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1. The period of availability of the loan, which corresponds to the period during which payments to the Member State concerned may be approved under this Article, shall end on 31 December 2030. Payments shall be made in instalments, subject to the availability of funding. An instalment may be disbursed in one or more tranches.

2. The Member State concerned may submit to the Commission a duly justified request for payment. Such a request for payment may be submitted by the Member State concerned to the Commission twice a year. The Member State shall provide the justification underpinning the payment request with evidence of progress in fulfilling the plan.

3. The Commission shall assess the completeness, correctness and coherence of the request for payment referred to in paragraph 2 without undue delay, and at the latest within two months of receiving the request. Where the Commission makes a positive assessment of the fulfilment of the conditions set out in this Regulation, it shall adopt without undue delay a decision authorising the disbursement of the loan instalment.

4. Where, as a result of the assessment referred to in paragraph 3, the Commission concludes that the request for payment referred to in paragraph 2 is unsatisfactory, the payment of all or part of the loan shall be suspended. The Member State concerned may present its observations within one month of the communication of the Commission’s assessment.

5. The Commission shall assess the observations referred to in paragraph 4 without undue delay. It shall lift the suspension where the Member State concerned has demonstrated that it has taken the necessary measures to ensure the satisfactory fulfilment of the conditions set out in this Regulation.