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) the Borrower shall have, in the opinion of ADB, failed to perform any of its obligations under the Special Operations Loan Agreement; and (b) The structure, organization, functions, or capabilities of the TMAs as currently provided under PLGO shall have been changed in a manner which in the reasonable opinion of ADB may adversely affect the carrying out of the Project. 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: 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(l8.02(l) of the Loan Regulations: (a) the Borrower shall have, in the opinion of ADBthe Bank, failed to perform any of its obligations under the Special Ordinary Operations Loan Agreement; and (b) The structure, organization, functions, or capabilities of the TMAs as currently provided under PLGO shall have been changed in a manner which in the reasonable opinion of ADB the Bank may adversely affect the carrying out of the Project. 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: 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) the Borrower or VEC shall have, in the opinion of ADB, have failed to perform any of its obligations under the Special Operations Loan Agreement; andor (b) The structure, organization, functions, the Governing Regulations or capabilities of the TMAs as currently provided under PLGO any provision thereof shall have been changed repealed, suspended or amended in a any manner which in the reasonable opinion of ADB will or may adversely affect the carrying out of the ProjectProject or the operation of the Project facilities. Section 5.02. The following is are specified as an additional event events for acceleration of maturity for the purposes of Section 9.07(a)(iv) 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 to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the Borrower or VEC shall have, in the opinion of ADB, have failed to perform any of its obligations under the Special Ordinary Operations Loan Agreement; andor (b) The structure, organization, functions, the Governing Regulations or capabilities of the TMAs as currently provided under PLGO any provision thereof shall have been changed repealed, suspended or amended in a any manner which in the reasonable opinion of ADB will or may adversely affect the carrying out of the ProjectProject or the operation of the Project facilities. Section 5.02. The following is are specified as an additional event events 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 to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: (a) the Borrower shall have, in the opinion of ADB, failed to perform The LLDF Ordinance or any of its obligations under the Special Operations Loan Agreement; and (b) The structure, organization, functions, or capabilities of the TMAs as currently provided under PLGO provision thereof shall have been changed repealed, suspended or amended in a manner which in the reasonable opinion of ADB will or may adversely affect the carrying out of the Project or the operation of the Project. (b) LLDF shall have failed to substantially perform any of its obligations under the Subsidiary Loan 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 9.07(a)(iv8.07(d) of the Loan Regulations: any of the events specified in Section 5.01 of to this Loan Agreement shall have occurred.