Conditions for Disbursement. 4.1 The obligation of the Bank to make any disbursement under this Agreement shall be subject to the following conditions:
Conditions for Disbursement. Borrower shall have satisfied all conditions for disbursement set forth in Article III (with respect to the initial disbursement of Loan proceeds being requested by Borrower).
Conditions for Disbursement. The Department will disburse the proceeds of the Grant to Grantee after execution of this Agreement by both parties and after Grantee submits a request for disbursement attached hereto as Exhibit D.
Conditions for Disbursement. The obligation of the Lender to disburse the proceeds of the Loan is subject to the satisfaction of the following conditions as of the date the disbursement is made:
Conditions for Disbursement. 6.1 Conditions precedent for disbursement to the Issuer
Conditions for Disbursement. (a) The obligation of IHFL to make any disbursement shall also be subject to:
Conditions for Disbursement. 8. Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account for Categories 1-8 until ADB has received the respective Relending Agreement executed between the Borrower and the respective DISCO in a form and substance satisfactory to ADB. TABLE ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS (Power Distribution Enhancement Investment Program – Project 2) CATEGORY ADB FINANCING Number Item Total Amount Allocated for ADB Financing Percentage and Basis for Withdrawal from the Loan Account $ Category Subcategory 1 FESCO 19,230,000 1A Equipment and Materials 17,900,000 100 percent of total expenditure claimed* 1C Unallocated 1,330,000 2 GEPCO 46,100,000 2A Turnkey 39,250,000 100percent of total expenditure claimed* 2B Equipment and Materials 4,800,000 100percent of total expenditure claimed* 2C Unallocated 2,050,000 3 HESCO 32,350,000 3A Turn Key 29,980,000 100 percent of total expenditure claimed* 3B Equipment 900,000 100 percent of total expenditure claimed* 3C Unallocated 1,470,000 4 IESCO 23,560,000 4A Turn Key 11,080,000 100 percent of total expenditure claimed* 4B Equipment and Materials 11,480,000 100 percent of total expenditure claimed* 4C Unallocated 1,000,000 5 LESCO 27,180,000 5A Turn Key 12,250,000 100 percent of total expenditure claimed* 5B Equipment and Materials 13,580,000 100 percent of total expenditure claimed* 5C Unallocated 1,350,000 6C Unallocated 1,600,000 7 PESCO 25,270,000 7A Turnkey 6,800,000 100 percent of total expenditure claimed* 7B Equipment and Materials 16,960,000 100 percent of total expenditure claimed* 7C Unallocated 1,510,000 8 QESCO 19,760,000 8A Equipment and Materials 18,560,000 100 percent of total expenditure claimed* 8B Unallocated 1,200,000 9 Interest and Commitment Charge 12,480,000 100 percent of amount due Total 242,000,000 * Exclusive of taxes and duties imposed within the territory of the Borrower. SCHEDULE 4
Conditions for Disbursement. 7.1 The obligation of the Lender to make any disbursements under the Loan Agreements shall be subject to the conditions that:-
Conditions for Disbursement. Subject to execution of all prescribed security documents by the borrower, the Loan shall be available for draw down by the borrower up to the date mentioned in the Terms and conditions.
Conditions for Disbursement. Borrower must satisfy the following conditions and furnish Lender with the following Loan Documents and items ("Required Items") prior to each Disbursement:
