Common use of Withdrawal of the Proceeds of the Financing Clause in Contracts

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories of Eligible Expenditures that may be financed out of the proceeds of the Financing, the allocations of the amounts of the Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Allocated (Expressed in SDR Equivalent) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % of Expenditures to be Financed (exclusive of Taxes) (1) Goods 590,000 670,000 100% (2) Works 1,750,000 330,000 100% (3) Consultants’ services, including audits 3,573,000 3,300,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) for payments made prior to the date of the Development Grant Agreement; and (b) for the first six Community Grants under Category (5), unless the Association has received satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed by and is binding on the parties thereto. 2. The Closing Date is September 30, 2012.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall may specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing Credit to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Credit Allocated (Expressed expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed (exclusive inclusive of Taxes) ) (1) Works, Goods 590,000 670,000 and Consulting services under Part A. of the Project 35,200,000 100% % (2) Works 1,750,000 330,000 Works, Goods and Consulting services under Part B. of the Project 1,200,000 100% (3) Consultants’ services, including audits 3,573,000 3,300,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0TOTAL AMOUNT 36,400,000 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) made for payments made prior to the date of the Development Grant Agreement; and (b) for the first six Community Grants under Category (5), unless the Association has received satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed by and is binding on the parties thereto. Agreement 2. The Closing Date is September June 30, 20122015. On each April 15 and October 15: Commencing October 15, 2021 to and including April 15, 2031 1% commencing October 15, 2031 to and including April 15, 2051 2% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to to: (a) repay the Preparation Advance in accordance with the provisions of Section 2.07 of the General Conditions; and (b) finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing Credit to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Credit Allocated (Expressed expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed Goods, works (exclusive except as covered by Categories 2 and 3 below), Training, Operating Costs, and consultants’ services (including audits) Works for Part 2 (a) of Taxes) (1) Goods 590,000 670,000 the Project Goods, works, and consultants’ services for Agriculture Sub-projects Refund of Preparation Advance 14,810,000 25,320,000 3,080,000 1,040,000 100% (2) Works 1,750,000 330,000 100% (3) Consultants’ services, including audits 3,573,000 3,300,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 works financed by MINAG 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts the portion of the investment financed by MINAG under each Agriculture Matching Grant Amount payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0650,000 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) made for payments made prior to the date of the Development Grant this Agreement; and (b) for the first six Community Grants under Category (5), unless the Association has received satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed by and is binding on the parties thereto.; 2. The Closing Date is September June 30, 20122017. On each July 15 and January 15: Commencing on July 15, 2021, to and including January 15, 2031 1% commencing July 15, 2031, to and including January 15, 2051 2% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Financing Allocated (Expressed expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed (exclusive inclusive of Taxes) (1) Goods 590,000 670,000 Transportation Services 7,950,000 100% (2) Works 1,750,000 330,000 Transitional Assistance Grants 16,720,000 100% (3) Consultants’ services, including audits 3,573,000 3,300,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made:630,000 - TOTAL AMOUNT 25,300,000 (a) Withdrawals up to an aggregate amount not to exceed SDR 7,950,000 may be made for payments made prior to the date of the Development Grant this Agreement; and, but on or after February 28, 2011, for Eligible Expenditures under Category (1). (b) Withdrawals up to an aggregate amount not to exceed SDR 16,720,000 may be made for payments made prior to the first six Community Grants date of this Agreement, but on or after April 18, 2011, for Eligible Expenditures under Category (52), unless provided however that no withdrawal shall be made under said Category until the Association has received Transitional Assistance Guidelines have been prepared and submitted to the Association, in form and substance satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, Recipient and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed by and is binding on the parties theretoAssociation. 