Imprest Account. In order to fund the obligation of Respondent to pay Costs, Respondent has delivered to ESD Respondent’s check in the amount of $500,000. Upon ESD signing and transmitting to Respondent a counterpart of this agreement signed by ESD, ESD may deposit such check in an interest-bearing account (the “Imprest Account”). In the event that Respondent is not designated for a short list or to enter into negotiations with respect to the Development, ESD will promptly return to Respondent the $500,000 and any accrued interest. If the Respondent is designated for a short list or otherwise designated to enter into negotiations with respect to the Development, then the Imprest Account may be drawn on by ESD and used (both principal and interest) for payment of the Costs of ESD, including Costs incurred prior to the date of designation. ESD shall inform Respondent of the Costs so paid by written report within twenty (20) business days after written request from Respondent, but not more often than quarterly, and ESD shall provide to Respondent supporting documentation, to the extent that such supporting documentation is provided to ESD. ESD shall notify Respondent each time that the balance of the Imprest Account is $250,000 or less. Promptly after receipt of such notice, Respondent shall replenish the Imprest Account by depositing into that account the amount of funds that is necessary in order to increase to $500,000 the Imprest Account balance. All such payments to the Imprest Account shall be made by wire transfer pursuant to the instructions to be set forth in a written notice of ESD provided to Respondent. Promptly after (i) termination by ESD of Development transaction negotiations with Respondent and payment of all incurred Costs or (ii) completion of the Development by Respondent such that (x) ESD shall incur no further Costs and (y) all incurred Costs have paid in full, ESD shall return to Respondent all funds remaining in the Imprest Account (inclusive of any unspent interest) and provide to Respondent, to the extent received by ESD and not previously provided to Respondent, supporting documentation of Costs incurred,.
Imprest Account. 21 A. INTERMEDIARY shall maintain an interest-bearing account for the MSI Program called the 22 "Imprest Account.” A separate Imprest Account shall be maintained for each Period.
Imprest Account. 19 A. INTERMEDIARY shall maintain an interest-bearing account(s), collectively the "Imprest
Imprest Account. In order to fund the obligation of Respondent to pay Costs, Respondent has delivered to ESD and CCDC Respondent’s check in the amount of $500,000. Upon ESD and CCDC signing and transmitting to Respondent a counterpart of this agreement signed by ESD and CCDC, ESD and CCDC may deposit such check in an interest-bearing account (the “Imprest Account”). In the event that Respondent is not designated to enter into negotiations with respect to the Development, ESD and CCDC will promptly return to Respondent the $500,000 and any accrued interest. If the Respondent is designated to enter into negotiations with respect to the Development, then the Imprest Account may be drawn on by ESD and CCDC and used (both principal and interest) for payment of the Costs of ESD and CCDC including Costs incurred prior to the date of designation. ESD, and CCDC shall inform Respondent of the Costs so paid by written report within twenty (20) business days after written request from Respondent, but not more often than quarterly, and ESD and CCDC shall provide to Respondent supporting documentation, to the extent that such supporting documentation is provided to ESD and CCDC. However, in the case of legal services, only the number of hours and amount of the invoice shall be disclosed to preserve attorney-client privilege and/or to avoid making the contents subject to the New York Freedom of Information Law or U.S. Freedom of Information Act (FOIL/FOIA). ESD and CCDC shall notify Respondent each time that the balance of the Imprest Account is $100,000 or less. Promptly after receipt of such notice, Respondent shall replenish the Imprest Account by depositing into that account the amount of funds that is necessary in order to increase the Imprest Account balance to $500,000. All such payments to the Imprest Account shall be made by wire transfer pursuant to the instructions to be set forth in a written notice of ESD and CCDC provided to Respondent. Promptly after (i) termination by ESD and CCDC of Development transaction negotiations with Respondent and payment of all incurred Costs or (ii) completion of the Development by Respondent such that (x) ESD and CCDC shall incur no further Costs and (y) all incurred Costs have paid in full, ESD and CCDC shall return to Respondent all funds remaining in the Imprest Account (inclusive of any unspent interest) and provide to Respondent, to the extent received by ESD and CCDC and not previously provided to Respondent, supporting documentation of ...
