Prior to the date following 6 (six) months after the Allocation Period, the Borrower (through the Promoter or the Implementing Entity) may, by written request (prepared by it or by the Implementing Entity) to the Bank, including the reasons for the request, 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 Implementing Entity.

The Bank may, in its discretion, accept the Borrower's (through the Promoter or Implementing Entity) 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 Implementing Entity, as the case may be, thereof by e-mail within 30 (thirty) days after the receipt of the Borrower's (through the Promoter or the Implementing Entity) Sub-Project fiche along with the proposal for reallocation. Reallocated amounts will be included in the Allocation Letter indicated in

Article 1.9.B

.

If the reallocation is not possible or possible only in part, the Borrower, 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.

Upon the Bank’s written request, the Borrower (through the Promoter or the Implementing Entity), 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 (through the Promoter or the Implementing Entity) 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.