Common use of Use of Proceeds of the Grant Clause in Contracts

Use of Proceeds of the Grant. (a) The Recipient shall lend a portion of the Grant proceeds in the amount of $15,000,000 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 Grant shall include a term of 32 years, with 8 year grace period, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement. Section 3.02. The proceeds of the Grant shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.03. Except as ADB may otherwise agree, the Recipient shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Grant in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works and Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. (a) The Recipient shall lend a portion of the Grant proceeds in the amount of $15,000,000 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 Grant shall include a term of 32 years, with 8 year grace period, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement and the Project Agreement. (b) The Recipient shall make a portion of the proceeds of the Grant equivalent to US$5,616,300 available to ADBL for Component 1(a) of the Project upon terms and conditions satisfactory to ADB and shall cause ADBL 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. (c) The Recipient shall make a portion of the proceeds of the Grant equivalent to US$307,100 available to SFDB for Component 1(b) of the Project upon terms and conditions satisfactory to ADB and shall cause SFDB 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. (d) The Recipient shall make a portion of the proceeds of the Grant equivalent to US$2,220,700 available to NRB for Components 2, 3 and 4 of the Project upon terms and conditions satisfactory to ADB and shall cause NRB 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. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Grant and the allocation of amounts of the Grant among different categories of such Goods, Works and consulting services and other items of expenditure shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.03. Except as ADB may otherwise agree, the Recipient shall procureall Goods, or cause to be procured, the items of expenditure Works and consulting services to be financed out of the proceeds of the Grant shall be procured in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works and Consulting Services consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; , and (b) Goods, Works and Consulting Services consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.063.05. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 30 June 2009 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. (a) The Recipient shall lend a portion of the Grant proceeds in the amount of $15,000,000 to DABS under a Subsidiary Loan Agreement upon terms and conditions satisfactory to ADBSection 3.01. Except as ADB shall may otherwise agree, : (a) the terms for lending Recipient shall make available to MPPW twenty-eight million one hundred thousand Dollars ($28,100,000) of the Grant and shall cause MPPW to apply proceeds of the Grant shall include a term of 32 years, with 8 year grace period, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on under the Project in accordance with the provisions of this Grant Agreement; and (b) the Recipient shall lend to TDF seventeen million Dollars ($17,000,000) of the Grant under the Subsidiary Loan Agreement upon terms and conditions satisfactory to ADB and shall cause TDF to apply such loan proceeds to the financing of expenditures under Component 2 of the Project. Except as ADB shall otherwise agree, the terms and conditions of the loan to TDF shall include a repayment period of twenty (20) years, including a grace period of five (5) years, and an interest rate not exceeding three per cent (3%) per annum. The Recipient shall apply all amounts repaid by TDF under the Subsidiary Loan Agreement to poverty reduction programs in Nepal. The Recipient shall cause TDF to onlend the loan proceeds under the Subloan Agreements to WUSCs, participating in the Project at an interest rate not exceeding five per cent (5%) per annum, with a repayment period of up to twenty (20) years including a grace period of up to five (5) years. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Grant and the allocation of amounts of the Grant among different categories of such Goods, Works and consulting services and other items of expenditure shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.03. Except as ADB may otherwise agree, the Recipient shall procureall Goods, or cause to be procured, the items of expenditure Works and consulting services to be financed out of the proceeds of the Grant shall be procured in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works and Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. (a) Section 3.01. The Recipient shall lend make a portion of the Grant proceeds in the amount of $15,000,000 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 Grant shall include a term in the amount of 32 years, with 8 year grace period, one million two hundred thousand Dollars ($1,200,000) available to MoF and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the MoF to apply such proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied exclusively to the financing of expenditures on Part A of the Project in accordance with the provisions of this Grant Agreement. (a) The Recipient shall relend a portion of the proceeds of the Grant in the amount of eight million eight hundred thousand Dollars ($8,800,000) equivalent (“Credit Line”) to PFIs under Subsidiary Loan Agreements to be concluded with each PFI upon terms and conditions satisfactory to ADB. Ten percent of the Credit Line will be allocated to each of IMON International and Arvand and the remaining eighty percent of the Credit Line (“Remaining Amount”) will be allocated to PFI(s) selected by the Recipient and acceptable to ADB. If, as at the date that is 12 months after the Effective Date, any portion of the Remaining Amount remains unallocated, such portion will be divided and allocated in equal amounts to PFIs selected as at that date and the Recipient and the PFIs will enter into, or amend, Subsidiary Loan Agreements accordingly. (b) Except as ADB shall otherwise agree, the terms for relending the proceeds of the Grant under each Subsidiary Loan Agreement shall