Special Commitments. Upon the Borrower/Recipient’s request, the Fund may agree to make an irrevocable commitment to pay amounts necessary to guarantee a Letter of Credit used to finance Eligible Expenditures (a “Special Commitment”) on such terms and conditions as the Borrower/Recipient and the Fund may agree.
Appears in 4 contracts
Samples: Financing Agreement, Financing Agreement, Financing Agreement
Special Commitments. Upon the Borrower/Recipient’s 's request, the Fund may agree to make an irrevocable commitment to pay amounts necessary to guarantee a Letter of Credit used to finance Eligible Expenditures (a “"Special Commitment”") on such terms and conditions as the Borrower/Recipient and the Fund may agree.
Appears in 2 contracts
Samples: Financing Agreement, Project Agreement
