Examples of GEF Grant Account in a sentence
If, before the Effective Date, any event has occurred which would have entitled the World Bank to suspend the right of the Recipient to make withdrawals from the GEF Grant Account if the GEF Grant Agreement had been effective, the World Bank may postpone the dispatch of the notice referred to in this sub-paragraph until such event (or events) has (or have) ceased to exist.
If (i) the right of HPG, through HFB, to apply for disbursements from the GEF Grant Account shall have been suspended with respect to any amount of the GEF Grant for a continuous period of 30 days; or (ii) at any time ADB determines, after consultation with HPG and BMG, that any amount of the GEF Grant will not be required for the purposes of the Project, ADB may by notice to Heibei Finance Department and BMG terminate the right of HPG, through HFB, to apply for disbursements with respect to such amount.
The right of HPG, through HFB, to apply for disbursements from the GEF Grant Account shall continue to be suspended in whole or in part, as the case may be, until the event or events which gave rise to such suspension shall have, in the reasonable opinion of ADB, ceased to exist or until ADB shall have notified the Government, HPG, or BMG that the right to make withdrawals has been restored in whole or in part, whichever is the earlier.
The right of the Recipient to make withdrawals from the GEF Grant Account shall continue to be suspended in whole or in part, as the case may be, until the event which gave rise to such suspension shall have, in the reasonable opinion of ADB, ceased to exist or until ADB shall have notified the Recipient that the right to make withdrawals has been restored in whole or in part, whichever is the earlier.
The right of SPG to apply for disbursements from the GEF Grant Account shall continue to be suspended in whole or in part, as the case may be, until the event or events which gave rise to such suspension shall have, in the reasonable opinion of ADB, ceased to exist or until ADB shall have notified the Government or SPG that the right to make withdrawals has been restored in whole or in part, whichever is the earlier.
If, before the Effective Date, any event has occurred which would have entitled the World Bank to suspend the right of the Recipient to make withdrawals from the GEF Grant Account if this Agreement had been effective, the World Bank may postpone the dispatch of the notice referred to in this Section until such event (or events) has (or have) ceased to exist.
The Bank shall not be required to make further deposits into the Special Account in accordance with the provisions of Part B.2 of this Schedule if, at any time, the Bank shall have notified the Recipient of its intention to suspend in whole or in part the right of the Recipient to make withdrawals from the GEF Grant Account pursuant to Section 6.02 of the General Conditions.
The right of the Government to apply for disbursements from the GEF Grant Account shall continue to be suspended in whole or in part, as the case may be, until the event or events which gave rise to such suspension shall have, in the reasonable opinion of ADB, ceased to exist or until ADB shall have notified the Government that the right to make withdrawals has been restored in whole or in part, whichever is the earlier.