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Common use of Currencies in which Withdrawals are to be Made Clause in Contracts

Currencies in which Withdrawals are to be Made. Except as the Recipient and the Administrator shall otherwise agree, withdrawals from the Grant Account shall be made in the respective currencies in which the expenditures to be financed out of the proceeds of the Grant have been paid or are payable.

Appears in 10 contracts

Samples: Trust Fund Grant Agreement, Trust Fund Grant Agreement, Trust Fund Grant Agreement

Currencies in which Withdrawals are to be Made. Except as the Recipient and the Administrator Association shall otherwise agree, withdrawals from the Grant Account shall be made in the respective currencies in which the expenditures to be financed out of the proceeds of the Grant have been paid or are payable.

Appears in 4 contracts

Samples: Development Grant Agreement, Grant Agreement, Development Grant Agreement