Conditions of Disbursement of the Second and Third Tranches means: (a) for the FY09 DGF Grant, the conditions of disbursement of the Second and Third Tranches of the FY09 DGF Grant referred to in the letter dated October 12, 2010, from the Bank to the Recipient; and (b) for the PACT-ACBF Grant, the conditions of the disbursement of the Second and Third Tranches of the PACT‑ACBF Grant referred to in the letter dated November 11, 2010, from the Bank to donors of such grant; as such letters may be updated from time to time by the Bank.
Examples of Conditions of Disbursement of the Second and Third Tranches in a sentence
The Recipient has satisfied the Conditions of Disbursement of the Second and Third Tranches of both the FY09 DGF Grant Agreement and the PACT-ACBF Memorandum of Understanding, to the satisfaction of the Association.