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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 (“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: (1) Under Part 1 of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 100% of foreign expenditures (2) Under Part 2 of the Project: (a) Teachers’ Salaries (b) Teachers’ Salaries 7,950,000 2,650,000 100% 100% (3) Under Part 3 of the Project: (a) Water Utility Bills under Part 3.1 of the Project (b) Electricity Utility Bills under Part 3.2 of the Project (c) Consultants’ services (including audits) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 100% 100% 100% TOTAL AMOUNT 66,200,000

Appears in 1 contract

Samples: Financing Agreement

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 (“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 Grant Allocated (expressed in SDR) Percentage of Expenditures to be Financed (inclusive of Taxes) (1) Under Goods, Operating Costs, Training and services under Part 1 of A.1of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 Project 1,300,000 100% of foreign expenditures% (2) Under Goods, Training and services under Part 2 A.2 of the Project: (a) Teachers’ Salaries (b) Teachers’ Salaries 7,950,000 2,650,000 100% Project 660,000 100% (3) Under Part 3 of the Project: (a) Water Utility Bills Goods, Training and services financed by Matching Grants under Part 3.1 B.1(a) of the Project 1,370,000 100% (b4) Electricity Utility Bills Sub-grant Management Contract under Part 3.2 B.1(b) of the Project 270,000 100% (c5) Consultants’ Goods, Operating Costs, Training and services (including audits) and Operating Costs under Part 3.3 B.1(c) of the Project 7,940,000 7,540,000 1,720,000 1,650,000 100% (6) Goods, Training and services under Part B.2 of the Project 2,000,000 100% (7) Goods, Training, Operating Costs and services under Part C of the Project 530,000 100% 100% 100% (8) Refund of Preparation Advance 220,000 Amount payable pursuant to Section 2.07 of the General Conditions TOTAL AMOUNT 66,200,0008,000,000

Appears in 1 contract

Samples: Financing Agreement

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), (a) to repay the Project Preparation Advance in accordance with Section 2.07 of the General Conditions, and (b) 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 (“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: (1) Under Part 1 of Goods, works and consultants’ services for the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 , including Training, Operating Costs and audits 17,700,000 100% of foreign expenditures% (2) Under Part 2 Refund of Project Preparation Advance 600,000 Amount payable pursuant to Section 2.07 of the Project: (a) Teachers’ Salaries (b) Teachers’ Salaries 7,950,000 2,650,000 100% 100% (3) Under Part 3 of the Project: (a) Water Utility Bills under Part 3.1 of the Project (b) Electricity Utility Bills under Part 3.2 of the Project (c) Consultants’ services (including audits) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 100% 100% 100% General Conditions TOTAL AMOUNT 66,200,00018,300,000

Appears in 1 contract

Samples: Financing Agreement

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 (a) repay the Project Preparation Advance in accordance with 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 of Eligible Expenditures that may be financed out of the proceeds of the Financing (“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: (1) Under Goods, Operating Costs, and Training under Part 1 of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 Project 4,400,000 100% of foreign expenditures% (2) Under Goods, services and Training under Part 2 of the Project: (a) Teachers’ Salaries (b) Teachers’ Salaries 7,950,000 2,650,000 100% Project 5,200,000 100% (3) Under Services, Small Works and Training under Part 3 of the Project: Project 1,500,000 100% (a4) Water Utility Bills Ekounou Works under Part 3.1 2 of the Project 200,000 (b5) Electricity Utility Bills under Part 3.2 Refund of Project Preparation Advance 400,000 Amount payable pursuant to Section 2.07 of the Project General Conditions (c6) Consultants’ services (including audits) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 100% 100% Unallocated 600,000 100% TOTAL AMOUNT 66,200,00012,300,000

Appears in 1 contract

Samples: Financing Agreement

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 (“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 Credit Allocated (expressed in SDR) Amount of the Additional Credit Allocated (expressed in SDR) Percentage of Expenditures to be Financed (inclusive of Taxes) (1) Under Goods, works (except as covered by Category 2 below), services (other than consultants’ services), consultants’ services (except as covered by Category 3 below), Training and Operating Costs for Part 1 of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 100% of foreign expenditures (2) Under A and Part 2 of the Project: (a) Teachers’ Salaries (b) Teachers’ Salaries 7,950,000 2,650,000 100% 100% (3) Under Part 3 of the Project: (a) Water Utility Bills under Part 3.1 B of the Project (b2) Electricity Utility Bills under Works for Part 3.2 C (a) of the Project (c3) Consultants’ services for Part C (including auditsb) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 (4) Unallocated 22,822,894 34,300,000 2,100,000 6,600,000 2,600,000 20,200,000 3,500,000 100% 100% 100% TOTAL AMOUNT 66,200,00065,822,894 26,300,000 1. Notwithstanding the provisions of Part A of this Section, no withdrawal for the Additional Credit shall be made for payments made prior to the date of this Agreement. 2. The Closing Date is December 31, 2012.

