Administration of Loan. The general administration of the Loans ---------------------- shall be by Administrative Agent and shall be governed by the provisions set forth in Exhibit C attached hereto and incorporated herein by reference.
Administration of Loan. NOTWITHSTANDING ANY LANGUAGE IN THIS AGREEMENT SEEMINGLY TO THE CONTRARY, BORROWER SHALL NOT BE ENTITLED TO ANY DISBURSEMENT OF LOAN PROCEEDS HEREUNDER UNLESS AND UNTIL BORROWER HAS SATISFIED ALL OF THE CONDITIONS OF LENDING SET FORTH THIS AGREEMENT. LENDER SHALL MAKE DISBURSEMENTS UNDER THE LOAN IN THE FOLLOWING MANNER:
Administration of Loan. For each loan:
Administration of Loan. Subject always to the limitations of Administrative Agent's liability, as set forth in Sections 7.11 and 12 hereof:
Administration of Loan. (1) The Borrower shall authorize Ministry of Public Works and Highways {hereinafter referred to as "the Executing Agency") to implement the Project.
Administration of Loan. 5. Exemption from Import Restriction
Administration of Loan. Notwithstanding any language in this Agreement seemingly to the contrary, Borrower shall not be entitled to any disbursement of Loan proceeds hereunder unless and until Borrower has satisfied all of the conditions of lending set forth in paragraph 5 of this Agreement, including paragraph 5.19. Upon satisfaction of such conditions of lending to the satisfaction of Lender, Lender will make Loan disbursements up to the principal amount of the Loan provided that (i) Lender’s Construction Consultant shall have completed periodic inspection(s) of the Construction Project and shall have advised Lender in writing that work to date on the Construction Project is satisfactory, (ii) there is no uncured Event of Default under any of the Loan Documents, and (iii) all of the other requirements set forth in this Loan Agreement for advancement of loan proceeds are satisfied. Subject to all of the terms, conditions and provisions of this Agreement, Lender shall make disbursements under the Loan in the following manner:
Administration of Loan. Only upon the unanimous consent of each Lender may the Agent (i) agree to any modification of any of the terms of the Credit Documents or any other agreement or instrument evidencing or securing this Loan; (ii) waive any of such terms or give or withhold consents or approvals to any actions or failure to act by the Borrower; (iii) reduce the principal of or the interest rate or extend the stated maturity of the Loan (other than pursuant to the exercise of Borrower’s rights under Section 2.5); (iv) agree upon any extension, modification, refinancing, refunding, assumption or other restructuring of the Loan.
Administration of Loan. (1) The Borrower shall authorize National Power Corporation and Philippine National Oil Company-Energy Development Corporation (hereinafter referred to as "the Executing Agencies") to implement the Project.
Administration of Loan. Section 5 Exemption from Import Restriction Section 6 Notices and Requests Schedule 1 Description of Project Schedule 2 Allocation of Proceeds of Loan Schedule 3 Amortization Schedule Schedule 4 General Terms and Conditions Schedule 5 Procurement Procedure Schedule 6 Commitment Procedure (III) Schedule 7 Reimbursement Procedure Schedule 8 Transfer Procedure Loan Agreement No. PH-P58, dated September 9, 1983, between THE OVERSEAS ECONOMIC COOPERATION FUND and THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES Taking into consideration the contents of the Exchange of Notes between the Government of Japan and the Government of the Republic of the Philippines dated July 18, 1983, concerning Japanese financial assistance to be extended to the Republic of the Philippines, THE OVERSEAS ECONOMIC COOPERATION FUND (hereinafter referred to as "the Fund") and THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES (hereinafter referred to as "the Borrower") herewith conclude the following Loan Agreement (hereinafter referred to as "the Loan Agreement", which includes all agreements supplemental (hereto).
