The following are specified for purposes of Section 7.01(a)(xvii) (Suspension) of the Standard Terms and Conditions:
a)
the legislative and regulatory framework applicable to the energy sector in the territory of the Borrower shall have been amended, suspended, abrogated, repealed or waived in a manner other than as approved by the Bank in writing;
b)
the Statute of the Project Entity shall have been amended, suspended, abrogated, repealed or waived;
c)
the Project Entity shall have failed to perform any of its obligations under the Project Agreement; or
d)
the ownership of the Project Entity is transferred to any other party than the City, unless the Bank has given its prior written approval to such transfer.
The following are specified for purposes of Section 7.06(f) (Events of Acceleration) of the Standard Terms and Conditions: any of the events specified under
(a)-(d) (Suspension) above shall have occurred and continues without remedy for thirty (30) days after the notice thereof has been given by the Bank to the Borrower.