Disbursements for Technical Cooperation Clause Samples
The "Disbursements for Technical Cooperation" clause defines the terms and procedures for providing funds or resources to support technical cooperation activities under an agreement. Typically, this clause outlines the types of expenses eligible for disbursement, such as consultant fees, training costs, or equipment purchases, and specifies the documentation or approval process required for reimbursement. Its core practical function is to ensure that financial support for technical cooperation is managed transparently and efficiently, reducing the risk of misuse and clarifying the responsibilities of each party involved.
Disbursements for Technical Cooperation. If the Special Conditions contemplate the financing of expenses for technical cooperation, the disbursements therefore may be made once the conditions established in Article 4.01(a) and (b) and in Article 4.03 of these General Conditions have been fulfilled.