Common use of Disbursement of the Financing Clause in Contracts

Disbursement of the Financing. The Financing will be disbursed in accordance with the payment schedule set forth in Annex II (the “Payment Schedule”). Payments by the Bank will be made only at the request of the Government and upon approval by the Bank. The Government will make, or cause to be made on its behalf, disbursement of amounts requested by the UN Agency within thirty (30) days of receiving the original signed copy of the payment request. The Payment Request template is provided in Annex VI. All payments will be made by wire transfer in United States dollars to the following UN Agency bank account: [ ] The Government will ensure that when making each disbursement of the Financing, the Bank notifies the UN Agency, Division of ___________,(for the Attention __________), by fax (__________) or by e-mail (_____________), of the following: (a) the amount transferred; (b) the value date of the transfer; and (c) that the transfer is from the Bank in accordance with this Agreement. The UN Agency will promptly acknowledge receipt of funds in writing indicating the amount received. Cumulative disbursements of the Financing will not exceed the Total Funding Ceiling unless it is revised through a written amendment approved by the Bank, which approval will be sought and obtained by the Government. UN Agency takes note that the Government’s disbursements under this Agreement are subject, in all respect, to the terms and conditions of the Financing Agreement and no party other than the Government will derive any rights from the Financing Agreement or have any claim to the Financing proceeds.

Disbursement of the Financing. The Financing will be disbursed in accordance with the payment schedule set forth in Annex II (the “Payment Schedule”). Payments by the Bank will be made only at the request of the Government and upon approval by the Bank. The Government will make, or cause to be made on its behalf, disbursement of amounts requested by the UN Agency within thirty ten (3010) days of receiving the original signed copy of the payment requestPayment Request. The Payment Request template is provided in Annex VI. All payments will be made by wire transfer in United States dollars to the following UN Agency bank account: [ ] Account Name: Food Agr Org – TF USD Bank Name: Citibank 000 Xxxx Xxxxxx Xxx Xxxx, XX, XXX, 00000 Swift/BIC: XXXXXX00 ABA/Bank Code: 000000000 Account No. 00000000 The Government will ensure that when making each disbursement of the Financing, the Bank notifies the UN Agency, Division of ___________,(for the Attention __________), by fax (__________) or by e-mail (_____________), of the following: (a) the amount transferred; (b) the value date of the transfer; and (c) that the transfer is from the Bank in accordance with this Agreement. The UN Agency will promptly acknowledge receipt of funds in writing indicating the amount received. Cumulative disbursements of the Financing will not exceed the Total Funding Ceiling unless it is revised through a written amendment approved by the Bank, which approval will be sought and obtained by the Government. UN Agency takes note that the Government’s disbursements under this Agreement are subject, in all respect, to the terms and conditions of the Financing Agreement and no party other than the Government will derive any rights from the Financing Agreement or have any claim to the Financing proceeds.

Disbursement of the Financing. The Financing will be disbursed in accordance with the payment schedule set forth in Annex II (the “Payment Schedule”). Payments by the Bank will be made only at the request of the Government and upon approval by the Bank. The Government will make, or cause to be made on its behalf, disbursement of amounts requested by the UN Agency within thirty (30) days of receiving the original signed copy of the payment request. The Payment Request template is provided in Annex VI. All payments will be made by wire transfer in United States dollars to the following UN Agency bank account: [ ] The Government will ensure that when making each disbursement of the Financing, the Bank notifies the UN Agency, Division of ___________,, (for the Attention __________), by fax (__________) or by e-mail (_____________), of the following: (a) the amount transferred; (b) the value date of the transfer; and (c) that the transfer is from the Bank in accordance with this Agreement. The UN Agency will promptly acknowledge receipt of funds in writing indicating the amount received. Cumulative disbursements of the Financing will not exceed the Total Funding Ceiling unless it is revised through a written amendment approved by the Bank, which approval will be sought and obtained by the Government. UN Agency takes note that the Government’s disbursements under this Agreement are subject, in all respect, to the terms and conditions of the Financing Agreement and no party other than the Government will derive any rights from the Financing Agreement or have any claim to the Financing proceeds.