Disbursment methods Примери клазула

Disbursment methods. The Facility shall be made available exclusively through direct payments by the Lender to the Contractors, in accordance with the following terms: (a) The Borrower shall request in the Drawdown Request that the proceeds of a Drawdown are made available directly to any Contractors 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. (b) The Borrower hereby authorises the Lender to make direct payments in accordance with paragraph (a) above from the proceeds of a Drawdown. The Lender will not be bound, at any time, to verify whether there is a restriction of any nature in connection with the requested Drawdown. The Lender reserves the right to reject such a request if it becomes aware of any such restriction. (c) The Lender shall not be liable in any way whatsoever in relation to the Drawdowns and the Borrower waives any action it may have against the Lender in this respect. The Borrower shall indemnify the Lender against any cost, loss or liability which the Lender incurs in relation to third party actions against the Lender in respect of such Drawdowns. (d) The Borrower acknowledges that any amount paid by the Lender pursuant to this Clause 3.4 will be a Drawdown and that it shall repay in full to the Lender all amounts paid under the Facility pursuant to this Clause 3.4 (Disbursment methods), together with, and including but not limited to, all interest accrued on those amounts as from the relevant Drawdown Dates.