Local Expenditure Sample Clauses

Local Expenditure. 5. Except as ADB may otherwise agree, no withdrawals from the Loan Account shall be made in respect of any local expenditure on the Project. Interest and Commitment Charge
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Local Expenditure. 5. (a) Loan proceeds up to the amount equivalent to SDR25,070,000 may be withdrawn from the Loan Account in foreign currency for the purposes of financing local expenditure.
Sample 1
Local Expenditure. 5. (a) Loan proceeds up to the amount equivalent to thirty million five hundred and thirty eight thousand Special Drawing Rights (SDR30,538,000) may be withdrawn from the Loan Account in foreign currency for the purposes of financing local expenditure.
Sample 1

Related to Local Expenditure

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

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