Improper Drawings Sample Clauses

Improper Drawings. Without prejudice to the Company’s other rights under this Agreement or otherwise, in the event that BPDB draws against the Performance Security Deposit or the Operations Security Deposit provided and it is subsequently determined that BPDB was not entitled to do so, then BPDB shall repay such amount, Dollar for Dollar, to the Company, together with all costs and expenses incurred by the Company in connection with such drawing, plus interest thereon from the date of the draw through the date of repayment at the Bank Rate plus four (4) per cent per annum, compounded semi-annually.