Withdrawal of Loan Proceeds. Except as ADB may otherwise agree, the following provisions of this Schedule shall apply to the withdrawal of Loan proceeds from the Loan Account.
Withdrawal of Loan Proceeds. If, at any time prior to the receipt by the Bank of a request for withdrawal of an amount of the Loan, the Bank determines that a review of the Borrower’s macroeconomic policy framework or of its progress in carrying out the Program is warranted, the Bank shall give notice to the Borrower to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Loan Balance unless and until the Bank has notified the Borrower of its satisfaction, after an exchange of views as described in paragraphs (a) and (b) of said Section 3.01, with:
(1) the progress achieved by the Borrower in carrying out the Program; and (2) the appropriateness of the Borrower’s macroeconomic policy framework.
Withdrawal of Loan Proceeds. 1. No withdrawal shall be made of the Single Withdrawal Tranche unless the Bank is satisfied, based on evidence satisfactory to it, that (i) a proclamation declaring a State of Calamity has been issued by the Borrower’s President due to an imminent or occurring natural catastrophe and/or a public health emergency; and/or (ii) a proclamation declaring a State of Public Health Emergency has been issued by the Borrower’s President due to a public health emergency.
2. Notwithstanding the foregoing, if, at any time prior to the receipt by the Bank of a request for withdrawal of an amount of the Loan, the Bank determines that a review of the Borrower’s progress in carrying out the Program is warranted, the Bank shall give notice to the Borrower to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Loan Balance unless and until the Bank has notified the Borrower of its satisfaction, after an exchange of views as described in paragraphs (a) and (b) of Section 3.01 of Article III of this Agreement, with the progress achieved by the Borrower in carrying out the Program.
3. No withdrawal shall be made of the Single Withdrawal Tranche unless the Bank is satisfied, based on evidence satisfactory to it, that the situation described in paragraph (c) of Section 3.01 of Article III of this Agreement has been resolved.
Withdrawal of Loan Proceeds. 1. No withdrawal shall be made of the Single Withdrawal Tranche unless the Bank is satisfied, based on evidence satisfactory to it, that a State of Emergency (Estado de Emergencia) exists in the Borrower’s territory as a result of a natural disaster which has been declared by the Borrower, through an Executive Decree (Decreto Ejecutivo), all in accordance with the Borrower’s legislation.
Withdrawal of Loan Proceeds. 1. No withdrawal shall be made of the Tranche unless the Bank is satisfied, based on evidence satisfactory to it, that a national State of Emergency (Estado de Emergencia) exists in the Borrower’s territory as a result of a natural disaster which has been declared by the Borrower, through a Decreto Supremo (Presidential Decree), all in accordance with the Borrower’s legislation.
2. Notwithstanding the foregoing, if, at any time prior to the receipt by the Bank of a request for withdrawal of an amount of the Loan, the Bank determines that a review of the Borrower’s progress in carrying out the Program is warranted, the Bank shall give notice to the Borrower to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Loan Balance unless and until the Bank has notified the Borrower of its satisfaction, after an exchange of views as described in paragraphs (a) and (b) of said Section 3.01, with the progress achieved by the Borrower in carrying out the Program.
Withdrawal of Loan Proceeds. 1. Without limitation upon the provisions of Article II of the General Conditions and in accordance with the Disbursement and Financial Information Letter, the Borrower may withdraw the proceeds of the Loan to: (a) finance Eligible Expenditures; and (b) pay: (i) the Front-end Fee; and (ii) each Interest Rate Cap or Interest Rate Collar premium; in the amount allocated and, if applicable, up to the percentage set forth against each Category of the following table:
(1) Eligible Expenditure Programs for Part 1 of the Project 120,000,000 100%
(2) Goods, works, non- consulting services, consulting services and Training for Part 2 of the Project 4,687,500 100% (3) Front-end Fee 312,500 Amount payable pursuant to Section 2.03 of this Agreement in accordance with Section 2.07 (b) of the General Conditions
Withdrawal of Loan Proceeds. A. General
1. Without limitation upon the provisions of Article II of the General Conditions and in accordance with the Disbursement and Financial Information Letter, the Borrower may
2. The following table specifies each category of withdrawal of the proceeds of the Loan (including the DLIs as applicable) (“Category”), and the allocation of the amounts of the Loan to each Category; provided that for the purpose of Categories (1) to (7) of the table below, the actual amount authorized for disbursement (“Allocated Amount”) based on the formula for its determination upon the achievement of an individual DLR for any given DLI financed under such Category, shall be calculated as set forth in Schedule 3 to this Agreement.
(1) DLI #1: Stakeholder owned planning systems institutionalized 75,000,000
(2) DLI #2: Performance grants to schools to incentivize improved outcomes 50,000,000
(3) DLI #3: Improved foundational learning outcomes at the lower primary level 75,000,000
(4) DLI #4: Strengthened teacher development for classroom performance 75,000,000
(5) DLI #5: Improved learning environment in schools and teacher education institutions 148,750,000
(6) DLI #6: Improved learning assessment systems for focused remedial programs 50,000,000
(7) DLI #7: COVID-19 response strategies built in for systemic resilience 25,000,000 (8) Front-end Fee to be paid pursuant to Section 2.03 of this Agreement in accordance with Section 2.05 (b) of the General Conditions 1,250,000
Withdrawal of Loan Proceeds. A. General1 Without limitation upon the provisions of Article II of the General Conditions and in accordance with the Disbursement and Financial Information Letter, the Borrower may withdraw the proceeds of the Loan to: (a) finance Eligible Expenditures; and (b) pay: (i) the Front-end Fee; and (ii) each Interest Rate Cap or Interest Rate Collar premium; in the amount allocated and, if applicable, up to the percentage set forth against each Category of the following table: Category Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be financed (exclusive of Taxes other than Withheld Taxes)
(1) Goods, works, non-consulting services, consulting services, Training and Operating Costs under the Project (excluding Sub-Loans under Part 3.1 of the Project) 0 100% 1 This section will be finalized based on the Borrower’s selection in the LCW. Category Amount of the Loan Allocated (expressed in USD) Percentage of Expenditures to be financed (exclusive of Taxes other than Withheld Taxes)
(2) Sub-Loans under Part 3.1 of the Project 89,775,000 100% (3) Front-end Fee 225,000 Amount payable pursuant to Section 2.03 of this Agreement in accordance with Section 2.07 (b) of the General Conditions
Withdrawal of Loan Proceeds. Except as set out in this Schedule or as ADB may otherwise agree, the Loan proceeds shall be disbursed in accordance with the Loan Disbursement Handbook.
Withdrawal of Loan Proceeds. If, at any time prior to the receipt by the Bank of a request for withdrawal of an amount of the Loan, in the course of its monitoring referred to in Section 3.01 of this Agreement, the Bank determines that a review of the Borrower’s macroeconomic policy framework or of its progress in carrying out the Program is warranted, the Bank shall give notice to the Borrower to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Loan Balance unless and until the Bank has notified the Borrower of its satisfaction, after an exchange of views as described in paragraphs (a) and (b) of said Section 3.01, with:
(1) the progress achieved by the Borrower in carrying out the Program; and (2) the appropriateness of the Borrower’s macroeconomic policy framework.