Imprest Account. 4. Except as ADB may otherwise agree, the Recipient shall establish, immediately after the Effective Date, an imprest account at a domestic commercial bank in Dili. The imprest account shall be established, managed, replenished and liquidated in accordance with ADB’s “Loan Disbursement Handbook” dated January 2001, as amended from time to time, and detailed arrangements agreed upon between the Recipient and ADB. The initial amount to be deposited into the imprest account shall not exceed $1,000,000. Attachment to Schedule 2 TABLE ALLOCATION AND WITHDRAWAL OF GRANT PROCEEDS (Road Sector Improvement Project) CATEGORY ADB FINANCING Number Item Amount Allocated $ Percentage Category Subcategory 1 Civil Works 6,990,000 1A Aituto - Same 1,683,000 76 1B Viqueque - Uatucarbau 1,032,000 76 1C Oeleu - Zumalai 3,971,000 76 1D Iliomar - Lospalos 304,000 61 2 Consulting Services 1,525,000 100* 3 Community Empowerment Initiative 560,000 100* 4 Unallocated 925,000 Total $10,000,000 * Exclusive of local taxes SCHEDULE 3 Procurement
Imprest Account. 5. Except as ADB may otherwise agree, the Borrower shall cause the Bank of Mongolia to establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with the Loan Disbursement Handbook, and detailed arrangements agreed upon between the Borrower and ADB. The imprest account shall only be used for the purposes of the Project. The currency of the imprest account shall be the Dollar. The maximum ceiling for the imprest account shall not exceed the equivalent of ten (10) percent of the Loan amount, unless otherwise agreed between the Borrower and ADB. Schedule 3 Condition for Withdrawals from Loan Account
Imprest Account. 2 A. COUNTY shall require the Intermediary to maintain an account, herein referred to as the 3 Imprest Account, for the purpose of depositing and disbursing Funds to CLINIC, as specified in 4 COUNTY’S Agreement with Intermediary. October
Imprest Account. 5. Except as ADB may otherwise agree, the Borrower shall establish immediately after the Effective Date, an imprest account at the Reserve Bank of Vanuatu. The imprest account shall be established, managed, replenished and liquidated in accordance with the Loan Disbursement Handbook, and detailed arrangements agreed upon between the Borrower and ADB. The imprest account shall only be used for the purposes of the Project. The currency of the imprest account shall be the Dollar. The ceiling for the Schedule 3 imprest account shall not exceed the lower of (i) the estimated expenditure to be financed from the imprest account for 6 months of Project implementation, or (ii) $200,000. Attachment to Schedule 3 TABLE ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS (Interisland Shipping Support Project) CATEGORY ADB FINANCING Number Item Total Amount Allocated for ADB Financing Percentage and Basis for Withdrawal from the Loan Account (SDR) 1 Civil Works 5,939,000 57.3% of total expenditure claimed 2 Shipping Support Scheme 236,000 36.3% of total expenditure claimed 3 Unallocated 533,000 Total 6,708,000 SCHEDULE 4 Procurement of Goods, Works and Consulting Services General
Imprest Account. 4. Except as ADB may otherwise agree, the Recipient shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with ADB's "Loan Disbursement Handbook" dated January 2007, as amended from time to time, and detailed arrangements agreed upon between the Recipient and ADB. The total amount to be deposited into the imprest account will be $90,000. The statement of expenditure procedures will be used to reimburse eligible expenditures and liquidate advances to the imprest account. The ceiling on the statement of expenditure per payment is $30,000. Schedule 2 Retroactive Financing
Imprest Account. 6. Except as ADB may otherwise agree, the Borrower shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in Schedule 3 accordance with the Loan Disbursement Handbook, and detailed arrangements agreed upon between the Borrower and ADB. The imprest account shall only be used for the purposes of the Project. The currency of the imprest account shall be the Dollar. The ceiling for the imprest account shall not exceed the lower of (i) the estimated expenditure to be financed from the imprest account for the first 6 months of Project implementation, or (ii) the equivalent of 10% of the Loan amount. Attachment to Schedule 3 TABLE ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS (Bridge Replacement for Improved Rural Access Sector Project) CATEGORY ADB FINANCING Number Item Total Amount Allocated for ADB Financing Percentage and Basis for Withdrawal from the Loan Account (SDR) Category 1 Works 15,417,000 34% of total expenditure claimed 2 Consulting Services 5,270,000 100% of total expenditure claimed* 3 Road Safety Awareness in Rural Areas 307,000 100% of total expenditure claimed* 4 Capacity Development of DOW’s BAMS 397,000 100% of total expenditure claimed* 5 Project Administration 434,000 100% of total expenditure claimed* 6 Interest Charge 880,000 100% of amounts due 7 Unallocated 8,294,000 Total 30,999,000 * Exclusive of taxes and duties imposed within the territory of the Borrower. SCHEDULE 4
