Special Accounts. 1. The Recipient shall open and maintain in FCFA in a commercial bank, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment two special deposit accounts, namely: (a) Special Account A for Part A of the Project; and (b) Special Account B for Part B of the Project.
Appears in 3 contracts
Samples: Development Grant Agreement, Development Grant Agreement, Development Grant Agreement
Special Accounts. 1. The Recipient shall may open and maintain in FCFA two special deposit accounts (Special Account A and Special Account B) in a commercial bankbank acceptable to the Association, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment two special deposit accounts, namely: (a) Special Account A for Part A of the Project; and (b) Special Account B for Part B of the Projectattachment.
Appears in 2 contracts
Samples: Development Grant Agreement, Development Grant Agreement
