Form of Credit facility to Banks - Agence Française de Développement

3. DRAWDOWN OF FUNDS
3.1 Drawdown Amount
The Facility will be made available to the Borrower during the Drawdown Period, within the
limits of the Available Credit, in one or several Drawdowns.
Each Drawdown shall be equal to at least [●insert amount in words] Euros (EUR [●]) or to the
Available Credit if such amount is inferior to [●insert amount in words] Euros (EUR [●]).
3.2 Drawdown Request
Subject to the conditions set forth in Clause 2.3 (Conditions of Utilisation) being fulfilled, the
Borrower may draw on the Facility upon delivery to the Lender of a duly completed Drawdown
Request letter. Each Drawdown Request letter shall be sent by the Borrower to the Lender’s
local office (to the attention of the Director of the Lender’s local office) at the address set out in
Clause 16 (Notices).
Each Drawdown Request is irrevocable and shall only be deemed valid if:
(i) it is substantially in the form attached as Schedule 5A (Form of Drawdown Request
letter);
(ii) it is submitted to and received by the Lender no later than fifteen (15) Business Days
prior to the Deadline for Drawdown;
(iii) it is submitted together with all necessary documents, including supporting
documents, in compliance with the provisions of Clause 3.4 (Payment Mechanics);
and
(iv) in accordance with the Agreement, the Borrower has obtained Drawing Rights for an
amount at least equal to the requested Drawdown Amount 2 .
3.3 Payment Completion
If all the conditions set out herein are satisfied, the Lender shall make available to the Borrower
the requested Drawdown.
The Lender shall promptly address to the Borrower a Drawdown Confirmation Letter
substantially in the form attached as Schedule 5B (Form of Drawdown Confirmation letter).
2 A supprimer en cas d’option A (Versements sous forme d’avances).
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