Common use of Work Plans and Budgets Clause in Contracts

Work Plans and Budgets. (a) The Recipient shall prepare and furnish to the Association for its approval, not later than June 30 in each year during the implementation of the Project or such later date as the Association may agree, annual work plans and budgets containing all activities to be carried out in the following calendar year. (b) The Recipient shall cause the Project Implementing Entity to implement, monitor and evaluate its annual work plan and budget in accordance with the provisions set forth in this Agreement and in more detail in the PIM and the Subsidiary Agreement as they shall have been approved by the Association pursuant to the provisions of paragraph (a) above.

Work Plans and Budgets. (a) The Recipient Project Implementing Entity shall prepare and furnish to the Recipient and the Association for its approval, not later than June 30 in each year during the implementation of the Project or such later date as the Association may agree, annual work plans and budgets containing all activities to be carried out in the following calendar year. (b) The Recipient shall cause the Project Implementing Entity to shall implement, monitor and evaluate its annual work plan and budget in accordance with the provisions set forth in this Agreement and in more detail in the PIM and the Subsidiary Agreement as they shall have been approved by the Recipient and the Association pursuant to the provisions of paragraph (a) above.