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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 2ας ΑΥΓΟΥΣΤΟΥ
1984
Sectlon
5.06.
(a) Except
θθ t~e
Bank shall otherw1se agree,
the Borrower shall not,
1η
any year prior to complet
10η
of the
Project. lncur any debt other than for purposes of
carryln~
out
the Project.
(b) For purposes of this Sectlon:
(1) The term "deht" means a11 debt, lncludlng debt
assumed
οτ
guaranteed by the Borrower, except debt
1ncurred
Ιη
the ordlnary course of bus1ness and
matur1ng by 1ts
ter11lθ,
les8 than one year after
the lncurrence thereof.
,
(11) De bt ,shall be
deeιned Ιο
be
lncurred:
(Α)
under a contract
οτ
10an agreement,
οη
the
date the contract or 10an
agree~ent
provid1ng
for 8uch debt 18 entered
1ηιο;
and
(Β)
under a guarantee agreement,
οη
the date the
agreement provldlng for 8uch guarantee
18
entered lnto.
AR.TICLE
νι
Reσιedlea
of
tbe
Bank
Sect10n 6.01. For the purposes of Sect10n 6.02
οί
the
General Condlt1ons, the fo110w1ng addlt10na1 events are Hpeclf1ed
pursuant to paragraph (k)
th~reof:
(a) The
1971
Law, the SBLA Order
οτ
any other law
οτ
regu-
1atlon,
οτ
the 1ega1 arrangements referred
ιο 1η
Sect10n
7.01
of
thls Agreement, sha11 have been amended, suspended
οτ
abrogated
so as to affect mater1a11y and adversely the operat1ons
οτ
f1nan–
cla1 cond1tlon
οί
the Borrower
οτ
the performance of 1ts obl1ga–
t10ns under thls Agreement;
(b) The Guarantor
9 1
1a11 have fa11ed to make
aνa11able
to
the Borrower, by September
30, 1985,
οτ
such 1ater date
θβ
the
Bank may agree, the funds referred to
1η
Sect10n 2.02 of the
Guarantee Agreement;
(c)
(Ι)
Subject to subparagraph (11) of th1s paragraph:
(Α)
the r1ght
οί
the Borrower
στ
the Guarantor,
θΒ
the case may be, to w1 thdraw the funds
made ava11able under the CERF Loan
οτ
other
Loan prov1ded for purposes of flnancing the
Project shall have been suspended, cancelled
οτ
termlnated
1η
whole
οτ Ιη
part pursuant to
the arrangements
proνidlng
therefor,
οτ
(Β)
any 8Hch Loan shall have become due and pay–
ab1e
ρτ10Τ
to the agreed maturity thereof.
(11) Sub-paragraph (1) of thls
paragr~ph
shal1
ηοι
apply 1f: .
(Α)
such suspenslon, cancel1at1on,
term1natlon
οτ
prematur1ng 1s not caused by the
fal1ure of the Borrower or the Guarantor.
θβ
the
case may be, to perform any of 1ts obl1gat1ons
under such arrangements; and
(Β)
adequ8te funds
for the Project are
aνal1able
to the Borrower froM
other sources
οη
term8 and condit1ons conslstent
with the
οbΙ
tgations of the Borrower under thls
Agreement.
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