Common use of Documents, Records Clause in Contracts

Documents, Records. The Recipient shall ensure that: (a) all documents related to the Project are promptly furnished to the World Bank upon its request, in such detail as the World Bank shall reasonably request; (b) records are maintained adequate to record the progress of the Project (including its cost and the benefits to be derived from it), to identify the goods, works and services financed out of the proceeds of the Grant and to disclose their use in the Project, and such records are furnished to the World Bank promptly upon its request; (c) all records evidencing expenditures under the Project are retained until at least: (i) two years after the Closing Date (as defined below in Section 3.06 (c)); or (ii) if the World Bank requires audits of the Recipient’s Financial Statements pursuant to Section 2.07 (b) below, the later of: (A) one year after the World Bank has received the audited Financial Statements covering the period during which the last withdrawal from the Grant Account was made; and (B) two years after the Closing Date; and (d) the representatives of the World Bank are able to examine all records referred to above in (b) and (c), and are provided all such information concerning such records as they may from time to time reasonably request.

Documents, Records. The Recipient shall ensure that: (a) all documents related to the Project are promptly furnished to the World Bank upon its request, in such detail as the World Bank shall reasonably request; (b) records are maintained adequate to record the progress of the Project (including its cost and the benefits to be derived from it), to identify the goods, works and services financed out of the proceeds of the Grant and to disclose their use in the Project, and such records are furnished to the World Bank promptly upon its request; (c) all records evidencing expenditures under the Project are retained until at least: (i) two years after the Closing Date (as defined below in Section 3.06 (c)); or (ii) if the World Bank requires audits of the Recipient’s Financial Statements pursuant to Section 2.07 (b) below, the later of: (A) one year after the World Bank has received the audited Financial Statements covering the period during which the last withdrawal from the Grant Account was mademade (if the World Bank requires an audit of the Recipient’s Financial Statements pursuant to the provisions of the Grant Agreement); and (Bii) two years after the Closing Date; and (d) the representatives of the World Bank and its representatives are able to examine all records referred to above in (b) and (c), and are provided all such information concerning such records as they may from time to time reasonably request.