INSTALMENT LOAN 2 Sample Clauses

INSTALMENT LOAN 2. 1. Refresh certificates or, as the case may be confirmation and satisfactory evidence of continued compliance with the conditions precedent referred to in Part 1 of this Schedule at paragraphs 1,2,3, 18, 19, and 21. 2. Receipt of updated budgets and financial projections referred to in Part 1 of this Schedule at paragraph 14, and certificate from the Classification Society verifying that the construction milestones for the Instalment Loan 2 Utilisation Date specified under Clause 16.29 (Construction Milestones) has been met. 3. Confirmation from the Account Bank that the Owner has deposited in the Proceeds Account: (a) any Balancing Equity Contribution; and (b) the relevant Equity Contribution required under Clause 12.2(a)(i)(B), in respect of the Instalment Loan 2. 4. Confirmation, if applicable, that in the circumstances referred to in Clause 18.1 (Events of Default), following an event of insolvency in respect of the Builder, a replacement builder has been agreed by the Finance Parties and the Owner within three months of the date of such insolvency event. 5. Evidence that a Drilling Charter and a Sister Drilling Charter have been entered into under and in accordance with Clause 16.22 (Charters) 6. A certified copy of the invoice issued by the Builder in relation to the Instalment payable by the Owner on the Instalment Loan 2 Utilisation Date. 7. If a Drilling Charter has been entered into evidence from the Equity Account Bank that the required Equity Collateral has been placed in the Equity Account in accordance with Clause 12.2(a)(iii)(C). 8. If a Drilling Charter has been entered into, evidence from the Account Bank that the amount of US$25,000,000 has been paid into the Debt Service Reserve Account in accordance with Clause 12.8(a). 9. If a Drilling Charter has been entered into, an original of each of the following documents, notarised, legalised and/or apostilled as necessary, duly executed by the parties to it: (a) the Charterer Direct Agreement; (b) the Charter Assignment together with any notices; and (c) the Charterer Parent Guarantee (if any).