Change of-Law Event" has the meaning given to it in Article 4.3.A(3). "Contract" has the meaning given to it in Recital (g). "Contract Number" shall mean the Bank generated number identifying this Contract and indicated on the cover page of this Contract after the letters "FI N°". "Credit" has the meaning given to it in Article 1.1.
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). "Components" mean all of (i) Component 1 (ii) Component 2 , (iii) Component 3 (iv) Component 4 (each a "Component"). "Component 1" means Section Sićevo – Dimitrovgrad, reconstruction and modernisation civil works and track, preparatory works for electrification and signalling. "Component 2" means North by-pass of the City of Niš, single track electrified line.
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). "Contract" has the meaning given to it in Recital (e). "Credit" has the meaning given to it in Article 1.1.
Examples of Change in a sentence
The Borrower directly or through the PIE and PIU shall inform the CEB of any Material Adverse Change immediately after becoming aware thereof.
For the purposes of this Article “Change-of-Law Event” means the enactment, promulgation, execution or ratification of or any change in or amendment to any law, rule or regulation (or in the application or official interpretation of any law, rule or regulation) that occurs after the date of this Contract and which, in the reasonable opinion of the Bank results or is reasonably likely to result in a Material Adverse Change.
Any Material Adverse Change would constitute an event in the terms of Article 3.3 (h) of the Loan Regulations and may give rise to the early reimbursement, suspension or cancellation of the Loan under the terms of Articles 3.3 (Early reimbursement of disbursed loans), 3.5 (Suspension by the Bank of undisbursed loans) and 3.6 (Cancellation by the Bank of undisbursed loans) of the Loan Regulations.
More Definitions of Change
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). “Components” mean all of (i) Component 1 (ii) Component 2 , (iii) Component 3 (iv) Component 4 (each a “Component”). “Component 1” means Section Sićevo – Dimitrovgrad, reconstruction and modernisation civil works and track, preparatory works for electrification and signalling. “Component 2” means North by-pass of the City of Niš, single track electrified line. “Component 3” means Sections Crveni Krst – connection with the by-pass and Sićevo – Dimitrovgrad, electrification and signalling. “Component 4” means Services for design, third party works supervision and implementation support plus preparation of future projects. "Contract" has the meaning given to it in Recital (e). "Credit" has the meaning given to it in Article 1.1.
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). “Competent Authority for the Environment” means the governmental entity responsible for enforcing the environmental impact assessment (EIA) legislation in Montenegro, including issuance of Environmental Approvals, namely the Ministry of Sustainable Development and Tourism or its legal successor. "Contract" has the meaning given to it in Recital (c). "Contract Number" shall mean the Bank generated number identifying this Contract and indicated on the cover page of this Contract after the letters "FI N°". "Credit" has the meaning given to it in Article 1.1.
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). "Contract" has the meaning given to it in Recital (e). "Contract Number" means the Bank generated number identifying this Contract and indicated on the cover page of this Contract after the letters "FI N°". "Credit" has the meaning given to it in Article 1.1. "Date of Effectiveness" has the meaning given in Article 12.3. "Declaration of Honour" means the “Declaration of Honour” under EFSD+ signed by the Borrower on 18 January 2023. "Deferment Fee" means a fee calculated on the amount of an Accepted Tranche deferred or suspended at the rate of higher of: 0.125% (12.5 basis points), per annum; and the percentage rate by which: the interest rate that would have been applicable to such Tranche had it been disbursed to the Borrower on the Scheduled Disbursement Date, exceeds EURIBOR (one month rate) less 0.125% (12.5 basis points), unless such rate is less than zero, in which case it shall be set at zero. Such fee shall accrue from the Scheduled Disbursement Date to the Disbursement Date or, as the case may be, until the date of cancellation of the Accepted Tranche in accordance with this Contract. "Disbursement Acceptance" means a copy of the Disbursement Offer duly countersigned by the Borrower in accordance with the List of Authorised Signatories and Accounts. "Disbursement Acceptance Deadline" means the date and time of expiry of a Disbursement Offer as specified therein. "Disbursement Account" means, in respect of each Tranche, the bank account to which disbursements may be made under this Contract, as set out in the most recent List of Authorised Signatories and Accounts.
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). "Contract" has the meaning given to it in Recital (e). "Credit" has the meaning given to it in Article 1.1. "Criminal Offence" means any of the following criminal offences as applicable: fraud, corruption, coercion, collusion, obstruction, money laundering, financing of terrorism. "Deferment Indemnity" means an indemnity calculated on the amount of disbursement deferred or suspended at the percentage rate (if higher than zero) by which:
Change of-Law Event" has the meaning given to it in Article 4.3.A(3). "Contract" has the meaning given to it in Recital (e). "Credit" has the meaning given to it in Article 1.1. "Criminal Offence" means any of the following criminal offences as applicable: fraud, corruption, coercion, collusion, obstruction, money laundering, financing of terrorism. "Deferment Indemnity" means an indemnity calculated on the amount of disbursement deferred or suspended at the percentage rate (if higher than zero) by which: the interest rate that would have been applicable to such amount had it been disbursed to the Borrower on the Scheduled Disbursement Date, exceeds the Relevant Interbank Rate (one month rate) less 0.125% (12.5 basis points), unless this value is less than zero, in which case it will be set at zero. Such indemnity shall accrue from the Scheduled Disbursement Date to the Disbursement Date or, as the case may be, until the date of cancellation of the Notified Tranche in accordance with this Contract.