Disbursement for Local Currency Costs Sample Clauses

Disbursement for Local Currency Costs. (a) After satisfaction of conditions precedent, if any, the Grantee may obtain disbursements of funds under the Agreement for Local Currency Costs required for the Agreement in accordance with terms of this Agreement, by submitting to USAID, with necessary supporting documentation as prescribed in Implementation Letters, requests to finance such costs.
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Disbursement for Local Currency Costs. Upon satisfaction of conditions precedent, the Borrower may, from time to time, request disbursement by A.I.D. of local currency for Local Currency Costs of goods and services procured for the Project· 1.n accordance with the terms and conditions of this Agreement by sub­ mitting to A.I.D, such supporting documentation as A.I.D. may pre­ scribe in Implementation Letters. A.I.D., at its option, may make such disbursements from local currency of the country of the Borrower owned by the U.S. Government and obtained by A.I.D. with United States dollars, or obtained with United States dollars in ac­ cordance with the provisions of the Special Letter of Credit lmple• mentation Memorandum dated May 27, 1965 between Xxxxxxxx and A.I.D. �s amended from time to time. The United States dollar amount of the Loan disbursed under this Section will be.the United States· dollar equiva­ lent of local currency disbursements determined at the rate of exchange provided for in said Special Letter of Credit Implementation Memorandum prevailing as of the date of each respective disbursement as defined in Section 6.04 (b). the SECTIDN 6.03. Other Forms of Disbursement., Disbursements of Loan may also be made through such other means as the Borrower and A.I.D. may agree to in writing. SECTION 6.04.· Date of Disbursement. Disbursements by A.I.D. shall be deemed to occur, (a) in the case of disbursements pursuant to Section 6.01, on the date on which A.I.o.· makes a disbursement to the Borrower,. to its designee, or .to a banking institution pursuant to a Letter of Commitment, and (b) in the case of disbursements pursuant to Section 6.02, on.the date on which A.I.D.. disburses the local· currency to the Borrower or its designee, or.on the date on which A�I�D. opens or amends the.Speci�l Lett�r of Credit referred to in Section 6.02 i as the case may be. may
Sample 1
Disbursement for Local Currency Costs. (a) After satisfaction of conditions precedent, the Cooperating Country may obtain disbursement of funds under xxx.Xxxx or the Grant for Local Currency Costs, as defined in Section 7.2, of goods and services required for the Project, in accordance with the terms of this Agreement by submitting to A.I.D., with necessary · supporting docUl!l€ntation as prescribed in Project implementation Letters, requests to finance such costs.
Sample 1
Disbursement for Local Currency Costs. (a) After satisfaction of conditions precedent, the Borrower may obtain disbursements of funds under the Loan for 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 prescribed in Project Implementation Letters, requests to finance such costs.
Sample 1

Related to Disbursement for Local Currency Costs

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