Common use of Allocation Procedure Clause in Contracts

Allocation Procedure. 1.9A Allocation Requests Between the Date of Effectiveness and 3 (three) months prior to the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, the Borrower shall procure that the Promoter shall submit for approval of the Bank one or more allocation requests (each an "Allocation Request") in line with the progress of disbursements. If the Promoter has not delivered by 3 (three) months prior to the Final Availability Date an Allocation Request, the Bank may cancel the Credit. All the schemes must be co-financed by at least two sources of funds, including the Loan (e.g. State Funds, EU Funds). Each scheme to be allocated under this Contract will be subject to separate ad hoc appraisal by the Bank. 1.9B Allocation Following such examination of a scheme as the Bank deems necessary, the Bank shall, at its discretion, either approve or decline the relevant Allocation Request and advise the Promoter of its decision. The Bank reserves the right to review the allocation procedures in view of the development of the Project. In the event of approval the Bank shall issue to the Promoter a letter ( a "Letter of Allocation") specifying the portion of the Credit ( an "Allocation") allocated to the eligible scheme in question. The individual schemes shall be subject to approval of the Bank before allocation of the loan’s funds to the scheme. For this purpose, the Promoter shall provide relevant information. The nature and extent of the information shall be at the discretion of the Bank. In particular, the Promoter shall provide to the Bank the following documents for scheme proposed for allocation and considering its cumulative effects: (a) for the schemes requiring an Environmental and Social Impact Assessment (ESIA) due to national legislation or the Environmental and Social Standards, the ESIA report, environmental consent issued by the competent authority and evidence that a public consultation took place. (b) for the schemes in respect of which the relevant national competent authorities have concluded that an Environmental Impact Assessment (EIA) is not required, information as per ▇▇▇▇▇ ▇▇.A of the EIA Directive and the screening out decision. (c) evidence of absence of significant impacts on protected sites. (d) analysis of vulnerability to climate change. (e) for the schemes requiring resettlement, the Resettlement Action Plan (RAP). 1.9C Re-allocation If the Promoter would like to reallocate any scheme already included in an allocation, they shall provide the Bank with appropriate information about the new schemes, in accordance with the format and instructions given above, subject to the Bank’s due diligence and approval. If the Promoter does not request a re-allocation the Borrower shall prepay the Loan in accordance with Article 4.2B. 1.9D EIB Allocation Report a) The Borrower shall procure that the Promoter shall establish and maintain an internal reporting system for the monitoring of the Allocations (the "EIB Allocation Report"); b) The Borrower shall procure that the Promoter shall provide the Bank with the EIB Allocation Report including information on all Projects to which allocations have been made under this Contract at the Bank’s request. 2.1 Amount of Loan 2.2 Currency of payments 2.3 Confirmation by the Bank 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches

Allocation Procedure. 1.9A Allocation Requests Between the Date date of Effectiveness this Contract and 3 (three) months prior to the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, the Borrower shall procure that the Promoter shall submit for approval of the Bank one or more allocation requests (each an "‘‘Allocation Request"’’) in line with the progress of disbursements. If the Promoter has not delivered by 3 (three) months prior to the Final Availability Date an Allocation Request, the Bank may cancel the Credit. All the schemes must be co-financed by at least two sources of funds, including the Loan (e.g. State Funds, EU Funds). Each For each scheme to be allocated allocated, the Promoter will send ex-ante a completed allocation request, in accordance with the Project Fiche under this Contract Schedule F and subject to the Bank’s approval. The allocation request will be subject to separate ad hoc appraisal accompanied by the Bank. additional project documents as specified in A.1 of Schedule A and Schedule F; 1.9B Allocation Following such examination of a scheme project as the Bank deems necessary, the Bank shall, at its discretion, either approve or decline the relevant Allocation Request and advise the Promoter of its decision. In the event of approval the Bank shall issue to the Promoter a letter (hereinafter a ‘‘Letter of Allocation’’). The Bank reserves the right to review the allocation procedures in view of the development of the Project. In the event of approval the Bank shall issue to the Promoter a letter ( a "Letter of Allocation") specifying the portion of the Credit ( an "Allocation") allocated to the eligible scheme in question. The individual schemes shall be subject to approval of the Bank before allocation of the loan’s funds to the scheme. For this purpose, the Promoter shall provide relevant information. The nature and extent of the information shall be at the discretion of the Bank. In particular, the Promoter shall provide to the Bank the following documents for scheme proposed for allocation and considering its cumulative effects: (a) for the schemes requiring an Environmental and Social Impact Assessment (ESIA) due to national legislation or the Environmental and Social Standards, the ESIA report, environmental consent issued by the competent authority and evidence that a public consultation took place. (b) for the schemes in respect of which the relevant national competent authorities have concluded that an Environmental Impact Assessment (EIA) is not required, information as per ▇▇▇▇▇ ▇▇.A of the EIA Directive and the screening out decision. (c) evidence of absence of significant impacts on protected sites. (d) analysis of vulnerability to climate change. (e) for the schemes requiring resettlement, the Resettlement Action Plan (RAP). 1.9C Re-allocation If the Promoter would like to reallocate any scheme already included in an allocation, they shall provide the Bank with appropriate information about the new schemes, in accordance with the format and instructions given above, subject to the Bank’s due diligence and approval. If the Promoter does not request a re-allocation the Borrower shall prepay the Loan in accordance with Article 4.2B. 1.9D EIB Allocation Report (a) The Borrower shall procure that the Promoter shall establish and maintain an internal reporting system for the monitoring of the Allocations (the "“EIB Allocation Report"”);; and (b) The Borrower shall procure that the Promoter shall provide the Bank with the EIB Allocation Report including information on all Projects to which allocations have been made under this Contract at the Bank’s request. 2.1 Amount of Loan 2.2 Currency of paymentsrepayment, interest and other charges 2.3 Confirmation by the Bank 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches

Allocation Procedure. 1.9A Allocation Requests Between the Date of Effectiveness and 3 (three) months prior to the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, the Borrower shall procure that the Promoter shall submit for approval of the Bank one or more allocation requests (each an "“Allocation Request"”) in line with the progress of disbursements. If the Promoter has not delivered by 3 (three) months prior to the Final Availability Date an Allocation Request, the Bank may cancel the Credit. All the schemes must be co-financed by at least two sources of funds, including the Loan (e.g. State Funds, EU Funds). Each scheme to be allocated under this Contract will be subject to separate ad hoc appraisal by the Bank. 1.9B Allocation Following such examination of a scheme as the Bank deems necessary, the Bank shall, at its discretion, either approve or decline the relevant Allocation Request and advise the Promoter of its decision. The Bank reserves the right to review the allocation procedures in view of the development of the Project. In the event of approval the Bank shall issue to the Promoter a letter ( a "“Letter of Allocation"”) specifying the portion of the Credit ( an "“Allocation"”) allocated to the eligible scheme in question. The individual schemes shall be subject to approval of the Bank before allocation of the loan’s funds to the scheme. For this purpose, the Promoter shall provide relevant information. The nature and extent of the information shall be at the discretion of the Bank. In particular, the Promoter shall provide to the Bank the following documents for scheme proposed for allocation and considering its cumulative effects: (a) for the schemes requiring an Environmental and Social Impact Assessment (ESIA) due to national legislation or the Environmental and Social Standards, the ESIA report, environmental consent issued by the competent authority and evidence that a public consultation took place. (b) for the schemes in respect of which the relevant national competent authorities have concluded that an Environmental Impact Assessment (EIA) is not required, information as per ▇▇▇▇▇ ▇▇.A of the EIA Directive and the screening out decision. (c) evidence of absence of significant impacts on protected sites. (d) analysis of vulnerability to climate change. (e) for the schemes requiring resettlement, the Resettlement Action Plan (RAP). 1.9C Re-allocation If the Promoter would like to reallocate any scheme already included in an allocation, they shall provide the Bank with appropriate information about the new schemes, in accordance with the format and instructions given above, subject to the Bank’s due diligence and approval. If the Promoter does not request a re-allocation the Borrower shall prepay the Loan in accordance with Article 4.2B. 1.9D EIB Allocation Report a) The Borrower shall procure that the Promoter shall establish and maintain an internal reporting system for the monitoring of the Allocations (the "“EIB Allocation Report"”); b) The Borrower shall procure that the Promoter shall provide the Bank with the EIB Allocation Report including information on all Projects to which allocations have been made under this Contract at the Bank’s request. 2.1 Amount of Loan 2.2 Currency of payments 2.3 Confirmation by the BankBank ARTICLE 3 Interest 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches

Allocation Procedure. 1.9A Allocation Requests Between the Date date of Effectiveness this Contract and 3 (three) months prior to the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, the Borrower shall procure that the Promoter shall submit for approval of the Bank one or more allocation requests (each an "‘‘Allocation Request"’’) in line with the progress of disbursements. If the Promoter has not delivered by 3 (three) months prior to the Final Availability Date an Allocation Request, the Bank may cancel the Credit. All the schemes must be co-financed by at least two sources of funds, including the Loan (e.g. State Funds, EU Funds). Each For each scheme to be allocated allocated, the Promoter will send ex-ante a completed allocation request, in accordance with the Project Fiche under this Contract Schedule F and subject to the Bank’s approval. The allocation request will be subject to separate ad hoc appraisal accompanied by the Bank. additional project