Common use of Withdrawal of the Proceeds of the Financing Clause in Contracts

Withdrawal of the Proceeds of the Financing. General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing and the Loan (“Category”), the allocations of the amounts of the Financing and the Loan to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Financing Allocated (expressed in SDR) Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be Financed (inclusive of Taxes)

Appears in 1 contract

Samples: Financing Agreement

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Withdrawal of the Proceeds of the Financing. General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing and the Loan (“Category”), the allocations of the amounts of the Financing and the Loan to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: . Category Amount of the Financing Allocated (expressed in SDR) Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be Financed (inclusive exclusive of Taxes)

Appears in 1 contract

Samples: Grant Agreement

Withdrawal of the Proceeds of the Financing. General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing and the Loan (“Category”), the allocations of the amounts of the Financing and the Loan Credit to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Financing Credit Allocated (expressed in SDR) Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be Financed (inclusive of Taxes)taxes) Goods, works, consultants’ services, workshops, training, audits, and Incremental Operating Costs Block-Grants 24,800,000 107,000,000 100% 100% TOTAL 131,800,000

Appears in 1 contract

Samples: Financing Agreement

Withdrawal of the Proceeds of the Financing. General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing and the Loan (“Category”), the allocations of the amounts of the Financing and the Loan to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: . Category Amount of the Financing Allocated (expressed in SDR) Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be Financed (inclusive of Taxes)Goods, works, consultants’ services, training, workshops and Operating Costs under the Project 107,400,000 100% TOTAL AMOUNT 107,400,000

Appears in 1 contract

Samples: Financing Agreement

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Withdrawal of the Proceeds of the Financing. General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing and the Loan (“Category”), the allocations of the amounts of the Financing Credit and the Loan Grant, respectively, to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Categories Amount of the Financing Credit Allocated (expressed in SDR) Amount of the Loan Grant Allocated (expressed in USDSDR) Percentage % of Expenditures expenditures to be Financed (inclusive of Taxes)financed

Appears in 1 contract

Samples: Financing Agreement

Withdrawal of the Proceeds of the Financing. General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing and the Loan (“Category”), the allocations of the amounts of the Financing and the Loan to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: . Category Amount of the Financing Allocated (expressed in SDR) Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be Financed Goods, works, consultants’ services, and Operating Costs under one section of Part A of the Project (inclusive approximately 225 kilometers from Iringa to Dodoma) 94,700,000 100% exclusive of Taxes)taxes Goods, consultants’ services, training, workshops and Operating Costs under Part B of the Project 6,800,000 100% TOTAL AMOUNT 101,500,000 B. Withdrawal Conditions; Withdrawal Period Notwithstanding the provisions of Part A.1 of this Section no withdrawal shall be made in respect of:

Appears in 1 contract

Samples: Financing Agreement

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