Common use of Statement of Expenditures Clause in Contracts

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary shall establish immediately after the Effective Date, an imprest account at a domestic bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary and ADB. The currency of the imprest account shall be Dollars. The initial amount to be deposited into the imprest account shall not exceed the lower of (i) the estimated expenditure for the first six (6) months of Project implementation, or (ii) the equivalent of $250,000.

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary shall establish immediately after the Effective Date, an imprest account at a domestic bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary and ADB. The currency of the imprest account shall be Dollars. The initial amount to be deposited into the imprest account shall not exceed the lower of (i) the estimated expenditure expenditures from the Grant account for the first six (6) months of Project implementation, or (ii) the equivalent of $250,000.or

Statement of Expenditures. Except as ADB may otherwise agree, the Beneficiary shall establish immediately after the Effective Date, an imprest account at a domestic commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with ADB's Loan Disbursement Handbook and detailed arrangements agreed upon between the Beneficiary and ADB. The currency of the imprest account shall be Dollars. The initial amount to be deposited into the imprest account shall not exceed the lower of (i) the estimated expenditure to be financed from the imprest account for the first six (6) months of Project implementation, or (ii) the equivalent of five hundred thousand Dollars ($250,000500,000).