Eligible Goods and Services definition
Examples of Eligible Goods and Services in a sentence
A certificate of the Borrower acknowledging and agreeing that any loan made by EXIM Bank pursuant to this Agreement and any determination by EXIM Bank as to whether any Contract Goods and Services are Eligible Goods and Services shall not prejudice or otherwise have any binding effect with regard to any determination by the IRS, the U.S. Department of Treasury or a court of law as to the tax basis of the Project or any part thereof under the Code.
The Borrower has used the Eligible Goods and Services only for lawful purposes, in a lawful manner and in accordance with Applicable Law.
The Borrower shall not, and shall not authorize any of its, directors, officers or employees, agents, representatives or any other person to, (i) take any of the actions described in Section 9.01(a)(v)(B), or (ii) direct or authorize any portion of the payment of any invoice in connection with the Eligible Goods and Services to be returned or transferred to the Borrower or to any third party without the express written consent of EXIM Bank.
The Borrower shall promptly obtain and maintain all consents, licenses, permits, authorizations and approvals of, and exemptions by, any Governmental Authority that are necessary or advisable for the execution, delivery, and performance of any Supply Contract and the use the Eligible Goods and Services in the Borrower’s Country.
Copies of the invoice(s) for the Eligible Goods and Services to be financed under the requested Disbursement, (i) bearing a U.S. address (unless otherwise agreed by EXIM Bank) and (ii) bearing or accompanied by evidence that the Supplier(s) or Ancillary Services Provider(s), as the case may be (the “Payee”), has been paid.