Common use of First disbursement request Clause in Contracts

First disbursement request. By signing this Grant Agreement [Organization name] requests transfer of the first disbursement of [XX] US$ corresponding to [XX] % of the total project budget of the project object of this Grant Agreement. The bank account indicated under Article VII (5) shall be used for the disbursement. [Organization name] and OCHA will submit either originals or copies of the Agreement (or Amendments hereto) that have been duly signed on paper or electronically, to each other. Article XXI.

First disbursement request. By signing this Grant Agreement [Organization name] requests transfer of the first disbursement of [XX] US$ corresponding to [XX] % of the total project budget of the project object of this Grant Agreement. The bank account indicated under Article VII (5) shall be used for the disbursement. [Organization name] and OCHA will submit either originals or copies of the Agreement (or Amendments hereto) that have been duly signed on paper or electronically, to each other. Article XXI.