Extract to table

8 Perfection Requirements (a) The following perfection steps are required under Senegalese and OHADA law to ensure that the security interests created under the Senegalese Security Documents are fully perfected and enforceable against third parties: (i) Registration of the nantissement with the RCCM: The nantissement must be registered with the RCCM at the location of the registered office of Dunmore Senegal S

(ii) Notification to debtors of assigned receivables under the cession fiduciaire: In order for the cession fiduciaire to be enforceable against the debtors of the assigned receivables (including the Republic of Senegal, Petrosen, and any offtake purchasers), notification (signification) of the transfer must be served on each such debtor, or such debtor must execute an acceptance (acceptation) of the transfer in a document bearing a certain date

The notification must identify the assigned receivables and the identity of the Collateral Agent as transferee

In the event of any conflict or inconsistency between the English-language version of this opinion and any French-language translation that may be prepared for any purpose, the English-language version shall prevail for purposes of the addressees' reliance on this opinion, provided, however, that in any Senegalese judicial, administrative, or regulatory proceeding, the French-language text of applicable laws, regulations, decrees, and the OHADA Uniform Acts shall govern the interpretation of the legal provisions referenced herein, and any French-language version of this opinion, if submitted in such proceedings, shall be given effect in accordance with Senegalese procedural rules