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 9.01(l) of the Loan Regulations; (a) there has been any change in the Memorandum of Association or Articles of Association of KUIDFC that has a material adverse impact on the Project in the reasonable opinion of ADB; and (b) any financing arrangement in so far as it relates to the Project, between the State and KUIDFC or IA shall have become liable for suspension or cancellation. Section 5.02. The following are specified as additional 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.

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 9.01(l8.01(m) of the Loan Regulations;: (a) there has been any change the Borrower shall have, in the Memorandum of Association or Articles of Association of KUIDFC that has a material adverse impact on the Project in the reasonable opinion of ADB, failed to perform any of its obligations under the Ordinary Operations Loan Agreement; (b) the OFID Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; and (bc) any financing arrangement in so far as it relates to the Project, between the State and KUIDFC or IA Cooperation Fund Grant shall have become liable for suspension or cancellation. Section 5.02. The following are is specified as an additional events 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.

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 9.01(l) of the Loan Regulations;: (a) there has been any change the Borrower shall have, in the Memorandum of Association or Articles of Association of KUIDFC that has a material adverse impact on the Project in the reasonable opinion of ADB, failed to perform any of its obligations under the Special Operations Loan Agreement; (b) the OFID Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date; and (bc) any financing arrangement in so far as it relates to the Project, between the State and KUIDFC or IA Cooperation Fund Grant shall have become liable for suspension or cancellation. Section 5.02. The following are is specified as an additional events 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.

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 9.01(l8.01(m) of the Loan Regulations;: (a) there has the Act or any provision thereof shall have been repealed, suspended or amended in any change in the Memorandum of Association or Articles of Association of KUIDFC that has a material adverse impact on the Project manner which in the reasonable opinion of ADBADB will or may adversely affect the carrying out of the Project or the operation of the Project facilities; andor (b) any financing arrangement in so far as it relates to the Project, between the State and KUIDFC or IA Borrower shall have become liable for suspension or cancellationfailed to perform any of its obligations under the Ordinary Operations Loan Agreement. Section 5.02. The following are is specified as an additional events 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.

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. The following are specified as additional events for suspension of the right of the Borrower Beneficiary to make withdrawals from (a) the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations and (b) the Grant Account for the purposes of Section 8.01 (k) of the Grant Regulations;, respectively: (a) there has been any change the Borrower has, in the Memorandum of Association or Articles of Association of KUIDFC that has a material adverse impact on the Project in the reasonable opinion of ADB, failed to perform any of its obligations under the Ordinary Operations Loan Agreement; and (b) the Borrower has, in the opinion of ADB, failed to perform any financing arrangement in so far as it relates to of its obligations under the Project, between the State and KUIDFC or IA shall have become liable for suspension or cancellationTechnical Assistance Loan Agreement. Section 5.02. The following are is specified as an additional events 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 Financing Agreement shall have occurred.

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 (i) Section 8.02(l) of the Pool-Based Loan Regulations; and (ii) Section 9.01(l) of the LIBOR-Based Loan Regulations;: (a) there has been any change in the Memorandum of Association Sanction Letter shall not have become effective within 90 days after 21 September 2000 or Articles of Association of KUIDFC that has a material adverse impact on the Project in the reasonable opinion of ADB; andhaving become effective, shall have become liable for suspension or cancellation. (b) any financing arrangement in so far as it relates to the Project, between the State and KUIDFC or IA Onlending Agreement shall have become liable for suspension or cancellation. Section 5.02. The following are specified as additional events for acceleration of maturity for the purposes of (i) Section 8.07(d) of the Pool-Based Loan Regulations; and (ii) Section 9.07(a)(iv) of the LIBOR-Based Loan Regulations: any of the events specified in Section 5.01 of this Loan Agreement shall have occurred.

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 9.01(l8.01(m) of the Loan Regulations;, and (b) the Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively: (a) there has been the Beneficiary shall have failed to perform any change in of its obligations under the Memorandum of Association or Articles of Association of KUIDFC that has a material adverse impact on the Project in the reasonable opinion of ADBLoan Agreement; and (b) any financing arrangement in so far as it relates to the Project, between the State and KUIDFC or IA OFID Loan shall have become liable for suspension or cancellationcancellation or shall have become repayable prior to its agreed maturity date. Section 5.02. The following are is specified as an additional events 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 Financing Agreement shall have occurred.