Common use of Credit Availability Clause in Contracts

Credit Availability. The credit shall be made available to the BENEFICIARY, in installments, upon satisfaction of the release conditions referred to in Section Twelve (Financial Cooperation Release Conditions), according to the needs for the execution of the financed project, subject to the BNDES financial schedule, which is subordinated to the definition of funds for its investments by the National Monetary Council.

Credit Availability. The credit shall be made available to the BENEFICIARY, in installments, upon satisfaction of the release conditions referred to in Section Twelve (Financial Cooperation Release Conditions)Twelve, according to the needs for the execution of the financed project, subject to the BNDES financial schedule, which is subordinated to the definition of funds for its investments by the National Monetary Council.

Credit Availability. The credit shall be made available to the BENEFICIARY, in installments, upon satisfaction of the release conditions precedent for use referred to in Section Twelve (Financial Cooperation Release Conditions)Twelve, according to the needs for the execution of the financed project, subject to the BNDES financial schedule, which is subordinated to the definition of funds for its investments by the National Monetary Council.

Credit Availability. The credit shall be made available to the BENEFICIARY, BENEFICIARY in installments, upon satisfaction of installments after complying with the release utilization conditions precedent referred to in Section Twelve (Financial Cooperation Release Conditions)Clause Twelve, according due to the needs for the execution of to carry out the financed projectproject respecting BNDES’s financial program, which is subject to the BNDES financial schedule, which is subordinated to the definition determination of funds for its investments applications by the National Monetary CouncilBoard.