General Conditions for all Advances. Without prejudice to the additional requirements set out in Clause 3.2 (Further Conditions for Advances), it is a precondition to any Advance being made by the Lenders to the Borrower that: (a) the proposed Drawdown Date is a Business Day which is or precedes the applicable Final Availability Date; (b) on and as of the proposed Drawdown Date (a) no Event of Default or Potential Event of Default has occurred and is continuing (nor will any such event thereby occur as a result of the making of such Advance as requested) and (b) the Repeated Representations and Warranties are true in all respects; and (c) no event has occurred which will or may result in the ECA-Guarantor (or any agent thereof) refusing to allow disbursements to be made under this Agreement or otherwise terminating the cover provided or to be issued by the Hermes Guarantee in whole or part.
Appears in 2 contracts
Sources: Facility Agreement (First Solar, Inc.), Facility Agreement (First Solar, Inc.)