Common use of Remedies of the Bank Clause in Contracts

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additional event is specified, namely that the Statutes of the Borrower shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the operations or the financial condition of the Borrower or its ability to carry out the Project or to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.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Remedies of the Bank. Section 5.016.01. Pursuant to Section 6.02 (l6.02(p) of the General Conditions, the following additional event is specified, namely namely, that the Statutes of the Borrower Basic Legislation shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the operations or the financial condition ability of the Borrower or its ability to carry out the Project or to perform any of its obligations under this Agreement.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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namely that the Statutes Charter or the Statement of the Borrower Policy shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the operations or the financial condition of the Borrower or its ability to carry out the Project or to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.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (lh) of Article VI of the General Conditions, the following additional event is specified, namely that namely, the Statutes or the Statement of the Borrower Policy shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the operations or the financial condition ability of the Borrower or its ability to carry out the Project or to perform any of its obligations under this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Remedies of the Bank. Section 5.017.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely namely, that the Statutes of the Borrower shall have been amended, suspended, abrogated, repealed or waived so as to affect effect materially and adversely the operations or the financial condition ability of the Borrower or its ability to carry out the Project or to perform any and of its obligations under this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely 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.

Appears in 2 contracts

Samples: Agreement, Loan Agreement

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (lk) of the General Conditions, the following additional event is specified, namely namely, that the Statutes of the Borrower Legislation shall have been amendedabrogated, repealed, suspended, abrogatedwaived, repealed amended or waived so as to affect materially and adversely altered in any other manner which, in the operations or the financial condition opinion of the Borrower or its ability to carry out Bank, would adversely and materially affect the implementation of the Project or to perform any the compliance with the provisions of its obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely 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.

Appears in 1 contract

Samples: Loan Agreement

Remedies of the Bank. Section 5.016.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely that that: the Statutes of the Borrower Act 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 the ability of the Borrower or its ability to carry out the Project or any part thereof, or to perform any of its the obligations of the Borrower under this Agreement.

Appears in 1 contract

Samples: Loan Agreement

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 Law on Financial Institutions, the Borrower National Bank Law or the Enterprise Restructuring Law shall have been amended, suspended, abrogated, repealed or waived otherwise modified so as to affect materially and adversely the operations or the financial condition ability of the Borrower or its ability to carry out achieve the Project or to perform any objectives of its obligations under this Agreementthe Project.

Appears in 1 contract

Samples: Loan Agreement

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Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (lp) of the General Conditions, the following additional event is events are specified, namely : that the Statutes Law on Land Reclamation 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 ability of the Borrower or to perform any of its obligations under this Agreement; and that the PIP and Environmental Management Plan shall have been amended so as to affect materially and adversely the ability to carry out of the Project or Borrower to perform any of its obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement

Remedies of the Bank. Section 5.01. Pursuant to Section 6.02 (lk) of the General Conditions, the following additional event is specified, namely that the Statutes Basic Legislation or Statement of the Borrower Policy 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.

Appears in 1 contract

Samples: Loan Agreement

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 On-lending Procedures, Terms and Conditions shall have been amended, suspended, abrogated, repealed or waived so as to affect in a manner that materially and adversely affects 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 AgreementProject.

Appears in 1 contract

Samples: Loan Agreement

Remedies of the Bank. Section 5.016.01. Pursuant to Section 6.02 (lk) of the General Conditions, the following additional event is specified, namely namely, that the Statutes Borrower’s Legislation or any other law, decree or resolution of the Borrower Guarantor shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the operations organization, powers, financial condition or opera- tions of the Borrower, or the financial condition ability of the Borrower or its ability to carry out the Project or to perform any of its obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement

Remedies of the Bank. Section 5.016.01. Pursuant Pursant to Section 6.02 6.01 (lk) of the General Conditions, the following additional event is specified, namely 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 ability of the Borrower or its ability to carry out the Project or to perform any of its obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement

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