Common use of Allocation of Financing Amounts Clause in Contracts

Allocation of Financing Amounts. The Financing shall be withdrawn in two (2) tranches. The allocation of the amounts of the Financing to this end is set out in the table below: Allocations Amount of the Financing Allocated (expressed in SDR) C. Tranche Release Conditions. 1. No withdrawal shall be made of the Second Tranche unless the Association is satisfied, after an exchange of views as described in Sections 3.01 (a) and (b) of this Agreement, based on evidence satisfactory to the Association: (a) with the progress achieved by the Recipient in carrying out the Program; (b) that the macroeconomic policy framework of the Recipient is appropriate; (c) that the actions described in Part B of Section I of this Schedule have been taken; and (d) that the Recipient has published, in form and substance satisfactory to the Association, the results of the audit referred to in Section 5.01 of this Agreement, and has adopted a corresponding action plan, in form and substance satisfactory to the Association, for purposes of implementation of the recommendations of said audit. 2. If, after this exchange of views, the Association is not so satisfied, it may give notice to the Recipient to that effect and, if within 90 days after the notice, the Recipient has not taken steps satisfactory to the Association with respect to paragraphs 1, 2 and 3 above, then the Association may, by notice to the Recipient, cancel all or any part of the Un-withdrawn Financing Balance.

Allocation of Financing Amounts. The Financing shall be withdrawn is allocated in two (2) tranchesa single withdrawal tranche, from which the Recipient may make withdrawals of the Financing proceeds. The allocation of the amounts of the Financing to this end is set out in the table below: Allocations Amount of the Financing Allocated (expressed in SDR) (1) C. Single Withdrawal Tranche Release Conditions.5,700,000 1. No withdrawal shall be made of the Second Single Withdrawal Tranche unless the Association is satisfied, based on evidence satisfactory to it, that a state of emergency has been declared by the Recipient’s Prime Minister or other authorized official, in accordance with the manner prescribed in Part IV Section 32 of the Recipient’s Emergency Management Act 2007 or other applicable law which replaces such act, to respond to a Catastrophic Event. 2. Notwithstanding the foregoing, if, at any time prior to the receipt by the Association of a request for withdrawal of an amount of the Financing, the Association determines that a review of the Recipient’s progress in carrying out the Program is warranted, the Association shall give notice to the Recipient to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Financing Balance unless and until the Association has notified the Recipient of its satisfaction, after an exchange of views as described in Sections 3.01 paragraphs (a) and (b) of Section 3.01 of Article III of this Agreement, based on evidence satisfactory to the Association: (a) with the progress achieved by the Recipient in carrying out the Program;. (b) 3. No withdrawal shall be made of the Single Withdrawal Tranche unless the Association is satisfied, based on evidence satisfactory to it, that the macroeconomic policy framework of the Recipient is appropriate; situation described in paragraph (c) that the actions described in Part B of Section I 3.01 of Article III of this Schedule have Agreement has been taken; and (d) that the Recipient has published, in form and substance satisfactory to the Association, the results of the audit referred to in Section 5.01 of this Agreement, and has adopted a corresponding action plan, in form and substance satisfactory to the Association, for purposes of implementation of the recommendations of said auditresolved. 2. If, after this exchange of views, the Association is not so satisfied, it may give notice to the Recipient to that effect and, if within 90 days after the notice, the Recipient has not taken steps satisfactory to the Association with respect to paragraphs 1, 2 and 3 above, then the Association may, by notice to the Recipient, cancel all or any part of the Un-withdrawn Financing Balance.

Allocation of Financing Amounts. The Financing shall be withdrawn in two (2) tranches. The allocation of the amounts of the Financing to this end is set out in the table below: Allocations Amount of the Financing Allocated (expressed in SDR) C. Tranche Release Conditions 1. No withdrawal shall be made of the First Tranche unless the Association is satisfied, as of the date of the request for such withdrawal: (i) with the progress achieved by the Recipient in carrying out the Program; and (ii) that the macroeconomic policy framework of the Recipient is appropriate. 12. No withdrawal shall be made of the Second Tranche unless the Association is satisfied, after an exchange of views as described in Sections 3.01 (a3.01(a) and (b) of this Agreement, Agreement based on evidence satisfactory to the Association: (ai) with the progress achieved by the Recipient in carrying out the Program; (bii) that the macroeconomic policy framework of the Recipient is appropriate;; and (ciii) that the actions described in Part B of Section I of this Schedule have been taken; and (d) that the Recipient has published, in form and substance satisfactory to the Association, the results of the audit referred to in Section 5.01 of this Agreement, and has adopted a corresponding action plan, in form and substance satisfactory to the Association, for purposes of implementation of the recommendations of said audit. 2. If, after this exchange of views, the Association is not so satisfied, it may give notice to the Recipient to that effect and, if within 90 ninety (90) days after the notice, the Recipient has not taken steps satisfactory to the Association with respect to paragraphs 1, 2 and 3 above, then the Association may, by notice to the Recipient, cancel all or any part of the Un-withdrawn Unwithdrawn Financing Balance.

