Common use of Deposit of Financing Amounts Clause in Contracts

Deposit of Financing Amounts. 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain a dedicated deposit account (“Deposit Account”) on terms and conditions satisfactory to the Bank: 2. The Recipient shall ensure that upon each deposit of an amount of the Financing into the Deposit Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.

Deposit of Financing Amounts. 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain a dedicated deposit account (“Deposit Dedicated Account”) on terms and conditions satisfactory to the Bank:. 2. The Recipient shall ensure that upon each deposit of an amount of the Financing into the Deposit Dedicated Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.

Deposit of Financing Amounts. 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain a dedicated deposit account in Dollars (“Deposit Account”) on terms and conditions satisfactory to the Bank:). 2. The Recipient shall ensure that upon each deposit of an amount of All withdrawals from the Financing Account shall be deposited by the Association into the Deposit Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.