Other Obligations. The Guarantor shall exempt from taxes (including, without limitation, VAT) and duties (including, without limitation, any customs duties) all goods, works and services (including consultancy services), procured by the Borrower for the Project and financed from the proceeds of the Loan or any technical cooperation funds made available by the Bank.
Other Obligations. (a) The Borrower does not comply with any provision of the Finance Documents (other than those referred to in Clause 20.1 (Non- payment)).
(b) No Event of Default under paragraph (a) above shall occur if the failure to comply is capable of remedy and is remedied within fifteen (15) days of the Borrower becoming aware of the failure to comply and the Agent giving notice of the Borrower of the failure to comply, whichever is the earlier.
Other Obligations. The Guarantor shall ensure that the proceeds of the Loan and any technical cooperation funds shall not be used for financing of Taxes levied by, or in the territory of, the Guarantor in respect of all goods, works and services (including consultancy services) procured by the Borrower for the purposes of the Project.
Other Obligations. (a) The Guarantor shall ensure that appropriate state budget allocations are made and maintained in sufficient amounts to cover the payment obligations arising under the Loan Agreement and this Agreement in a timely manner, so as to ensure the punctual performance of the obligations under the Loan Agreement and this Agreement.
(b) The Guarantor shall procure that the Borrower timely performs all of its obligations under the Loan Agreement.
(c) Where any action, condition or matter required to be performed, complied with, achieved or satisfied under the Loan Agreement requires the taking of any action by, or the approval of, the Guarantor as the sole shareholder of the Borrower, the Guarantor shall promptly take that action, or give that approval and, without prejudice to the generality of the foregoing, the Guarantor shall take all action available to it as the sole shareholder of the Borrower to ensure that the corporate governance objectives set out in Section 3.01(d)(1) and Section 3.01(d)(2)(D) of the Loan Agreement are implemented in a timely manner.
Other Obligations. The Guarantor shall not impose any direct or indirect taxes on foreign consultants employed by the Bank, the Borrower or the Project Entity in the implementation of the Project and financed out of the proceeds of the Loan, the EWBJF Grants or any technical cooperation or other grant funds made available from time to time by the Bank in relation to the Project. The Guarantor shall further not impose any direct or indirect taxes on the Borrower or the Project Entity in respect of the proceeds of the EWBJF Grants or such other technical cooperation or other grant funds made available to them for the purposes of the Project. This Agreement shall become effective in accordance with Article IX of the Standard Terms and Conditions and upon the corresponding ratification of this Agreement by the National Assembly of the Republic of Serbia.
Other Obligations. (a) The Guarantor shall, by 31 December 2013, implement the Performance Contract for the financing of railway infrastructure between the Guarantor and the Infrastructure Manager.
(b) The Guarantor shall, by 31 December 2013, open access to the rail network to at least two other domestic operators.
Other Obligations. (a) The Guarantor shall not impose any direct or indirect taxes on foreign consultants employed by the Bank or the Borrower in the implementation of the Project and financed out of the proceeds of the Loan or any technical cooperation funds made available by the Bank.
(b) The Guarantor shall procure that: (1) by no later than 31 December in each year, starting with 2014, the Borrower shall prepare and have its Supervisory Board adopt a five-year rolling Business Plan and (2) by no later than 1 January 2015, the Borrower shall adopt a revised set of track access charges, which set shall be in form and substance satisfactory to the Bank.
(c) The Guarantor shall ensure that, during the term of the Loan, the Borrower receives, on a yearly basis, the funds from the Guarantor referenced in Section 4.03(a)(2)(B) of the Loan Agreement in an amount sufficient for the Borrower to comply with the working ratio set forth in Section 4.03(a) of the Loan Agreement, and as specified in the Business Plan.
Other Obligations. (a) The Borrower does not comply with any provision of this Agreement and/or any Project Document to which it is a party (other than those referred to in Clause (Non-payment)).
(b) No Event of Default under paragraph (a) above will occur if the failure to comply is capable of remedy and is remedied within five (5) Business Days of the earlier of (A) the Agent giving notice to the Borrower and (B) the Borrower becoming aware of the failure to comply. 18.3 Misrepresentation Any representation or statement made or deemed to be made by the Borrower in this Agreement and/or in the Project Documents to which it is a party or any other document delivered by or on behalf the Borrower under or in connection with this Agreement and/or any Project Document is or proves to have been incorrect or misleading in any material respect when made or deemed to be made.
Other Obligations. (a) The Guarantor shall not impose any direct or indirect taxes on foreign consultants employed by the Bank or the Borrower in the implementation of the Project and financed out of the proceeds of the Loan or any technical cooperation funds made available by the Bank;
(b) The Guarantor shall ensure that no action which would prevent or interfere with the execution of the Project or the performance of the obligations of the Borrower as set forth in the Loan Agreement, is taken or permitted to be taken by either the Guarantor or any relevant state agency or authority or any of their respective subdivisions or any of the entities owned and controlled by, or operating for the account or benefit of, any of them;
(c) The Guarantor shall, and shall cause the Borrower to, implement all undertakings set out in the FCP and in Schedule 4 to the Loan Agreement within the time frame specified thereunder;
Other Obligations. (a) The Guarantor shall not impose any direct or indirect taxes on foreign consultants employed by the Bank or the Borrower in the implementation of the Project and financed out of the proceeds of the Loan or any technical cooperation funds made available by the Bank;
(b) The Guarantor shall ensure that no action which would prevent or interfere with the execution of the Project or the performance of the obligations of the Borrower as set forth in the Loan Agreement, is taken or permitted to be taken by either the Guarantor or any relevant state agency or authority or any of their respective subdivisions or any of the entities owned and controlled by, or operating for the account or benefit of, any of them;
(c) The Guarantor shall, and shall cause the Borrower to, implement all undertakings set out in the FCP and in Schedule 4 to the Loan Agreement within the time frame specified thereunder;
(d) The Guarantor shall not agree to any material change to the FCP without the prior written consent of the Bank, which will not be unreasonably withheld;
(e) The Guarantor shall facilitate the Borrower’s collection of revenues from state-owned enterprises and other budgetary institutions; and
(f) The Guarantor shall provide, without charge, to the EBRD Consultant all reasonable support for the carrying out of its functions, including all documents, materials and other information that may be relevant to its work.