Common use of Direct payments Clause in Contracts

Direct payments. (a) Subject to the conditions set out in Part III and/or IV of Schedule 4 (Conditions Precedent) as the case may be, the Borrower may request in the Drawdown Request that the proceeds of a Drawdown are made available directly to any Contractor who are owed money under any procurement contracts for the supply of goods, services and other works entered into for the purposes of implementing all or part of the Eligible Expenses of the Project.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement