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

Withdrawal of the Proceeds of the Grant. General 1. The Recipient may withdraw the proceeds of the Grant in accordance with the provisions of Article III of the Standard Conditions, this Section, and such additional instructions as the Administrator 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 Administrator 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 category of Eligible Expenditures that may be financed out of the proceeds of the Grant (“Category”), the allocations of the amounts of the Grant to the Category, and the percentage of expenditures to be financed for Eligible Expenditures in the Category: Category Amount of the Grant Allocated (expressed in US$) Percentage of Expenditures to be Financed Goods for Part 2.2 of the Project 2,500,000 100% TOTAL AMOUNT 2,500,000

Appears in 1 contract

Samples: Trust Fund Grant Agreement

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Withdrawal of the Proceeds of the Grant. General 1. The Recipient may withdraw the proceeds of the Grant in accordance with the provisions of Article III of the Standard Conditions, this Section, and such additional instructions as the Administrator 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 Administrator 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 category categories of Eligible Expenditures that may be financed out of the proceeds of the Grant (“Category”), the allocations of the amounts of the Grant to the each Category, and the percentage of expenditures to be financed for Eligible Expenditures in the each Category: Category Amount of the Grant Allocated (expressed in US$) Percentage of Expenditures to be Financed Goods Financed (1) Sub-Grants for Sub- Projects under Part 2.2 1 of the Project 2,500,000 7,000,000 100% TOTAL AMOUNT 2,500,000(2) Goods 73,000 100%

Appears in 1 contract

Samples: Trust Fund Grant Agreement

Withdrawal of the Proceeds of the Grant. General 1. The Recipient may withdraw the proceeds of the Grant in accordance with the provisions of Article III II of the Standard General Conditions, this Section, and such additional instructions as the Administrator 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 Administrator 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 category categories of Eligible Expenditures that may be financed out of the proceeds of the Grant (“Category”), the allocations of the amounts of the Grant to the each Category, and the percentage of expenditures to be financed for Eligible Expenditures in the each Category: Category Amount of the Grant Allocated (expressed in US$SDR) Percentage of Expenditures to be Financed (inclusive of Taxes) (1) Goods for (a) under Part 2.2 A.2 of the Project 2,500,000 (b) under other Parts of the Project 700,000 100% TOTAL AMOUNT 2,500,000% (2) Consultants’services, audits and training (a) under Part A.2of the Project (b) under other Parts of the Project 130,000 1,200,000 100% (3) Incremental Operating Costs (a) under Part A.2 of the Project (b) under other Parts of the Project 150,000 100%

Appears in 1 contract

Samples: Financing Agreement

Withdrawal of the Proceeds of the Grant. General 1. The Recipient may withdraw the proceeds of the Grant in accordance with the provisions of Article III II of the Standard General Conditions, this Section, and such additional instructions as the Administrator 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 Administrator 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 category categories of Eligible Expenditures that may be financed out of the proceeds of the Grant (“Category”), the allocations of the amounts of the Grant to the each Category, and the percentage of expenditures to be financed for Eligible Expenditures in the each Category: Category Amount of the Grant Allocated (expressed in US$SDR) Percentage of Expenditures to be Financed Goods for Part 2.2 (inclusive of the Project 2,500,000 100% TOTAL AMOUNT 2,500,000Taxes)

Appears in 1 contract

Samples: Financing Agreement

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Withdrawal of the Proceeds of the Grant. General 1. The Recipient may withdraw the proceeds of the Grant in accordance with the provisions of Article III II of the Standard General Conditions, this Section, and such additional instructions as the Administrator 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 Administrator 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 category categories of Eligible Expenditures that may be financed out of the proceeds of the Grant (“Category”), the allocations of the amounts of the Grant to the each Category, and the percentage of expenditures to be financed for Eligible Expenditures in the each Category: Category Amount of the Grant Allocated (expressed in US$SDR) Percentage of Expenditures to be Financed Goods (exclusive of Taxes) (1) Goods, consultants’ services, training and Incremental Operating Costs* for Part 2.2 of the Project 2,500,000 100% TOTAL AMOUNT 2,500,000

Appears in 1 contract

Samples: Financing Agreement

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