documents as specified in A.1 of Schedule A and Schedule F; 1.9B Allocation Following such examination of a scheme project as the Bank deems necessary, the Bank shall, at its discretion, either approve or decline the relevant Allocation Request and advise the Promoter of its decision. In the event of approval the Bank shall issue to the Promoter a letter (hereinafter a ‘‘Letter of Allocation’’). The Bank reserves the right to review the allocation procedures in view of the development of the Project. In the event of approval the Bank shall issue to the Promoter a letter ( a "Letter of Allocation") specifying the portion of the Credit ( an "Allocation") allocated to the eligible scheme in question. The individual schemes shall be subject to approval of the Bank before allocation of the loan’s funds to the scheme. For this purpose, the Promoter shall provide relevant information. The nature and extent of the information shall be at the discretion of the Bank. In particular, the Promoter shall provide to the Bank the following documents for scheme proposed for allocation and considering its cumulative effects: (a) for the schemes requiring an Environmental and Social Impact Assessment (ESIA) due to national legislation or the Environmental and Social Standards, the ESIA report, environmental consent issued by the competent authority and evidence that a public consultation took place. (b) for the schemes in respect of which the relevant national competent authorities have concluded that an Environmental Impact Assessment (EIA) is not required, information as per ▇▇▇▇▇ ▇▇.A of the EIA Directive and the screening out decision. (c) evidence of absence of significant impacts on protected sites. (d) analysis of vulnerability to climate change. (e) for the schemes requiring resettlement, the Resettlement Action Plan (RAP). 1.9C Re-allocation If the Promoter would like to reallocate any scheme already included in an allocation, they shall provide the Bank with appropriate information about the new schemes, in accordance with the format and instructions given above, subject to the Bank’s due diligence and approval. If the Promoter does not request a re-allocation the Borrower shall prepay the Loan in accordance with Article 4.2B. 1.9D EIB Allocation Report a) The Borrower shall procure that the Promoter shall establish and maintain an internal reporting system for the monitoring of the Allocations (the "“EIB Allocation Report"”);; and b) The Borrower shall procure that the Promoter shall provide the Bank with the EIB Allocation Report including information on all Projects to which allocations have been made under this Contract at the Bank’s request. 2.1 Amount of Loan 2.2 Currency of paymentsrepayment, interest and other charges 2.3 Confirmation by the Bank 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches

Allocation Procedure. 1.9A Allocation Requests Between the Effectiveness Date of Effectiveness this Contract and 3 the Allocation Date (three) months prior to as defined in the Final Availability DateTechnical Side Letter), and unless otherwise specifically agreed to in writing by the Bank, the Borrower shall procure that the Promoter shall submit for approval of the Bank one or more allocation requests (each an "“Allocation Request"”) in line with the progress of disbursements. If The Loan may solely be allocated to schemes identified as eligible for financing in the Technical Description. In order for a scheme to qualify for financing hereunder, the Promoter has not delivered by 3 must comply with the allocation procedure modulated according to scheme size in line with applicable framework loan procedures, as set out in this Article 1.9 and in Annex I of the Technical Side Letter (three) months prior to the Final Availability Date an “Allocation Request, the Bank may cancel the Credit. All the schemes must be co-financed by at least two sources of funds, including the Loan (e.g. State Funds, EU FundsProcedure”). Each The Promoter shall verify compliance with the relevant and applicable rules of EU and legislation of the Republic of Serbia, in particular in the fields of environment, social, state aid, public procurement and energy efficiency at the time of requesting scheme to be allocated under this Contract will be subject to separate ad hoc appraisal by the Bankallocation. 1.9B Allocation Following such examination of a scheme as the Bank deems necessary, the Bank shall, at its discretion, either approve or decline the relevant Allocation Request and advise the Promoter of its decision. In the event of approval the Bank shall issue to the Promoter a letter (a “Letter of Allocation”) specifying the portion of the Credit (an “Allocation”) allocated to the eligible scheme in question. The Bank reserves the right to review the allocation procedures in view of the development of the Project. In the event of approval the Bank shall issue to the Promoter a letter ( a "Letter of Allocation") specifying the portion of the Credit ( an "Allocation") allocated to the eligible scheme in question. The individual schemes shall be subject to approval of the Bank before allocation of the loan’s funds to the scheme. For this purpose, the Promoter shall provide relevant information. The nature and extent of the information shall be at the discretion of the Bank. In particular, the Promoter shall provide to the Bank the following documents for scheme proposed for allocation and considering its cumulative effects: (a) for the schemes requiring an Environmental and Social Impact Assessment (ESIA) due to national legislation or the Environmental and Social Standards, the ESIA report, environmental consent issued by the competent authority and evidence that a public consultation took place. (b) for the schemes in respect of which the relevant national competent authorities have concluded that an Environmental Impact Assessment (EIA) is not required, information as per ▇▇▇▇▇ ▇▇.A of the EIA Directive and the screening out decision. (c) evidence of absence of significant impacts on protected sites. (d) analysis of vulnerability to climate change. (e) for the schemes requiring resettlement, the Resettlement Action Plan (RAP). 