Common use of Project Midterm Review Clause in Contracts

Project Midterm Review. The Borrower shall, not later than December 31, 1997, carry out jointly with the Association, and with the participation of ▇▇▇▇▇▇, a midterm review of the Project and, soon thereafter, shall implement the recommendations of such a review. In order to facilitate this review, the Borrower shall prepare and furnish to the Association, not later than four weeks before the scheduled date of this review, a report of Project activities of such scope and in such detail as the Association shall have reasonably requested. The review shall cover, inter alia: (a) an assessment of the restructuring of SOLIMA operations; (b) the functioning of the competitive market in the petroleum sector; (c) the pricing and taxation of petroleum products; and (d) overall Project performance against established and agreed key performance indicators.

Appears in 2 contracts

Sources: Development Credit Agreement, Development Credit Agreement