Common use of Use of Proceeds of Loan Clause in Contracts

Use of Proceeds of Loan. (1) The Borrower shall cause the proceeds of the Loan to be used for the purchase of eligible goods and services necessary for the implementation of the Project from suppliers, contractors or consultants {hereinafter collectively referred to as "the Suppliers") of the eligible source countries in accordance with the allocation described in Schedule 2 attached hereto. (2) The final disbursement under the Loan Agreement shall be made not later than September 9, 1988 and no further disbursement shall be made by the Fund thereafter, unless otherwise agreed upon between the Fund and the Borrower.

Appears in 1 contract

Samples: Loan Agreement

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Use of Proceeds of Loan. (1) The Borrower shall cause use the proceeds of the Loan to be used for the purchase of eligible goods and services necessary for the implementation of the Project from suppliers, contractors or consultants {(hereinafter collectively referred to as "the Suppliers") of the eligible source countries in accordance with the allocation described in Schedule 2 attached hereto. (2) The final disbursement under the Loan Agreement shall be made not later than September 9, 1988 and no further disbursement shall be made by the Fund thereafter, unless otherwise agreed upon between the Fund and the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Use of Proceeds of Loan. (1) The Borrower shall cause use the proceeds of the Loan to be used for the purchase of eligible goods and services necessary for the implementation of the Project Engineering Services from suppliers, contractors or consultants {hereinafter collectively referred to as "the Suppliers") of the eligible source countries in accordance with the allocation described in Schedule 2 attached hereto. (2) The final disbursement under the Loan Agreement shall be made not later than September 9, 1988 1986 and no further disbursement shall be made by the Fund thereafter, unless otherwise agreed upon between the Fund and the Borrower.

Appears in 1 contract

Samples: Loan Agreement

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Use of Proceeds of Loan. (1) The Borrower shall cause the proceeds of the Loan to be used for the purchase of eligible goods and services necessary for the implementation of the Project from suppliers, contractors or consultants {(hereinafter collectively referred to as "the Suppliers") of the eligible source countries in accordance with the allocation described in Schedule 2 attached hereto. (2) The final disbursement under the Loan Agreement shall be made not later than September 9, 1988 and no further disbursement shall be made by the Fund thereafter, unless otherwise agreed upon between the Fund and the Borrower.

Appears in 1 contract

Samples: Loan Agreement

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