Implementation Agreement. 1. To assist the Recipient in the carrying out of the Project, the Recipient shall enter into an Implementation Agreement with TANROADS, under terms and conditions approved by the Association (“Implementation Agreement”), pursuant to which TANROADS shall provide assistance to MoIC (Zanzibar) and PMO- RALG, in the implementation, respectively, of Parts A and B of the Project, such assistance to include, inter alia, the following activities to be carried out on behalf of the Recipient: (a) oversight of the procurement of works, goods, and consultants’ services; (b) financial management and reporting, including ensuring the performance of annual audits of Project accounts; (c) withdrawal of proceeds of the Financing, and of any designated account opened by the Recipient for the Financing; and (d) preparation of Project Reports; all in accordance with the provisions of this Agreement. 2. The Recipient shall exercise its rights and carry out its obligations under the Implementation Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Implementation Agreement or any of its provisions.
Appears in 1 contract
Sources: Financing Agreement
Implementation Agreement. 1. To assist the Recipient in the carrying out of the Project, the Recipient shall enter into an Implementation Agreement with TANROADS, under terms and conditions approved by the Association (“Implementation Agreement”), pursuant to which TANROADS shall provide assistance to MoIC (Zanzibar) and PMO- PMO-RALG, in the implementation, respectively, of Parts A and B of the Project, such assistance to include, inter alia, the following activities to be carried out on behalf of the Recipient:
(a) oversight of the procurement of works, goods, and consultants’ services;
(b) financial management and reporting, including ensuring the performance of annual audits of Project accounts;
(c) withdrawal of proceeds of the Financing, and of any designated account opened by the Recipient for the Financing; and
(d) preparation of Project Reports; all in accordance with the provisions of this Agreement.
2. The Recipient shall exercise its rights and carry out its obligations under the Implementation Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Implementation Agreement or any of its provisions.
Appears in 1 contract
Sources: Financing Agreement