Disbursement for Local Currency Costs Sample Clauses

Disbursement for Local Currency Costs. (a) After satisfaction of conditions precedent, if any, the Grantee may obtain disbursements of funds under the Agreement for Local Currency Costs required for the Agreement in accordance with terms of this Agreement, by submitting to USAID, with necessary supporting documentation as prescribed in Implementation Letters, requests to finance such costs.
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Disbursement for Local Currency Costs. Upon satisfaction of conditions precedent, the Borrower may, from time to time, request disbursement by A.I.D. of local currency for Local Currency Costs of goods and services procured for the Project· 1.n accordance with the terms and conditions of this Agreement by sub­ mitting to A.I.D, such supporting documentation as A.I.D. may pre­ scribe in Implementation Letters. A.I.D., at its option, may make such disbursements from local currency of the country of the Borrower owned by the U.S. Government and obtained by A.I.D. with United States dollars, or obtained with United States dollars in ac­ cordance with the provisions of the Special Letter of Credit lmple• mentation Memorandum dated May 27, 1965 between Xxxxxxxx and A.I.D. �s amended from time to time. The United States dollar amount of the Loan disbursed under this Section will be.the United States· dollar equiva­ lent of local currency disbursements determined at the rate of exchange provided for in said Special Letter of Credit Implementation Memorandum prevailing as of the date of each respective disbursement as defined in Section 6.04 (b). the SECTIDN 6.03. Other Forms of Disbursement., Disbursements of Loan may also be made through such other means as the Borrower and A.I.D. may agree to in writing. SECTION 6.04.· Date of Disbursement. Disbursements by A.I.D. shall be deemed to occur, (a) in the case of disbursements pursuant to Section 6.01, on the date on which A.I.o.· makes a disbursement to the Borrower,. to its designee, or .to a banking institution pursuant to a Letter of Commitment, and (b) in the case of disbursements pursuant to Section 6.02, on.the date on which A.I.D.. disburses the local· currency to the Borrower or its designee, or.on the date on which A�I�D. opens or amends the.Speci�l Lett�r of Credit referred to in Section 6.02 i as the case may be. may
Sample 1
Disbursement for Local Currency Costs. (a) After satisfaction of conditions precedent, the Cooperating Country may obtain disbursement of funds under xxx.Xxxx or the Grant for Local Currency Costs, as defined in Section 7.2, of goods and services required for the Project, in accordance with the terms of this Agreement by submitting to A.I.D., with necessary · supporting docUl!l€ntation as prescribed in Project implementation Letters, requests to finance such costs.
Sample 1
Disbursement for Local Currency Costs. (a) After satisfaction of conditions precedent, the Borrower may obtain disbursements of funds under the Loan for Local Currency Costs required for the Project in accordance with the terms of this Agreement, by submitting to A.I.D., with necessary supporting documentation as prescribed in Project Implementation Letters, requests to finance such costs.
Sample 1

Related to Disbursement for Local Currency Costs

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Payment for Services and Expenses 2.1. The term of the initial contract shall be from , 20 through , 20 . The Contract may be renewed for two (2) one (1) year periods through negotiation between the Vendor and Government Support Services. The State reserves the right to extend this contract on a month-to-month basis for a period of up to three months after the term of the full contract has been completed.

  • Non-Reliance on Administrative Agent and Other Lenders Each Lender and the L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

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