Examples of Single Withdrawal Tranche in a sentence
No withdrawal shall be made of the Single Withdrawal Tranche unless the Bank is satisfied, based on evidence satisfactory to it, that (i) a proclamation declaring a State of Calamity has been issued by the Borrower’s President due to an imminent or occurring natural catastrophe and/or a public health emergency; and/or (ii) a proclamation declaring a State of Public Health Emergency has been issued by the Borrower’s President due to a public health emergency.