Common use of Utilization of the Resources of the Loan Clause in Contracts

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. (a) The resources of the Loan may only be used to pay expenses that: (i) are necessary for the Program Project 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 Agencies’ system; and (iv) are incurred after November 16December 9, 2016 2019 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 activities foreseen in Components 2 and 3; (ii) expenses Sub- Component 3.1 related to the contracting purchase of specialized personnel of the Agricultural Sector Development Unit (ASDU) dedicated to the Program; distribution equipment and (iii) travel, per diem expenses and office suppliesmaterial, up to the equivalent of three two million two hundred fifty thousand Dollars (US$350,0002,200,000), may be recognized by the Bank as Eligible Expenditures, provided that they have been incurred between June 6January 18, 2016 2019 and November 16December 9, 20162019, 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.