Common use of Eligibility and Selection Clause in Contracts

Eligibility and Selection. In carrying out Part B.1 of the Project, the Borrower shall, through DSI, ensure that, unless otherwise agreed to by the Bank in writing and thereafter incorporated into the POM, each subproject is appraised, selected and prioritized in accordance with standards, criteria and procedures acceptable to the Bank, as specified in this Agreement and detailed in the POM, which shall include the considerations set forth below: (a) is aligned with the Project objectives, as set forth in Schedule 1 of this Agreement; (b) is technically feasible; (c) is economically and financially viable; (d) is demand and needs driven; (e) demonstrates substantial readiness for implementation; and (f) is in compliance with, and can be designed and implemented in a manner in compliance with (i) the Bank’s fiduciary requirements (including financial and procurement), (ii) the Bank’s Environmental and Social Standards, Section I.D of this Schedule, the Environmental and Social Commitment Plan, and the Environmental and Social Instruments (as such instruments, in the judgment of the Bank, may need to be amended to appropriately address the environmental and social considerations relevant to the proposed investments), and (iii) all other relevant terms of this Agreement, including the exclusion of Excluded Activities as defined in this Agreement and as may be further elaborated in the POM.

Appears in 1 contract

Sources: Loan Agreement

Eligibility and Selection. In carrying out Part B.1 Parts A.1 and A.2 of the Project, the Borrower shall, through DSI, shall ensure that, unless otherwise agreed to by the Bank in writing and thereafter incorporated into the POM, each subproject Municipal Sub-borrower, and each Municipal Subproject is appraised, selected selected, and prioritized in accordance with standards, criteria and procedures acceptable to the Bank, as specified in this Agreement and further detailed in the POM, which shall include the considerations set forth below: (a) is aligned with the Project objectives, as set forth in Schedule 1 of this Agreement; (b) is technically feasible; (c) is economically and financially viable; (d) is demand and needs driven; (e) demonstrates substantial readiness for implementation; and (f) is in compliance with, and can be designed and implemented in a manner in compliance with (i) the Bank’s fiduciary requirements (including financial and procurement), (ii) the Bank’s Environmental and Social Standards, Section I.D of this Schedule, the Environmental and Social Commitment Plan, and the Environmental and Social Instruments (as such instruments, in the judgment of the Bank, may need to be amended to appropriately address the environmental and social considerations relevant to the proposed investments), and (iii) all other relevant terms of this Agreement, including the exclusion of Excluded Activities as defined in this Agreement and as may be further elaborated in the POM.

Appears in 1 contract

Sources: Loan Agreement