Common use of The Grant Clause in Contracts

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve million five hundred thousand Special Drawing Rights (SDR 12,500,000). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 and December 1 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve ten million five three hundred thousand Special Drawing Rights (SDR 12,500,00010,300,000). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 May 15 and December 1 November 15 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve two million five eight hundred thousand Special Drawing Rights (SDR 12,500,0002,800,000). Section 2.02. The amount of the Grant may be withdrawn by the Association on behalf of the Recipient from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works services and services operating costs (hereinafter referred to as Eligible Expenditures) required for carrying out the Project and to be financed out of the proceeds of the Grant. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, by the Recipient; and (iii) in Euro dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June March 1 and December September 1 in each year. Section 2.05. The Closing Date (as defined in Section 2.01 of the General Conditions) shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve six million five nine hundred thousand Special Drawing Rights (SDR 12,500,0006,900,000). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works goods and services required for carrying out the Project and to be financed out of the proceeds of the Grant. (b) The Recipient may, for the purposes of the Project, open and maintain in Dollar a separate special deposit account in a commercial bank on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure or attachment. Deposits into, and payments out of the Special Account shall be made in accordance with the provisions of Schedule 4 to this Agreement. (c) Promptly after the Effective Date, the Association shall, on behalf of the Recipient, withdraw from the Grant Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be canceled. Section 2.03. The Closing Date shall be March 31, 2010 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro Dollar or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.042.05. Commitment charges shall be payable semiannually on June 1 May 15 and December 1 November 15 in each year. Section 2.052.06. The Closing Date shall be September 30, 2007, or such later date as currency of the Association shall establish. The Association shall promptly notify United States of America is hereby specified for the Recipient purposes of such later dateSection 4.02 of the General Conditions.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve fifty three million five nine hundred thousand Special Drawing Rights (SDR 12,500,00053,900,000) (the Grant). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant; (b) The Recipient may, for the purposes of the Project, open and maintain in US Dollars a special deposit account in a commercial bank on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure or attachment. Deposits into, and payments out of the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. (c) Promptly after the Effective Date, the Association shall, on behalf of the Recipient, withdraw from the Grant Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The un-withdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be canceled. Section 2.03. The Closing Date shall be September 30, 2010 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro Dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.042.05. Commitment charges shall be payable semiannually on June March 1 and December September 1 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. (a) The Association Administrator agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies that shall have an aggregate value equivalent to twelve the amount of forty million five hundred thousand Special Drawing Rights United States Dollars (SDR 12,500,000US$40,000,000). Section 2.02(b) Further Grant Funds may be added to the Grant as Donor contributions to the Trust Fund may be made from time to time. The Administrator shall periodically inform the Recipient of such contributions and any ensuing increase in the amount of the Grant, and shall take all action required on its part to modify this Agreement in order to reflect the increase in the Grant amount. (c) The Administrator may invest the Grant Funds pending their disbursements in any instrument in which the Administrator is authorized to invest its own funds. The investment income earned on the Grant Funds, pending their disbursement, shall be credited to the Trust Fund and shall be used to finance Eligible Expenditures and/or expenditures under Other Grant Agreements as may from time to time be decided by the Management Committee. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) Agreement for amounts paid (payments made or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association Administrator shall so agree, to be made) made in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annumEligible Expenditures. (b) The commitment charge shall accrue: Recipient may open and maintain in dollars two (i2) from the date sixty days after the date of this Agreement (the accrual date) separate special deposit accounts in its central bank on terms and conditions satisfactory to the respective dates on which amounts Administrator. Special Account “A” shall be withdrawn by used exclusively to finance Eligible Expenditures under Category (1), set forth in the Recipient from the Grant table in paragraph 1 of Schedule 1 to this Agreement, while Special Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year “B” shall be applied from used exclusively to finance Eligible Expenditures under Category (2), set forth in the next date table in that year specified paragraph 1 of Schedule 1 to this Agreement. Deposits into, and payments out of, a Special Account shall be made in Section 2.04 accordance with the provisions of Schedule 3 to this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 and December 1 in each year. Section 2.052.03. The Closing Date shall be September June 30, 20072006, or such later date as the Association Administrator shall establish. The Association Administrator shall promptly notify the Recipient of such later date. Section 2.04. The Administrator shall be obligated to make payments to or on behalf of the Recipient from the proceeds of the Grant only to the extent that an amount adequate to cover such payments shall have been paid by Donors into the Trust Fund. Section 2.05. Expect as the Administrator shall otherwise agree, procurement of goods and services to be financed out of the proceeds of the Grant shall be governed by the provisions of Schedule 2 to this Agreement and the Annex thereto.