Interpretation Primjeri odredbi

Interpretation. In this Agreement, a reference to a specified Article or Section shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of this Agreement. The Guarantor hereby unconditionally guarantees, as primary obligor and not as surety merely, the due and punctual payment of any and all sums due under the Loan Agreement, whether at stated maturity, by acceleration or otherwise, and the punctual performance of all other obligations of the Borrower, all as set forth in the Loan Agreement.

Interpretation. In this Agreement, a reference to a specified Article, Section or Schedule shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of, or Schedule to, this Agreement. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amount of up to one hundred million Euro (EUR 100,000,000).

Interpretation. Words and expressions used in this Agreement shall be construed pursuant to the provisions of Schedule 1B (Construction), unless the contrary intention appears.

Interpretation. (a) In this Agreement, a reference to a specified Article, Section or Schedule shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of, or Schedule to, this Agreement. (b) For the purposes of Section 3.01 (other than Sections 3.01(a) and 3.01(b)) to Section 3.06, the Borrower will act through the Responsible Ministries. (c) For the purposes of Section 4.01, the Borrower will act through the Ministry of Finance of the Republic of Serbia and the Responsible Ministries, as applicable.

Interpretation. In this Agreement, a reference to a specified Article, Section or Schedule shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of, or Schedule to, this Agreement. (a) The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amount of EUR 550 million. (b) The Loan shall consist of six tranches (each a "Tranche"), as follows: (1) Tranche 1 in an amount of up to EUR 60 million for Part 1 of the Project to finance the Stalac-Djunis Lot 2 Sub-Section ("Tranche 1 Loan"), to be committed from the date of effectiveness of the Loan Agreement; (2) Tranche 2 in the amount of EUR 140 million for Part 2 of the Project to finance the Belgrade Center-Velika Plana Sub-Section ("Tranche 2 Loan"); (3) Tranche 3 in the amount of EUR 85 million for Part 2 of the Project to finance the Velika Plana-Paracin Sub-Section ("Tranche 3 Loan"); (4) Tranche 4 in the amount of EUR 100 million for Part 2 of the Project to finance the Paracin-Medjurovo Sub-Section ("Tranche 4 Loan"); (5) Tranche 5 in the amount of EUR 55 million for Part 2 of the Project to finance the Belgrade and Nis railway nodes Sub-Section ("Tranche 5 Loan"); and (6) Tranche 6 in the amount of EUR 110 million for Part 2 of the Project to finance the Signalling/Telecommunications contract ("Tranche 6 Loan"). Each of the Tranches set out in (2) to (6) above (an "Uncommitted Loan Tranche") is uncommitted at signing but may be committed by the Bank in its sole discretion following receipt of a written request from the Borrower and the satisfaction or waiver at the Bank’s discretion of the conditions precedent set out in Section 5.03. The Bank will provide a written notice in each case confirming its decision to commit each Tranche (such notice being a "Commitment Notice") with the amounts so committed forming part of the Available Amount from the date of the respective Commitment Notice. (c) The Borrower shall pay to the Bank a Commitment Charge of 0.5% per annum on the Available Amount as follows: (1) Tranche 1 Loan: The Commitment Charge in respect of the Tranche 1 Loan shall be calculated based on the Available Amount for such tranche and shall accrue from the date sixty (60) days after the date of the Loan Agreement; and (2) Uncommitted Loan Tranches: The Commitment Charge in respect of each of the Uncommitted Loan Tranches shall be calculated based on the Available Amount for such tranche...

Interpretation. 7 ARTICLE II - PRINCIPAL TERMS OF THE LOAN 7

Interpretation. Any reference to the singular shall include the plural and vice versa. Any reference to the masculine shall include the feminine and vice versa. Any headings of articles in these insurance conditions and in the insurance policy are deemed to enable an easier orientation and do not have any interpretation objective. All words in capital letters have the meaning given to them in section 3. (Definitions) of these insurance conditions. Words which are not defined have their common meaning.

Interpretation. If any individual provision of this Agreement is or becomes ineffective in part or in whole, this does not affect the validity of the remaining provisions.

Interpretation. In this Agreement, a reference to a specified Article or Section shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of this Agreement.

Interpretation. In this Agreement, a reference to a specified Article, Section or Schedule shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of, or Schedule to, this Agreement. (a) The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amount of EUR 75,000,000. (b) The Loan shall consist of two Tranches, as follows: (1) Tranche 1 Loan in the amount of EUR 50,000,000; and (2) Tranche 2 Loan in the amount of EUR 25,000,000. (c) Notwithstanding anything to the contrary expressed or implied in this Agreement: (1) Tranche 1 Loan is committed from the date of the effectiveness of this Agreement; and (2) Tranche 2 Loan is uncommitted and will become committed only upon the Bank determining in its absolute discretion, no later than 31 December 2022, that it is prepared to make Tranche 2 Loan available and notifying the Borrower in writing that Tranche 2 Loan has been committed, provided the following conditions precedent are fulfilled, in form and substance satisfactory to the Bank: (A) the Bank shall have received a written request for the commitment of Tranche 2 Loan from the Borrower; (B) the technical, environmental and social due diligence on Part 2 of the Project by the Bank and its external consultants has been completed and it is satisfactory to the Bank.