Common use of The Loan and the Grant Clause in Contracts

The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources: (a) a loan in various currencies equivalent to nine million two hundred twenty four thousand Special Drawing Rights (SDR9,224,000) (“Loan”); and (b) a grant in the amount of twenty million eight hundred and ten Dollars ($20,810,000) (“Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

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The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources: (a) a loan in various currencies equivalent to nine three million one hundred twenty-two hundred twenty four thousand Special Drawing Rights (SDR9,224,000SDR 3,122,000) (“Loan”); and (b) a grant in the amount of twenty ten million eight hundred and ten Dollars ($20,810,00010,000,000) (“Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources: (a) a loan in various currencies equivalent to nine fourteen million two four hundred twenty four forty three thousand Special Drawing Rights (SDR9,224,000SDR14,443,000) (“Loan”); and (b) a grant in the amount of twenty sixteen million eight one hundred and ten thousand Dollars ($20,810,00016,100,000) (“Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources, on terms and conditions set forth in this Financing Agreement: (a) a loan in various currencies equivalent to nine thirty five million two five hundred twenty four fifty thousand Special Drawing Rights (SDR9,224,000SDR35,550,000 ) (“Loan”); and (b) a grant in the amount of twenty nineteen million eight hundred and ten Dollars ($20,810,00019,000,000) (“Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources: (a) a loan in various currencies equivalent to nine sixteen million ninety two hundred twenty four thousand Special Drawing Rights (SDR9,224,000SDR16,092,000) (the “Loan”); and (b) a grant in the amount of twenty seventy million eight hundred and ten Dollars ($20,810,00070,000,000) (the “Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of one percent (1% %) per annum during the grace period, and one and one- half percent (1.5% %) per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

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The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources: (a) a loan in various currencies equivalent to nine four million two seven hundred twenty four thousand Special Drawing Rights (SDR9,224,000SDR4,720,000) (“Loan”); and (b) a grant in the amount of twenty fifty-three million eight four hundred and ten thousand Dollars ($20,810,00053,400,000) (“Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

The Loan and the Grant. Section 2.01. ADB agrees to provide to the Beneficiary from ADB's Special Funds resources: (a) a loan in various currencies equivalent to nine five million two four hundred twenty four twelve thousand Special Drawing Rights (SDR9,224,000SDR5,412,000) (“Loan”); and (b) a grant in the amount of twenty three million eight three hundred and ten thirty thousand Dollars ($20,810,0003,330,000) (“Grant”). Section 2.02. (a) The Beneficiary shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.

Appears in 1 contract

Samples: Financing Agreement

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