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 (“Category”), the allocations of the amounts of the Credit and the Grant, respectively, to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Categories Amount of the Credit Allocated (expressed in SDR) Amount of the Grant Allocated (expressed in SDR) % of expenditures to be financed

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 Credit Financing and the Grant, respectively, Loan to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Categories Category Amount of the Credit Financing Allocated (expressed in SDR) Amount of the Grant Loan Allocated (expressed in SDRUSD) % Percentage of expenditures Expenditures to be financedFinanced (inclusive of Taxes)

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 (“Category”), the allocations of the amounts of the Credit and the Grant, respectively, Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Categories . Category Amount of the Credit Financing Allocated (expressed in SDR) Amount Percentage of the Grant Allocated (expressed in SDR) % of expenditures Expenditures to be financedFinanced (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 (“Category”), the allocations of the amounts of the Credit and the Grant, respectively, to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Categories Category Amount of the Credit Allocated (expressed in SDR) Amount Percentage of the Grant Allocated (expressed in SDR) % of expenditures Expenditures to be financedFinanced (inclusive of 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

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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 (“Category”), the allocations of the amounts of the Credit and the Grant, respectively, Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Categories . Category Amount of the Credit Financing Allocated (expressed in SDR) Amount Percentage of the Grant Allocated (expressed in SDR) % of expenditures Expenditures to be financedFinanced 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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