GENERAL UNDERTAKINGS. Compliance with laws
GENERAL UNDERTAKINGS. The undertakings in this Clause 19 remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.
19.1 Authorisations
(a) obtain, comply with and do all that is necessary to maintain in full force and effect; and
(b) supply certified copies to the Agent of, any Authorisation required under any law or regulation of Serbia to enable it to perform its obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence in Serbia of any Finance Document.
19.2 Compliance with laws
(a) The Borrower shall comply in all respects with all laws, regulations and treaties to which it may be subject, if failure so to comply would materially impair its ability to perform its obligations under the Finance Documents.
(b) The Borrower shall procure that the Project will be conducted and operated in compliance with:
(i) all applicable law of Serbia, in all material respects; and (ii) all necessary Authorisations for purpose of such Project.
19.3 Registration
GENERAL UNDERTAKINGS. Compliance with laws
(a) Prohibited Conduct: The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly: maintain or enter into a business relationship with, and/or make any funds and/or economic resources available to, or for the benefit of, any Sanctioned Person in connection with the Project, use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.9(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96.
(c) Relevant Persons:
GENERAL UNDERTAKINGS. 6.6 Compliance with laws
6.7 General Representations and Warranties
(a) it has the power to execute, deliver and perform its obligations under this Contract and all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same by it;
(b) this Contract constitutes its legally valid, binding and enforceable obligations;
(c) the execution and delivery of, the performance of its obligations under and compliance with the provisions of this Contract do not and will not contravene or conflict with:
(i) any applicable law, statute, rule or regulation, or any judgement, decree or permit to which it is subject;
(ii) any agreement or other instrument binding upon it which might reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Contract;
GENERAL UNDERTAKINGS. Compliance with laws The Borrower shall comply in all respects with all laws and regulations to which it or the Project is subject. General Representations and Warranties The Borrower represents and warrants to the Bank that: it has the power to execute, deliver and perform its obligations under this Contract and all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same by it; this Contract constitutes its legally valid, binding and enforceable obligations; the execution and delivery of, the performance of its obligations under and compliance with the provisions of this Contract do not and will not contravene or conflict with: any applicable law, statute, rule or regulation, or any judgement, decree or permit to which it is subject; any agreement or other instrument binding upon it which might reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Contract; there has been no Material Adverse Change since 16 June 2011; no event or circumstance which constitutes a Prepayment Event (as better described in Article 4.3) or an Event of Default has occurred and is continuing unremedied or unwaived; no litigation, arbitration, administrative proceedings or investigation is current or to its knowledge is threatened or pending before any court, arbitral body or agency which has resulted or if adversely determined is reasonably likely to result in a Material Adverse Change, nor is there subsisting against it or any of its subsidiaries any unsatisfied judgement or award; it has obtained all necessary Authorisations in connection with this Contract and in order to lawfully comply with its obligations hereunder, and the Project and all such Authorisations are in full force and effect and admissible in evidence; its payment obligations under this Contract rank not less than pari passu in right of payment with all other present and future unsecured and unsubordinated obligations under any of its debt instruments except for obligations mandatorily preferred by law applying to companies generally; and it is in compliance with Article 6.5(ttt) and to the best of its knowledge and belief (having made due and careful enquiry) no Environmental Claim has been commenced or is threatened against it. The representations and warranties set out above shall survive the execution of this Contract and are, with the exception of the representation set out in ...
GENERAL UNDERTAKINGS. The undertakings in this Clause remain in force from the Effective Date for so long as any amount is outstanding under this Agreement or any Commitment is in force.
17.1 Authorisations
(a) obtain, comply with and do all that is necessary to maintain in full force and effect; and
(b) supply certified copies to the Agent of any Authorisation required under any law or regulation of the Republic of Serbia to:
(i) enable it to perform its obligations under this Agreement and/or the Project Documents;
(ii) ensure the legality, validity, enforceability or admissibility in evidence of this Agreement and/or the Project Document; or (iii) to carry out the Projects in accordance with the Project Documents.
17.2 Compliance with laws
GENERAL UNDERTAKINGS. 6.07 Compliance with laws
(a) it has the power to execute, deliver and perform its obligations under this Contract and all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same by it;
(b) this Contract constitutes its legally valid, binding and enforceable obligations;
(c) the execution and delivery of, the performance of its obligations under and compliance with the provisions of this Contract do not and will not:
(i) contravene or conflict with any applicable law, statute, rule or regulation, or any judgement, decree or permit to which it is subject;
(ii) contravene or conflict with any agreement or other instrument binding upon it which might reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Contract;
GENERAL UNDERTAKINGS. 6.07 Compliance with laws 6.08 General Representations and Warranties
(a) it has the power to execute, deliver and perform its obligations under this Contract and all necessary cor- porate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same by it;
(b) this Contract constitutes its legally valid, binding and enforceable obligations; bljuje svu dokumentaciju koju traži Banka, po diskrecionoj ocjeni, a koju Zajmoprimcu naznači Banka. Zajmoprimac će se pobrinuti da MRRŠVG osigura, prethod- no, kompletiranu presliku odgovarajućeg dokumenta obrasca u obliku i uputama u Tablici A.3 za svaki Podprojekt, koji navodi pojedinosti za potvrđivanje podobnosti i sukladnosti sa cjelokupnom definicijom projekta. Kod avansne isplate i prije daljnje isplate, Zajmoprimac xx xxxx pobrinuti da MRRŠVG priskrbi informacije koje sadrži Tabela A.3.
GENERAL UNDERTAKINGS. Compliance with laws
(a) Prohibited Conduct: The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract; The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project; The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
GENERAL UNDERTAKINGS. Compliance with laws General Representations and Warranties Pari passu ranking