Common use of Termination, Accelerated Maturity, or Partial Cancellation of Undisbursed Balances and other Measures Clause in Contracts

Termination, Accelerated Maturity, or Partial Cancellation of Undisbursed Balances and other Measures. The Bank may terminate this Contract with respect to the part of the Loan not yet disbursed or may declare the entire Loan or a portion thereof immediately due and payable, together with interest and fees accrued up to the date of payment if: (a) Any of the circumstances set forth in paragraphs (a), (b), (c) and (e) of the preceding Article continues for more than sixty (60) days; (b) If, according to the Bank's sanctions procedures, it is determined that the Borrower, Executing Agency or an employee, agent or representative of these, has committed a Prohibited Practice during the execution of the Program or in the use of the resources the Loan, provided there is evidence that the Borrower or the Executing Agency, as the case may be, has not taken adequate remedial measures (including, inter alia, providing adequate notice to the Bank upon learning of the Prohibited Practice) within a period of time the Bank considers reasonable; or (c) The information referred to in paragraph (d) of the preceding Article, or the clarifications or additional information presented by the Borrower or the Executing Agency, if any, are not satisfactory to the Bank.

Termination, Accelerated Maturity, or Partial Cancellation of Undisbursed Balances and other Measures. The Bank may terminate this Contract with respect to the part of the Loan not yet disbursed or may declare the entire Loan or a portion thereof immediately due and payable, together with interest and fees accrued up to the date of payment if: (a) Any of the circumstances set forth in paragraphs (a), (b), (c) and (e) of the preceding Article continues for more than sixty (60) days; (b) If, according to the Bank's sanctions procedures, If it is determined by the Bank that the Borrower, Executing Agency or an employee, agent or representative of these, has committed a Prohibited Practice during in connection with the execution of the Program or in the use of the resources the LoanProgram, provided there is evidence that the Borrower or the Executing Agency, as the case may be, has not taken adequate remedial measures (including, inter alia, including providing adequate notice to the Bank upon learning of the Prohibited Practice) within a period of time the Bank considers reasonable; or (c) The information referred to in paragraph (d) of the preceding Article, or the clarifications or additional information presented by the Borrower or the Executing Agency, if any, are not satisfactory to the Bank.