Common use of ENTRY INTO FORCE AND CONDITIONS PRECEDENT Clause in Contracts

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. This Loan Facility shall enter into force when the conditions in Clause 3(1) of the Master Facility Agreement are satisfied and when the following additional conditions are satisfied: (a) EFSF has received legal opinions satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance of the Beneficiary Member State and the counsel to the Hellenic Financial Stability Fund in respect of these Facility Specific Terms and in the forms set out in Annex 2 (Forms of Legal Opinions) of the Master Facility Agreement. Such legal opinions shall be dated not later than the date of the first Request for Funds made under this Loan Facility; and (b) the Guarantors (acting unanimously) have approved these Facility Specific Terms.

Appears in 4 contracts

Samples: Master Financial Assistance Facility Agreement, Master Financial Assistance Facility Agreement, Master Financial Assistance Facility Agreement

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ENTRY INTO FORCE AND CONDITIONS PRECEDENT. This Loan Facility shall enter into force when the conditions in Clause 3(1) of the Master Facility Agreement are satisfied and when the following additional conditions are satisfied: (a) EFSF has received legal opinions satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance of the Beneficiary Member State and the counsel to the Hellenic Financial Stability Fund in respect of these Facility Specific Terms and in the forms set out in Annex 2 (Forms of Legal Opinions) of the Master Facility Agreement. Such legal opinions shall be dated not later than the date of the first Request for Funds made under this Loan Facility; and (b) the Guarantors (acting unanimously) have approved these Facility Specific Terms.

Appears in 2 contracts

Samples: Master Financial Assistance Facility Agreement, Master Financial Assistance Facility Agreement

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. This Loan Facility shall enter into force when the conditions in Clause 3(1) of the Master Facility Agreement are satisfied and when the following additional conditions are satisfied: (a) EFSF has received a legal opinions opinion satisfactory to it given by the Legal Advisor to Secretary of State of the State at Presidency of the Ministry Council of Finance Ministers of the Beneficiary Member State and the counsel to the Hellenic Financial Stability Fund in respect of these Facility Specific Terms and in the forms form set out in Annex 2 (Forms Form of Legal OpinionsOpinion) of the Master Facility Agreement. Such legal opinions opinion shall be dated not later than the date of the first Request for Funds made under this Loan Facility; and (b) the Guarantors (acting unanimously) have approved these Facility Specific Terms.

Appears in 1 contract

Samples: Master Financial Assistance Facility Agreement

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ENTRY INTO FORCE AND CONDITIONS PRECEDENT. This Loan Facility shall enter into force when the conditions in Clause 3(1) of the Master Facility Agreement are satisfied and when the following additional conditions are satisfied: (a) EFSF has received a legal opinions opinion satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance Attorney General of the Beneficiary Member State and the counsel to the Hellenic Financial Stability Fund in respect of these Facility Specific Terms and in the forms form set out in Annex 2 (Forms Form of Legal OpinionsOpinion) of the Master Facility Agreement. Such legal opinions opinion shall be dated not later than the date of the first Request for Funds made under this Loan Facility; and (b) the Guarantors (acting unanimously) have approved these Facility Specific Terms.

Appears in 1 contract

Samples: Master Financial Assistance Facility Agreement

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