Common use of EARLY MATURITY Clause in Contracts

EARLY MATURITY. BNDES may declare the early maturity of this Agreement, with the debt enforceability and immediate suspension of any disbursement, if besides the assumptions provided for in the Articles 39 and 40 of the “PROVISIONS APPLICABLE TO BNDES AGREEMENTS” referred to by Clause Nine, subsection I, the following is evidenced by BNDES:

Appears in 1 contract

Sources: Credit Facility Agreement (Tim Participacoes Sa)

EARLY MATURITY. BNDES may declare the early maturity payment of this Agreement, with the debt enforceability and immediate suspension of any disbursement, if besides the assumptions provided for in the Articles 39 and 40 of the “PROVISIONS APPLICABLE TO BNDES AGREEMENTS” referred to by Clause NineEight, subsection Iparagraph 1, the following is evidenced by BNDES:

Appears in 1 contract

Sources: Credit Facility Agreement (Tim Participacoes Sa)