Conditions of Each Disbursement Sample Clauses

Conditions of Each Disbursement. The obligation of each Lender to make or participate in each Disbursement under any Facility is subject to the further conditions precedent that, on the date of the relevant Drawdown Request and on the proposed Disbursement Date, the conditions listed in Part 2 of Schedule 2 (Conditions of All Disbursements) have been:

Conditions of Each Disbursement. The obligation of IFC to make each Disbursement is also subject to the conditions that: 56 (a) no Event of Default and no Potential Event of Default has occurred and is continuing, and no default by the Borrower of any material obligation under the Joint Operating Agreement or the Concession Agreement has occurred and is continuing; (b) since the date of this Agreement, nothing has occurred which could reasonably be expected to have a Material Adverse Effect; (c) the proceeds of such Disbursement are, at the date of the relevant request, needed by the Borrower for the purpose of the Project (including the repayment of the advances referred to in Section 6.01 (b)), or will be needed for that purpose within three months of such date; (d) the Borrower has performed aft of its obligations due to be performed under each Transaction Document to which it is a party due to be performed prior to such Disbursement; (e) the representations and warranties confirmed or made by the Borrower in Article IV are true in all material respects on and as of the date of such Disbursement with the same effect as if such representations and warranties had been made on and as of the date of such Disbursement (but in the case of Section 4.02 (d), without the words in parenthesis) except to the extent that any such representation or warranty is no longer accurate because of a matter that IFC has expressly approved in writing pursuant to the provisions of Section 6.01 or 6.03; (f) IFC has received a Guarantor Disbursement Certificate, substantially in the form of Schedule 5, duly completed and signed on behalf of Phoenix Resource by an Authorized Person of Phoenix Resource; (g) the proceeds of such Disbursement are not in reimbursement of, or to be used for, expenditures in the territories of any country which is not a member of IFC or the World Bank or for goods produced in or services supplied from any such country; (h) after giving effect to such Disbursement, the Borrower is not in violation of: (i) its Certificate of Incorporation or By-laws; or 57 - 52 - (ii) any applicable law, rule or regulation directly or indirectly limiting or otherwise restricting the Borrower's borrowing power or authority or its ability to borrow; (i) the Borrower has the authority to borrow the amount requested to be disbursed and such amount is within the Borrower's available borrowing power; and (j) after giving effect to such Disbursement, the aggregate amount of the Borrower's contributed share of ...

Conditions of Each Disbursement. After the following conditions are met, each Lender shall disburse the proceeds of each Loan through the Agent in accordance with its Participation Proportion and pursuant to Article 8.1 (Disbursement) of this Contract: 1. On the scheduled Disbursement Date of each Loan, all representations made by the Borrower in Article 13 (Representation) of this Contract remains true and accurate by reference to the facts and circumstances then existing.