Common use of Commitment Letters by ADB Clause in Contracts

Commitment Letters by ADB. Upon the Borrower's request, ADB may issue commitment letters to pay amounts in respect of the cost of goods and services to be financed under the Loan notwithstanding any subsequent suspension or cancellation.

Commitment Letters by ADB. Upon the Borrower's request, ADB may issue commitment letters to pay amounts in respect of the cost of goods and services to be financed under the Loan Loan, notwithstanding any subsequent suspension or cancellation. Such commitment letters shall provide that ADB's obligation to pay amounts in respect of the cost of goods and services to be financed under the Loan Agreement shall be subject to the receipt by ADB of an equivalent amount of funds from GCF.