Conditions precedent to all disbursements of the Loan. The disbursements of the Loan will be subject to compliance, by the Borrower, to the Bank’s satisfaction, with the following conditions in addition to those set forth in Articles 4.01 and 4.03 of the General Conditions: (a) Maintains a macroeconomic framework conducive to the achievement of the Program’s objectives and in accordance with the Policy Letter referred to in Section 3.01 of these Special Conditions; (b) Fulfills the conditions established in these Special Conditions for the disbursement of the corresponding Disbursement Tranche; (c) Maintains open throughout execution of the Program the special bank account(s) referred to in Article 4.01(c) of the General Conditions, to which the Bank will disburse the resources of the Loan; and (d) Continues to fulfill the policy measures regarding the Disbursement Tranche or Tranches already disbursed, as the case may be.
Appears in 1 contract
Samples: Loan Contract
Conditions precedent to all disbursements of the Loan. The disbursements of the Loan will be subject to compliance, by the Borrower, to the Bank’s satisfaction, with the following conditions in addition to those set forth in Articles 4.01 and 4.03 of the General Conditions:
(a) Maintains a macroeconomic framework conducive to the achievement of the ProgramProgramme’s objectives and in accordance with the Policy Letter referred to in Section 3.01 of these Special Conditions;
(b) Fulfills the conditions established in these Special Conditions for the disbursement of the corresponding Disbursement Tranche;
(c) Maintains open throughout execution of the Program Programme the special bank account(s) referred to in Article 4.01(c) of the General Conditions, to which the Bank will disburse the resources of the Loan; and
(d) Continues to fulfill the policy measures regarding the Disbursement Tranche or Tranches already disbursed, as the case may be.
Appears in 1 contract
Samples: Loan Contract
Conditions precedent to all disbursements of the Loan. The disbursements of the Loan will be subject to compliance, by the Borrower, to the Bank’s satisfaction, with the following conditions in addition to those set forth in Articles 4.01 and 4.03 of the General Conditions:
(a) Maintains Maintenance of a macroeconomic framework conducive to the achievement of the ProgramProgramme’s objectives and in accordance with the Policy Letter referred to in Section 3.01 of these Special Conditions;
(b) Fulfills Fulfillment of the conditions established in these Special Conditions for the disbursement of the corresponding Disbursement Tranche;
(c) Maintains open throughout execution Maintenance of the Program the special bank account(s) referred to in Article 4.01(c) of the General Conditions, to which the Bank will disburse the resources of the Loan; and
(d) Continues to fulfill , throughout execution of the policy measures regarding the Disbursement Tranche or Tranches already disbursed, as the case may beProgramme.
Appears in 1 contract
Samples: Loan Contract
Conditions precedent to all disbursements of the Loan. The disbursements of the Loan will be subject to compliance, by the Borrower, to the Bank’s satisfaction, with the following conditions in addition to those set forth in Articles 4.01 and 4.03 of the General Conditions:
(a) Maintains maintains a macroeconomic framework conducive to the achievement of the Program’s objectives and in accordance with the Policy Letter referred to in Section 3.01 of these Special Conditions;
(b) Fulfills fulfills the conditions established in these Special Conditions for the disbursement of the corresponding Disbursement Tranche;; and
(c) Maintains maintains open throughout execution of the Program the special bank account(s) referred to in Article 4.01(c) of the General Conditions, to which the Bank will disburse the resources of the Loan; and
(d) Continues to fulfill the policy measures regarding the Disbursement Tranche or Tranches already disbursed, as the case may be.
Appears in 1 contract
Samples: Loan Contract
Conditions precedent to all disbursements of the Loan. The disbursements of the Loan will be subject to compliance, by the Borrower, to the Bank’s satisfaction, with the following conditions in addition to those set forth in Articles 4.01 and 4.03 of the General Conditions:
(a) Maintains a macroeconomic framework conducive to the achievement of the Program’s objectives and in accordance with the Policy Letter referred to in Section 3.01 of these Special Conditions;
(b) Fulfills the conditions established in these Special Conditions for the disbursement of the corresponding Disbursement Tranche;
(c) Maintains open throughout execution of the Program the special bank account(s) referred to in Article 4.01(c) of the General Conditions, to which the Bank will disburse the resources of the Loan; and
(d) Continues to fulfill the policy measures regarding the Disbursement Tranche or Tranches already disbursed, as the case may beTranche.
Appears in 1 contract
Samples: Loan Contract