Common use of Deposits of Financing Amounts Clause in Contracts

Deposits 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 (“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 Dedicated 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 dedicated deposit account for the withdrawal of the funds of the Grant (“Dedicated Deposit Account”) on terms ), designated by the Recipient and conditions satisfactory acceptable to the Bank.Association: 2. The Recipient shall ensure that upon each deposit of an amount of the Financing into the Dedicated 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. 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 (“Dedicated 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 Dedicated Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.