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

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 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 system; and (iv) are incurred after December 214, 2015 2016 and before the expiration of the Original Disbursement Period or any extensions thereof; such expenses are hereinafter referred to as “Eligible Expenditures.”