2. The Closing Date is September June 30, 2012. On each February 15 and August 15: commencing August 15, 2021 to and including February 15, 2031 1% commencing August 15, 2031 to and including February 15, 2051 2% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing Credit to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Credit Allocated (Expressed expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed (exclusive inclusive of Taxes) (1) Goods 590,000 670,000 Taxes Goods, works, non-consulting services, and consultants’ services under Part A of the Project 11,300,000 100% (2) Works 1,750,000 330,000 Goods, non-consulting services, consultants’ services and Training under Part B of the Project 13,800,000 100% (3) Consultants’ Goods, works, non-consulting services, including audits 3,573,000 3,300,000 Training, Operating Costs and consultants’ services under Part C of the Project 3,100,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts payable pursuant to Section 2.07 of the General Conditions (8) ). Unallocated 0 670,000 (9) Compensation Grants 520,000 03,100,000 TOTAL AMOUNT 31,300,000 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) made for payments made prior to the date of the Development Grant Agreement; and (b) for the first six Community Grants under Category (5), unless the Association has received satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, and the respective Community Grant Agreement, except that withdrawals up to an aggregate amount not to exceed $600,000 equivalent may be made for payments made prior to this date but on the terms and conditions specified in Section H.2 of this Schedule and in the PIMor after September 1, has been duly executed by and is binding on the parties thereto2011, for Eligible Expenditures. 2. The Closing Date is September June 30, 20122015.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to to: (a) repay the Preparation Advance in accordance with the provisions of Section 2.07 of the General Conditions; and (b) finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing Credit to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Credit Allocated (Expressed expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed including taxes Goods, except for Part A (exclusive e) of Taxes) (1) Goods 590,000 670,000 the Project 625,000 100% Works, except for Part A (2e) Works 1,750,000 330,000 of the Project 25,000,000 100% (3) Consultants’ services, including audits 3,573,000 3,300,000 except for Part A (e) of the Project 12,500,000 100% (4) Training 30,000 70,000 450,000 100% (5) Community Grants 50,000 830,000 Operating Costs 625,000 100% Refund of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts 1,800,000 Amount payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 02,800,000 100% TOTAL AMOUNT 43,800,000 1. Notwithstanding the provisions of Part A of this Section, no withdrawal withdrawals shall be made: (a) for payments made prior to the date of the Development Grant this Agreement; and (b) under Category 2 until the Recipient shall have provided evidence, in form and substance satisfactory to the Association, demonstrating that DNA has received all needed environmental permits and licenses from MICOA prior to initiating any civil works under such Parts B and C of the Project; and until the Recipient shall have adopted an operation and maintenance plan including the Dam Safety Instrumentation Plan in form and substance satisfactory to the Association before the tendering process for the first six Community Grants under Category (5), unless civil works for completion of the Association has received satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed by and Corumana Dam is binding on the parties theretolaunched. 2. The Closing Date is September 30December 15, 20122017.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing Credit and of the Grant to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Allocated (Expressed in SDR Equivalent) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % of Expenditures to be Financed (exclusive of Taxes) : (1) Goods 590,000 670,000 Municipal Grants under Part A of the Project 1,800,000 1,440,000 100% % (2) Works 1,750,000 330,000 Sub-project Financings under Part B of the Project 6,400,000 4,050,000 100% % (3) Consultants’ services, including audits 3,573,000 3,300,000 Goods and Incremental Operating Costs under Part C of the Project 600,000 0 100% % (4) Consultants Services, Training 30,000 70,000 and Workshops under Part C of the Project 0 1,570,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts 140,000 Amount payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0Conditions 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be mademade for: (a) for payments made prior to the date of the Development Grant this Agreement, except that withdrawals up to an aggregate amount not to exceed $100,000 equivalent may be made for payments made prior to this date but on or after February 28, 2011, for Eligible Expenditures under Categories (3) and (4); andor (b) for the first six Community Grants payments under Category (52), unless until (i) the Association has received satisfactory evidence that each such Community Grant has been made in accordance with the provisions referred to in Section H of this Schedule, and the respective Community Grant Subsidiary Agreement, on acceptable to the terms and conditions specified in Section H.2 of this Schedule and in the PIMAssociation, has been duly executed by entered into between the Recipient and is binding on the parties theretoTDF; and (ii) the Recipient has approved the relevant items of the TDF Business Restructuring Action Plan which require the Recipient’s endorsement. 2. The Closing Date is September 30July 31, 20122016. Throughout the period of implementation of Part B of the Project, the TDF shall maintain, and cause to be maintained, a Project team, with terms of reference, staffing and other resources acceptable to the Association, to be responsible for implementing Part B of the Project. The TDF shall undertake to carry out Part B of the Project within its mandate with due diligence and efficiency and in accordance with appropriate management and financial practices acceptable to the Association, including the Anti-corruption Guidelines applicable to the recipient of the Financing proceeds other than the Recipient, and provide, promptly as needed, the funds required for the purpose. The TDF shall adopt and implement the Project Operations Manual and the GAAP in carrying out Part B of the Project. The TDF shall implement the TDF Business Restructuring Action Plan in a manner satisfactory to the Association, and review with the Association, on a semi-annual basis, the progress made in implementing said action plan in the previous period and take necessary and required measures and actions to achieve the