PROGRAM FINANCING Clause Samples
The PROGRAM FINANCING clause outlines how the financial resources for a specific program will be provided, managed, and disbursed. It typically details the sources of funding, payment schedules, and any conditions or milestones that must be met for funds to be released. For example, it may specify that payments are made in installments upon completion of certain project phases or upon submission of required documentation. The core function of this clause is to ensure transparency and predictability in the flow of funds, thereby reducing financial uncertainty and aligning expectations between the parties involved.
PROGRAM FINANCING. Third-party financing may be available for projects under the Program for Customers who qualify.
PROGRAM FINANCING. Program 3.2 is exclusively financed from the state budget and non-reimbursable external funds. The budget for 2019 is of 5,978,644 thousand lei, increasing from the 2018 budget of 5,296,437 thousand lei.
PROGRAM FINANCING is financed exclusively from the state budget and non-reimbursable external funds. The budget allocated for 2019 is of ROL 1,426,188 thousand, rising from the budget allocated for 2018, which amounted to ROL 1,172,407 thousand.
PROGRAM FINANCING. 1. To facilitate the carrying out of the Program, the Borrower shall make the proceeds of the Loan available to the Program Implementing Entity in accordance with the Borrower’s standard arrangements for developmental assistance to the states of India. Notwithstanding the foregoing, in the event that any provision of this Agreement, including the instructions that the Bank shall have specified by notice to the Borrower pursuant to Section 2.01(b) of the General Conditions (including the Disbursement and Financial Information Letter), were to be found inconsistent with the Borrower’s standard arrangements for development assistance to the states of India, the provisions of this Agreement and aforesaid instructions shall govern.
2. The Borrower shall at all times protect its own interests and the interests of the Bank to accomplish the purposes of the Loan.
PROGRAM FINANCING