Common use of Special Commitment by the Association Clause in Contracts

Special Commitment by the Association. Upon the Recipient’s request and upon such terms and conditions as shall be agreed upon between the Recipient and the Association, the Association may enter into special commitments in writing to pay amounts to the Recipient or others in respect of expenditures to be financed out of the proceeds of the Grant notwithstanding any subsequent suspension or cancellation by the Association or the Recipient.

Appears in 2 contracts

Samples: Development Grant Agreement, Development Grant Agreement

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Special Commitment by the Association. Upon the Recipient’s 's request and upon such terms and conditions as shall be agreed upon between the Recipient and the Association, the Association may enter into special commitments in writing to pay amounts to the Recipient or others in respect of expenditures to be financed out of the proceeds of the Grant notwithstanding any subsequent suspension or cancellation by the Association or the Recipient.

Appears in 2 contracts

Samples: Development Grant Agreement, Trust Fund Grant Agreement

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