Allocation of Financing Amounts. The Financing shall be withdrawn is allocated in two (2) tranchesa single withdrawal tranche, from which the Recipient may make withdrawals of the Financing proceeds. The allocation of the amounts of the Financing to this end is set out in the table below: Allocations Amount TOTAL AMOUNT 14,900,000 C. Withdrawal of the Financing Allocated (expressed in SDR) C. Tranche Release ConditionsProceeds. 1. No withdrawal shall be made of the Second Single Withdrawal Tranche unless the Association is satisfied, based on evidence satisfactory to it, that a state of emergency has been declared by the Recipient’s Prime Minister or other authorized official, in accordance with the manner prescribed in Part II Sections 8 and/or 10 of the Recipient’s Disaster Risk Management Act 2021, to respond to a Catastrophic Event. 2. Notwithstanding the foregoing, if, at any time prior to the receipt by the Association of a request for withdrawal of an amount of the Financing, the Association determines that a review of the Recipient’s progress in carrying out the Program is warranted, the Association shall give notice to the Recipient to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Financing Balance unless and until the Association has notified the Recipient of its satisfaction, after an exchange of views as described in Sections 3.01 paragraphs (a) and (b) of Section 3.01 of Article III of this Agreement, based on evidence satisfactory to the Association: (a) with the progress achieved by the Recipient in carrying out the Program;. (b) 3. No withdrawal shall be made of the Single Withdrawal Tranche unless the Association is satisfied, based on evidence satisfactory to it, that the macroeconomic policy framework of the Recipient is appropriate; situation described in paragraph (c) that the actions described in Part B of Section I 3.01 of Article III of this Schedule have Agreement has been taken; and (d) that the Recipient has published, in form and substance satisfactory to the Association, the results of the audit referred to in Section 5.01 of this Agreement, and has adopted a corresponding action plan, in form and substance satisfactory to the Association, for purposes of implementation of the recommendations of said auditresolved. 2. If, after this exchange of views, the Association is not so satisfied, it may give notice to the Recipient to that effect and, if within 90 days after the notice, the Recipient has not taken steps satisfactory to the Association with respect to paragraphs 1, 2 and 3 above, then the Association may, by notice to the Recipient, cancel all or any part of the Un-withdrawn Financing Balance.

Allocation of Financing Amounts. The Financing shall be withdrawn is allocated in two (2) tranchesa single withdrawal tranche, from which the Recipient may make withdrawals of the Financing proceeds. The allocation of the amounts of the Financing to this end is set out in the table below: Allocations Amount of the Financing Allocated : (expressed in SDR1) C. Single Withdrawal Tranche Release Conditions.3,000,000 1. No withdrawal shall be made of the Second Single Withdrawal Tranche unless the Association is satisfied, based on evidence satisfactory to it, that in response to a Natural Disaster, the Recipient’s Head of State has declared, in accordance with the Recipient’s applicable law, that a State of Public Emergency exists in the Recipient’s territory, or in part of the Recipient’s territory, in relation to such Natural Disaster. 2. Notwithstanding the foregoing, if, at any time prior to the receipt by the Association of a request for withdrawal of an amount of the Financing, the Association determines that a review of the Recipient’s progress in carrying out the Program is warranted, the Association shall give notice to the Recipient to that effect. Upon the giving of such notice, no withdrawals shall be made of the Unwithdrawn Financing Balance unless and until the Association has notified the Recipient of its satisfaction, after an exchange of views as described in Sections 3.01 paragraphs (a) and (b) of Section 3.01 of Article III of this Agreement, based on evidence satisfactory to the Association: (a) with the progress achieved by the Recipient in carrying out the Program;. (b) 3. No withdrawal shall be made of the Single Withdrawal Tranche unless the Association is satisfied, based on evidence satisfactory to it, that the macroeconomic policy framework of the Recipient is appropriate; situation described in paragraph (c) that the actions described in Part B of Section I 3.01 of Article III of this Schedule have Agreement has been taken; and (d) that the Recipient has published, in form and substance satisfactory to the Association, the results of the audit referred to in Section 5.01 of this Agreement, and has adopted a corresponding action plan, in form and substance satisfactory to the Association, for purposes of implementation of the recommendations of said auditresolved. 2. If, after this exchange of views, the Association is not so satisfied, it may give notice to the Recipient to that effect and, if within 90 days after the notice, the Recipient has not taken steps satisfactory to the Association with respect to paragraphs 1, 2 and 3 above, then the Association may, by notice to the Recipient, cancel all or any part of the Un-withdrawn Financing Balance.