Additional Project Implementation Arrangements Sample Clauses
Additional Project Implementation Arrangements. 1. Annual Work Plan and Budget for the Project
(a) Each year the Recipient shall prepare a draft annual work plan and budget containing all activities and expenditures proposed to be included in the Project for the following year of Project implementation, of such scope and detail as the Association shall have reasonably requested.
(b) The Recipient shall furnish to the Association, as soon as available, but in any case not later than November 30 of each year, the annual work plan and budget referred to in paragraph 1 above, for their review and approval; except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than ninety
Additional Project Implementation Arrangements. 1. Annual Work Plan and Budget for the Project
(a) Each year the Borrower shall, and shall cause FIRS and NCS to, prepare a draft annual work plan and budget containing all activities and expenditures proposed to be included in the Project for the following year of Project implementation, of such scope and detail as the Bank shall have reasonably requested.
(b) The Borrower shall cause FIRS and NCS to furnish to the Borrower, as soon as available, but in any case not later than November 10 of each year, their annual work plans and budget referred to in paragraph 1 above, for the Borrower’s review and inclusion into the Borrower’s consolidated annual work plan and budget; except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished to the Borrower no later than seventy (70) days after the Effective Date.
(c) The Borrower shall furnish to the Bank, as soon as available, but in any case not later than November 30 of each year, the annual work plan and budget referred to in paragraph 1 above, for their review and approval; except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than ninety (90) days after the Effective Date. Only the activities included in an annual work plan and budget expressly approved by the Bank (each an “Annual Work Plan and Budget”) are eligible to a financing from the proceeds of the Loan.
(d) The Borrower shall, and shall cause FIRS and NCS to, ensure that the Project is carried out in accordance with the Annual Work Plans and Budgets, provided, however, that in case of any conflict between the Annual Work Plan and Budget and the provisions of this Agreement, the provisions of this Agreement shall prevail.
(e) The Borrower shall not amend, abrogate or waive any provision of the Annual Work Plan and Budget without the prior consent of the Bank and such consent shall not be unreasonably withheld.