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 8.01(m) of the Loan Regulations: (a) the Project Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; or (b) the AFD Loan shall have become liable for suspension or cancellation 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 8.0?(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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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 Beneficiary to make withdrawals from (a) the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: , and (ab) the Project Loan Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively: the UEIF Grant shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; or (b) the AFD Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity datecancellation. Section 5.02. The following is specified as an additional event for acceleration of maturity of the loan for the purposes of Section 8.0?(d8.07(d) of the Loan Regulations: any of the events event specified in Section 5.01 of this Loan Financing Agreement shall have occurred.

Appears in 1 contract

Samples: Financing 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 Beneficiary to make withdrawals from (a) the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: (a) the Project Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; or , and (b) the AFD Loan Grant Account for the purposes of Section 8.01(k) of the Grant Regulations: the Beneficiary shall have become liable for suspension or cancellation or shall have become repayable prior failed to its agreed maturity date.perform any obligation under the GEF Grant Agreement; and Section 5.02. The following is specified as an additional event for acceleration of maturity of the loan for the purposes of Section 8.0?(d8.07(d) of the Loan Regulations: any of the events event specified in Section 5.01 of this Loan Financing Agreement shall have has occurred.

Appears in 1 contract

Samples: Financing Agreement

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Suspension; Acceleration of Maturity. Section 5.01. The following are is specified as additional events event for suspension of the right of the Borrower Beneficiary to make withdrawals from (a) the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: (a) the Project Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; or , and (b) the AFD Loan Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively: the IFAD Financing shall have become liable for suspension or cancellation 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 of the loan for the purposes of Section 8.0?(d8.07(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: Financing Agreement

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