Publication: Magyar Közlöny
Issue: MK-1998-39 (Year: 1998, Number: 39)
Era: 1990-2004
Section: kiegészített 1991. évi XXV. törvény 27. §-ának (3) — a II/2.
Paragraph Index: 780

b) be accompanied by such evidence in support of the application as the Bank shall reasonably request. Authenticated specimen signatures of the person authorized to sign withdrawal applications shall be provided with the first application bearing his or her signature. Each withdrawal application for an amount of the Grant and its supporting evidence must be sufficient in form and substance to satisfy the Bank that the Recipient is entitled to withdraw such amount from the Grant Account and that such amount is to be used in the carrying out of the Activities. The Bank shall pay the amounts withdrawn by the Recipient from the Grant Account only to or on the order of the Recipient. 4.5. Withdrawals of the proceeds of the Grant shall be made in the currency of the Grant. The Bank, at the Recipient’s request and acting as an agent of the Recipient, shall purchase with the currency of the Grant withdrawn from the Grant Account such currencies as shall be required to pay for expenditures to be financed out of the proceeds of the Grant. Whenever it shall be necessary, for the purposes of this Letter Agreement, to determine the value of one currency in terms of another, such value shall be as reasonably determined by the Bank. 4.6. The Bank may require withdrawals from the Grant Account to be made on the basis of statements of expenditure for expenditures for services of individual counsultant under contracts costing less than $50,000 equivalent each, and for services of consulting firms under contracts costing less thant $100,000 under such terms and conditions as the Bank shall specify by notice to the Recipient. 4.7. To facilitate the carrying out of the Activities, the Recipient may open and maintain in Dollars a special deposit account (the Special Account) in the National Bank of Hungary on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of the Attachment to this Annex.

Source: https://magyarkozlony.hu/hivatalos-lapok/8f9065f7a1bc5348eb733c667d97201b40bc7402/dokumentumok/81c5e4c242b1ce1311e62905af231f9805babcb4/letoltes