Appears in 1 contract

Samples: Financing Agreement

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 (“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 Grant Allocated (expressed in SDR) Percentage of Expenditures to be Financed (inclusive of Taxes) (1) Under Urban Community Subprojects under Part 1 of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 Project 4,740,000 100% of foreign expendituresamounts disbursed by the Recipient (2) Under Part 2 of the ProjectGoods and Non- consultant services other than covered by Category (1) above 70,000 100% (3) Consultant services: (a) Teachers’ Salaries rendered by MDODS under Service Agreements for Part 1 of the Project (b) Teachers’ Salaries 7,950,000 2,650,000 for Parts 2 and 3 of the Project, including Training and audits 2,560,000 430,000 100% 100% (34) Under Part 3 of the Project: (a) Water Utility Bills under Part 3.1 of the Project (b) Electricity Utility Bills under Part 3.2 of the Project (c) Consultants’ services (including audits) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 costs 1,160,000 100% 100% 100% (5) Unallocated 640,000 TOTAL AMOUNT 66,200,0009,600,000

Appears in 1 contract

Samples: Financing Agreement

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 (“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: (1) Under Part 1 Works, goods, consultants’ services, Training and Operating Costs under Parts A.1, A.2, A.3, A.4 and B of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 Project 63,374,000 100% (exclusive of foreign expenditurestaxes) (2) Under Part 2 of the Project: (a) TeachersWorks, goods consultantsSalaries (b) Teachers’ Salaries 7,950,000 2,650,000 100% 100% (3) Under Part 3 of the Project: (a) Water Utility Bills under Part 3.1 of the Project (b) Electricity Utility Bills under Part 3.2 of the Project (c) Consultants’ services (including audits) services, Training and Operating Costs under Part 3.3 C of the Project 7,940,000 7,540,000 1,720,000 7,256,000 100% 100% 100% TOTAL AMOUNT 66,200,000(inclusive of taxes) (3) Unallocated 3,470,000 As part of it obligations under Section 4.03 of the General Conditions, the Recipient shall provide, or cause to be provided, sufficient funds for the payment of any taxes that may be due in respect of Eligible Expenditures under Category (1).

Appears in 1 contract

Samples: Financing Agreement

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, Conditions and of this Section, 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)Recipient, 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 (“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 Financing Allocated (Expressed in SDR) Percentage of Expenditures to be Financed (1) Under Works: (a) under Part 1 A of the Project: Eligible Imports as specified in Schedule 3 hereto 38,400,000 Project (b) under Part B of the Project 51,018,000 25,129,000 100% of foreign expenditures100% (2) Under Part 2 of the ProjectGoods: (a) Teachers’ Salaries under Part A of the Project (b) Teachers’ Salaries 7,950,000 2,650,000 under Part B of the Project 1,173,000 552,000 100% 100% (3) Under Part 3 of the ProjectConsultants’ Services and training: (a) Water Utility Bills under Part 3.1 A of the Project (b) Electricity Utility Bills under Part 3.2 B of the Project (c) Consultants’ services (including audits) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 4,280,000 2, 623,000 100% 100% 100% TOTAL AMOUNT 66,200,000%

Appears in 1 contract

Samples: Financing Agreement

Withdrawal of the Proceeds of the Financing. General 1. The Recipient may withdraw the proceeds of the Financing Credit in accordance with the provisions of Article II of the General Conditions, Conditions and of this Section, Section and such additional instructions as the Association shall Bank 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)Recipient, 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 Credit (“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: (1) Under Part 1 : Category Amount of the Project: Eligible Imports as specified Credit Allocated (expressed in Schedule 3 hereto 38,400,000 100% SDR) Percentage of foreign expenditures (2) Under Expenditures to be Financed A. Part 2 of the Project: Project (a1) TeachersGoods, Works, ConsultantsSalaries Services, Operating Costs and Training for Parts 2.A, 2.B, 2.C, and 2E. of the Project (b2) Teachers’ Salaries 7,950,000 2,650,000 100% 100% (3) Under Poultry Culling Compensation Funding under Part 2.D of the Project B. Part 3 of the Project: Project (a3) Water Utility Bills under Part 3.1 Goods, Works, Consultants’ Services, Operating Costs and Training for Parts 3. A, 3. B, 3.C, and 3.E of the Project (b4) Electricity Utility Bills Poultry Culling Compensation Funding under Part 3.2 3.D of the Project (c) Consultants’ services (including audits) and Operating Costs under Part 3.3 of the Project 7,940,000 7,540,000 1,720,000 1,700,000 200,000 1,200,000 200,000 100% 100% 100% 100% TOTAL AMOUNT 66,200,0003,300,000

Appears in 1 contract

Samples: Financing Agreement