Common use of Allocation of Loan, Grant and ASAP Trust Grant Proceeds Clause in Contracts

Allocation of Loan, Grant and ASAP Trust Grant Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan, the Grant and the ASAP Trust Grant, the allocation of the amounts of the Financing to each Category and the percentages of expenditures for items to be financed in each Category: Category IFAD Loan Amount Allocated (expressed in USD) IFAD Grant Amount Allocated (expressed in USD) ASAP Trust Grant Amount Allocated (expressed in USD) Percentage Consultancies 695000 250 000 1 035000 100% net of taxes Credit, Guarantee Funds 10445 000 100% net of taxes Equipment, Material, Goods and Services 45000 25000 100% net of taxes Grant 225000 2 810000 100% net of taxes Workshops and Trainings 340000 180 000 60000 100% net of taxes Works 3 875 000 465 000 100% net of taxes Salaries and Allowances 570000 60 000 100% net of taxes Operating costs 185 000 20 000 45 000 100% net of taxes Unallocated 1 820 000 50000 500 000 (b) The terms used in the Table above are defined as follows: Category I: “Consultancies” include studies and technical assistance.

Appears in 2 contracts

Sources: Financing Agreement, Financing Agreement