Sub-projects Sample Clauses
The 'Sub-projects' clause defines how additional, related projects under the main contract are to be managed and governed. It typically outlines the process for initiating, approving, and integrating sub-projects, including any requirements for separate scopes of work, timelines, or budgets. This clause ensures that both parties have a clear framework for handling multiple, connected projects, thereby promoting organization and reducing the risk of misunderstandings or scope creep.
Sub-projects. 1. The Borrower shall make Sub-loans to Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Bank, as set forth in the Operations Manual.
2. The Borrower shall make each Sub-loan under a Sub–loan Agreement with the respective Beneficiary on terms and conditions approved by the Bank. In particular, the Borrower shall obtain rights adequate to protect its interests and those of the Bank, including the right to: (i) suspend or terminate the right of the Beneficiary to use the proceeds of the Sub-loan, or declare to be immediately due and payable all or any part of the amount of the Sub-loan then withdrawn, upon the Beneficiary’s failure to perform any of its obligations under the Sub-loan Agreement; and (ii) require each Beneficiary to: (A) carry out its Sub-project with due diligence and efficiency and in accordance with sound technical, economic, financial, managerial, environmental and social standards and practices satisfactory to the Bank, including in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Borrower; (B) provide, promptly as needed, the resources required for the purpose; (C) procure the goods and works to be financed out of the Sub-loan in accordance with the provisions of this Agreement; (D) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Bank, the progress of the Sub-project and the achievement of its objectives; (E)
(1) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Bank, both in a manner adequate to reflect the operations, resources and expenditures related to the Sub-project; and (2) at the Bank’s, ANME’s or the Borrower’s request, have such financial statements audited by independent auditors acceptable to the Bank, in accordance with consistently applied auditing standards acceptable to the Bank, and promptly furnish the statements as so audited to the Borrower and the Bank; (F) enable the Borrower, ANME and the Bank to inspect the Sub-project, its operation and any relevant records and documents; and (G) prepare and furnish to the Borrower, the Bank and ANME all such information as the Borrower, the Bank or ANME shall reasonably request relating to the foregoing. In addition, the Sub-loan Agreement shall indicate that the Sub-project shall not involve...
Sub-projects. 1. The Project Implementing Entity shall not finance any Sub-projects unless the Association has confirmed in writing that all of the following conditions have been met:
(i) the Project Implementing Entity has opened a Sub-Account with a financial institution acceptable to the Association;
(ii) the Project Implementing Entity has established a financial management system and a procurement system in form and substance satisfactory to the Association, and with functions and resources satisfactory to the Association, including staff with qualifications, experience, and terms of reference satisfactory to the Association and recruited in accordance with the provisions of Section III of Schedule 2 of the Financing Agreement;
(iii) the Project Agreement has been executed by the Project Implementing Entity;
(iv) the Subsidiary Agreement has been executed on behalf of the Recipient and the Project Implementing Entity; and
(v) a legal opinion satisfactory to the Association from counsel acceptable to the Association shall have confirmed that: (A) the Subsidiary Agreement has been duly authorized or ratified by the Recipient and the Project Implementing Entity and is legally binding upon the Recipient and the Project Implementing Entity in accordance with its terms; and (B) the Project Agreement has been duly authorized or ratified by the Project Implementing Entity and is legally binding upon the Project Implementing Entity in accordance with its terms.
Sub-projects. 1. The Participating Bank shall make Sub-loans to Beneficiaries and appraise, review, approve, and supervise Sub-projects in accordance with the criteria, conditions and procedures set forth in the Operations Manual, including, inter alia, the following eligibility criteria:
(a) (i) the proposed Sub-project is in compliance with the environmental standards set out in the Environmental Assessment Framework, and with all applicable laws and regulations of the Recipient relating to environmental protection; (ii) an environmental screening has been carried out for the proposed Sub-project in accordance with principles set forth in the Environmental Assessment Framework; and (iii) if said environmental screening concludes that an EMP is required, said EMP has been prepared by the Beneficiary and approved by the Recipient and the Association for implementing the proposed Sub-project;
(b) the proposed Sub-project is technically feasible, and economically, financially and commercially viable; and
(c) the proposed Sub-project is in support of energy efficiency investments in industrial enterprises with the objective of achieving energy savings and shall include, inter alia, the following categories of energy efficiency investments:
(i) investments in energy systems related to boiler upgrading and fuel switching, use of co-generation facilities, electric driven systems, including compressed air systems, electric chillers, machinery and lighting; as well as heat piping (steam, water) and associated equipment;
(ii) investments in process technology related to upgrading and replacement of equipment, machinery and facilities; and/or
(iii) investments in waste heat and waste use related to the utilization of waste heat (of hot/warm gases, liquids and solids) and burning of combustible waste (gases, liquids, solids) when harmful pollution can be effectively controlled.
2. No Sub-project shall be eligible for financing under the Project if such Sub- project:
(a) is qualified as per the Environmental Assessment Framework as a Category A; or (b) will include activities deemed ineligible in accordance with the exclusion list set forth and defined in the Operations Manual.