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve twenty-three million five one hundred thousand Special Drawing Rights (SDR 12,500,00023,100,000). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: Agreement (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (bi) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works goods and services required for the carrying out of Parts B (except Part B.1 (d)) and C of the Project and to be financed out of the proceeds of the Grant; and (ii) for amounts paid (or, if the Association shall so agree, to be paid) by the Recipient on account of a Sub-grant made under Parts A and B.1 (d) of the Project to meet the reasonable cost of goods and services required for an activity and in respect of which the withdrawal from the Grant Account is requested. (b) The Recipient may, for the purposes of the Project, open and maintain in Dollars a special deposit account in a commercial bank on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be December 31, 2011 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro US Dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.042.05. Commitment charges shall be payable semiannually semi-annually on June 1 April 15 and December 1 October 15 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this the Development Grant Agreement, an amount in various currencies equivalent to twelve twenty two million five hundred thousand Special Drawing Rights (SDR 12,500,00022,000,000). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: Agreement for: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant; and (b) amounts paid (or, if the Association shall so agree, amount to be paid) by the Recipient on account of withdrawals made under DSS Grants to meet the reasonable cost of goods, works and services to be financed under Part D.1 of the Project, in respect of which the withdrawal from the Grant Account is requested. Section 2.03. The Closing Date shall be September 15, 2010 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 2.06 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro the currency specified in this Agreement for the purposes of Section 4.02 of the General Conditions or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditionsthat Section. Section 2.042.05. Commitment charges shall be payable semiannually on June 1 15 and December 1 15 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, a grant in an amount in various currencies equivalent to twelve four million five seven hundred thousand Special Drawing Rights SDR 4,700,000) (SDR 12,500,000the Grant). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant. Section 2.03. The Closing Date shall be February 28, 2010, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty (60) days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceledcancelled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, by the Recipient or in the territory of, the RecipientKosovo; and (iii) in Euro Euros or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.042.05. Commitment charges shall be payable semiannually semi-annually on January 15 and June 1 and December 1 15 in each year. Section 2.052.06. The Closing Date With respect to any action required or permitted to be taken under the provisions of Section 2.02 of this Agreement and Article V of the General Conditions, the Recipient shall ensure that applications for withdrawal of the Grant from the Grant Account shall be September 30, 2007, or such later date as prepared by the MEF in the form specified and satisfactory to the Association and shall establish. The Association shall promptly notify be signed by one duly authorized representative of the Recipient MTI and one duly authorized representative of such later datethe MEF.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve six million five seven hundred thousand Special Drawing Rights (SDR 12,500,0006,700,000). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant. (b) The Recipient may, for the purposes of the Project, open and maintain in United States Dollars a special deposit account in the Bank of Guyana on terms and conditions satisfactory to the Association. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 4 to this Agreement. (c) Promptly after the Effective Date, the Association shall, on behalf of the Recipient, withdraw from the Grant Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be cancelled. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro Dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 15 and December 1 15 in each year. Section 2.05. The Closing Date shall be September June 30, 2007, 2009 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this the Development Grant Agreement, an amount in various currencies equivalent to twelve twenty two million five hundred thousand Special Drawing Rights (SDR 12,500,00022,000,000). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this AgreementAgreement for: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grant; and (b) amounts paid (or, if the Association shall so agree, amount to be paid) by the Recipient on account of withdrawals made under DSS Grants to meet the reasonable cost of goods, works and services to be financed under Part D.1 of the Project, in respect of which the withdrawal from the Grant Account is requested. Section 2.03. The Closing Date shall be September 15, 2010 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 2.06 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro the currency specified in this Agreement for the purposes of Section 4.02 of the General Conditions or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditionsthat Section. Section 2.042.05. Commitment charges shall be payable semiannually on June 1 15 and December 1 15 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve ten million five one hundred thousand Special Drawing Rights (SDR 12,500,00010,100,000). