Common use of Availability and Transfer of Foreign Currency Clause in Contracts

Availability and Transfer of Foreign Currency. Other than the registration of the BlaO Loan with the Colombian Central Bank (Banco de la República) which will be satisfied by (a) filing Form No. 6 (Información de Endeudamiento Externo otorgado a Residentes) prior to, or simultaneously with, the first Disbursement and (b) Form No. 3 (Declaración de Cambio) prior to, or simultaneously with, each Disbursement, each with an authorized foreign exchange intermediary, no foreign exchange control approvals or other Authorizations are required to ensure the availability of Dollars to enable it to perform all of its obligations under the Financing Documents to which it is a party. No other restriction or requirement limits the availability to, or transfer of foreign exchange by, it to make any payments required under any Financing Document to which it is a party.

Availability and Transfer of Foreign Currency. Other than the registration of the BlaO IDB Invest Loan with the Colombian Central Bank (Banco de la República) which will be satisfied by (a) filing Form No. 6 (Información de Endeudamiento Externo otorgado a Residentes) prior to, or simultaneously with, the first Disbursement and (b) Form No. 3 (Declaración de Cambio) prior to, or simultaneously with, each Disbursement, each with an authorized foreign exchange intermediary, no foreign exchange control approvals or other Authorizations are required to ensure the availability of Dollars to enable it to perform all of its obligations under the Financing Documents to which it is a party. No other restriction or requirement limits the availability to, or transfer of foreign exchange by, it to make any payments required under any Financing Document to which it is a party.