Common use of Implementation Covenants Clause in Contracts

Implementation Covenants. 1. HV and the Croatia PIT shall: (a) duly perform their obligations under the Operational Manual, the EMP, the EMF and the MOU in a timely manner and in accordance with their respective terms, and apply and implement, as the case may be, the actions, criteria, policies, procedures and arrangements therein set forth; and (b) not amend or waive, or permit to be amended or waived the Operational Manual, the EMP, the EMF or the MOU or any provisions of any one thereof, except with the prior written approval of the World Bank. 2. HV, through the Croatia PIT, shall: (a) duly perform its obligations under this Agreement and the HV Subsidiary Grant Agreement, as the case may be, in accordance with the river basin management plan to be prepared under Part A.(iii) of the Project and acceptable to the World Bank; and (b) in the event that said plan is amended or waived, ensure that any such amendment or waiver is acceptable to the World Bank.