Common use of Suspension; Cancellation; Acceleration of Maturity Clause in Contracts

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from the Loan Account, to be used as Subsidiary Loan Proceeds under Component 1B or Component 2B, for the purposes of Section 8.01(m) of the Loan Regulations: any Financial Institution shall have failed to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under the related Project Agreement.

Appears in 1 contract

Samples: www.adb.org

AutoNDA by SimpleDocs

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from (a) the Loan Account, to be used as Subsidiary Loan Proceeds under Component 1B or Component 2B, Account for the purposes of Section 8.01(m) of the Loan Regulations; and (b) the Grant Account for the purposes of Section 8.01(k) of the Grant Regulations: any Financial Institution disbursement under the SSR JFA shall have failed to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under the related Project Agreementbeen suspended.

Appears in 1 contract

Samples: Financing Agreement

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from (a) the Loan Account, to be used as Subsidiary Loan Proceeds under Component 1B or Component 2B, Account for the purposes of Section 8.01(m) of the Loan Regulations: any Financial Institution shall have failed to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under , and (b) the related Project Agreement.Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively:

Appears in 1 contract

Samples: Financing Agreement

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from (a) the Loan Account, to be used as Subsidiary Loan Proceeds under Component 1B or Component 2B, Account for the purposes of Section 8.01(m) of the Loan Regulations; and (b) the Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively: any Financial Institution the JICA Loan shall have failed become liable for suspension or cancellation or shall have become repayable prior to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under the related Project Agreement.agreed maturity date; and

Appears in 1 contract

Samples: Financing Agreement

AutoNDA by SimpleDocs

Suspension; Cancellation; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from (a) the Loan Account, to be used as Subsidiary Loan Proceeds under Component 1B or Component 2B, Account for the purposes of Section 8.01(m) of the Loan Regulations, and (b) the Grant Account for the purposes of Section 8.01(k) of the Grant Regulations, respectively: any Financial Institution the Beneficiary shall have failed to perform any of its obligations under a Subsidiary the Initial Loan Agreement to which it is a party or under the related Project Agreement.

Appears in 1 contract

Samples: Financing Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.