Common use of Sole Control Clause in Contracts

Sole Control. It is understood and hereby accepted and agreed by the Account Bank and the Borrower that, without prejudice to the provisions of Section 6, the Project Accounts shall at all times be operated pursuant to the Instructions of the Borrower and or, as the case may be, the Agent, as provided herein.

Appears in 1 contract

Sources: Project Account Agreement (Randgold Resources LTD)

Sole Control. It is understood and hereby accepted and agreed by the Account Bank and the Borrower that, without prejudice to the provisions of Section 6, the Project Accounts Account shall at all times be operated pursuant to the Instructions of the Borrower and orand/or, as the case may be, the Agent, as provided herein.

Appears in 1 contract

Sources: Project Account Agreement (Randgold Resources LTD)