Loan and Grant Accounts. Upon the entry into force of a Financing Agreement, the Fund shall open a Loan Account and/or a Grant Account denominated in the Denomination Currency in the name of the Borrower/Recipient and credit the principal amount of the Loan and/or the amount of the Grant, respectively thereto.
Appears in 3 contracts
Samples: Financing Agreement, Project Agreement, Financing Agreement
Loan and Grant Accounts. Upon the entry into force of a Financing Agreement, the Fund shall open a Loan Account and/or a Grant Account denominated in the Denomination Currency in the name of the Borrower/Recipient and credit the principal amount amounts of the Loan and/or and the amount of the Grant, Grant respectively thereto.
Appears in 2 contracts
Samples: Financing Agreement, webapps.ifad.org
