Zakon o potvrđivanju Ugovora o kreditnom aranžmanu br. CRS 1029 01 N između Francuske agencije za razvoj i Republike Srbije

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Član 2.4 Zakon o potvrđivanju Ugovora o kreditnom aranžmanu br. CRS 1029 01 N između Francuske agencije za razvoj i Republike Srbije – Conditions precedent

Section2.4

Conditions precedent

a)
No later than the Signing Date, the Borrower shall provide to the Lender all of the documents set out in Part I of Schedule 4 (Conditions Precedent).
b)
A Drawdown Request may not be delivered to the Lender unless:
i)
in the case of the first Drawdown, all the conditions set out in Part III and/or IV of Schedule 4 (Conditions Precedent) as the case may be, and the Lender has notified the Borrower that such conditions are satisfactory in form and substance;
ii)
in the case of any subsequent Drawdown, all the conditions set out in Part IV of Schedule 4 (Conditions precedent) and the Lender has notified the Borrower that such conditions are satisfactory in form and substance;
iii)
on the date of the Drawdown Request and on the proposed Drawdown Date for the relevant Drawdown, no Payment Systems Disruption Event has occurred and the conditions set out in this Agreement have been fulfilled, including:
(1)
no Event of Default or mandatory prepayment event is continuing or would result from the proposed Drawdown;
(2)
no Co-Financier has suspended its payments in relation to the Project;
(3)
the Borrower is up-to-date with all its payment obligations, including fees and commissions due under the Agreement;
(4)
the Drawdown Request has been made in accordance with the terms of (Drawdown request)
(5)
each representation given by the Borrower in relation to Clause 10 (Representations and Warranties) is true.
3 DRAWDOWN OF FUNDS