Sample Disbursement Letter (Investment Loan)



The World Bank1818 H Street N.W.(202) 473-1000INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENTWashington, D.C. 20433Cable Address: INTBAFRADINTERNATIONAL DEVELOPMENT ASSOCIATIONU.S.A.Cable Address: INDEVASCONFORMED COPYOctober 25, 2010Mr. Ailton Brasiliense PiresPresidentAssocia??o Nacional de Transportes Públicos (ANTP)Alameda Santos n? 1000. 7? andarS?o Paulo/SP Brazil – CEP 01418-100Mr. Marcos Pimentel BicalhoSuperintendentAssocia??o Nacional de Transportes Públicos (ANTP)Alameda Santos n? 1000. 7? andarS?o Paulo/SP Brazil – CEP 01418-100Re: GEF Grant No. TF095978- BR (GEF Grant for Sustainable Transport and Air Quality Project)-Amendment of Additional Instructions: Cover LetterDear Sirs:I refer to the individual letter titled Additional Instructions: Disbursement Letter (“Disbursement Letter”) for TF095978. We would like to inform you that the said Disbursement Letter is hereby amended to include the following additional instructions: Section II, Withdrawal of Grant Proceeds, is amended to include a new subsection (iii) and (iv) which shall read as follows:(iii) Electronic Delivery (subsection 3.4). The World Bank may permit the Recipient to electronically deliver to the World Bank Applications (with supporting documents) through the World Bank’s Client Connection, web-based portal. The option to deliver Applications to the World Bank by electronic means may be effected if: (a) the Recipient has designated in writing, pursuant to the terms of subparagraph (i) of this Section, its officials who are authorized to sign and deliver Applications and to receive secure identification devices (“Tokens”) from the World Bank for the purpose of delivering such Applications by electronic means; and (b) all such officials designated by the Recipient have registered as users of Client Connection. If the World Bank agrees, the World Bank will provide the Recipient with Tokens for the designated officials. Following which, the designated officials may deliver Applications electronically by completing Form 2380, which is accessible through Client Connection (). The Recipient may continue to exercise the option of preparing and delivering Applications in paper form. The World Bank reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Recipient. (iv) Terms and Conditions of Use of Tokens to Process Applications. By designating officials to accept Tokens and by choosing to deliver the Applications electronically, the Recipient confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Devices in connection with Use of Electronic Means to Process Applications and Supporting Documentation (“Terms and Conditions of Use of Tokens”) provided in Attachment 3; and (b) to deliver the Terms and Conditions of Use of Tokens to each such official and to cause such official to abide by those terms and conditions.All remaining subsections of Section II, Withdrawal of Grant Proceeds are renumbered accordingly. The attachments to the Disbursement Letter are also renumbered accordingly, due to the inclusion of the new Attachment 3-Terms and Conditions of Use of Secure Identification Devices in connection with Use of Electronic Means to Process Applications and Supporting Documentation (“Terms and Conditions of Use of Tokens”).For the purpose of designating authorized signatories to accept Tokens and to sign and deliver Applications electronically, please note that the Recipient’s Representative for disbursement purposes as per the Letter Agreement, needs to submit a revised Authorized Signatory Letter, in the format provided in Annex I to this letter. Upon receipt by the World Bank of the revised Authorized Signatory Letter, the World Bank will register as users of Client Connection all persons who are authorized by the Recipient to sign Applications for the Grant, and will provide those persons with Tokens.If the Recipient would like to change the persons authorized to sign Applications for this Grant, please submit a revised Authorized Signatory Letter, in the format provided in Annex II to this letter.All other provisions of the Disbursement Letter remain in full force and effect. I have included as Annex III to this Cover Letter a revised copy of the Disbursement Letter reflecting all of the above changes.Sincerely, /s/ Miguel-Santiago OliveiraFinance OfficerLoan Fiduciary & Controls Division (CTRFC)Annex IForm of Authorized Signatory LetterAssocia??o Nacional de Transportes Públicos (ANTP) [Street address] [DATE]The World Bank1818 H Street, N.W.Washington, D.C. 20433United States of AmericaAttention: Mr. Makhtar Diop, Director Brazil-Country Management UnitRe: GEF Grant No. TF095978- BR (GEF Grant for Sustainable Transport and Air Quality Project) Supplementary Authorization Letter for Electronic Disbursement RequestDear Makhtar:I refer to the Authorized Signatory Letter submitted to the World Bank in respect of above Trust Fund dated July 27, 2010 authorizing designated persons to sign, on behalf of the Recipient, Applications under said Trust Fund.For the purpose of delivering an Application to the World Bank, [each] [any two/three] of the persons whose authenticated specimen signatures appears in the Authorized Signatory Letter referred to above is authorized on behalf of the Recipient, acting [individually] [jointly], to deliver Applications for withdrawal under said Trust Fund, and evidence in support thereof, including by electronic means, on the terms and conditions specified by the World Bank (including the Terms and Conditions of Use of Secure Identification Devices in connection with Use of Electronic Means to Process Applications for Withdrawal and Supporting Documentation which have been provided by the Recipient to such person(s)). This Authorization supplements each Authorized Signatory Letter in the World Bank records with respect to the above Trust FundYours truly,/ signed / _______________________Recipients RepresentativeAnnex IIForm of Authorized Signatory LetterAssocia??o Nacional de Transportes Públicos (ANTP) [Street address][DATE]The World Bank1818 H Street, N.W.Washington, D.C. 20433United States of AmericaAttention: Mr. Makhtar Diop, Director Brazil-Country Management Unit Re: GEF Grant No. TF095978- BR (GEF Grant for Sustainable Transport and Air Quality Project)Dear Makhtar:I refer to the Grant Agreement (“Agreement”) between the International Bank for Reconstruction and Development (“World Bank”), acting as an implementing agency of the Global Environmental Facility (“GEF”), and Associa??o Nacional de Transportes Públicos (ANTP) (the “Recipient”) for the above-referenced project, dated March 4, 2010, providing for the above Grant. For the purposes of Section 3.04 (b) of the Standard Conditions, as defined in the Agreement, any [one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Recipient to sign Applications for withdrawal under this Grant.For the purpose of delivering Applications to the World Bank, [each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Recipient, acting [individually] [jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the World Bank.[This confirms that the Recipient is authorizing such persons to accept Tokens and to deliver the Applications and supporting documents to the World Bank by electronic means. In full recognition that the World Bank shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Devices in connection with Use of Electronic Means to Process Applications and Supporting Documentation (“Terms and Conditions of Use of Tokens”), the Recipient represents and warrants to the World Bank that it will deliver to each such person a copy of the Terms and Conditions of Use of Tokens and will cause such persons to abide by those terms and conditions.]This Authorization replaces and supersedes any Authorization currently in the World Bank records with respect to this Agreement.[Name], [position]Specimen Signature: ____________________ [Name], [position]Specimen Signature: ____________________ [Name], [position]Specimen Signature: ____________________ Yours truly,/ signed / ______________Recipients Representative ................
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