Zakon o potvrđivanju Ugovora o kreditnom aranžmanu br. CRS 1029 01 N između Francuske agencije za razvoj i Republike Srbije

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Član 3.4 Zakon o potvrđivanju Ugovora o kreditnom aranžmanu br. CRS 1029 01 N između Francuske agencije za razvoj i Republike Srbije – Payment mechanics - Direct payments by the Lender to Contractor

Section3.4

Payment mechanics - Direct payments by the Lender to Contractor

a)
At the Borrower request, through MEP, the proceeds of a Drawdown will be made available directly to a Contractor for the payment of Eligible Expenses due under a contract entered into for the supply of works, plants, goods, consulting services or non-consulting services for the purposes of implementing the Project or any part thereof.
To that effect, the Borrower, through MEP, shall deliver to the Lender, any instructions necessary to pay the Drawdown directly as requested and as the case may be and subject to the Lender’s consent that the relevant Drawdown be in accordance with the provision of (Place of payment), by attaching to the Drawdown Request the relevant documents listed in Schedule 4 (Conditions Precedent).
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 will be a Drawdown and that it shall repay in full to the Lender all amounts paid under the Facility pursuant to this (Payment mechanics - Direct payments by the Lender to Contractors) together with, and including but not limited to, all interest accrued on those amounts as from the relevant Drawdown Dates.