Disbursements. For the purposes set forth in this Agreement, the Bank may, subject to the provisions of this Agreement and the General Conditions, with the consent of the Borrower effect direct disbursements to suppliers or contractors to cover expenditures made in settlement of the reasonable cost of goods and services required for the implementation of the project which are financed under this Agreement. The deadline for first disbursement shall be one hun- dred and twenty (120) days from the date of signing of this Loan Agreement i.e 20 March, 2013 unless this date is extended by the Bank in view of the circumstances. The deadline for final disbursement shall be six (6) months after the estimated date of completion of the Project i.e. 19 May, 2015 unless this date is extended by the Bank in view of the circumstances. Amounts disbursed under the loan shall be applied by the Borrower solely for the purposes for which they were granted.
Disbursements. Payment the Solicitors make on the Client’s behalf such as (but not limited to): ➢ Expenses; ➢ Court fees; ➢ Experts' fees; ➢ Copying fees; and ➢ Travelling Disbursements. Counsel’s fees are Disbursements, but they may themselves be payable under a separate conditional fee agreement.