Common use of Program Operational Manual Clause in Contracts

Program Operational Manual. 1. The Borrower shall maintain a Program Operational Manual (“POM”) in form and substance satisfactory to the Bank, and thereafter ensure that the Program is maintained and carried out in accordance with the provisions set forth in the POM, including ensuring adherence by the DSPV Sub-borrowers, ▇▇▇▇ Sub-borrowers, and Facility Borrowers (which shall include causing the respective Facility Sub-borrowers’ adherence to the POM). 2. Said POM shall set forth the institutional, administrative, financial, technical, and operational guidelines and procedures for the implementation of the Program, including, inter alia: (a) the Program Action Plan; (b) for the implementation of Results Area 1 of the Program: (i) the eligibility criteria for selecting the beneficiary DSPV Sub-borrowers; (ii) the eligibility criteria for selecting DSPV Sub-projects; (iii) the terms and conditions for the Borrower’s provision of DSPV Sub-loans to DSPV Sub-borrowers; (iv) the procedures for approving DSPV Sub-projects; and (v) the documentation requirements (including the standard DSPV Sub-loan application and DSPV Sub-loan Agreement);