Conditions precedent Primjeri odredbi
Conditions precedent. (a) No later than the Signing Date, the Borrower shall provide to the Lender all of the documents set out in Part I of Schedule 4 (Conditions Precedent).
(b) A Drawdown Request may not be delivered to the Lender unless:
(i) in the case of the first Drawdown, the Lender has received all of documents listed in Part II and III and IV of Schedule 4 (Conditions Precedent), and has notified the Borrower that such documents are satisfactory in form and substance;
(ii) in the case of any subsequent Drawdown, the Lender has received all of the documents set out in Part IV of Schedule 4 (Conditions Precedent), and has notified the Borrower that such documents are satisfactory in form and substance; and (iii) on the date of the Drawdown Request and on the proposed Drawdown Date for the relevant Drawdown, no Payment Systems Disruption Event has occurred and the conditions set out in this Agreement have been fulfilled, including:
(1) no Event of Default is continuing or would result from the proposed Drawdown;
(2) no Co-Financier has suspended its payments in relation to the Project;
(3) the Drawdown Request has been made in accordance with the terms of Clause 3.2 (Drawdown request); (4) each representation given by the Borrower in relation to Clause 10 (Representations and warranties) is true.
Conditions precedent. 4.1 The Lender shall have no obligation hereunder and no Disbursement shall be made unless and until the Lender has notified the Borrower that the Lender has received or, as the case may be, waived all of the following documents, each in form and substance satisfactory to it in all respects:
(1) in relation to the Borrower, certified true copies of documentary evidence of the authority of each person who (i) has signed this Agreement on behalf of the Borrower and (ii) will sign the statements, reports, certificates and other documents required by this Agreement and will otherwise act as a representative of the Borrower in relation to the implementation of this Agreement (such documentary evidence includes the relevant decision or decree of the Borrower, the authenticated specimen signature of and certificate of incumbency and power of attorney in respect of each person described above), including the certified copies of: (a) the Decision on election of the Government, (b)specimen signature of the Minister of Finance and (c) Conclusion of the Government of the Republic of Serbia approving the finance documents and authorizing the Minister of Finance to sign the finance documents on behalf of the Government;
(2) this Agreement duly executed by the Lender and the Borrower;
(3) certified true copies of the main design and construction subcontracting contracts and engineer contracts which are in form and substance satisfactory to the Lender and duly executed;
(4) the original of the detailed regulation for subcontractor management established, stamped and submitted by the EPC Contractor;
(5) a certified true copy of the Commercial Contract duly executed by the Owner and the EPC Contractor;
(6) a certified true copy of any and all documents which could evidence that the fees payable hereunder have been paid by the Borrower to the Lender in accordance with the provisions of Article 6 （Interest and Fees）;
(7) a certified true copy of the Insurance Policy duly issued by the Insurance Company, which has come into effect, and a written notice given by the Insurance Company to the Lender, stating that the insurance obligations of the Insurance Company under the Insurance Policy have become enforceable;
(8) certified true copies of any and all documents evidencing that the Owner has made sufficient payment to the EPC Contractor (hereinafter referred to as the “Self-raised Fund”), without utilizing the proceeds of the Loan, prior to the first Disbursement, so that after...
Conditions precedent. (a) No later than the Signing Date, the Borrower shall provide to the Lender all of the documents set out in Part I of Schedule 4 (Conditions Precedent).
(b) A Drawdown Request may not be delivered to the Lender unless:
(a) this Agreement has become effective upon the satisfaction of the conditions stipulated in the Part II of Schedule 4 (Conditions Precedent);
(b) in the case of the first Drawdown under the Budget Support Tranche, the Lender has received all of the documents listed in Part III of Schedule 4 (Conditions Precedent) and has notified the Borrower that such documents are satisfactory in form and substance;
(c) in the case of any subsequent Drawdown under the Budget Support Tranche, the Lender has received all of the documents set out in Part IV of Schedule 4 (Conditions Precedent) and has notified the Borrower that such documents are satisfactory in form and substance;
Conditions precedent. DRAWDOWN OF FUNDS