Deposits of Loan Amounts. Except as the Bank may otherwise agree:
1. all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank; and
2. the Borrower shall ensure that upon each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank.
Deposits of Loan Amounts. 1. The Borrower shall open, prior to furnishing to the Bank the request for withdrawal from the Loan Account, and thereafter maintain a Deposit Account in US Dollars in Bangko Sentral ng Pilipinas on terms and conditions satisfactory to the Bank.
2. The withdrawal from the Loan Account shall be deposited by the Bank into the Deposit Account, and
3. The Borrower shall ensure that upon the deposit of the amount of the Loan into the Deposit Account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank.
Deposits of Loan Amounts. 1. Except as the Bank may otherwise agree:
(a) all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank; and
(b) the Borrower shall ensure that upon each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in the Borrower’s National Treasury, in a manner acceptable to the Bank.
2. For purposes of paragraph 1(a) of this Section C, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, the Borrower shall open and, thereafter maintain, a deposit account in United States Dollars at the Central Bank of the Dominican Republic, on terms and conditions satisfactory and acceptable to the Bank.
3. The Borrower shall confirm to the Bank:
(a) the name and number of the designated deposit account mentioned in paragraphs 1(a) and 2 above;
(b) the foreign currency amount received in the designated deposit account referred to above;
(c) the foreign currency amounts withdrawn from the said designated deposit account at the Central Bank of the Dominican Republic, and the equivalent amounts credited to the National Treasury single account to finance budgeted expenditures; and
(d) the date and name, and/or number of the National Treasury account to finance budgeted expenditures to which the amounts equivalent to the amounts withdrawn from the Loan Account have been credited.
Deposits of Loan Amounts. Except as the Bank may otherwise agree:
1. all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower at the Central Bank and acceptable to the Bank;
2. the Borrower shall: (a) ensure that upon each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank; and (b) provide the Bank with a written confirmation within (2) two weeks of this transaction; and
3. any transfer of any amount of the Loan from the account referred to paragraph 1 of this Section shall be: (a) compatible with the manner in which the Borrower is, as of the date of this Agreement, applying its Sistema de Caja Única, pursuant to the provisions of Articles 66 and 67 of the Borrower's Financial Management and Public Budget (Law N˚ 8131) and (b) for said compatibility to be maintained, the Borrower must apply said regime in a manner acceptable to the Bank.
Deposits of Loan Amounts. 1. The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its Central Bank a deposit account in dollars on terms and conditions satisfactory to the Bank.
2. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. Upon each deposit of an amount of the Loan into the Deposit Account, the Borrower shall transfer to Bihar an amount in Rupees equivalent to the amount deposited in the Deposit Account as of the day of such deposit. Such transfer shall be made in accordance with the Borrower’s standard arrangements for onlending of external development funds to the states of India.
Deposits of Loan Amounts. Except as the Bank may otherwise agree:
1. all withdrawals from the Loan Account shall be deposited by the Bank into Banco do Brasil S/A, Banco Nº 001, Agência Nº 9863-9 (XXXXX/GECOE/XXXXX-XX), Xxxxx-Xxxxxxxx nº 00000-0000-0, as found acceptable to the Bank; and
2. the Borrower shall ensure that upon each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank.
Deposits of Loan Amounts. Except as the Bank may otherwise agree:
1. all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank, opened at Banco Nacional de Panamá; and
2. the Borrower shall ensure that upon each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank.
Deposits of Loan Amounts. Except as the Bank may otherwise agree:
1. all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank; and
2. the Borrower shall ensure that within two business day of each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in Punjab’s Consolidated Fund Account No. 1- Non-Food, in a manner acceptable to the Bank.
3. within forty five (45) days after each deposit of an amount of the Loan into the Borrower’s designated account, the Borrower shall cause Punjab to provide to the Bank a written confirmation by Punjab’s Finance Secretary certifying the crediting of the Rupees equivalent of each such deposit into Punjab’s Consolidated Fund Account No. 1–Non Food; such written certification to include number of the account, date of receipt of funds, and the credited amounts and exchange rate applied.
Deposits of Loan Amounts. Except as the Bank may otherwise agree: 1.
Deposits of Loan Amounts. Except as the Bank may otherwise agree: all withdrawals from the Loan Account shall be deposited by the Bank into Banco do Xxxxxx X/X, Xxxxx Xx 000, Xxxxxxx Xx 0000-0 (XXXXX/GECOE/XXXXX-XX), Xxxxx-Xxxxxxxx nº 00000-0000-0, as found acceptable to the Bank; and the Borrower shall ensure that upon each deposit of an amount of the Loan into this account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank.
