Common use of Program Action Plan Clause in Contracts

Program Action Plan. The Borrower, through SEPL, shall: 1. undertake the actions set forth in the Program Action Plan in a manner satisfactory to the Bank; 2. except as the Bank and the Borrower shall otherwise agree in writing, not assign, amend, abrogate, or waive, or permit to be assigned, amended, abrogated, or waived, the Program Action Plan, or any provision thereof; and 3. maintain policies and procedures adequate to enable it to monitor and evaluate, in accordance with guidelines acceptable to the Bank, the implementation of the Program Action Plan.