Credit and Disbursements. 1.01 Amount of Credit
Credit and Disbursements. Amount of Credit By this Contract the Bank establishes in favour of the Borrower, and the Borrower accepts, a credit in an amount equivalent to CZK 2,000,000,000.00 (two billion Czech crowns) for the financing of the Project (the "Credit"). Disbursement procedure Tranches The Bank shall disburse the Credit in up to 10 (ten) Tranches. The amount of each Tranche shall be in a minimum amount equivalent to CZK 200,000,000.00 (two hundred million Czech crowns) or (if less) the entire undrawn balance of the Credit. Disbursement Offer Upon request by the Borrower and subject to Article 1.4.A, provided that no event mentioned in Article 1.6.B has occurred and is continuing, the Bank shall send to the Borrower within 5 (five) Business Days after the receipt of such request a Disbursement Offer for the disbursement of a Tranche. The latest time for receipt by the Bank of such Xxxxxxxx's request is 15 (fifteen) Business Days before the Final Availability Date. The Disbursement Offer shall include information as set out in Schedule C.
Credit and Disbursements. Amount of Credit By this Contract the Bank establishes in favour of the Borrower, and the Borrower accepts, a credit in an amount equivalent to EUR 80,000,000 (eighty million euros) for the financing of the Project (the "Credit").
Credit and Disbursements. The disbursement of the first Tranche under Article 1.2 is conditional upon receipt by the Bank, in form and substance satisfactory to it, on or before the date falling 7 (seven) Business Days before the Scheduled Disbursement Date, of the following documents or evidence: […]
Credit and Disbursements
