(a) Subject to Section 3.03 Loan shall be disbursed by International Finance Corporation (IFC) from time to time on any Business Day during the Commitment Period in one or more Disbursements upon request of the Borrower. The Borrower may request a Disbursement by submitting to IFC an original application for such Disbursement, in the form attached hereinafter and in substance satisfactory to IFC at least 10 Business Days prior to the proposed date of such Disbursement. Such application shall, unless IFC otherwise agrees, be irrevocable and binding on the Borrower.
(b) The obligation of IFC to make any Disbursement shall be subject to the condition that the IFC Tranche 1 Loan and the IFC Tranche 2 Loan shall be disbursed by IFC on a pro rata basis only, and that IFC shall disburse this Loan at the same time and in the same pro rata amount as EBRD disburses the EBRD Loan.