Section 6.1 The obligation of the Bank to make the Loan hereunder is subject to performance by the Borrower of all its obligations under this Agreement and to the fulfillment of the following conditions precedent in a manner satisfactory to the Bank on or before the date hereof:
(a) The Bank shall have received the duly executed Note in the principal amount of the Loan.
(b)The Bank shall have received the duly executed Guaranty, and such Guaranty shall be in form and substance satisfactory to the Bank.
(c)(1) The borrower shall have complied and shall then be in compliance with all the terms, covenants and conditions of this Agreement which are binding upon it, (2) both immediately prior to and at the completion of the borrowing there shall exist no Event of Default and no event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default, and (3) the representations and warranties contained in Article 5 shall be true with the same effect as though such representations and warranties had been made at the time of such borrowing.
(d) The Borrower and the Guarantor shall have received all necessary governmental approvals required to be obtained in connection with this Agreement, the Note and the Guaranty, including all necessary approvals, if any, for the borrowing hereunder, for the use of the proceeds thereof and for the schedule of repayment in Dollars of principal of, and interest on, the Note in accordance with the terms hereof and of the Guaranty and all other payments contemplated hereunder or thereunder or otherwise payable in connection with the transactions contemplated hereby, and such approvals shall be in full force and effect.
(e)The Bank shall have received a certified copy of a letter from the_______________(Central Bank) approving in principal the borrowing hereunder and the remittance of Dollars by the Borrower pursuant to this Agreement and the Note.
(f) The Bank shall have received certified copies of all corporate action taken by the Borrower and the Guarantor to authorize this Agreement, the Note, the Guaranty and the borrowing hereunder, as the case may be, and copies of all governmental approvals referred to in the preceding paragraph（d）, and such other documents as the Bank shall reasonably require. Such corporate action shall be satisfactory in form and substance to the Bank and its counsel.
(g) The Bank shall have received opinions of（1）Counsel to the Borrower, which counsel shall be satisfactory to the Bank, substantially in the form of Exhibit 3 thereto and with respect to such other matters as the Bank may reasonably require;（2）Special_________(Name of Country) counsel to the Bank, with respect to such matters as the Bank may require, including, without limitation, the enforceability in accordance with their respective terms of this Agreement, the Note and the Guaranty; and（3）Such other opinions of counsel as the Bank may require.
(h) The Bank shall have received evidence of the authority of each person (Ⅰ）who has signed this Agreement on behalf of the Borrower,（Ⅱ）who has signed the Guaranty on behalf of the Guarantor,（Ⅲ）who will execute the Note on behalf of the Borrower,（Ⅳ）who will sign the statements, reports, certificates and other documents required or permitted by this Agreement and who will otherwise act as the representative of the Borrower in connection with the operation of this Agreement.
(i)The Bank shall have received the authenticated specimen signature of each person named pursuant to the preceding paragraph（h）.
(j) The Bank shall have received any and all further information and documents, including records of corporate proceedings, which the Bank may reasonably request in connection with the transaction contemplated by this Agreement, such documents, where appropriate, to be certified by proper corporate authorities.
Article 7 Covenants
So long as the Borrower may borrow hereunder and until payment in full of the Note and performance of all other obligation of the Borrower hereunder, and except to the extent that the Bank may otherwise agree in writing:
Section 7.1 Financial Statements
The Borrower will furnish to the Bank as soon as available but in no event more than sixty（60）days after the close of each semester of each of the Borrowers fiscal years, an unaudited balance sheet of the Borrower as of the end of such period and a profit and loss statement of the Borrower for such periods, completely and correctly setting forth and fairly presenting the financial condition of the Borrower;
Section 7.2 Reports
（a）The Borrower will provide to the Bank as soon as possible and in any event within five days after the occurrence of each Event of Default, or each event which with the giving of notice or lapse of time, or both, would constitute an Event of Default, which is continuing on the date of such statement, a statement of the Managing Director of the Borrower setting forth details of such Event of Default or event and the action which the Borrower proposes to take with respect thereto;
（b）The Borrower shall provide the Bank with such additional information, reports or statements as the Bank may from time to time reasonably request and will permit the Bank or its representatives, at any reasonable time or times, to inspect the properties of the Borrower and to inspect, audit and examine the books or records of the Borrower and to take extracts therefrom.
Section 7.3 Pari Passu Treatment