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this AgreementAgreement for: (ai) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out of the Project and to be financed out of the proceeds of the Grant; and (ii) amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made by a Beneficiary of a Sub-grant to meet the reasonable cost of goods, works and services required for the implementation of a Sub-project under Part B.1 of the Project in respect of which the withdrawal from the Grant Account is requested. (b) The Recipient may, for the purposes of the Project, open and maintain in Dollars, a special deposit account in a commercial bank on terms and conditions satisfactory to the Association, including appropriate protection against set off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty (60) days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro Dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 May 15 and December 1 November 15 in each year. Section 2.05. The Closing Date shall be September 30March 31, 2007, 2010 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve three million five hundred thousand thousand----------------------------------- Special Drawing Rights (SDR 12,500,000SDR 3,500,000--------------------------------------). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works goods and services required for carrying out the Project and to be financed out of the proceeds of the Grant. The Recipient may, for the purposes of the Project, open and maintain in Dollars Dollars a special deposit account in a commercial bank acceptable to the Association on terms and conditions satisfactory to the Association, including, appropriate protection against set off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. terms and conditions satisfactory to the Association, including, appropriate protection against set off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro the currency specified in this Agreement orAgreement or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 April---------- 1,st and December 1 --------------- October 1st in each year. Section 2.05. The Closing Date shall be September 30---------- December 31, 20072008, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.. Section 2.06. The currency of Republic of the United States of America is hereby specified for the purposes of Section 4.02 of the General Conditions.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve one million five four hundred thousand Special Drawing Rights (SDR 12,500,0001,400,000). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works goods and services required for carrying out the Project and to be financed out of the proceeds of the Grant. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, by the Recipient; and (iii) in Euro dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 May 15 and December 1 November 15 in each year. Section 2.05. The Closing Date (as defined in Section 2.01 of the General Conditions) shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve ten million five one hundred thousand Special Drawing Rights (SDR 12,500,00010,100,000). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: Agreement for: (ai) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out of the Project and to be financed out of the proceeds of the Grant; and (ii) amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made by a Beneficiary of a Sub-grant to meet the reasonable cost of goods, works and services required for the implementation of a Sub-project under Part B.1 of the Project in respect of which the withdrawal from the Grant Account is requested. (b) The Recipient may, for the purposes of the Project, open and maintain in Dollars, a special deposit account in a commercial bank on terms and conditions satisfactory to the Association, including appropriate protection against set off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty (60) days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro Dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.04. Commitment charges shall be payable semiannually on June 1 May 15 and December 1 November 15 in each year. Section 2.05. The Closing Date shall be September 30March 31, 2007, 2010 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this the Development Grant Agreement, an amount in various currencies equivalent to twelve one hundred two million five and six hundred thousand Special Drawing Rights (SDR 12,500,000102,600,000). Section 2.02. The amount (a) Subject to the provisions of paragraphs (b) and (c) of this Section, the Recipient shall be entitled to withdraw the proceeds of the Grant may be withdrawn from the Grant Account in accordance with support of the Program. (b) The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Grant Account, and thereafter maintain in BOU, a deposit account in Dollars on terms and conditions satisfactory to the Association. All withdrawals from the Grant Account shall be deposited by the Association into the Deposit Account. (c) The Recipient undertakes that the proceeds of the Grant shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement. If the Association shall have determined at any time that any proceeds of the Grant shall have been used to make a payment for an expenditure so excluded, the Recipient shall, promptly upon notice from the Association: (ai) for amounts paid deposit into the Deposit Account an amount equal to the amount of said payment; or (or, ii) if the Association shall so agreerequest, amounts refund such amount to the Association. Amounts refunded to the Association upon such request shall be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement credited to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (orcancellation. Section 2.03. The Closing Date shall be September 30, if 2005 or such