the legislative and regulatory framework applicable to the waste management sector in the territory of the Borrower shall have been amended, suspended, abrogated, repealed or waived in a manner that would have a material adverse effect on the Project or the ability of the Borrower and/or any Project Entity to perform their obligations under this agreement or the Project Agreements other than as approved by the Bank in writing;

the Statutes shall have been amended, suspended, abrogated, repealed or waived in a manner that would have a material adverse effect on the Project or the ability of the Project Entity to perform its obligations under the Project Agreement; and

the ultimate control of the Project Entities shall have been transferred to a party other than the Borrower, unless the Bank has given its prior written approval to such transfer.

any event specified in

Section 4.01

shall have occurred and continued without remedy for sixty (60) days after notice thereof has been given by the Bank to the Borrower.