Retroactive Financing. Retroactive financing will be allowed for eligible expenditures1 not exceeding 20.0% under each tranche, incurred before loan effectiveness, but not earlier than 12 months before signing of the loan agreements. Any retroactive financing would comply with the same ADB requirements as for any other subprojects funded under PPIDF 3.
Appears in 2 contracts
Sources: Framework Financing Agreement, Framework Financing Agreement
Retroactive Financing. Retroactive financing will would be allowed for eligible expenditures1 expenditures described in the FAM, not exceeding 20.020% under each tranche, incurred before loan effectiveness, but not earlier than 12 months before the signing of the loan agreementsagreement. Any retroactive financing would comply with the same ADB requirements as for applied to any other subprojects funded under PPIDF 3the SRIP.
Appears in 1 contract
Sources: Framework Financing Agreement