Withdrawal from the Loan Account Sample Clauses

Withdrawal from the Loan Account. (a) Loan proceeds shall be used only for the purposes of the Project. Subject to any conditions or restrictions specified in this Loan Agreement, the Borrower shall be entitled to withdraw from the Loan Account such amounts as shall have been paid, or, if ADB shall so agree, such amounts as shall be required to meet payments to be made, for the reasonable cost of goods, services and any other expenditures required for the Project and to be financed under this Loan Agreement.
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Withdrawal from the Loan Account. (a) Subject to any conditions or restrictions specified in the Loan Agreement, the Borrower shall be entitled to withdraw from the Loan Account such amounts as shall be required to meet payments for expenditures required for the Program and to be financed under the Loan Agreement.
Withdrawal from the Loan Account. The Borrower shall be entitled to withdraw from the Loan Account amounts paid or, if the Bank shall so agree, to be paid for the purposes of the Project in accordance with the provisions of the Loan Agreement and of these General Conditions."
Withdrawal from the Loan Account. (a) Loan proceeds shall be used only for the purposes of the Project. Subject to any conditions or restrictions specified in this Loan Agreement, the Borrower shall be entitled to withdraw from the Loan Account such amounts as shall have been paid, or, if ADB shall so agree, such amounts as shall be required to meet payments to be made, for the reasonable cost of goods, services and any other expenditures required for the Project and to be financed under this Loan Agreement. If at any time ADB determines that any amount of the Loan proceeds withdrawn from the Loan Account has been used by the Borrower in a manner inconsistent with the provisions of the Loan Agreement, the Borrower shall promptly refund such amount to ADS.

Related to Withdrawal from the Loan Account

  • Withdrawal from the Plan (a) An employee may withdraw from the Plan any time prior to taking the leave of absence. Upon withdrawal, all the deferred salary plus accumulated interest shall be paid to the employee within sixty (60) days of notification of withdrawal from the Plan.

  • Withdrawal of Loan Proceeds 1. Except as ADB may otherwise agree, the following provisions of this Schedule shall apply to the withdrawal of Loan proceeds from the Loan Account.

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