later date as the Association shall so agree, to be made) in respect establish. The Association shall promptly notify the Recipient of the reasonable cost of goods, works and services required for carrying out the Project and to be financed out of the proceeds of the Grantsuch later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty (60) days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceledcancelled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 2.06 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro the currency specified in this Agreement for the purposes of Section 4.02 of the General Conditions or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of that Section. Section 2.05. Commitment charges shall be payable semiannually on February 15 and August 15 in each year. Section 2.06. The currency of the United States of America is hereby specified for the purposes of Section 4.02 of the General Conditions. Section 2.042.07. Commitment charges shall be payable semiannually on June 1 and December 1 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date XXX is designated as the Association shall establish. The Association shall promptly notify representative of the Recipient for the purposes of such later datetaking any action required or permitted to be taken under the provisions of Section 2.02 of this Agreement and Article V of the General Conditions.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, Agreement an amount in various currencies equivalent to twelve forty three million five hundred thousand Special Drawing Rights (SDR 12,500,00043,500,000) (the Grant). Section 2.02. (a) The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of of: (i) the reasonable cost of goods, works goods and services required for carrying out the Project and to be financed out of the proceeds of the Grant, and (ii) amounts paid (or, if the Association shall so agree, to be paid) by a Woreda on account of withdrawals made for the benefit of Beneficiary Communities under Community Grant Agreements, to meet the reasonable cost of goods and services required for Community Subprojects, to be financed under Part A of the Project, and in respect of which the withdrawal from the Grant Account is requested. (b) The Recipient may, for the purposes of the Project, open and maintain in Dollars a special deposit account in NBE. Deposits into, and payments out of the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be December 31, 2006 or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association Association: (i) a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but such rate not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The Each commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the respective rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The respective rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 2.05 of this Agreement. (c) The Each commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, of the Recipient; and (iii) in Euro the currency specified in this Agreement for the purposes of Section 4.02 of the General Conditions or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditionsthat Section. Section 2.042.05. Commitment charges shall be payable semiannually on June 1 February 15 and December 1 August 15 in each year. Section 2.052.06. The Closing Date shall be September 30, 2007, or such later date as currency of the Association shall establish. The Association shall promptly notify United States of America is hereby specified for the Recipient purposes of such later dateSection 4.02 of the General Conditions.

The Grant. Section 2.01. The Association agrees to make available to the Recipient, on the terms and conditions set forth or referred to in this Agreement, an amount in various currencies equivalent to twelve thirteen million five one hundred thousand Special Drawing Rights (SDR 12,500,000SDR13,100,000). Section 2.02. The amount of the Grant may be withdrawn from the Grant Account in accordance with the provisions of Schedule 1 to this Agreement: (a) for amounts paid (or, if the Association shall so agree, amounts to be paid) by the Recipient on account of withdrawals made under a Sub-Grant Agreement to meet the reasonable costs of goods, works and services required for a Sub-Project, in respect of which the withdrawal from the Grant Account is requested; (b) for expenditures made (or, if the Association shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for carrying out Parts B through E of the Project and to be financed out of the proceeds of the Grant. Section 2.03. The Closing Date shall be December 31, 2017, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date. (a) The Recipient shall pay to the Association a commitment charge on the principal amount of the Grant not withdrawn from time to time at a rate to be set by the Association as of June 30 of each year, but not to exceed the rate of one-half of one percent (1/2 of 1%) per annum. (b) The commitment charge shall accrue: (i) from the date sixty days after the date of this Agreement (the accrual date) to the respective dates on which amounts shall be withdrawn by the Recipient from the Grant Account or canceled; and (ii) at the rate set as of the June 30 immediately preceding the accrual date and at such other rates as may be set from time to time thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall be applied from the next date in that year specified in Section 2.04 of this Agreement. (c) The commitment charge shall be paid: (i) at such places as the Association shall reasonably request; (ii) without restrictions of any kind imposed by, or in the territory of, the Recipient; and (iii) in Euro United States Dollars or in such other eligible currency or currencies as may from time to time be designated or selected pursuant to the provisions of Section 4.02 of the General Conditions. Section 2.042.05. Commitment charges shall be payable semiannually on June April 1 and December October 1 in each year. Section 2.05. The Closing Date shall be September 30, 2007, or such later date as the Association shall establish. The Association shall promptly notify the Recipient of such later date.