include: (i) a total Subsidiary Loan amount satisfactory to ADB; (ii) denomination in TJS; (iii) a repayment period of 5 years; and (iv) interest at a rate equivalent to the NBT refinancing rate prevailing on the date of the Subsidiary Loan Agreement, such rate to be reset on each annual anniversary of the Subsidiary Loan Agreement during the term of the Subsidiary Loan Agreement to reflect the then prevailing NBT refinancing rate. ADB will enter into Project Agreements with each PFI. (c) The Recipient shall cause the proceeds of the Grant described in subsection (a) above to be applied to the financing of Part B of the Project in accordance with the provisions of this Grant Agreement and each Project Agreement. Except as ADB may otherwise agree, such proceeds shall be used only for making Subloans to Qualified Subborrowers for Qualified Subprojects and shall be applied exclusively to the cost of Goods, Works and Consulting Services required to carry out such Qualified Subprojects. Section 3.023.03. The proceeds of the Grant shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.033.04. Except as ADB may otherwise agree, the Recipient shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Grant in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works and Consulting Services under Part A of the Project shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 30 June 2019 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. Section 3.01. The Recipient shall make available, (a) The Recipient shall lend a portion an amount of twelve million and twelve thousand Dollars ($12,012,000) to NRB, under an Administration Agreement satisfactory to ADB, for the purpose of carrying out Part A of the Project, and cause such proceeds to be applied for subgrants denominated in Nepali Rupees by Qualified Enterprises for Qualified Subprojects in accordance with the provisions of this Grant proceeds in Agreement and the NRB Project Agreement; (b) an amount of six hundred and twenty thousand Dollars ($15,000,000 620,000) to DABS AEC, under a Subsidiary Loan Grant Agreement upon terms and conditions satisfactory to ADB. Except as ADB shall otherwise agree, to support implementation of post harvest programs under the terms for lending Project, and cause AEC to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement and the AEC Project Agreement; and (c) the balance of the proceeds of the Grant shall include a term to DOA for the purpose of 32 years, with 8 year grace periodcarrying out Parts B and C of the Project, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the DOA to apply such proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement. Section 3.02. NRB shall make subgrants to Qualified Enterprises under AGF Grant Agreements, satisfactory to ADB, only upon approval of such subgrants by DOA (and ADB, where applicable), and NRB and DOA shall cause the Qualified Enterprises to apply the proceeds of the subgrants to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement and the NRB Project Agreement. Section 3.03. The proceeds of the Grant shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.03. (a) Except as ADB may otherwise agree, the Recipient shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Grant in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. (b) Except as ADB may otherwise agree, the Recipient shall cause all items portion of expenditure financed out of the proceeds of the Grant made available to NRB shall be used only for making subgrants to Qualified Enterprises and shall be applied exclusively to the cost of Goods, Works and Consulting Services and other items of expenditure required to carry out the Qualified Subprojects in respect of which the carrying out of the ProjectGrant was withdrawn. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works and Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 30 June 2018 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. (a) The Recipient shall lend a portion of the Grant proceeds in the amount of $15,000,000 to DABS under a Subsidiary Loan Agreement upon terms and conditions satisfactory to ADBSection 3.01. Except as ADB shall otherwise agree, the terms for lending the proceeds of the Grant shall include a term of 32 years, with 8 year grace period, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant AgreementAgreement and will make portions of such proceeds available to each Project Executing Agency accordingly. Section 3.02. The proceeds of the Grant shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. (a) The Recipient shall relend portions of the proceeds of the Grant in the amount of the TJS equivalent of one million nine hundred thousand Dollars ($1,900,000) (“Climate Resilient Agriculture Credit Line”) and the amount of the TJS equivalent of nine hundred twenty-four thousand Dollars ($924,000) (“Income Diversification Credit Line”) (together “Credit Lines”) to PFIs under Subsidiary Loan Agreements to be concluded with each PFI upon terms and conditions satisfactory to ADB. One half of each of the Credit Lines will be allocated in equal portions to IMON International and OXUS and the remaining one half of each of the Credit Lines (“Remaining Amount”) will be allocated to PFI(s) selected by the Recipient and acceptable to ADB. If as at 31 December 2016, any portion of the Remaining Amount remains unallocated, such portion will be divided and allocated in equal amounts to PFIs selected as at that date and the Recipient and the PFIs will enter into, or amend, Subsidiary Loan Agreements accordingly. (b) Except as ADB shall otherwise agree, the terms for relending the proceeds of the Grant under each Subsidiary Loan Agreement shall include: (i) a total Subsidiary Loan amount acceptable to ADB; (ii) denomination in TJS; (iii) a repayment period of 5 years; and (iv) interest at a rate equivalent to the NBT refinancing rate prevailing on the date of the Subsidiary Loan Agreement, such rate to be reset on each annual anniversary of the Subsidiary Loan Agreement during the term of the Subsidiary Loan Agreement to reflect the then prevailing NBT refinancing rate. ADB will enter into Project Agreements with each PFI. (c) If there is any change to the composition of the PFIs as described in subsection (a) hereinabove, and/or there is a need to reallocate the proceeds of the Grant for more effective