Common use of Remedies of the Bank Clause in Contracts

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of the following, namely that the Project Implementing Entity’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing Entity to perform any of its obligations under the Project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the following, namely that the : The Project Implementing Entity’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing Entity to perform any of its obligations under the Project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namely that : the Project Implementing Entity’s Legislation Legal Framework has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing Entity to perform any of its obligations under the Project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 the Project Implementing EntityManagement Unit’s Legislation has Regulation or the Steering Council’s Regulation have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely adversely, in the opinion of the Bank, the ability of the Project Implementing Entity Borrower to perform any of its obligations under the Project this Agreement.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists namely of the following, namely that the Project Implementing Entity’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing Entity to perform any of its obligations under the Project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namely is that the Project Implementing Entity’s Legislation Ordinance has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing Entity to perform any of its obligations under the Project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, namely that the Project Implementing either Entity’s Legislation legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Project Implementing said Entity to perform any of its obligations under the relevant Project Agreement or Subsidiary 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. The Additional Event of Acceleration consists of the following, namely that the event specified in Section 4.01 of this Agreement occurs.

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 the Project Implementing Entity’s Legislation Governing Act has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely (in the opinion of the Bank) the ability of the Project Implementing Entity to perform any of its obligations under the Project Agreement.

Remedies of the Bank. 4.01. 4.01 The Additional Event additional event of Suspension suspension consists of the following, namely namely, that the Project Implementing Entity’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely affect 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 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 ANA to perform any of its obligations under the Project Agreement.