Local Currency Dedicated Account definition

Local Currency Dedicated Account means the account referred to in Part D.1(a) of Section II of Schedule 1 to this Agreement.

Local Currency Dedicated Account means the account referred to in Part D.1(b) of Section II of Schedule 1 to this Agreement.

Local Currency Dedicated Account means the account referred to in Part D.1(a) of Section II of Schedule.

Examples of Local Currency Dedicated Account in a sentence

• Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Account, the Recipient shall deposit an equivalent amount into the Local Currency Dedicated Account.

• Upon each deposit of an amount of the Financing into the Local Currency Dedicated Account, the Recipient shall ensure that an equivalent is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.

• Upon each deposit of an amount of the Financing into the Local Currency Dedicated Account, the Recipient shall ensure that an equivalent amount is accounted for in the Recipient’s budget management system, in a manner and substance acceptable to the Association.

• Instrument Holder ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 31 6.

• The Borrower, within thirty (30) days after the withdrawal of the Loan from the Loan Account, shall report to the Bank: (a) the exact sum received into the Local Currency Dedicated Account; and (b) the record that said exact sum has been accounted for in the Borrower’s budget management systems.