Form of Credit facility to Banks - Agence Française de Développement
Form of Credit facility to Banks - Agence Française de Développement
Form of Credit facility to Banks - Agence Française de Développement
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The invalidity <strong>of</strong> a provision un<strong>de</strong>r any law <strong>of</strong> a country shall not affect its validity un<strong>de</strong>r the<br />
law <strong>of</strong> another country.<br />
15.4 No Waiver<br />
The Len<strong>de</strong>r shall not be consi<strong>de</strong>red <strong>to</strong> waive a right pursuant <strong>to</strong> this Agreement due <strong>to</strong> the fact<br />
that it postponed the exercise <strong>of</strong>, or did not exercise, any <strong>of</strong> its rights hereun<strong>de</strong>r.<br />
The partial exercise <strong>of</strong> a right shall not be consi<strong>de</strong>red as an impediment <strong>to</strong> either its later<br />
exercise or more generally the exercise <strong>of</strong> rights and claims by law.<br />
The rights and claims set forth in this Agreement are cumulative and non exclusive <strong>of</strong> the rights<br />
and claims provi<strong>de</strong>d by law.<br />
15.5 Assignment<br />
The Borrower may not assign, ce<strong>de</strong>, <strong>de</strong>legate or transfer, in any manner whatsoever, all or part<br />
<strong>of</strong> its rights and/or obligations un<strong>de</strong>r the Agreement without the prior written consent <strong>of</strong> the<br />
Len<strong>de</strong>r.<br />
The Len<strong>de</strong>r may assign, ce<strong>de</strong>, <strong>de</strong>legate or transfer <strong>to</strong> any third party its rights and/or obligations<br />
un<strong>de</strong>r the Agreement and enter in<strong>to</strong> any sub-participation agreement relating there<strong>to</strong>.<br />
15.6 Legal Value<br />
The Schedules here<strong>to</strong> and the recitals here<strong>of</strong> form part <strong>of</strong> this Agreement and have the same<br />
legal value.<br />
15.7 Cancellation <strong>of</strong> the Preceding Agreements<br />
As from the Signing Date, the Agreement represents the entire agreement between the Parties<br />
relating <strong>to</strong> the subject matter here<strong>of</strong>, and superse<strong>de</strong>s and replaces all previous documents,<br />
agreements or un<strong>de</strong>rstandings which may have been exchanged or communicated as part <strong>of</strong> the<br />
negotiation <strong>of</strong> the Agreement.<br />
15.8 Amendment<br />
No provision <strong>of</strong> the Agreement shall be amen<strong>de</strong>d, unless such amendment shall be expressly<br />
agreed in writing between the Parties.<br />
15.9 Disclosure <strong>of</strong> Information<br />
Notwithstanding any existing confi<strong>de</strong>ntiality agreement, the Len<strong>de</strong>r may disclose all<br />
information or document in relation <strong>to</strong> the Project (i) <strong>to</strong> its audi<strong>to</strong>rs, counsels, rating agencies,<br />
(ii) <strong>to</strong> any person or entity <strong>to</strong> whom the Len<strong>de</strong>r expects <strong>to</strong> assign or transfer all or part <strong>of</strong> its<br />
rights and obligations un<strong>de</strong>r the Agreement and (iii) <strong>to</strong> any person or entity for the purpose <strong>of</strong><br />
taking any protective measures or protecting the rights <strong>of</strong> the Len<strong>de</strong>r un<strong>de</strong>r the Agreement.<br />
16. NOTICES<br />
16.1 Written Notices<br />
Any notice, request or other communication <strong>to</strong> be given or ma<strong>de</strong> un<strong>de</strong>r this Agreement or<br />
relating <strong>to</strong> it shall be ma<strong>de</strong> in writing and, unless provi<strong>de</strong>d <strong>to</strong> the contrary herein, any such<br />
communication shall be <strong>de</strong>livered by facsimile or by letter <strong>to</strong> the Party’s following address and<br />
number:<br />
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