Suspension of Disbursements. The Bank, by written notice to the Borrower, may suspend disbursements if any of the following circumstances occurs and so long as it continues:
Suspension of Disbursements. 1. The Financial Mechanism Committee may decide to suspend disbursements of the Grant if:
Suspension of Disbursements. ARTICLE 6.2
Suspension of Disbursements. Notwithstanding anything herein to the contrary, the City shall not be obligated to disburse any monies under the Grant after the Cutoff Date, and no disbursements shall be made under the Grant for any purpose without the written consent of the City Manager during any period as to which an event of default hereunder shall exist nor during any period as to which either Lexington County, JEDA or any agency of the State shall have notified the Grantee that disbursements under the Term Loan have been terminated or suspended. It shall be within the sole discretion of the City to determine whether an event of default hereunder or a cessation of disbursements under the Term Loan will give rise to termination of this Agreement or whether the City will resume advances hereunder.
Suspension of Disbursements. ADB reserves the right to disallow disbursements from the Crop Diversification Credit Line for or relating to any Wholesale Bank or Participating MFI not conforming with any of the above criteria applicable to it until such time as such entity is able to satisfy the criteria. Such entity shall be required to remedy any default of eligibility criteria within 6 months of default and in any event, within the disbursement period of the Crop Diversification Credit Line.
Suspension of Disbursements. 1. If at any time either of the Parties determines that issues requiring consultation under Article VIII have not been satisfactorily resolved, such Party may notify the other in writing.
Suspension of Disbursements. 1. The PP shall accept the right of the PO to take the necessary measures to investigate and remedy any deficiencies/irregularities in the Project implementation.
Suspension of Disbursements. A.I.D. may suspend disbursements into the Dollar Separate Account upon prompt written notice to the Grantee if either (a) the Grantee is not in compliance with the terms and conditions of this Agreement, or (b) such disbursements would be in violation of any law or regulation governing A.I.D. Such a suspension will not affect the responsibilities of either party with respect to any portion of the Grant disbursed before the suspension.
Suspension of Disbursements. In the event any material environmental, building, subdivision, use, zoning or other permits relating to the Premises or the construction or operation of the Project are revoked, rescinded, suspended or materially adversely affected by any preliminary or final injunction or decision by any court or other body issuing such permit or otherwise having jurisdiction, PIDA may refuse to make further advances under this Agreement until the matter is resolved to PIDA's reasonable satisfaction, whether or not PIDA has declared an Event of Default hereunder or such revocation, rescission, suspension, or material adverse effect would comprise an Event of Default hereunder.
Suspension of Disbursements. The Trustee and the Bank shall not be obligated to approve of any disbursement which is requested pursuant to Section 1 above, which otherwise would be subject to such approval, if at that time, any of the following have occurred or are occurring: (a) Any Event of Default under the Agreement; (b) Any occurrence which, solely with the passage of time or the giving of notice (or both), would be such an Event of Default; (c) Substantial suspension of the prosecution of the Project to completion for a period of thirty (30) or more consecutive days, other than by reason of strike, fire, Act of God, or other cause beyond the control of the Borrower; (d) Determination by the Trustee or the Bank that the then remaining principal balance of the Project Fund is not sufficient to cover the costs to be incurred to complete the Project.