1.9C Re-allocation If the Promoter would like to reallocate any scheme already included in an allocation, they shall provide the Bank with appropriate information about the new schemes, in accordance with the format and instructions given above, subject to the Bank’s due diligence and approval. If the Promoter does not request a re-allocation the Borrower shall prepay the Loan in accordance with Article 4.2B. 4.2.B. 1.9D EIB Allocation Report (a) The Borrower shall procure that the Promoter shall establish and maintain an internal reporting system for the monitoring of the Allocations (the "“EIB Allocation Report"”);. (b) The Borrower shall procure that the Promoter shall provide the Bank with the EIB Allocation Report including information on all Projects to which allocations have been made under this Contract at the Bank’s request. 2.1 Amount of Loan 2.2 Currency of payments 2.3 Confirmation by the BankBank ARTICLE 3 Interest 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches

Allocation Procedure. 1.9A Allocation Requests Between the Effectiveness Date of Effectiveness this Contract and 3 the Allocation Date (three) months prior to as defined in the Final Availability DateTechnical Side Letter), and unless otherwise specifically agreed to in writing by the Bank, the Borrower shall procure that the Promoter shall submit for approval of the Bank one or more allocation requests (each an "Allocation Request") in line with the progress of disbursements. If The Loan may solely be allocated to schemes identified as eligible for financing in the Technical Description. In order for a scheme to qualify for financing hereunder, the Promoter has not delivered by 3 must comply with the allocation procedure modulated according to scheme size in line with applicable framework loan procedures, as set out in this Article 1.9 and in Annex I of the Technical Side Letter (three) months prior to the Final Availability Date an "Allocation Request, the Bank may cancel the Credit. All the schemes must be co-financed by at least two sources of funds, including the Loan (e.g. State Funds, EU FundsProcedure"). Each The Promoter shall verify compliance with the relevant and applicable rules of EU and legislation of the Republic of Serbia, in particular in the fields of environment, social, state aid, public procurement and energy efficiency at the time of requesting scheme to be allocated under this Contract will be subject to separate ad hoc appraisal by the Bankallocation. 1.9B Allocation Following such examination of a scheme as the Bank deems necessary, the Bank shall, at its discretion, either approve or decline the relevant Allocation Request and advise the Promoter of its decision. In the event of approval the Bank shall issue to the Promoter a letter (a "Letter of Allocation") specifying the portion of the Credit (an "Allocation") allocated to the eligible scheme in question. The Bank reserves the right to review the allocation procedures in view of the development of the Project. In the event of approval the Bank shall issue to the Promoter a letter ( a "Letter of Allocation") specifying the portion of the Credit ( an "Allocation") allocated to the eligible scheme in question. The individual schemes shall be subject to approval of the Bank before allocation of the loan’s funds to the scheme. For this purpose, the Promoter shall provide relevant information. The nature and extent of the information shall be at the discretion of the Bank. In particular, the Promoter shall provide to the Bank the following documents for scheme proposed for allocation and considering its cumulative effects: (a) for the schemes requiring an Environmental and Social Impact Assessment (ESIA) due to national legislation or the Environmental and Social Standards, the ESIA report, environmental consent issued by the competent authority and evidence that a public consultation took place. (b) for the schemes in respect of which the relevant national competent authorities have concluded that an Environmental Impact Assessment (EIA) is not required, information as per ▇▇▇▇▇ ▇▇.A of the EIA Directive and the screening out decision. (c) evidence of absence of significant impacts on protected sites. (d) analysis of vulnerability to climate change. (e) for the schemes requiring resettlement, the Resettlement Action Plan (RAP). 1.9C Re-allocation If the Promoter would like to reallocate any scheme already included in an allocation, they shall provide the Bank with appropriate information about the new schemes, in accordance with the format and instructions given above, subject to the Bank’s due diligence and approval. If the Promoter does not request a re-allocation the Borrower shall prepay the Loan in accordance with Article 4.2B. 4.2.B. 1.9D EIB Allocation Report (a) The Borrower shall procure that the Promoter shall establish and maintain an internal reporting system for the monitoring of the Allocations (the "“EIB Allocation Report"”);. (b) The Borrower shall procure that the Promoter shall provide the Bank with the EIB Allocation Report including information on all Projects to which allocations have been made under this Contract at the Bank’s request. 2.1 Amount of Loan 2.2 Currency of payments 2.3 Confirmation by the Bank 3.1 Rate of interest 3.1.A Fixed Rate Tranches 3.1.B Floating Rate Tranches 3.1.C Revision or Conversion of Tranches