Common use of Use of Proceeds of the Loan Clause in Contracts

Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to Punjab upon terms and conditions satisfactory to ADB and shall cause Punjab to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.

Use of Proceeds of the Loan. Section 3.01. (a) The Borrower shall make the proceeds of the Loan Counterpart Funds available to Punjab upon terms and conditions mutually agreed between the Borrower and Punjab and satisfactory to ADB and shall cause Punjab to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project AgreementADB.

Use of Proceeds of the Loan. Section 3.01. (a) The Borrower shall make the proceeds of the Loan available to Punjab upon terms and conditions mutually agreed between the Borrower and Punjab and satisfactory to ADB and shall cause Punjab to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project AgreementADB.

Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to PIPD through Punjab upon terms and conditions satisfactory to ADB and shall cause Punjab PIPD to apply such proceeds to the financing of expenditures on Part F of the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.

Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan Counterpart Funds available to Punjab upon terms and conditions mutually agreed between the Borrower and Punjab and satisfactory to ADB and shall cause Punjab to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project AgreementADB.

Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to PIPD through Punjab upon terms and conditions satisfactory to ADB and shall cause Punjab PIPD to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.