Examples of Subproject Agreement in a sentence
Investments for FF subprojects will be partially financed through vouchers, issued by the PCU in the name of the beneficiaries (in accordance with the terms of each respective business plan and its corresponding Subproject Agreement).
The counterpart funds from the AA are expected to be deposited in the same specific account as a precondition for disbursing project funds, which will be sequenced in line with physical progress in accordance with the Subproject Agreement and the related schedule in the Subproject Procurement Plan.
The corresponding Procurement Plan for the investments to be procured by the AA will also be included in the Subproject Agreement.
The approved Business Plan and the corresponding Subproject Agreement will include details on the investments to be financed for the participating FFs, including the contribution from the Bank funds as well as the counterpart funds.
The counterpart funds from the AA are expected to be deposited in the same specific account as a precondition for disbursing project funds for the same purpose, which will be sequenced in line with physical progress in accordance with the Subproject Agreement and the related schedule in the Subproject Procurement Plan.