Banking Agreement Termination Clauses

Summary

The banking agreement includes termination clauses allowing the bank to end the agreement with prior notice, especially in cases of default or uncommitted credit facilities. The agreement also considers political or economic disturbances as potential triggers for termination. Both sections emphasize the banks rights and the conditions under which the agreement can be terminated, highlighting the importance of understanding these clauses in the context of the Indonesian Civil Code.

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That one is an amendment from previous text as follow:
It seems like you're dealing with a complex banking agreement involving termination clauses and references to the Indonesian Civil Code. If you have a specific question or need clarification on any part of this agreement, feel free to let me know. Additionally, knowing your location could help in providing more specific legal information if needed.
............ and committed Credit Facilities, in the event, from the reasonable perspective of the Bank, there occurs a disturbance in the political or economic situation including but not limited to: currency turmoil, or adverse change in the obligor's business situation, or other adverse change of circumstances, including but not limited to any governmental action to: condemn, impose a debt moratorium; seize; appropriate; assume control or custody over all or any substantial part of the property of the Obligor; or displace the management of the Obligor, each or any of are may cause the Obligor to be unable to perform its obligation under this Agreement and other related documents as and when due. In such event, the entire Indebtedness...............
It seems you're dealing with a banking agreement that includes clauses about termination and events that might trigger such actions, like political or economic disturbances. If you have a specific question about these clauses or need clarification, feel free to ask. Also, where are you located? This can help in providing more precise legal guidance.
compare the first text with the last text
It seems you're asking for a comparison between the initial and final sections of a banking agreement text. Here's a brief comparison:
- First Text: Focuses on the termination of the agreement by the Bank with prior notice and waiving specific legal provisions under the Indonesian Civil Code. It emphasizes the bank's rights to terminate in case of defaults or for uncommitted credit facilities.
- Last Text: Highlights conditions under which the Bank might terminate the agreement, such as political or economic disturbances or governmental actions that affect the Obligor's ability to fulfill obligations.
Both texts relate to termination clauses but focus on different triggers and conditions for such termination.