【正文】 ion with the Borrower, be likely to prejudice materially the ability of the Borrower to fulfil its payment obligations under this Agreement, . to service the Tranche to be funded and to repay the Tranche. 8. The disbursement of a Tranche shall under no circumstances mit any of the parties to proceed with the lending and borrowing of any further Tranche. The Borrower shall request any further Tranche from the Lender in accordance with this Article. The Lender will then launch the procedure set out in this Article. 9. The Borrower39。s obligation to transfer the Net Disbursement Amount to the Borrower with respect to the first Tranche of the first Instalment shall be subject to: (1) the Lender having received a legal opinion satisfactory to the Lender given by the Minister of Justice of the Borrower, in the form set out in Annex 3. Such legal opinion shall be dated not later than the date of the Request for Funds. The Borrower undertakes to inform the Lender immediately if, between the date of the legal opinion and the Disbursement Date, any event occurs that would render incorrect any statement made in the legal opinion。3 100 000 000 (three billion, one hundred million) in maximum six instalments (each hereinafter referred to as “Instalment”, collectively all such Instalments hereinafter referred to as the Loan), subject to the terms and conditions defined in the Decision, in the Memorandum of Understanding and in this Agreement.2. The principal amount of the first Instalment amounts to EUR 1 economic stabilisation programme (Economic stabilisation and growth revival programme) and amended budget for 2009, both adopted by the Latvian Parliament on 12 December 2008。 balances of payments (OJ L 53, , p. 1) empowered the Commission on behalf of the EC to contract borrowings on the capital markets or with financial institutions with the aim to grant loans to one or more Member States which are experiencing, or threatened with, difficulties in their balance of current payments or capital movements。(4) The loan is granted in conjunction with a loan from the International Monetary Fund of SDR billion (around EUR billion) under a Standby arrangement approved on 23 December 2008. In addition, the Nordic countries (Sweden, Denmark, Finland, Norway and Estonia) are to contribute EUR billion together, the World Bank EUR billion, the European Bank for Reconstruction and Development, the Czech Republic and Poland a total of EUR billion, bringing the total assistance to EUR billion over the period to the first quarter of 2011。 (10) The contracts relating to the bond issue or to any other appropriate financial transaction, including a possible interest rate swap, will constitute an integral part of this Agreement as provided hereinafter。s Agent on the date when received (the Disbursement Date) to the euro account of the Borrower39。s Agent having received on the Disbursement Date the net proceeds of the Financial Transaction from said bank or syndicate of banks。4 of this Article, not to secure by mortgage, pledge or any other encumbrance upon its own assets or revenues any present or future external indebtedness and any guarantee or indemnity given in respect thereof, unless the Loan at the same time shares pari passu and pro rata in such security. 3. The Borrower undertakes not to ask for the rescheduling of the Loan or any debt relief with respect to the Loan and recognises that the Lender shall have the identical legal capacity, immunities and privileges as accorded to international financial institutions. The Borrower further undertakes that, except for the encumbrances provided under paragraph 4 of this Article, no priority over the Lender will be given to any other creditor.4. The Borrower respecting its undertaking under paragraph 2 may allow exclusively for the following encumbrances: (1) Encumbrances upon any property incurred to secure the purchase price of such property and any renewal or extension of such encumbrance which is limited to the original property covered thereby and which secures any renewal or extension of the original secured financing。s Agent. 2. The Lender will not include an early repayment clause in the terms and conditions of the Financial Transaction, unless the Borrower has explicitly requested such a clause in the Request for Funds. The terms and conditions of such an early repayment option for the Borrower shall be those of the corresponding early repayment option for the Lender under the Borrowing Contracts. If the Borrower wants to exercise its option, it shall give notice to the Lender of its decision to early repay the respective Tranche at least one month prior to the latest notice date for early repayment under the Borrowing Contracts. Article 7 – Payments1. All payments to be made by the Borrower shall be paid free of any taxes, missions and any other deductions for the entire term of this Agreement.2. The Borrower declares that all payments and transfers under this Agreement, as well as the Agreement itself, are not subject to any tax or any other impost in the country of the Borrower and shall not be so subject for the entire term of this Agreement. If nevertheless the Borrower is required by law to make any such deductions, the Borrower shall pay the requisite additional amounts so that the Lender receives in full the amounts specified by this Agreement.3. All payments by the Borrower shall be made in Euro to the euroaccount of the Lender39。 or b) the Borrower shall default in the performance of any obligation under this Agreement other than obligations contained in the Memorandum of Understanding, but including the obligation set out in Article 4, paragraph 5, and such default shall continue for a period of one month after written notice thereof shall have been given to the Borrower by the Lender。s Agent, which is either (i) denominated in a currency other than the currency of the Borrowe