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of Suspension consists of the following, namely that the Basic Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under this Agreement, or to achieve the objectives of the Project.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that the Basic Legislation has Memorandum and Articles of Association shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under this Agreement, or to achieve the objectives of the Project.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely namely, that the Basic Legislation has Act or the Statement of Policy shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under the this Agreement, or to achieve the objectives of the Project.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, : namely that the Basic Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower to perform any of its obligations under this Agreement, or to achieve the objectives of the Project.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that the Basic Legislation has Statutes of the Borrower shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability operations or the financial condition of the Borrower or its ability to carry out the Project or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, or to achieve the objectives of the Project.

Remedies of the Bank. 4.01. The Additional Event of Suspension consists of the following, namely that the Basic any Corporation’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the Borrower such Corporation to perform any of its obligations under this its Project Agreement, or to achieve the objectives of the Project.