Common use of SOURCE OF INSTRUCTION Clause in Contracts

SOURCE OF INSTRUCTION. The Contractor shall neither seek nor accept instructions from any authority external to the Fund in connection with the performance of its obligations under the Contract. Should any authority external to the Fund seek to impose any instructions concerning or restrictions on the Contractor’s performance under the Contract, the Contractor shall promptly notify the Fund and provide all reasonable assistance required by the Fund. The Contractor shall not take any action in respect of the performance of its obligations under the Contract that may adversely affect the interests of the Fund, and the Contractor shall perform its obligations under the Contract with the fullest regard to the interests of the Fund. This Contract, including all claims relating to or arising out of the Contract, or the breach thereof, whether sounding in contract, tort or otherwise as well as matters relating to its existence, shall be governed and interpreted according to the laws of the Republic of Korea without regard to its conflict of laws principles, subject to the privileges and immunities accorded to the Fund in the Governing Instrument and the Headquarters Agreement. The Contract is in English, which shall be the binding and controlling language on matters relating to the meaning and/or interpretation of the Contract, unless otherwise specified in the Contract. Notices and other correspondences pertaining to the Contract that the Parties may exchange shall likewise be in English.