Disbursement. 3.1 Requesting disbursements. As soon as all conditions precedent to disbursement pursuant to Article 3.3 (Conditions precedent to disbursement) hereof are fulfilled, KfW will disburse the Loan in accordance with the progress of the Project and upon request of the Borrower, in this respect represented by the Project Coordinating Agency, which request is irrevocable. Disbursements will be made in accordance with the Disbursement Schedule contained in Annex 1 (Disbursement Schedule) to this Loan Agreement. KfW will make disbursements only up to the maximum amounts determined for each disbursement period specified in Annex 1. To the extent the Borrower, in this respect represented by the Project Coordinating Agency, requests disbursement of lower amounts within any such period the undisbursed amounts may be requested in any of the next ensuing periods. With the exception of the last disbursement, KfW is not obligated to make disbursements of less than EUR 300,000.00.
Disbursement. 2.1 Request for disbursement. As soon as all conditions precedent to disbursement pursuant to Article 2.3 are fulfilled, KfW will disburse the Loan in accordance with the progress of the Project upon request of the Borrower. Disbursement will be effected in accordance with the disbursement schedule contained in Annex 1 to this Loan Agreement. KfW will make disbursements only up to the maximum amounts determined for each half-year. To the extent the Borrower requests disbursement of lower amounts within any half-year the undisbursed amounts may be requested in any subsequent half-year period. With the exception of the last disbursement, KfW is not obligated to effect disbursements in an amount of less than EUR 150,000.-.
2.2 Deadline for requesting disbursement. KfW may deny disbursements after 30.12.2017.
2.3 Conditions Precedent to Disbursement. KfW is obligated to make disbursements of any amount under this Loan Agreement only upon fulfillment of the following conditions precedent in a form and content acceptable to KfW:
a) the Borrower will have demonstrated by presenting a legal opinion substantially in the form set forth in Annex 3 and by presenting certified copies (each with a German or English translation) of all documents to which this legal opinion refers that aa) the Borrower has fulfilled all requirements under its constitutional law and other legal provisions for the valid assumption of all its obligations under this Loan Agreement, and bb) KfW is exempted from all taxes on income from interest, charges, fees and similar costs in the Repubic of Serbia when granting the Loan;
b) KfW has received an executed original of this Agreement;
c) the specimen signatures mentioned in Article 12.1 (Representation of the Borrower) have been submitted;
d) the Guarantee from the Federal Republic of Germany mentioned in Article 7 is in force and effect without any restriction.
e) the Borrower has paid the management fee mentioned in Article 3.2;
f) no reason for termination has occurred or is threatening; and
g) no extraordinary circumstances have arisen that preclude or seriously jeopardise the implementation, the operation, or the purpose of the Project, or the performance of the payment obligations assumed by the Borrower under this Loan Agreement. Prior to disbursement from the Loan KfW has the right to demand such further documents and evidence as it reasonably deems necessary.
2.4 Separate Agreement. In a separate agreement the Borrower represented by t...
Disbursement. 3.1 Requesting disbursements. As soon as all conditions precedent to disbursement pursuant to Article 3.3 (Conditions precedent to disbursement) hereof are fulfilled, KfW will disburse the Loan in accordance with the progress of the Programme and upon request of the Borrower, in this regard represented by the MCTI. Disbursements will be made in accordance with the Disbursement Schedule contained in Annex 1 (Disbursement Schedule) to this Loan Agreement. KfW will make disbursements only up to the maximum amounts determined for each disbursement period specified in Annex 1. To the extent the Borrower requests disbursement of lower amounts within any such period the undisbursed amounts may be requested in any of the next ensuing periods. With the exception of the last disbursement, KfW is not obligated to make disbursements of less than EUR 350,000,00.
Disbursement. 3.1 Requesting disbursements. As soon as all conditions precedent to disbursement pursuant to Article 3.3 hereof are fulfilled, KfW will disburse the Loan in accordance with the progress of the Program and upon request of the Borrower. Disbursements will be made in accordance with the disbursement schedule contained in Annex 1 to this Loan Agreement. KfW will make disbursements only up to the maximum amounts determined for each half- year. To the extent the Borrower requests disbursement of lower amounts within any half-year, the undisbursed amounts may be requested in any of the next ensuing half-year periods. With the exception of disbursements for the Engineering Services and of the last disbursement for the Investments, KfW is not obligated to make disbursements of less than EUR 200,000.00.
Disbursement. The PPL is a single-tranche AFD loan. The loan is made available as the prior action has been completed. The AFD loan is completed by a €500,000 grant to cover TA in charge of supporting the GoS in the achievement of the 4 result indicators presented in the matrix. The TA grant envelope has already been committed (through a framework service contract managed by AFD).
Disbursement. 2.1 Requesting disbursements. As soon as all conditions precedent to disbursement pursuant to Article 2.3 (Conditions precedent to disbursement) hereof are fulfilled, KfW will disburse the Loan in accordance with the progress of the Project and upon request of the Borrower, in this regard represented by the the Project Executing Agency. Disbursements will be made in accordance with the Disbursement Schedule contained in Annex 1 (Disbursement Schedule) to this Loan Agreement. KfW will make disbursements only up to the maximum amounts determined for each disbursement period specified in Annex 1 (Disbursement Schedule). To the extent the Borrower requests disbursement of lower amounts within any such period the undisbursed amounts may be requested in any of the next ensuing periods. With the exception of the last disbursement, KfW is not obligated to make disbursements of less than EUR 200,000,00.
Disbursement. 3.1 Requesting disbursements. As soon as all conditions precedent to disbursement pursuant to Article 3.3 (Conditions precedent to disbursement) hereof are fulfilled, KfW will disburse the Loan in accordance with the progress of the Project and upon request of the Borrower through the Project Coordinating Agency. Disbursements will be made in accordance with the Disbursement Schedule contained in Annex 1 (Disbursement Schedule) to this Loan Agreement. KfW will make disbursements only up to the maximum amounts determined for each disbursement period specified in Annex 1. To the extent the Borrower through the Project Coordinating Agency requests disbursement of lower amounts within any such period the undisbursed amounts may be requested in any of the next ensuing periods. With the exception of the last disbursement, KfW is not obligated to make disbursements of less than EUR 300,000.00.