Allocation of Loan Proceeds Sample Clauses
The Allocation of Loan Proceeds clause defines how the funds provided by a lender must be distributed or used by the borrower. Typically, this clause specifies the permitted uses for the loaned money, such as purchasing specific assets, funding a project, or refinancing existing debt, and may require the borrower to provide evidence of proper use. Its core function is to ensure that the loan proceeds are applied in accordance with the lender’s expectations, thereby reducing the risk of misuse and protecting the lender’s interests.
Allocation of Loan Proceeds. At the Closing, the Loan proceeds shall be disbursed in accordance with the Loan Disbursement Schedule attached as Exhibit E-1 to these Instructions (the “Loan Disbursement Schedule”).
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts of the Loan to each Category and the percentages of Category: expenditures for items to be financed in each Category Loan Amount Allocated (expressed in USD) Percentage net of tax, counterpart and beneficiary contributions I. Consultancies and non-consulting services 2 830 000 100%
Allocation of Loan Proceeds. The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan, the allocation of the amounts of the Loan to each Category and the percentages of expenditures for items to be financed in each Category: Category Loan Amount Allocated (Expressed in SDR) % of Eligible Expenditures to be Financed I. Civil Works 1 730 000 75%
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts of the Loan to each Category and the percentages of expenditures for items to be financed in each Category: Category Loan Amount Allocated (expressed in SDR)
1. Civil works 2 900 000 100%
2. Equipment and materials 3 010 000 100% 3. Goods and services 2 520 000 100% 4. Grants 6 200 000 100% 5. Salaries, allowances and operating costs 1 980 000 100% Unallocated 1 840 000
(b) The terms used in the Table above are defined as follows:
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts to each category of the Financing and the percentages of expenditures for items to be financed in each Category: Category Loan Amount Allocated Percentage (net of (expressed in EUR) Government and other contribution)
I. Consultancies 370 000 100% II. Grants and Subsidies 4 510 000 100% III. Goods, Services a& Inputs 29 600 000 100% IV. Training 8 240 000 100% V. Equipment & Materials 180 000 100% VI. Operating Costs 1 950 000 100%
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts to each category of the Financing and the percentages of expenditures for items to be financed in each Category: Category- IFAD Category -IBRD Loan Amount Allocated (expressed in USD) % of total Eligible Expenditures (inclusive of taxes) I Goods, services and inputs (a) II Grants & Subsidies III Goods, services and inputs (b)
(1) Goods, works, non-consulting services, consulting services, Training and Incremental Operating Costs under Part 1, 2.1(i), 2.1(ii), 2.1 (iv), 2.2(ii), 2.2(iii), 2.2(iv), 2.2(v), 3.1, 3.2(i), 3.2(ii), 3.2(iv) and 5 of the Project
(2) Grants under Parts 2.1(iii), 2.2(i) and 3.2(iii) of the Project
(3) Goods, works, non-consulting services, consulting services, Training and Incremental Operating Costs under Part 4 the Project 44,600,000 26% 12,200,000 28% 10,200,000 40%
(b) The terms used in the Table above are defined as follows:
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts of the Loan to each Category and the percentages of expenditures for items to be financed in each Category: Category Loan Amount Allocated (expressed in SDR) Percentage of total expenditures
I. Works 1 ▇▇▇ ▇▇▇ ▇▇▇% net of taxes and government and beneficiaries contributions
II. Goods, Services and Inputs 2 660 000 100% net of taxes and government contribution
III. Credit, Guaranteed Funds 270 000 100% net of taxes IV. Grants and Subsidies 650 000 100% net of taxes and government contribution
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts of the Loan to each Category and the percentages of expenditures for items to be financed in each Category: Category Loan Amount Allocated (expressed Percentage in SDR) Works 7 340 000 55% Equipment and materials 880 000 75% Training 4 480 000 90% Goods, Services and input 6 780 000 85% Grants and Subsidies 4 490 000 50% Salaries and allowances 4 650 000 40% Operating costs 530 000 50% Unallocated 3 250 000 TOTAL 32 400 000
(b) The terms used in the Table above are defined as follows: “Equipment and materials” include expenditures for vehicles “Goods, Services and input” include expenditures for goods, services and consultancies (Negotiations concluded on 25 March 2014) Loan Number: Project Title: Livelihoods and Access to Markets Project (the “Project” or “LAMP”) The State of Meghalaya of the Republic of India (the “State”) acting through its Governor and The International Fund for Agricultural Development (the “Fund” or “IFAD”) (each a “Party” and both of them collectively the “Parties”) ▇▇▇▇▇▇ agree as follows:
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts of the Loan to each Category and the percentages of expenditures for items to be financed in each Category: Category Amount of IFAD Financing Allocated (expressed in SDR)
(1) Goods, Works, Non-consulting Services, Consultants’ Services, Audits, Training, and Operating Costs (a) (i) Project Component A (ii) Project Component B 26 270 000 38% of amounts disbursed 8 460 000 44% (b) Project Component C 13 010 000 44% (c) Project Component D 1 300 000 44% (d) Project Component E 5 860 000 44% (2) Unallocated 400 000
(b) The terms used in the Table above are defined as follows:
Allocation of Loan Proceeds. (a) The Table below sets forth the Categories of Eligible Expenditures to be financed by the Loan and the allocation of the amounts of the Loan to each Category and the percentages of expenditures for items to be financed in each Category: Category Percentage Loan Amount (net of Government, Allocated Participating enterprises, (expressed in USD) cooperatives and Beneficiary Contributions)
I. Consultancies 15 218 000 100% II. Goods, services and inputs 19 016 000 100% III. Works 12 796 000 100% IV. Equipment and materials 17 770 000 100% Unallocated 7 200 000 TOTAL 72 000 000 IFAD will contribute to the Project in the amount of USD 72 000 000 for “Consultancies”, “Goods, services and inputs”, “Works” and “Equipment and materials” under Category I, II, III, IV which IFAD will finance 100% net of contribution from Government, Beneficiaries and Participating enterprises and cooperatives list below: The Borrower shall contribute to the Project in the amount of USD 79 500 000 (i) about USD 4 400 000 under the sub-component 1.3 to cover the loan risk under commercial lending leveraging (ii) about USD 70 700 000 under the Subcomponent 2.1 for climate resilience infrastructure of development for works, goods, inputs and services consultancies and operating cost, (iii) USD 4 400 000 under component 3 of Project management and coordination Participating enterprises and cooperatives are expected to contribute an estimated amount of approximately USD 101 900 000 as required co-financing for the business plans (mostly on works, equipment and materials for post-harvest investments under sub –component 1.2 Beneficiaries' contribution will be USD 3 300 000 under Subcomponent 1.2, value chain development fund for inputs acquisition of farm inputs and small equipment and consultancies which representing 10% of the total costs under the relevant categories this subcomponent.
(b) The terms used in the Table above are defined as follows: