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The proceeds of the Loan shall be disbursed by the Bank to or on behalf of the Borrower in accordance with the progress of the Project, up to the amount of the Loan, and
The proceeds of the Loan shall be disbursed by the Bank to or on behalf of the Borrower in accordance with the progress of the Project, up to the amount of the
(a) if, at any time, the Bank shall have determined that all further withdrawals should be made by the Borrower directly from the Loan Account in
(a) If the Bank shall have determined at any time that any payment out of the Special Account: (i) was made for an expenditure or in an amount not eligible
The United States and Indonesia shall periodically exchange through the Agency information concerning the physical protection measures maintained by Indonesia
currency equivalent to the United States dollar amount disbursed. shall be computed on the basis of the prescribed rate of
The instalments shall be paid in freely convertible US dollars or any other freely convertible currency acceptable to the Bulgarian Foreign Trade Bank,
13.2 The travel allowances shall be adjusted annually with the same percentage of salary increase as determined by SALGA for all employees receiving travelling allowance with the
