Zakon o potvrđivanju Finansijskog ugovora Železnička pruga Niš - Dimitrovgrad B između Republike Srbije i Evropske investicione banke

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Član 1.4.B Zakon o potvrđivanju Finansijskog ugovora Železnička pruga Niš - Dimitrovgrad B između Republike Srbije i Evropske investicione banke – All Tranches

Section1.4.B

All Tranches

The disbursement of each Tranche under , including the first, is subject to the following conditions:
a)
that the Bank is satisfied, on or before the date falling 6 (six) Business Days before the Scheduled Disbursement Date for the proposed Tranche, that the conditions set out in the article 3(c) of the amended and restated Project Implementation Agreement have been provided and fulfilled;
b)
that the Bank has received, in form and substance satisfactory to it, on or before the date falling 6 (six) Business Days before the Scheduled Disbursement Date (and, in the case of deferment under , the Requested Deferred Disbursement Date or the Agreed Deferred Disbursement Date, respectively) for the proposed Tranche, of the following documents or evidence:
(i)
a certificate from the Borrower in the form of Schedule E.1 signed by an authorised representative of the Borrower and dated no earlier than the date falling 15 (fifteen) Business Days before the Scheduled Disbursement Date (and, in the case of deferment under , the Requested Deferred Disbursement Date or the Agreed Deferred Disbursement Date, respectively);
(ii)
a copy of any other authorisation or other document, opinion or assurance which the Bank has notified the Borrower is necessary or desirable in connection with the entry into and performance of, and the transactions contemplated by, this Contract or the amended and restated Project Implementation Agreement or the legality, validity, binding effect or enforceability of the same; and
c)
that on the Scheduled Disbursement Date (and, in the case of deferment under , on the Requested Deferred Disbursement Date or the Agreed Deferred Disbursement Date, respectively) for the proposed Tranche:
(i)
the representations and warranties which are repeated pursuant to are correct in all respects; and
(ii)
no event or circumstance which constitutes or would with the passage of time or the giving of notice or the making of any determination under this Contract (or any combination of the foregoing) constitute:
(1)
an Event of Default; or
(2)
a Prepayment Event,
has occurred and is continuing unremedied or unwaived or would result from the disbursement of the proposed Tranche.