3. The Participating Bank shall make Sub-loans to Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Association as set out in the Operations Manual, and shall only make the proceeds of the Sub-loan available to such Beneficiary after the Participating Bank has entered int...
Sub-projects. 1. For the purposes of Parts 2.B (ii) and 3.B (ii) of the Project, the Recipient shall cause the Entities to make Rural Development Grants to Beneficiaries in accordance with eligibility criteria and procedures set forth in the Rural Development Grants Operational Manual, and acceptable to the Association, which shall include the following: sub-project proposals for Rural Development Grants shall be guided by the Agriculture and Rural Development Strategy and shall be selected, appraised, implemented and evaluated in accordance with the principles and procedures set forth in the Operational Manual, the Procurement Guidelines, the Anti-Corruption Guidelines and the EMF.
2. The Recipient shall cause the Entities to make each Rural Development Grant under a Rural Development Grant Agreement with the respective Beneficiary on terms and conditions approved by the Association, which shall include the following:
(a) Rural Development Grant Agreements shall be denominated in KM; and
(b) the Recipient shall, and shall cause the Entities, to obtain rights adequate to protect its interests and those of the Association, including the right to:
(i) suspend or terminate the right of the Beneficiary to use the proceeds of the Rural Development Grant, or obtain a refund of all or any part of the amount of the Rural Development Grant, upon the Beneficiary’s failure to perform any of its obligations under the Rural Development Grant Agreement; and
(ii) require each Beneficiary to: (A) carry out its obligations under the Rural Development Grant Agreement with due diligence and efficiency and in accordance with sound technical, economic, financial, managerial, environmental and social standards and practices satisfactory to the Association, including in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Recipient, and the EMF; (B) provide, promptly as needed, the resources required for the purpose; (C) procure the goods, works and services to be financed out of the Rural Development Grant Agreement in accordance with the provisions of this Agreement, and the Procurement Guidelines; (D) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Association, the progress of the Sub- project and the achievement of its objectives; (E)
(1) maintain a financial management system and prepare financial statements in accordance with consistently ap...
Sub-projects. The main initial Sub-Projects will consist of the implementation, operation and maintenance of the System including Hosts, Network and Access Points, ancillary software- and hardware-components (e.g., operating systems, system management Tools) and the connection of these elements with the Network, all as set forth in more detail in Schedule 2.2 which also includes the payment schedule for those Services until 31 December 2000 for those Services regarding the CBOT Group, and in Schedule 1.4 and in Schedule 9.2b regarding the Eurex Group. If the CBOT Group exercises its right to terminate for convenience under Clause 18.2, the fixed payments in lieu of payments under (S) 649 German Civil Code are set forth in Schedule 2.2a.
Sub-projects. The Guarantor shall cause ANME to: (i) receive and evaluate the applications prepared by the Beneficiaries regarding the proposed Sub-projects; and (ii) screen and approve the Sub-projects submitted by the Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Bank, as set forth in the Operations Manual.
Sub-projects. The Borrower shall ensure that, except as the undertakes that, unless the Association shall otherwise agree, Sub-Projects shall be promoted, identified, appraised, approved, carried out and monitored in accordance with the procedures and other provisions set forth or referred to in the Project Implementation Manual.
Sub-projects. The Recipient shall cause each Project Implementing Entity to ensure that each PFI:
(a) Selects eligible MSMEs, eligible Beneficiaries or eligible Enterprises (as applicable) which:
(i) comply with the eligibility criteria set forth in the Project Implementational Manuals, including that the eligible MSMEs, eligible Beneficiaries or eligible Enterprises, as applicable, shall have an ownership, management and financial structure consistent with the laws and regulations of the Recipient; and
(ii) are not in litigation or on a list of companies declared ineligible by the Association to participate in Association-financed projects;
(b) screens and selects Sub-projects in accordance with the selection and eligibility criterion set forth in the PIMs. The following Sub-projects shall not be eligible for financing, as further set forth in the Project Implementational Manuals:
(i) any Sub-projects involving non-eligible expenditures (as such term is defined in the Project Implementational Manuals);
(ii) any Sub-projects affecting international waterways, natural habitats, disputed areas or indigenous peoples;
(iii) any Sub-projects involving the conversion or degradation of forest areas;
(iv) any Sub-projects involving the involuntary taking of land or involuntary resettlement resulting in relocation or loss of shelter, loss of assets or access to assets, loss of income sources or means of livelihood, or involving the involuntary restriction of access to legally designated parks and protected areas;
(v) any Sub-projects involving the construction or rehabilitation of dams;
(vi) any Sub-projects that finance Excluded Expenditures.
Sub-projects. 1. The Borrower shall cause the Project Implementing Entity to carry out the Subprojects under Part 1 of the Project in accordance with the provisions of the Project Agreement.
Sub-projects. 1. The Recipient shall appraise (or cause to be appraised), approve (or cause to be approved), and monitor (or cause to be monitored) the activities under Parts A.3(iv) and C.1(a)(i) of the Project, and administer the Sub-grants in accordance with the provisions and procedures set forth in this Section I.F and in more detail in the Project Manual of Procedures.