Common use of Payment completion Clause in Contracts

Payment completion. 3.3.1 Payment completion under Budget Support Tranche Subject to Clause 14.7 (Payment Systems Disruption), if each of the relevant conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.3.2 Payment completion under Technical Assistance Tranche In application of the Co-Financing Agreement, once the Co-Financier has received a Withdrawal Application and the relevant supporting documents as described in Clause 3.2 above, the Co-Financier, on behalf and in the name of the Lender, will: (a) assess all these supporting documents submitted, in compliance with the its applicable internal rules and procedures; and (b) verify that the amount requested in the Drawdown Request complies with the co-financing requirements under the Co-Financing Agreement. If the result of the assessment and the verification mentioned above is satisfactory to the Co-Financier, the latter will notify the Lender in writing of such result through a disbursement notice (the “Disbursement Notice”). Subject to Clause 14.7 (Payment Systems Disruption), if each of the conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate).

Payment completion. 3.3.1 Payment completion under Budget Support Tranche Subject to Clause 14.7 (Payment Systems Disruption), if each of the relevant conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.3.2 Payment completion under Technical Assistance Tranche In application of the Co-Financing Agreement, once the Co-Financier has received a Withdrawal Application and the relevant supporting documents as described in Clause 3.2 (a) (i) above, the Co-Financier, on behalf and in the name of the Lender, will: (ai) assess all these supporting documents submitted, in compliance with the its applicable internal rules and procedures; and (bii) verify that the amount requested in the Drawdown Request complies with the co-financing requirements under the Co-Financing Agreement. If the result of the assessment and the verification mentioned above is satisfactory to the Co-Financier, the latter will notify the Lender in writing of such result through a disbursement notice (the “Disbursement Notice”). Subject to Clause 14.7 (Payment Systems DisruptionDisruption ), if each of the conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.4 Disbursement Methods The Facility shall be made available in accordance with one or more of the following terms: 3.4.1 Reimbursement Subject to the conditions set out in Part III and/or IV of Schedule 4 (Conditions Precedent) as the case may be, the funds may be paid directly to the Borrower in accordance with the terms and conditions of this Agreement, in order to refinance Eligible Expenses paid by the Borrower, provided that evidence of payment of the Eligible Expenses by the Borrower referred to in the Drawdown Request, has been delivered to the Lender through the Co-Financier in form and substance satisfactory to the Co-Financier. The Lender may request directly or through the Co-Financier that the Borrower provides such other evidence showing that works or services corresponding to the relevant Eligible Expenses have been implemented.

Payment completion. 3.3.1 Payment completion under Budget Support Tranche Subject to Clause 14.7 (Payment Systems Disruption), if each of the relevant conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.3.2 Payment completion under Technical Assistance Tranche In application of the Co-Financing Agreement, once the Co-Financier has received a Withdrawal Application and the relevant supporting documents as described in Clause 3.2 (a) (i) above, the Co-Financier, on behalf and in the name of the Lender, will: (ai) assess all these supporting documents submitted, in compliance with the its applicable internal rules and procedures; and (bii) verify that the amount requested in the Drawdown Request complies with the co-financing requirements under the Co-Financing Agreement. If the result of the assessment and the verification mentioned above is satisfactory to the Co-Financier, the latter will notify the Lender in writing of such result through a disbursement notice (the “Disbursement Notice”). Subject to Clause 14.7 (Payment Systems Disruption), if each of the conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.4 Disbursement Methods The Facility shall be made available in accordance with one or more of the following terms: 3.4.1 Reimbursement Subject to the conditions set out in Part III and/or IV of Schedule 4 (Conditions Precedent) as the case may be, the funds may be paid directly to the Borrower in accordance with the terms and conditions of this Agreement, in order to refinance Eligible Expenses paid by the Borrower, provided that evidence of payment of the Eligible Expenses by the Borrower referred to in the Drawdown Request, has been delivered to the Lender through the Co-Financier in form and substance satisfactory to the Co-Financier. The Lender may request directly or through the Co-Financier that the Borrower provides such other evidence showing that works or services corresponding to the relevant Eligible Expenses have been implemented.

Payment completion. 3.3.1 Payment completion under Budget Support Tranche Subject to Clause 14.7 (Payment Systems Disruption), if each of the relevant conditions set out in Clause 2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.3.2 Payment completion under Technical Assistance Tranche In application of the Co-Financing Agreement, once the Co-Financier has received a Withdrawal Application and the relevant supporting documents as described in Clause 3.2 (a) (i) above, the Co-Financier, on behalf and in the name of the Lender, will: (ai) assess all these supporting documents submitted, in compliance with the its applicable internal rules and procedures; and (bii) verify that the amount requested in the Drawdown Request complies with the co-financing requirements under the Co-Financing Agreement. If the result of the assessment and the verification mentioned above is satisfactory to the Co-Financier, the latter will notify the Lender in writing of such result through a disbursement notice (the “Disbursement Notice”). Subject to Clause (14.7 (Payment Systems DisruptionDisruption ), if each of the conditions set out in Clause 2.4(b) (2.4 Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate). 3.4 Disbursement Methods The Facility shall be made available in accordance with one or more of the following terms: 3.4.1 Reimbursement Subject to the conditions set out in Part III and/or IV of Schedule 4 (Conditions Precedent) as the case may be, the funds may be paid directly to the Borrower in accordance with the terms and conditions of this Agreement, in order to refinance Eligible Expenses paid by the Borrower, provided that evidence of payment of the Eligible Expenses by the Borrower referred to in the Drawdown Request, has been delivered to the Lender through the Co-Financier in form and substance satisfactory to the Co-Financier. The Lender may request directly or through the Co-Financier that the Borrower provides such other evidence showing that works or services corresponding to the relevant Eligible Expenses have been implemented.