Termination before Withdrawal. The Fund may terminate the Agreement and all rights and obligations of the parties thereunder if: (a) before the date of first withdrawal from the Loan and/or Grant Accounts, any event of suspension specified in Section 12.01 has occurred; or (b) before the date of first withdrawal from the Loan and/or Grant Accounts, the Borrower/Recipient, the Guarantor or any other Project Party has taken any action inconsistent with the object and purpose of any Agreement.
Appears in 3 contracts
Samples: Project Agreement, Financing Agreement, Negotiated Financing Agreement
Termination before Withdrawal. The Fund may terminate the Agreement and all rights and obligations of the parties thereunder if:
(a) before the date of first withdrawal from the Loan and/or Grant Accounts, any event of suspension specified in Section 12.01 has occurred; or
(b) before the date of first withdrawal from the Loan and/or Grant Accounts, the Borrower/Borrower/ Recipient, the Guarantor or any other Project Party has taken any action inconsistent with the object and purpose of any Agreement.
Appears in 2 contracts
Samples: Financing Agreement, Financing Agreement
Termination before Withdrawal. The Fund may terminate the Agreement and all rights and obligations of the parties thereunder if:
(a) : before the date of first withdrawal from the Loan and/or Grant Accounts, any event of suspension specified in Section 12.01 has occurred; or
(b) or before the date of first withdrawal from the Loan and/or Grant Accounts, the Borrower/Recipient, the Guarantor or any other Project Party has taken any action inconsistent with the object and purpose of any Agreement.
Appears in 1 contract
Samples: Financing Agreement
