Common use of Overall Project Management Clause in Contracts

Overall Project Management. The Borrower shall cause MIGA to carry out the Project in accordance with the Framework Agreement, the Operational Rules, the Environmental and Social Framework, and the Participation Agreement and except as the Association shall otherwise agree, the Borrower shall not, and shall not cause MIGA to, amend, vary, or waive the Framework Agreement, the Operational Rules, or the Environmental and Social Framework if, in the opinion of the Association, such amendment or waiver may materially and adversely affect the carrying out of the Project or the achievement of the objectives thereof.

Appears in 2 contracts

Sources: Development Credit Agreement, Development Credit Agreement