Utilization of the Resources of the Loan Sample Clauses

Utilization of the Resources of the Loan. (a) The resources of the Loan may only be used to pay expenses that: (i) are necessary for the Program and are in accordance with its objectives; (ii) are carried out in accordance with the provisions of this Contract and Bank policies; (iii) are adequately recorded and documented in the Borrower’s or Executing Agency’s system; and (iv) are incurred after November 16, 2016 and before the expiration of the Original Disbursement Period or any extensions thereof; such expenses are hereinafter referred to as “Eligible Expenditures.” (b) Notwithstanding the provisions of paragraph (a) of this Section, expenditures that meet the requirements of its subsection (i) and (iii), consisting of: (i) design, environmental and impact evaluation and supervision expenses of the infrastructure works included in Components 2 and 3; (ii) expenses related to the contracting of specialized personnel of the Agricultural Sector Development Unit (ASDU) dedicated to the Program; and (iii) travel, per diem expenses and office supplies, up to the equivalent of three hundred fifty thousand Dollars (US$350,000), may be recognized by the Bank as Eligible Expenditures, provided that they have been incurred between June 6, 2016 and November 16, 2016, in accordance with substantially analogous conditions to those established in this Contract; and with respect to procurement, the contracting procedures must be in conformity with the Procurement and Consultant Policies.

Utilization of the Resources of the Loan. The resources of the Loan may only be used to pay expenses that: (i) are necessary for the Program and are in accordance with its objectives; (ii) are carried out in accordance with the provisions of this Contract and Bank policies; (iii) are adequately recorded and documented in the Borrower’s or Executing Agency’s system; and (iv) are incurred after December 2, 2015 and before the expiration of the Original Disbursement Period or any extensions thereof; such expenses are hereinafter referred to as “Eligible Expenditures.”

Utilization of the Resources of the Loan. The resources of the Loan may only be used to pay expenses that: (i) are necessary for the Project and are in accordance with its objectives; (ii) are carried out in accordance with the provisions of this Contract and Bank policies;

Utilization of the Resources of the Loan. (a) With the resources of the Loan, the Borrower may grant loans for new working capital and investments loans to intermediary financial institutions ("IFis") subject to oversight and monitoring by the Executing Agency as well as directly to micro, small and medium enterprises ("MSMEs"), eligible under the Project, that are: (i) carried out in accordance with the provisions ofthis Contract and the CR; (ii) adequately recorded and documented; and (iii) incurred August 4, 2021 and before the expiration of the Original Disbursement Period or any extensions thereof; such expenses are hereinafter referred as "Eligible Expenditures". (b) Notwithstanding the provisions ofparagraph (a) ofthis Section, expenditures that meet the requirements ofits subsection (i) and (iii), up to the equivalent ofthree million Dollars (US$3,000,000), may be recognized by the Bank as Eligible Expenditures, provided that they have been incurred between May 13, 2021 and August 4, 2021, in accordance with substantially analogous conditions to those established in this Contract; and the contracting procedures must be in conformity with the Core Procurement Principies.