Zakon o potvrđivanju Finansijskog ugovora Održivo unapređenje putne mreže između Republike Srbije i Evropske investicione banke

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DonosilacNarodna skupština Republike Srbije

Član 1.6.B Zakon o potvrđivanju Finansijskog ugovora Održivo unapređenje putne mreže između Republike Srbije i Evropske investicione banke – Bank’s right to suspend and cancel

Član1.6.B

Bank’s right to suspend and cancel

a)
At any time upon the occurrence of the following events, the Bank may notify the Borrower in writing that the undisbursed portion of the Credit shall be suspended and/or (except upon the occurrence of a Market Disruption Event) cancelled in whole or in part:
(i)
a Prepayment Event;
(ii)
an Event of Default;
(iii)
an event or circumstance which would with the passage of time or the giving of notice or the making of any determination under this Contract (or any combination of the foregoing) constitute a Prepayment Event or an Event of Default;
(iv)
a Material Adverse Change; or
(v)
a Market Disruption Event provided the Bank has not received a Disbursement Acceptance.
b)
On the date of such written notification from the Bank the relevant portion of the Credit shall be suspended and/or cancelled with immediate effect. Any suspension shall continue until the Bank ends the suspension or cancels the suspended amount.