Common use of Suspension; Acceleration of Maturity Clause in Contracts

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: the PMGSY Guidelines or any provision thereof shall have been repealed, suspended or amended in any manner in so far as it relates to the Project, which in the reasonable opinion of ADB shall or may adversely affect the carrying out of the Project or the operation of the Project facilities.

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: the PMGSY Guidelines or any provision thereof shall have been repealed, suspended or amended in any manner in so far as it relates to the Project, which in the reasonable opinion of ADB shall or may adversely affect the carrying out of the Project or the operation of the Project facilitiesProject.

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: the PMGSY Guidelines or any provision thereof Borrower shall have been repealedfailed, suspended or amended in any manner in so far as it relates to the Project, which in the reasonable opinion of ADB shall or may adversely affect the carrying out ADB, to perform any of its obligations under the Project or the operation of the Project facilitiesLoan Agreement.

Suspension; Acceleration of Maturity. Section 5.016.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: the PMGSY Guidelines Memorandum and Articles, or any provision thereof thereof, shall have been repealed, suspended or amended in any manner in so far as it relates to the Project, which in the ADB’s reasonable opinion of ADB shall or may adversely affect the carrying out of the Project or the operation of the Project facilitiesLoan Agreement.

Suspension; Acceleration of Maturity. Section 5.01. The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l8.01(m) of the Loan Regulations: any annual fiduciary review, post- procurement review or annual audit conducted under the PMGSY Guidelines or Project finds any provision thereof shall have been repealed, suspended or amended material irregularities in any manner in so far as it relates to the Project, which or ADB shall have determined that any procurement of Goods, Works or Consulting Services under the Project is inconsistent with the relevant procedures set out in the reasonable opinion of ADB shall Procurement Guidelines or may adversely affect the carrying out of the Project or the operation of the Project facilitiesConsulting Guidelines.

Suspension; Acceleration of Maturity. Section 5.01. The following is are specified as an additional event events for suspension of the right of the Borrower by prior notice to the Borrower to make withdrawals from the Loan Account for the purposes of Section 9.01(l) of the Loan Regulations: the PMGSY Guidelines SIDBI Act or the MSME Act, or any provision thereof thereof, shall have been repealed, suspended suspended, amended or amended modified in any manner in so far as it relates to the Project, which that in the reasonable opinion of ADB shall will or may adversely affect the carrying out of the Project or the operation of the Project facilitiesthis Loan Agreement.