Local Currency Account definition

Local Currency Account means the account referred to in Part C.2 of Section II of Schedule 1 to this Agreement.
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Local Currency Account means the account referred to in Section 2.02 (dc) of this Agreement;
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Examples of Local Currency Account in a sentence

  • The Grantee will maintain, or cause to be maintained, in accordance with generally accepted accounting principles, documents in support of deposits to and expenditures from, the Separate Dollar Account and the Special Local Currency Account.

  • Funds in the Special Local Currency Account shall be jointly programmed by the Parties for budget support to the national budget of [Country], except as the Parties may otherwise agree in writing.

  • The Grantee will establish a separate, non-comingled (non)interest-bearing account at the National Bank of [Country] (the “Special Local Currency Account”.) Immediately upon disbursement by USAID of dollars into the Separate Dollar Account, the Grantee shall deposit, from its own resources, an equivalent amount of local currency into the Special Local Currency Account.

  • Funds in the Special Local Currency Account shall be jointly programmed by the Parties for budget support for [Country]’s agricultural sector budget, except as the Parties may otherwise agree in writing.

  • Further, in meetings and conferences to promote the exchange of enterprise experience, the enterprise can use its own situation to make recommendations to others interested in Voluntary Agreements.

  • Upon the establishment of such Local Currency Account, the provisions of this Protocol, other than those related specifically to U.S. Dollars, shall apply to the Local Currency Account.