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.
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Samples: Loan Agreement, Loan Agreement
Disbursement. 3.1 2.1. Requesting disbursements. As soon as all conditions precedent to disbursement pursuant to Article 3.3 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 respect represented by the Project Coordinating AgencyExecuting Agency (or its legal successor), 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 11 (Disbursement Schedule). To the extent the Borrower, in this respect represented by the Project Coordinating Agency, 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 300,000.00250,000.00.
Appears in 1 contract
Samples: Loan Agreement
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 Program and upon request of the Borrower, in this respect represented by the Project Program 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 Program Coordinating Agency, 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.
Appears in 1 contract
Samples: Loan Agreement