objective of said action plan taking into account the Association’s comments thereon. The TDF shall, not later than November 15, 2011, adopt common lending policies acceptable to the Association, including, inter alia, policies on making loans and grants, and policies on setting interests rates for financing infrastructure projects in the territory of the Recipient. The TDF shall undertake to: (a) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association, both in a manner adequate to reflect its operations and financial conditions, including the operations, resources and expenditures related to Part B of the Project; (b) have such financial statements audited by independent auditors acceptable to the Association, in accordance with consistently applied auditing standards acceptable to the Association, and furnish the statements as so audited to the Recipient and the Association not than later than six (6) months after the end of its fiscal year; (c) enable the Recipient, the Association to inspect its operation and any relevant records and documents; and (d) prepare and furnish to the Recipient and the Association all such information as the Recipient or the Association shall reasonably request relating to the foregoing. The TDF shall undertake to: (a) maintain policies and procedures adequate to enable it to monitor and evaluate on an ongoing basis, in accordance with indicators agreed with the Association for the carrying out Part B of the Project and the achievement of the objectives thereof; and (b) prepare, under terms of reference satisfactory to the Association, and furnish to the PCO for its review and submission to the Association, trimester reports integrating the results of the monitoring and evaluation activities performed on the progress achieved in the carrying out of Part B of the Project during the period preceding the date of each such report. On each October 15 and April 15: commencing October 15, 2021 to and including April 15, 2031 1% commencing October 15, 2031 to and including April 15, 2051 2% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Financing Allocated (Expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed (exclusive Inclusive of Taxes) ) (1) Goods 590,000 670,000 Investment Support Grants under Parts 1 and 2 of the Project 7,900,000 100% % (2) Works 1,750,000 330,000 Goods, services and training 880,000 100% (3) Consultants’ services, including audits 3,573,000 3,300,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Incremental Operating Costs 520,000 430,000 100320,000 80% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0TOTAL AMOUNT 9,100,000 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) for payments made prior to the date of the Development Grant this Agreement, except that withdrawals up to an aggregate amount not to exceed SDR 64,000 equivalent may be made for payments made prior to this date but on or after October 1, 2008, for Eligible Expenditures; and (b) for the first six Community Grants payments under Category (5)1) , unless the Association Recipient has received developed the operational modality of disbursement of Investment Support Grants, including the monitoring and control mechanism, in form and substance satisfactory evidence that each such Community Grant has been made in accordance with to the provisions referred to in Section H of this Schedule, and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed by and is binding on the parties theretoAssociation. 2. The Closing Date is September June 30, 20122013. On each January 15 and July 15: commencing January 15, 2019 to and including July 15, 2028 1% commencing January 15, 2029 to and including July 15, 2048 2% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions. The provisions of Part B of Schedule 3 to the Original Financing Agreement are incorporated herein by reference and apply to the Project, mutatis mutandis.

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the Categories categories of Eligible Expenditures that may be financed out of the proceeds of the FinancingFinancing (“Category”), the allocations of the amounts of the Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Original Grant Financing Allocated (Expressed expressed in SDR EquivalentSDR) Amount of the Additional Grant Allocated (Expressed in SDR Equivalent) % Percentage of Expenditures to be Financed (exclusive inclusive of Taxes) ) (1) Goods 590,000 670,000 Goods, Works (other than works under Part D.1(a) of the Project), Consultants’ Services, Training, payments under the Cost Sharing Agreements and Incremental Operating Costs under Part D of the Project 5,400,000 100% % (2) Works 1,750,000 330,000 100% (3Standard Fixed Price per watercourse improvement under Part D.1(a) Consultants’ services, including audits 3,573,000 3,300,000 100% (4) Training 30,000 70,000 100% (5) Community Grants 50,000 830,000 100% of amounts payable under the respective Grant Agreement (6) Operating Costs 520,000 430,000 100% (7) Refunding of Project Preparation Advance 1,267,000 0 Amounts payable pursuant to Section 2.07 of the General Conditions (8) Unallocated 0 670,000 (9) Compensation Grants 520,000 0Project. 26,900,000 100% 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) for payments made prior to the date of the Development Grant this Agreement; andor (b) for the first six Community Grants under Category (5), 2) until and unless the Association has received Project Implementing Entity shall have: (i) developed a model form Community Participation Agreement in manner and substance satisfactory evidence that each such Community Grant has been made in accordance with to the provisions referred Association; and (ii) prepared Simplified Procurement Procedures to in Section H of this Schedule, and the respective Community Grant Agreement, on the terms and conditions specified in Section H.2 of this Schedule and in the PIM, has been duly executed be applied by and is binding on the parties theretoWCAs. 2. The Closing Date is September 30July 31, 2012.