implementation of Part D of the Project, the Recipient shall reallocate the Grant proceeds among the PFIs in a manner acceptable to ADB. (d) The Recipient shall cause the proceeds of the Grant described in subsection (a) above to be applied to the financing of Part D of the Project in accordance with the provisions of this Grant Agreement and the applicable Project Agreements. Except as ADB may otherwise agree, such proceeds shall be used only for making Subloans to Eligible Subborrowers for Eligible Subborrower Subprojects and shall be applied exclusively to the cost of Goods, Works and Consulting Services required to carry out such Eligible Subborrower Subprojects. Section 3.033.04. Except as ADB may otherwise agree, the Recipient shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Grant in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works and Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; , and (b) Goods, Works and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 30 June 2020 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. (a) The Recipient shall lend a portion make the proceeds of the Grant proceeds in available to the amount of $15,000,000 to DABS under a Subsidiary Loan Agreement Project Executing Agency upon terms and conditions satisfactory to ADB. Except as ADB shall otherwise agree, the terms for lending the proceeds of the Grant shall include a term of 32 years, with 8 year grace period, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the Project Executing Agency to apply such proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on the activities under the Project detailed in Schedule 1 to this Grant Agreement in accordance with the provisions of this Grant Agreement and the Project Agreement. (b) The Recipient agrees that the proceeds of the Grant may be used to pay to the third parties fees and charges, if any, payable to such third parties. ADB shall be entitled to withdraw from the Grant Account and pay to such third parties, on behalf of the Recipient, the amounts required to meet payments, when due, of such fees and other charges. Section 3.02. The proceeds of the Grant shall be allocated and withdrawn in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.03. Except as ADB may otherwise agree, the Recipient shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Grant in accordance with the provisions of Schedule 3 4 to this Grant the Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Projectactivities under the Project detailed in Schedule 1 to this Grant Agreement. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works Goods and Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works Goods and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 30 June 2020 or such other date as may from time to time be agreed between the Recipient and ADB.

Use of Proceeds of the Grant. (a) Section 3.01. The Recipient shall lend a portion of the Grant proceeds in the amount of $15,000,000 to DABS under a Subsidiary Loan Agreement shall, upon terms and conditions satisfactory to ADB. Except as ADB shall otherwise agree, (a) lend to BDFC an amount of five million dollars ($5,000,000) for the purpose of carrying out Part A of the Project, and cause BDFC to apply such proceeds for financing specific development projects by making Subloans for Qualified Projects to Qualified Enterprises in accordance with the terms for lending provisions of this Grant Agreement and the Project Agreement; and (b) make available the balance of the proceeds of the Grant shall include a term to MEA for the purpose of 32 years, with 8 year grace periodcarrying out Parts B and C of the Project, and interest at the rate of 1% per annum during grace period and 1.5% per annum thereafter, with the foreign exchange risk being borne by DABS. (b) The Recipient shall cause the MEA to apply such proceeds of the Grant (including the amount referred to under sub-Section [a] above) to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement. Section 3.02(a) The Recipient shall enter into a loan agreement with BDFC, providing inter alia for the lending of the proceeds of the Grant to BDFC to carry out Part A of the Project, a term of 20 years including a grace period of 5 years, and the rights of the Recipient and ADB with respect thereto. Such BDFC Loan Agreement shall be in form and on terms and conditions acceptable to ADB, and shall be without prejudice to, and without limitation on, the obligations of the Recipient under this Grant Agreement. (b) The proceeds of the Grant Xxxxx xxxx to BDFC shall carry an interest rate equivalent to weighted average deposit rate published by RMA from time to time and prevailing on the date of withdrawal. The weighted average deposit rate shall be allocated adjusted at three- monthly intervals. (a) Subject to Section 3.03(b) below, the Goods, Works, and withdrawn consulting services, and other items of expenditure to be financed out of the proceeds of the Grant and the allocation of amounts of the Grant among different categories of such Goods, Works, and consulting services and other items of expenditure shall be in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. (b) Except as ADB may otherwise agree, the proceeds of the Xxxxx xxxx to BDFC shall be used only for making Subloans to Qualified Enterprises and shall be applied exclusively to the cost of Goods, Works and consulting services and other items of expenditure required to carry out the Qualified Projects in respect of which the Grant was withdrawn. Section 3.033.04. Except as ADB may otherwise agree, the Recipient shall procureall Goods, or cause to be procuredWorks, the items of expenditure and consulting services to be financed out of the proceeds of the Grant shall be procured in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Except as ADB may otherwise agree, the Recipient shall cause all items of expenditure financed out of the proceeds of the Grant to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Grant Account in respect of Goods, Works Works, and Consulting Services consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; , and (b) Goods, Works Works, and Consulting Services consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 31 March 2015 30 June 2012 or such other date as may from time to time be agreed between the Recipient and ADB.