Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (p) of the General Conditions, the following additional events are specified:
Remedies of the Bank. 4.01. The Additional Events of Suspension consist of the following:
Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely, that a situation has arisen which shall make it improbable that the Program, or a significant part of it, will be carried out.
Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (p) of the General Conditions, the following additional event is specified, namely, that a situation shall have arisen which shall make it improbable that the Program or a significant part thereof will be carried out.
Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely that the Statutes of the Borrower shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the operations or the financial condition of the Borrower or its ability to carry out the Project or to perform any of its obligations under this Agreement.
Remedies of the Bank. Section 4.01. Pursuant to Section 6.02 (k) of the General Conditions, the following additional events are specified, namely, the events set out in Section 5.01 of the Development Credit Agreement.
Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that the Project Implementing Entity’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing Entity to perform any of its obligations under the Project Agreement.
Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely, that any party to the Subsidiary Agreements shall have failed to perform any of its respective obligations thereunder.
Remedies of the Bank. Section 4.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional events are specified, namely, the events set out in Section 5.01 of the Development Credit Agreement, provided, however, that the term "Association" wherever it appears in such Section shall be read as "Bank".
Remedies of the Bank. (a) On the happening of any Event of Default, the Bank may, by a notice in writing to the Borrower and without prejudice to the rights and remedies available to the Bank under this Facility Agreement or otherwise: (i) call upon the Borrower to pay all the Outstanding Amount in respect of the Facility and otherwise; and (ii) declare the Security to be enforceable, and the Bank, its representatives, servants, officers, agents and/or such other person in favour of whom such security is created (“Bank’s Representatives”), shall have, inter alia, the right to enter upon and take possession of the Vehicle and/or to transfer or deal with the Vehicle by way of lease, leave and license, sale or otherwise in accordance with the provisions of the Facility Documents (notwithstanding anything to the contrary in this Facility Agreement and irrespective of whether the Outstanding Amount have been recalled), provided a notice/intimation of such re-possession and/or transfer is furnished to the Borrower. Notwithstanding anything contained above, failure by the Bank to provide notice/intimation to the Borrower under the Facility Documents would not prejudice any other rights of the Bank under the Facility Documents. (b) The Bank may, at its absolute discretion, appropriate any payments made by the Borrower and any amounts realized by the Bank by enforcement of Security or otherwise, towards the Outstanding Amount and in any manner whatsoever. Notwithstanding any such appropriation by the Bank towards settlement of any dues payable by the Borrower to the Bank, the Borrower shall continue to remain liable to the Bank for all remaining amounts comprising the Outstanding Amount; (c) The Bank will be having absolute rights, at the sole risk and cost of the Borrower, to engage any receiver, agent, manager or other person to collect the Outstanding Amount and/or to enforce the Security or other securities provided by the Borrower or to exercise all or any of the powers vested on the Bank with reference to the Security created and will also be entitled to recover and receive from the Borrower the remuneration and/or charges of such receiver, agent, manager or other person as aforesaid. The Bank may also delegate to such person(s) the right and authority to perform and execute all acts, deeds, matters and things connected therewith or incidental thereto, as the Bank deems fit; (d) The Bank shall not in any way be liable/responsible, notwithstanding anything to the contrary under any...
