Use of Proceeds of the Grant. Section 3.01. The Recipient shall cause the proceeds of the Grant to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement.
Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall lend the proceeds of the Grant (together with the proceeds of the AITF Grant) to DABS under a Subsidiary Loan Agreement upon terms and conditions satisfactory to ADB. Except as ADB shall otherwise agree, the terms for lending the proceeds of the Grants shall include a repayment period of 32 years with a grace period of 8 years, and interest at the rate of 1% per annum during the grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS.
Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall make the proceeds of the Grant available to TPL under a Subsidiary Grant Agreement upon terms and conditions satisfactory to ADB.
Use of Proceeds of the Grant. Section 3.01. The Recipient shall make the proceeds of the Grant available to the Project Implementation Agency upon terms and conditions satisfactory to ADB and shall cause the Project Implementing Agency to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement and the Project Agreement.
Use of Proceeds of the Grant. Section 3.01. The Recipient shall make the proceeds of the Grant available to SPG and shall cause SPG to apply the proceeds of the Grant to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement.
Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall make available the proceeds of the Grant together with other funds required for the Project to NEA under a Subsidiary Grant Agreement upon terms and conditions satisfactory to ADB.
Use of Proceeds of the Grant. Section 3.01. The Recipient shall:
Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall make the proceeds of the Grant available to BWDB upon terms and conditions satisfactory to ADB and shall cause BWDB to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement and the Project Agreement.
Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall make available a part of the proceeds of the Grant to each Pourashava under a Subsidiary Grant Agreement upon terms and conditions satisfactory to ADB.
Use of Proceeds of the Grant. Section 3.01. The Recipient shall make the proceeds of the Grant available to KAJUR in the form of grant and shall cause KAJUR to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement and the Project Agreement.
