Common use of The Financing Clause in Contracts

The Financing. Section 2.01. The Association agrees to make available to the Borrower, on the terms and conditions set forth or referred to in this Agreement: (a) an amount in various currencies equivalent to nine million five hundred thousand Special Drawing Rights (SDR 9,500,000) (the Credit); and (b) an amount in various currencies equivalent to five million two hundred thousand Special Drawing Rights (SDR 5,200,000) (the Grant). Section 2.02. (a) (i) The amount of the Credit may be withdrawn from the Credit Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of works, goods and services required for Parts C and D of the Project and to be financed out of the proceeds of the Credit; and

The Financing. Section 2.01. The Association agrees to make available to the Borrower, on the terms and conditions set forth or referred to in this Agreement: (a) an amount in various currencies equivalent to nine five million five three hundred thousand Special Drawing Rights (SDR 9,500,0005,300,000) (the Credit); and (b) an amount in various currencies equivalent to five thirteen million two one hundred thousand Special Drawing Rights (SDR 5,200,00013,100,000) (the Grant). Section 2.02. (a) (i) The amount of the Credit may be withdrawn from the Credit Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of works, goods and services works required for Parts C and D Part A.1 (a) of the Project and to be financed out of the proceeds of the Credit; and