Common use of Deposits of Financing Amounts Clause in Contracts

Deposits of Financing Amounts. Except as the Association may otherwise agree: 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain, a separate deposit account in FCFA on terms and conditions satisfactory to the Association (“Deposit Account”). 2. All withdrawals from the Financing Account shall be deposited by the Association into the Deposit Account. 3. 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.

Deposits of Financing Amounts. Except as the Association may otherwise agree: 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain, a separate deposit account in FCFA Dollars (“Deposit Account”) on terms and conditions satisfactory to the Association (“Deposit Account”)Association. 2. All withdrawals from the Financing Account shall be deposited by the Association into the Deposit Account. 3. The Recipient shall ensure that upon Upon each deposit of an amount of the Financing into the Deposit Account, the Recipient shall ensure that an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.

Deposits of Financing Amounts. Except as the Association may otherwise agree: 1. The Recipient shall open, prior to furnishing presenting to the Association the first request for withdrawal from the Financing Account, and thereafter maintain, maintain a separate deposit account in FCFA Dollar (“Foreign Currency Deposit Account”) on terms and conditions satisfactory to the Association (“Deposit Account”). 2Association. All withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Deposit Account.; and 32. The the Recipient shall ensure that upon each deposit of an amount of the Financing into the Foreign Currency Deposit Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.