Opinion. For the purposes of Article of the Loan Agreement, I am of the opinion that under the laws of the Republic of COUNTRY at the date hereof:
2.1 According to Article of the Constitution / Article of the law on [please specify as appropriate] the Borrower is entitled to enter into the Loan Agreement and has taken all necessary action to authorise the execution, delivery and performance of the Loan Agreement, in particular by virtue of:
(a) Law(s) No(s) dated of the parliament of the Republic of COUNTRY, ratifying the Loan Agreement / approving the execution, delivery and performance of the Loan Agreement by the Borrower / [please insert as appropriate];
(b) Resolution(s) No(s) dated of the Cabinet of Ministers / of the state loan committee / [please insert governmental or administrative bodies of COUNTRY as appropriate];
(c) [please refer to other resolutions, decisions etc.].
2.2 Ms./Mr. (and Ms./Mr. ) is (are) duly authorised by [e.g. by law due to her / his position (as Minister of / as ), by government resolution , by power of attorney of dated , etc.] to sign solely / jointly the Loan Agreement on behalf of the Borrower. The Loan Agreement as signed by Ms./Mr. (and Ms./Mr. ) has been duly executed on behalf of the Borrower and constitutes legally binding obligations of the Borrower enforceable against it at law in accordance with its terms. [Alternative 1 for Section 2.3, to be used if in addition to the documents specified in Section 2.1 and 2.2 certain official authorisations etc. must be obtained under the laws of the Republic of COUNTRY:]
2.3 For the execution and performance of the Loan Agreement by the Borrower (including without limitation the obtaining and transfer to KfW of all amounts due thereunder in the currencies specified therein), the following official approvals, authorisations, licenses, registrations and / or consents have been obtained and are in full force and effect:
(a) Approval of the [Central Bank / National Bank / ], dated , No ;
(b) Consent of the [Minister / Ministry of ], dated , No ; and
(c) [please list any other official authorisations, licenses and / or consents]. No other official authorisations, consents, licenses, registrations and / or approvals of any governmental authority or agency (including the Central / National Bank of the Republic of COUNTRY) or court are required or advisable in connection with the execution and performance of the Loan Agreement by the Borrower (including without limitation the obtaining and t...
Opinion. For the purposes of Article …. of the Loan Agreement, I am of the opinion that under the laws of The Republic of Serbia at the date hereof:
2.1 According to Article . . . . of the Constitution / Article . . . . of the law on . . . .
(a) Law(s) No(s). . . . . . . . dated of the parliament of The Republic of . . . [please insert as appropriate];
(b) Resolution(s) No(s). . . . . . . . dated of the Cabinet of Ministers / of the state loan committee / . . . . . . . . . . . . [please insert governmental or administrative bodies of Republic of Serbia as appropriate];
(c) [please refer to other resolutions, decisions etc.].
2.2 Ms./Mr. . . . . . . . . . . . . . . . . . . . . . . . (and Ms./Mr. . . . . . . . . . . . . . . . . . . . . . .
Opinion. For the purposes of Article ___of the Loan Agreement, I am of the opinion that under the laws of the Republic of COUNTRY at the date hereof:
2.1 According to Article __of the Constitution / Article ___of the law on [please specify as appropriate] the Borrower is entitled to enter into the Loan Agreement and has taken all necessary action to authorise the execution, delivery and performance of the Loan Agreement, in particular by virtue of:
(a) Law(s) No(s) _____dated ____of the parliament of the Republic of COUNTRY, ratifying the Loan Agreement / approving the execution, delivery and performance of the Loan Agreement by the Borrower / [please insert as appropriate];
(b) Resolution(s) No(s) ____dated _____of the Cabinet of Ministers / of the state loan committee / [please insert governmental or administrative bodies of COUNTRY as appropriate];
(c) [please refer to other resolutions, decisions etc.].
2.2 Ms./Mr. _________(and Ms./Mr.__________ ) is (are) duly authorised by [e.g. by law due to her / his position (as Minister of ______/ as _______), by government resolution ________, by power of attorney of ________dated , etc.] to sign solely / jointly the Loan Agreement on behalf of the Borrower. The Loan Agreement as signed by Ms./Mr. ________(and Ms./Mr. ________) has been duly executed on behalf of the Borrower and constitutes legally binding obligations of the Borrower enforceable against it at law in accordance with its terms.
2.3 For the execution and performance of the Loan Agreement by the Borrower (including without limitation the obtaining and transfer to KfW of all amounts due thereunder in the currencies specified therein), the following official approvals, authorisations, licenses, registrations and / or consents have been obtained and are in full force and effect:
(a) Approval of the ________[Central Bank / National Bank /________ ], dated ______, No _____;
(b) Consent of the ___________[Minister / Ministry of __________], dated , No _____; and
(c) [please list any other official authorisations, licenses and / or consents]. No other official authorisations, consents, licenses, registrations and / or approvals of any governmental authority or agency (including the Central / National Bank of the Republic of COUNTRY) or court are required or advisable in connection with the execution and performance of the Loan Agreement by the Borrower (including without limitation the obtaining and transfer to KfW of all amounts due thereunder in the currencies ...
Opinion. Pursuant to Article 63(4) of the financial framework partnership agreement In my opinion, and based on the audit work performed: – the expenditure included in the final statement of expenditure and in the final request for payment is legal and regular, – the final request for payment is valid, – the financial information presented is accurate. In my opinion, and based on the audit work performed: – the expenditure included in the final statement of expenditure and in the final request for payment is legal and regular, – the final request for payment is valid, – the financial information presented is accurate except for the following aspects2:………………………………….………………………. The impact of the qualification is limited [or significant] and corresponds to …… [amount in EUR and %] of the total expenditure included in the final statement of expenditure and the final request for payment. The Community contribution affected is thus … [amount in EUR]. In my opinion, and based on the audit work performed: – the expenditure included in the final statement of expenditure and in the final request for payment is not legal and regular, and/or – the final request for payment is not valid, and/or – the financial information presented is not accurate. This adverse opinion is based on the following aspects3:………………………………. 2 In case the management and control systems are affected, the body or bodies and the aspect(s) of their systems that did not comply with requirements and/or did not function properly shall be identified in the opinion, except where this information is already clearly disclosed in the final audit activity report and the opinion paragraph refers to the specific section(s) of this report where such information is disclosed.
Opinion. Either Or Or