Suspension by the Bank Sample Clauses

Suspension by the Bank. If any of the events specified in paragraphs (a) through (k) of this Section occurs and is continuing, the Bank may, by notice to the Loan Parties, suspend in whole or in part the right of the Borrower to make withdrawals from the Loan Account. Such suspension shall continue until the event (or events) which gave rise to the suspension has (or have) ceased to exist, unless the Bank has notified the Loan Parties that such right to make withdrawals has been restored.” 2. Paragraphs (c) and (l) under Section 7.02 are deleted in their entirety and paragraphs (d) through (m) under Section 7.02 are re-number accordingly. 3. Paragraph (c) under Section 7.03 is modified to read as follows:
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Suspension by the Bank. The following events are specified as additional events of suspension pursuant to paragraph (a) (xii) of Section 8.02 of the General Provisions: (a) the IFAD Loan or any pan thereof is suspended. cancelled or called in; or (b) where necessary, the appropriate amendments to the relevant legislation to effect the transfer of responsibility for management and maintenance of the secondary D&I Systems are not made by June 30, 1999 or such later date as may be specified in writing by the Bank.
Sample 1
Suspension by the Bank. The suspension, cancellation or calling in of the whole or any part of the XXX Credit or the XXX Xxxxx or any financing in substitution for the XXX Credit or the XXX Xxxxx
Sample 1
Suspension by the Bank. The use of the Card shall be suspended by the Bank, and such suspension shall be lifted, upon the occurrence of any of the following events: a. Bank’s receipt of a Freeze Order from the Anti-Money Laundering Council. The suspension shall only be lifted upon instruction of the Anti-Money Laundering Council or upon order of a proper court of law. b. The Bank has knowledge of the death of the Cardholder. The suspension shall be lifted upon submission to the Bank of such requirements as may be prescribed by the Bank pursuant to its policies.
Sample 1

Related to Suspension by the Bank

  • Termination by the HSP (a) The HSP may terminate this Agreement at any time, for any reason, upon giving 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder provided that the Notice is accompanied by: satisfactory evidence that the HSP has taken all necessary actions to authorize the termination of this Agreement; and a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the termination and how the transition of the clients to new service providers will be effected within the six-month Notice period. (b) In the event that the HSP fails to provide an acceptable Transition Plan, the Funder may reduce Funding payable to the HSP prior to termination of this Agreement to compensate the Funder for transition costs.

  • Termination by the Company This Agreement may be terminated and the Mergers may be abandoned at any time prior to the First Effective Time by action of the Board of Directors of the Company if: (a) the Board of Directors of Parent shall have made a Parent Change in Recommendation; provided, however, that the Company will not have the right to terminate this Agreement pursuant to this Section 7.03(a) if the Parent Requisite Vote has been obtained; or (b) there has been a breach of any representation, warranty, covenant or agreement made by Parent or the Merger Subs in this Agreement, or any such representation and warranty shall have become untrue after the date of this Agreement, such that Sections 6.03(a) or 6.03(b) would not be satisfied and such breach or failure to be true is not curable or, if curable, is not cured following written notice to Parent from the Company of such breach or failure by the earlier of (x) the 30th day following such written notice and (y) the Termination Date; provided that the Company shall not have the right to terminate this Agreement pursuant to this Section 7.03 if the Company is then in breach of any of its representations, warranties, covenants or agreements under this Agreement in a manner such that the conditions set forth in Sections 6.02(a) or 6.02(b) would not be satisfied (unless capable of being cured within 30 days). (c) at any time prior to the Company Requisite Vote being obtained, (i) if the Board of Directors of the Company authorizes the Company, to the extent permitted by and subject to complying with the terms of Section 5.02, to enter into an Alternative Company Acquisition Agreement with respect to a Company Superior Proposal that did not result from a material breach of this Agreement, (ii) concurrently with the termination of this Agreement, the Company, subject to complying with the terms of Section 5.02, enters into an Alternative Company Acquisition Agreement providing for a Company Superior Proposal that did not result from a material breach of this Agreement and (iii) prior to or concurrently with such termination, the Company pays to Parent in immediately available funds any fees required to be paid pursuant to Section 7.05(b).

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