Project Undertakings Sample Clauses

Project Undertakings. The Beneficiary shall be fully responsible for the implementation of the Project. Without limiting the generality of what is said elsewhere in the Grant Agreement, the Beneficiary specifically warrants, undertakes and covenants that: it shall ensure that the proceeds of the Grant shall be used solely for the payment of reasonable cost of goods, works and/or services required for the implementation of the Project; it shall take, or cause to be taken all actions which are necessary to implement the Project with due diligence and efficiency and in accordance with the Grant Agreement, as well as in conformity with appropriate administrative, financial, engineering, social and environmental practices, in order to ensure that the Project comply with the highest industry standards; it shall take all actions which are necessary to ensure that the property, equipment and/or assets, provided to the Beneficiary through the Grant within the Project, will be used for the intended purpose as described in Annex 1 and remain the property of the Beneficiary for not less than five (5) years from the date of the commissioning of the Project unless otherwise agreed by NEFCO; it shall comply with all applicable laws, statutes and regulations as well as with relevant agreements to which it is a party; it has taken, or shall promptly take action within its powers to approve and provide, or make to be approved and provided, all rights, licenses, filings, registration and authorizations that are necessary for the implementation of the Project; it shall ensure that the scope of the Project is not, and will not be materially changed, unless NEFCO shall otherwise approve in writing; it shall comply with any reporting obligations specified in Annex 1 (the Project Description and Reporting), including in particular the environmental reporting obligations; it shall furnish to NEFCO, or cause to be furnished in a timely manner any reports and information required under Annex 1, as well as any such other reports and information relating to the implementation of the Project as NEFCO or any donor to the Fund may reasonably request, including, without limitation, a final report following the completion of the Project; it shall provide, or cause to be provided access and make other arrangements for NEFCO or NEFCO’s representative(s), including representiatives of the donors to the Fund, to visit all relevant construction and/or other sites of the Project and review all books of account relati...

Project Undertakings. Access Right Holder must:

Project Undertakings. The undertakings in this clause 24 apply throughout the Facility Period.

Project Undertakings. Care and diligence

Project Undertakings. Access Right Holder must: (a) develop, construct, operate and maintain the Project in accordance with the Social Licence Commitments, the Model ProponentAccess Right Holder Commitment, Good Industry Practice and all applicable Laws and authorisations; (b) ensure that the Project complies with the Project Characteristics in all material respects on and from the date that First Commissioning is achieved;; (c) ensure that each Milestone is achieved by the relevant Milestone Date; and (d) report on the development, construction and operation of the Project in accordance with clauses 99, 14.214.2 and 15.3.

Project Undertakings. Use of Loan and availability of other funds The Borrower shall use all amounts borrowed by it under this Contract for the execution of the Project. The Borrower shall ensure that it has available to it the other funds listed in Recital (b) and that such funds are expended, to the extent required, on the financing of the Project.

Project Undertakings. The portfolio to cover large number of EU Member States to create a diversified portfolio.

Project Undertakings. Each Borrower undertakes that unless the Agent shall otherwise have agreed in writing, it shall, until the Discharge Date: (A) procure that the Phase IA Assets and Additional Land are kept in all material respects in good operating condition and in good condition respectively, and that all repairs, renewals and replacements (including substitutions) to or of Phase IA Assets required to such end are promptly made, subject to the provisions of clause 3 of the Covenants; provided that, consistent with Disney standards applied at Disneyland in California, the Magic Kingdom at ▇▇▇▇ Disney World in Florida and Tokyo Disneyland in Japan, non-material items need not be replaced; (1) pay punctually or procure punctual payment of all costs relating to Phase IA (other than financial costs) in such manner and at such times so as to ensure that no right to cancel any of the Disney Support Documents or the Phase IA Documents arises and that no breach thereof is committed by it, except to the extent that: (a) such payment is being contested in good faith; (b) the failure to make such payment is consistent with good business judgement; (c) any of the Financing Documents shall otherwise require; or (d) agreement has been reached with the relevant other party thereto that failure to make such payment will not be treated as a breach; (2) take all reasonable steps to pursue and enforce all its rights under the Disney Support Documents and the Phase IA Documents unless the position of the Banks would not be adversely affected by a failure on the part of such Borrower to pursue and enforce such rights; (3) promptly (and at least 21 days prior to the proposed date of implementation) give written notice to the Agent of any amendment or supplement, and of any cancellation, surrender, abandonment, termination, acceptance of repudiation or action rendering terminable, which in any such case is proposed in respect of any of the Disney Support Documents and the Phase IA Documents; (4) supply to the Agent promptly after it is made a copy of any amendment or supplement to any of the Disney Support Documents or the Phase IA Documents, of any new Disney Support Documents or Phase IA Document and of any material agreement or instrument supplemental or complementary or made pursuant to any of the Disney Support Documents and the Phase IA Documents; (C) in relation to the Master Agreement, (1) use its best efforts to enforce its rights against the French public parties under the Master Agree...

Project Undertakings. Subject to the provisions of paragraph 2 of this Section B, the Borrower shall ensure that the Project is carried out in accordance with the Operations Manual and the Current ESSF, and shall ensure that the Operations Manual and the Current ESSF are not materially revised, amended or abrogated without the prior approval of the Bank. Within nine (9) months from the date of this Agreement, the Borrower shall prepare, adopt, and publish on its Web site, an enhanced Environmental and Social Safeguards Framework, satisfactory to the Bank, which shall summarize the policies and provisions related to the Sub-projects for: (a) carrying out environment and social assessment; (b) conducting consultations with relevant stakeholders; (c) preparing, reviewing and implementing management plans such as Environment Management Plans, Resettlement Action Plans, Tribal Development Plans, as applicable; (d) processing and redressing grievances; and (e) carrying out monitoring and evaluation of implementation outcomes. The Borrower shall update the respective environmental and social sections of the Operations Manual and ensure that the Project is carried out in accordance with the enhanced Environmental and Social Safeguards Framework immediately following its adoption. The enhanced Environmental and Social Safeguards Framework may be revised from time to time with the prior approval of the Bank.