Examples of Original Disbursement Period in a sentence
The Borrower shall not be required to cover the Bank's expenses for general inspection and supervision, unless the Bank establishes otherwise during the Original Disbursement Period as a consequence of its periodic review of financial charges for ordinary capital loans, and notifies the Borrower accordingly.
In no case may the Bank charge for a specific semester more than the result ofapplying one percent (1%) of the Loan amount divided by the number of semesters comprising the Original Disbursement Period.
The Borrower may request to the Bank, and the Bank may accept, that this Loan be eligible for the Principal Payment Option after it has entered into effect and up to sixty (60) days prior to the expiration of the Original Disbursement Period.
The Original Disbursement Period will be six (6) years from the effective date of this Contract.
Unless the Bank agrees othe1wise, the last disbursement request shall be presented to the Bank no later than thirty (30) days in advance of the expiration date of the Original Disbursement Period or any extension thereof.
The Borrower shall: (i) prepare an annual maintenance plan; and (ii) present to the Bank a report on the status of said works and equipment and an annual maintenance plan for that year, during the Program Original Disbursement Period and any extensions thereof and within the first quarter of each calendar year.
Any extension of the Original Disbursement Period shall be subject to the provisions of Article 3.02(g) of the General Conditions.
Upon expiration of the Original Disbursement Period and any extension thereof, any portion of the Loan not committed or disbursed shall automatically be cancelled.