Counterpart Funds. The Borrower shall ensure that the Counterpart Funds are used to finance the local currency costs relating to the implementation of the Program and other activities consistent with the objectives of the Program and shall provide the necessary budget appropriations to finance the structural adjustment costs relating to the implementation of reforms under the Program.
Counterpart Funds. The Borrower shall, or shall cause the State to, make available through budgetary allocations or other means, all counterpart funds required for the timely and effective implementation of the Project including any funds required to make land available for the Project, to mitigate unforeseen environmental and social impacts, and to meet additional costs arising from design changes, price escalation in construction costs and/or other unforeseen circumstances.
Counterpart Funds. The Borrower shall ensure that the Counterpart Funds shall be used, first, to support the adjustment cost for reforms to be initiated and implemented under the Program, and, second, to finance expenditures for the general development purposes of the Borrower.
Counterpart Funds. The Borrower shall allocate and make available, in a timely manner, sufficient funds from its budget for each fiscal year for the implementation of the Project.
Counterpart Funds. The Borrower/Recipient shall ensure that counterpart funds are clearly identifiable in the financial management system and all financial statements.
Counterpart Funds. The Borrower shall provide counterpart funds for Project implementation on time. MOFP shall make timely submission of annual budgetary appropriation request and ensure prompt disbursement of appropriated funds during each year of Project implementation.
Counterpart Funds. The Borrower shall, and shall cause Punjab to, ensure that the Counterpart Funds are used to meet the reform and other financing needs relating to the implementation of the Program, including allocation of 50% of such Counterpart Funds to finance conditional grants to DGs for the health sector of Punjab.
Counterpart Funds. The Borrower shall cause CRC to ensure that counterpart funds and domestic commercial loan proceeds are provided in a timely manner, including any additional counterpart funds, as and when required, to meet any Project shortfall or cost overruns. The Borrower shall cause CRC to maintain adequate annual funding for the operation and maintenance of the Project facilities.
Counterpart Funds. The Recipient shall ensure that (a) adequate counterpart funds required during Project implementation period are provided on a timely basis; (b) annual budgetary appropriation requests are submitted in a timely manner; and (c) appropriated funds are disbursed promptly when needed for Project implementation purposes.
Counterpart Funds. 1. The Borrower shall allocate and avail an amount equivalent to fifteen million Dollar ($15,000,000) for the financing of any required resettlement, land acquisition, compensation and relocation under the Project (the “Counterpart Funds”).
2. The Borrower shall disburse the Counterpart Funds in accordance with the provisions of the Annual Work Plan and Budget.
