Common use of Disbursements Not Affected Clause in Contracts

Disbursements Not Affected. Notwithstanding the provisions of Articles 8.01 and 8.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank of any amounts of the resources of the Loan: (a) subject to the guarantee of an irrevocable letter of credit; (b) which, by specific written agreement with the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier; and (c) payable to Bank, pursuant to the Borrower’s instructions.

Appears in 6 contracts

Samples: Loan Contract, Loan Contract, Loan Contract

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Disbursements Not Affected. Notwithstanding the provisions of Articles 8.01 6.01 and 8.02 6.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank of any amounts of the resources of the LoanContribution: (a) subject to the guarantee of an irrevocable letter of credit; (b) which, by specific written agreement with the BorrowerBeneficiary, the Executing Agency, or the Contracting Agency, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier; and (c) payable to Bank, pursuant to the BorrowerBeneficiary’s instructions.

Appears in 1 contract

Samples: Non Reimbursable Investment Financing Agreement

Disbursements Not Affected. Notwithstanding the provisions of Articles 8.01 and 8.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank of any amounts of the resources of the Loan: (a) subject to the guarantee of an irrevocable letter of credit; (b) which, by specific written agreement with the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier; and (c) payable to Bank, pursuant to the Borrower’s 's instructions.

Appears in 1 contract

Samples: Loan Contract

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Disbursements Not Affected. Notwithstanding the provisions of Articles 8.01 7.01 and 8.02 7.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank of any amounts of the resources of the Loan: (a) subject to the guarantee of an irrevocable letter of credit; (b) which, by specific written agreement with the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier; and (c) payable to Bank, pursuant to the Borrower’s instructions.

Appears in 1 contract

Samples: Loan Contract

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