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

Suspension; Cancellation; 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Account for the purposes of Section 9.01(l) of the Loan Regulations: the Act or any provision thereof shall have been repealed or amended in such a manner which in the reasonable opinion of ADB will or may adversely affect the carrying out of the Project or any part thereof. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: the event 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 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 9.01(l8.02(l) of the Loan Regulations: the Act legislative or any provision thereof other action shall have been repealed taken that substantially reverses or amended in such a manner which nullifies the amendments contained in the reasonable opinion of ADB will Act Amending some Acts to Eliminate Discriminatory Provisions against Women, whether this was passed as an Ordinance or may adversely affect the carrying out of the Project or any part thereofas an Act. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: the 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 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of Section 9.01(l8.01(m) of the Loan Regulations: the Act Governing Laws or any provision thereof shall have been repealed repealed, suspended or amended in such a any manner which in the reasonable opinion of ADB will or may adversely affect the carrying out of the Project or any part thereofthe operation of the Project facilities. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: the 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 is are specified as an additional event 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: any of the Act Borrower, XUARG or XCD, shall have made any material organizational changes, financial, operational or structural, or any provision thereof shall other material changes to its legal character, ownership or control, without obtaining prior agreement of ADB, unless such changes do not have been repealed or amended in such a manner which in the reasonable opinion of ADB will or may adversely an adverse affect the carrying out of on its ability to perform its obligations under this Loan Agreement and the Project or any part thereofAgreement, as applicable. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv) of the Loan Regulations: the event 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 is are specified as an additional event 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) the Act Borrower has, in the opinion of ADB, failed to perform or breached any provision thereof of its obligations under the Program Loan Agreement; or (b) the Dutch Funding shall have been repealed become liable for suspension or amended in such a manner which in the reasonable opinion of ADB will or may adversely affect the carrying out of the Project or any part thereofcancellation prior to its complete disbursement. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: either of the event 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 is specified as an additional event 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) the Act or any provision thereof shall have been repealed or amended in such a manner which Borrower has, in the reasonable opinion of ADB will ADB, failed to perform any of its obligations under the Program Loan Agreement; or (b) the Borrower has commenced legal action to wind up APB or may adversely affect the carrying out of the Project or any part thereofcease its operations. Section 5.02. The following is specified as an additional event for acceleration of maturity for the purposes of Section 9.07(a)(iv8.07(d) of the Loan Regulations: either of the event events specified in Section 5.01 of this Loan Agreement shall have occurred.

Appears in 1 contract

Samples: Loan Agreement

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