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

Use of Proceeds of the Grant. Section 3.01. (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.

Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall lend a portion relend the proceeds of the Grant proceeds in together with other funds required for the amount of $15,000,000 Project to DABS under a Subsidiary Loan Agreement upon terms and conditions satisfactory to ADB. Except as ADB shall otherwise agree, the terms for lending relending the proceeds of the Grant shall include a term of 32 years, with an 8 year grace period, and interest at the rate of 1% per annum during the grace period and 1.5% per annum thereafter, with the . The foreign exchange risk being shall be borne by DABS.

Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall lend a portion relend the proceeds of the Grant (and the proceeds in of the amount of $15,000,000 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 relending the proceeds of the Grant (and the AITF Grant) shall include a term repayment period of 32 years, with including a grace period of 8 year grace periodyears, and interest at the rate of 1% per annum during the grace period and 1.5% per annum thereafter, with the . The foreign exchange risk being shall be borne by DABS.

Use of Proceeds of the Grant. Section 3.01. (a) The Recipient shall lend a portion the proceeds of the Grant (together with the proceeds in of the amount of $15,000,000 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 Grant Grants shall include a term repayment period of 32 years with a grace period of 8 years, with 8 year grace period, 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 lend a portion of the proceeds of the Grant proceeds in the amount of one hundred thirty-eight million six hundred thousand dollars ($15,000,000 138,600,000) 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.