 5.01 above of this Loan Agreement shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m9.01(l) of the Loan Regulations: the Borrower and/or EA shall have failed to perform any of its/their respective its obligations under any of the Cofinancing Agreements or the Grant Agreement, the KEXIM Loan Agreement and/or an additional Project-related loan agreement with KEXIM. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d9.07(a)(iv) of the Loan Regulations: the an event specified in Section 5.01 above shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: the Borrower and/or EA MUB shall have failed to perform any of its/their respective obligations under any of the Cofinancing Agreements or the Grant AgreementEIB Loan agreement. Section 5.02. The following are is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d) of the Loan Regulations: the event specified in Section 5.01 above shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

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Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m9.01(l) of the Loan Regulations: the Borrower and/or EA Project Executing Agency shall have failed to perform any of its/their respective obligations under any of the Cofinancing Agreements or the Grant Special Operations Loan Agreement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d9.07(a)(iv) of the Loan Regulations: if the event specified in Section 5.01 above of this Loan Agreement shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: the Borrower and/or EA shall have failed to perform any of its/their respective its obligations under any of the Cofinancing Agreements Initial Loan Agreement, Initial Grant Agreement or the Additional Grant Agreement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 8.07(d) of the Loan Regulations: the an event specified in Section 5.01 above shall have occurred and continued for a period of 60 days after the notice thereof shall have been given by ADB to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

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