Common use of Suspension; Cancellation; Acceleration of Maturity Clause in Contracts

Suspension; Cancellation; 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 Borrower shall have failed to perform any of its obligations under the Ordinary Operations Loan Agreement or the Initial Loan Agreement; and (b) the Borrower or NWSDB shall have failed to perform any of their obligations under the Subsidiary Financing 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: 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; Cancellation; 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 Borrower shall have failed to perform any of its obligations under the Ordinary Operations Loan Agreement or the Initial Project Loan Agreement; and (b) the Borrower or NWSDB shall have failed to perform any of their its obligations under the Subsidiary Financing Special Operations Project Loan Agreement. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 8.07(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; Cancellation; 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(m9.01(l) of the Loan Regulations: (a) the Borrower shall have failed to perform any of its obligations under the Ordinary Special Operations Loan Agreement or the Initial Loan Agreement; and; (b) the Borrower Borrower, GTCL, SGFL, BGFCL, PGCL, or NWSDB Petrobangla shall have failed to perform any of their obligations under the Project Agreement or the Subsidiary Financing 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: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Cancellation; 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(m9.01(l) of the Loan Regulations: (a) the Borrower shall have has, in the opinion of ADB, failed to perform any of its obligations under the Ordinary Special Operations Loan Agreement or the Initial Loan Financing Agreement; and (b) the Borrower or NWSDB shall have has, in the opinion of ADB, failed to perform any of their its obligations under the Subsidiary Financing Technical Assistance 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: 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; Cancellation; 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 Borrower shall have failed to perform any of its obligations or make satisfactory progress in the implementation of the activities specified under the Ordinary Operations Loan Agreement or the Initial Program Loan Agreement; andor (b) the Borrower or NWSDB Punjab shall have failed to perform any of their its material obligations under the Subsidiary Financing Program Agreement or the Project Agreement. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 8.07(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; Cancellation; 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(m9.01(l) of the OCR Loan Regulations: (a) the Borrower shall have failed to perform any of its obligations under the Ordinary Special Operations Loan Agreement or the Initial Loan Agreement; and; (b) the Borrower or NWSDB Borrower, GTCL, SGCL and/or BGFCL shall have failed to perform any of their obligations under the a Subsidiary Financing 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 OCR 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; Cancellation; 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 Borrower shall have failed to perform any of its obligations under the Ordinary Operations Loan Agreement or the Initial Loan Agreement; and; (b) the Borrower or NWSDB Petrobangla shall have failed to perform any of their obligations under the Subsidiary Financing Loan Agreement or Project Agreement. Section 5.02. The following is specified as an additional event for to acceleration of maturity for the purposes of Section 8.07(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; Cancellation; 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(m9.01(l) of the Loan Regulations: (a) the Borrower shall have failed to perform any of its obligations under the Ordinary Special Operations Loan Agreement or the Initial Loan Agreement; and (b) the Borrower or NWSDB shall have failed to perform any of their obligations under the Subsidiary Financing 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: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. 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(m9.01(l) of the Loan Regulations: (a) the Borrower shall have failed to perform any of its obligations or make satisfactory progress in the implementation of the activities specified under the Ordinary Operations Loan Agreement or the Initial TA Loan Agreement; andor (b) the Borrower or NWSDB Punjab shall have failed to perform any of their its material obligations under the Subsidiary Financing Program Agreement or the Project Agreement. Section 5.02. 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: 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; Cancellation; 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 Borrower shall have failed to perform any of its obligations under the Ordinary Operations Loan Agreement or the Initial Loan Agreement; and and (b) the Borrower or NWSDB Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively: the JICA Loan shall have failed become liable for suspension or cancellation or shall have become repayable prior to perform any of their obligations under the Subsidiary Financing Agreement.its agreed maturity date; and 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: 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; Cancellation; 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(m9.01(l) of the Loan Regulations: (a) the Borrower JPG shall have failed to perform any of its obligations described under the Ordinary Operations Loan Agreement or the Initial Loan Project Agreement; and (b) the Borrower or NWSDB any party to an Onlending Agreement shall have failed to perform any of their its obligations described under the Subsidiary Financing Agreement.respective agreement.β€Œ 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: 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; Cancellation; 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 Borrower shall have has, in the opinion of ADB, failed to perform any of its obligations under the Ordinary Operations Loan Agreement or the Initial Loan Agreement; and (b) the Borrower or NWSDB shall have has, in the opinion of ADB, failed to perform any of their its obligations under the Subsidiary Special Operations Financing 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: 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; Cancellation; 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(m9.01(l) of the Loan Regulations: (a) the Borrower shall have has failed to perform any of its obligations under any other loan agreement with ADB for a project that forms part of the Ordinary Operations Loan Agreement or the Initial Loan Agreement; andInvestment Program; (b) the Borrower or NWSDB shall have NTDC has failed to perform any of their its obligations under any other project agreement with ADB for a project that forms part of the Subsidiary Financing AgreementInvestment Program. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 8.07(d9.07(a)(iv) of the Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have has occurred.

Appears in 1 contract

Samples: Loan Agreement

Suspension; Cancellation; 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 Special Operations Loan Regulations: (a) the Borrower shall have failed to perform any of its obligations under the Ordinary Operations Loan Agreement or the Initial OCR Loan Agreement; and; (b) the Borrower or NWSDB and/or TGTDCL shall have failed to perform any of their respective obligations under the Subsidiary Financing AgreementLoan Agreement between the Borrower and TGTDCL. Section 5.02. The following is specified as an additional event for to acceleration of maturity for the purposes of Section 8.07(d) of the Special Operations 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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