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7.2 The Borrower hereby irrevocably declares that its obligations to the Lender under each Individual Loan Agreement are of a purely commercial nature and the
The proceeds of the Loan shall be disbursed by the Bank to the Borrower, or to the suppliers and consultants on behalf of the Borrower, in accordance with
current year grant financing required to meet the remaining costs of the project;.. NOW, THEREFORE, the Borrower/Grantee and
Local Currency Costs required for the Project in accordance with the terms of this Agreement, by submitting to A.I.D., with necessary supporting documentation as
may otherwise agree in writing, the Borrower will insure, or cause to be insured, goods financed under the Loan imported for the Project against risks
loan agreement, designated as A.I.D. Loan Agreement No.. Conditions Precedent to Commencement. of any Subproject. Prior to the commencement of
(b) Banking charges incurred by Borrower in connection with Letters of Connnitment and Letters of Credit will be fi- nanced under the Loan unless the Borrower
The Borrower (or Bank Indonesia) shall be entitled, subject to the provisions of this Agreement, to withdraw from the Loan Account amounts needed for payment
