Reallocation Procedure Примери клазула

Reallocation Procedure. (a) Prior to 3 (three) months before the Final Availability Date, the Borrower, acting through the MoME, may, by written request (co-signed with the Promoter) to the Bank, which request shall include also the reasons of the request of the Borrower and the Promoter, propose to reallocate in accordance with the provisions of this Article 1.10 any part of the Loan Outstanding which has been allocated but not spent on a Sub-Project, or not made available in full, directly or indirectly, by the Borrower and/or the Promoter. (b) The Bank may, in its discretion, accept the Borrower's acting through the MoME (as co-signed with the Promoter) proposal for reallocation and reallocate any portion of the Loan Outstanding in accordance with the provisions of Article 1.10 and shall inform the Borrower and the Promoter thereof by e-mail within 30 (thirty) days after the receipt of the Borrower's Sub- Project fiche along with the proposal for reallocation. Reallocated amounts will be included in the Allocation Letter indicated in Article 1.9.B. (c) If the reallocation is not possible or possible only in part, the Borrower, acting through the MoME, after receiving the notice from the Bank, shall in accordance with Article 4.3, prepay immediately to the Bank the part of the Loan Outstanding which has been disbursed by the Bank subject to the original allocation. (d) Upon the Bank’s written request, the Borrower, acting through the MoME, and the Promoter shall propose to reallocate any part of the Loan Outstanding which has been allocated, in accordance with the procedures described in Article 1.9, in relation to a Sub-Project if such Sub-Project, in the opinion of the Bank, is ineligible for financing by the Bank under the Bank’s Statute, policies or guidelines or under Article 309 of the Treaty on the Functioning of the European Union or if the Sub-Project no longer complies with the requirements of this Contract. If within the timeframe provided for in the Bank’s written request the Borrower fails to replace such Sub-Project, the Borrower shall repay all or part of the Loan Outstanding in accordance with Article 4.3 of this Contract. 2.1 Amount of Loan 2.2 Currency of payments 2.3 Confirmation by the Bank 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches