Common use of Disbursements Not Affected Clause in Contracts

Disbursements Not Affected. Notwithstanding the prov1s1ons of Articles 8.01 and 8.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank ofany amounts ofthe resources ofthe Loan: (a) subject to the guarantee ofan irrevocable letter ofcredit; (b) which, by specific written agreement with the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier, unless the Bank has provided a notification to the Borrower or the Executing Agency in accordance with Article 4.08(c) ofthese General Conditions; and (c) payable to Bank, pursuant to the Borrower's instructions.

Appears in 1 contract

Sources: Loan Contract

Disbursements Not Affected. Notwithstanding the prov1s1ons prov1s10ns of Articles 8.01 and 8.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank ofany of any amounts ofthe of the resources ofthe of the Loan: (a) subject to the guarantee ofan of an irrevocable letter ofcreditof credit; (b) which, by specific written agreement with the Borrower, the Executing Agency, or the Contracting AgencyProcurement Agent, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier, unless the Bank has provided a notification to the Borrower or the Executing Agency in accordance with Article 4.08(c) ofthese of these General Conditions; and (c) payable to Bank, pursuant to the Borrower's instructions.

Appears in 1 contract

Sources: Loan Contract

Disbursements Not Affected. Notwithstanding the prov1s1ons provisions of Articles 8.01 and 8.02 above, none of the measures set forth in this Chapter shall affect the disbursement by the Bank ofany of any amounts ofthe of the resources ofthe of the Loan: (a) subject to the guarantee ofan of an irrevocable letter ofcreditof credit; (b) which, by specific written agreement with the Borrower, the Executing Agency, or the Contracting Agency, as the case may be, the Bank has agreed to provide to pay Eligible Expenditures directly to the respective supplier, unless the Bank has provided a notification to the Borrower or the Executing Agency in accordance with Article 4.08(c) ofthese of these General Conditions; and (c) payable to Bank, pursuant to the Borrower's instructions.

Appears in 1 contract

Sources: Amendatory Contract