Purpose. The Borrower shall apply all amounts borrowed by it: (a) under the Loan Facility 1 towards financing of the Project 1; and (b) under the Loan Facility 2 towards financing of the Project 2, other than, in each case, towards financing any payment of value added tax on sales of goods and services and import of goods and services, costs of customs duties and other import duties, taxes and other impositions occurring in the execution of implementation of the relevant Project.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement