Condition for Disbursement. Disbursement of grant funds by OPRD is contingent upon OPRD having received sufficient funding, appropriations, limitations, allotments, or other expenditure authority sufficient to allow OPRD, in the exercise of its reasonable administrative discretion, to make the disbursement and upon Grantee’s compliance with the terms of this Agreement.
Condition for Disbursement. Disbursement of grant funds by OPRD is contingent upon the following:
Condition for Disbursement. (g) That the Borrowers have been made to understand that the facility may be withdrawn/ blocked/ freezed/ terminated by IHFL at its sole discretion at any time without assigning any reason thereof. In case of such eventuality, the Borrower will be required to prepay the complete principal outstanding loan amount along with, interest and other charges, as on date of such recall or get it converted in EMI as a term loan.
Condition for Disbursement. 7. Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account for the purpose of any Subloan until IDCOL has appointed a risk manager with qualifications, experience and terms of reference acceptable to ADB, to make independent assessments of the Qualified Subprojects proposed for financing and to assist IDCOL with the establishment of a risk management system in accordance with sound international practice. Financial Criteria
Condition for Disbursement. 7. No disbursement shall be made from the Grant Account, in respect of any Civil Works and Goods with respect to Component 2, unless and until the Subsidiary Loan Agreement has been duly signed between the Recipient and TDF, in a form and substance satisfactory to ADB. Attachment to Schedule 2 TABLE ALLOCATION AND WITHDRAWAL OF GRANT PROCEEDS (Second Small Towns Water Supply and Sanitation Sector Project) CATEGORY ADB FINANCING Number Item Amount Allocated $ Category Percentage and Basis for Withdrawal from the Grant Account 1 Civil Works and Goods 30,807,000 62 percent of total expenditure 2 Office Equipment and Vehicles 456,000 100 percent of total expenditure* 3 Output Based Aid 665,000 50 percent of total expenditure* 4 Incremental Recurrent Costs 637,000 30 percent of total expenditure 5 Consulting Services and Capacity Development 8,151,000 100 percent of total expenditure* 6 Unallocated 4,384,000 Total 45,100,000 * Exclusive of taxes and duties imposed within the territory of the Recipient. SCHEDULE 3
Condition for Disbursement. 7. Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account until ADB has received the Relending Agreement executed between the Borrower and PEPCO in a form and substance acceptable to ADB. Attachment to Schedule 3 ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS (Power Distribution Enhancement Investment Program – Tranche 1, Support Project) CATEGORY ADB FINANCING BASIS Number Item Total Amount Allocated for ADB Financing SDR Category Subcategory Percentage of ADB Financing from the Loan Account 1 Consulting Services 6,009,000 1A Implementation 3,557,000 100 percent of total expenditure claimed 1B Preparation 613,000 100 percent of total expenditure claimed 1C Monitoring 613,000 100 percent of total expenditure claimed 1D Capacity Building 1,226,000 100 percent of total expenditure claimed 2 Unallocated 123,000 Total 6,132,000 SCHEDULE 4
