Common use of Deferment of disbursement Clause in Contracts

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “Requested Deferred Disbursement Date”), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the Tranche; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 (seven) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment Indemnity. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “Requested Deferred Disbursement Date”), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the Tranche; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 (seven) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment Indemnity. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an the Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “"Requested Deferred Disbursement Date”"), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 (seven) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment Indemnity. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST REQUEST (a) The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an the Accepted Tranche and specify: (ai) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (bii) the date until which the Borrower would like to defer a disbursement of the above amount (the “"Requested Deferred Disbursement Date”"), which must be a date falling not later than: (i1) 6 (six) months from its Scheduled Disbursement Date; (ii2) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii3) the Final Availability Date. . (b) Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 5 (sevenfive) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY FEE If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment IndemnityFee. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “"Requested Deferred Disbursement Date”"), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 5 (sevenfive) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY FEE If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment IndemnityFee. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST Xxxxxxxx’x request The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “Requested Deferred Disbursement Date”), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENTFailure to satisfy conditions to disbursement (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "“Agreed Deferred Disbursement Date"”), which must be a date falling: (i) not earlier than 7 5 (sevenfive) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY Deferment fee If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment IndemnityFee. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST Xxxxxxxx’x request (a) The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an the Accepted Tranche and specify: (ai) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (bii) the date until which the Borrower would like to defer a disbursement of the above amount (the “Requested Deferred Disbursement Date”), which must be a date falling not later than: (i1) 6 (six) months from its Scheduled Disbursement Date; (ii2) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii3) the Final Availability Date. . (b) Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENTFailure to satisfy conditions to disbursement (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "“Agreed Deferred Disbursement Date"”), which must be a date falling: (i) not earlier than 7 5 (sevenfive) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY Deferment FEE If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment IndemnityFee. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “"Requested Deferred Disbursement Date”"), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE . 1.5.A(2)FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 5 (sevenfive) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY . 1.5.A(3)DEFERMENT FEE If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment IndemnityFee. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.

Deferment of disbursement. 1.5.A Grounds for deferment 1.5.A(1) XXXXXXXX'X REQUEST The Borrower may send a written request to the Bank requesting the deferral of the disbursement of an Accepted Tranche. The written request must be received by the Bank at least 5 (five) Business Days before the Scheduled Disbursement Date of an Accepted Tranche and specify: (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “Requested Deferred Disbursement Date”), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date of the TrancheDate; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date. 1.5.A(2) FAILURE TO SATISFY CONDITIONS TO DISBURSEMENT (a) The disbursement of an Accepted Tranche shall be deferred if any condition for disbursement of such an Accepted Tranche referred to in Article 1.4 is not fulfilled both: (i) at the date specified for fulfilment of such condition in Article 1.4; and (ii) at its Scheduled Disbursement Date (or, where the Scheduled Disbursement Date has been deferred previously, the date expected for disbursement). (b) The Bank and the Borrower shall agree the date until which the disbursement of such an Accepted Tranche shall be deferred (the "Agreed Deferred Disbursement Date"), which must be a date falling: (i) not earlier than 7 5 (sevenfive) Business Days following the fulfilment of all conditions of disbursement; and (ii) not later than the Final Availability Date. (c) Without prejudice to the Bank’s right to suspend and/or cancel the undisbursed portion of the Credit in whole or in part pursuant to Article 1.6.B, the Bank shall defer disbursement of such an Accepted Tranche until the Agreed Deferred Disbursement Date. 1.5.A(3) DEFERMENT INDEMNITY FEE If disbursement of an Accepted Tranche is being deferred pursuant to paragraphs 1.5.A(1) or 1.5.A(2) above, the Borrower shall pay the Deferment IndemnityFee. If a disbursement has been deferred by more than 6 (six) months in aggregate pursuant to Article 1.5.A, the Bank may notify the Borrower in writing that such disbursement shall be cancelled and such cancellation shall take effect on the date of such written notification. The amount of the disbursement which is cancelled by the Bank pursuant to this Article 1.5.B shall remain available for disbursement under Article 1.2.