Common use of Statement of Expenditures Clause in Contracts

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB (Loan Imprest Account). The Loan Imprest Account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary and ADB. The currency of the Loan Imprest Account shall be Dollars. The initial amount to be deposited into the Loan Imprest Account shall not exceed the lower of (i) the estimated expenditure for the first six months of Project implementation, or (ii) the equivalent of ten (10) percent of the Loan amount.

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary Borrower shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable satisfactory to ADB (Loan Imprest Account)ADB. The Loan Imprest Account imprest account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary Borrower and ADB. The currency of the Loan Imprest Account imprest account shall be DollarsU.S. dollar. The initial amount to be deposited into the Loan Imprest Account imprest account shall not exceed the lower of (i) the estimated expenditure for the first six months of Project implementation, or (ii) the equivalent of ten (10) percent of the Loan amount.

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB (Loan Imprest Account)ADB. The Loan Imprest Account imprest account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary and ADB. The currency of the Loan Imprest Account imprest account shall be DollarsDollar. The initial amount to be deposited into the Loan Imprest Account imprest account shall not exceed the lower of (i) the estimated expenditure to be financed from the imprest account for the first six months of Project implementation, or (ii) the equivalent of ten (10) percent of the Loan amount.

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB (Loan Grant Imprest Account). The Loan Grant Imprest Account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary and ADB. The currency of the Loan Grant Imprest Account shall be Dollars. The initial amount to be deposited into the Loan Grant Imprest Account shall not exceed the lower of (i) the estimated expenditure for the first six months of Project implementation, or (ii) the equivalent of ten (10) percent of the Loan Grant amount.