Advance Contracting and Retroactive Financing Sample Clauses

Advance Contracting and Retroactive Financing. Advance Contracting and Retroactive Financing shall be carried out in accordance with the Procurement Guidelines or Consultant Guidelines, as the case may be, up to an amount of US$850,000 equivalent for each Entity.
Sample 1Sample 2
AutoNDA by SimpleDocs
Advance Contracting and Retroactive Financing. Under each loan of the Facility, advance contracting of civil works and equipment and materials, and recruitment of consulting services may be requested subject to these being eligible in accordance with agreed procedures and guidelines as above. Except as otherwise agreed with ADB, the expenditures incurred for civil works, equipment and materials and consulting service eligible for advance contracting will be eligible for retroactive financing of up to 20% of the proposed amount for the loans under the Facility for eligible expenditures, including consultants, goods, and civil works, incurred prior to effectiveness of each of the loan, but no earlier than 12 months before the signing of the respective loan agreement and project agreement for the loan under the Facility. India and the State have been advised that ADB’s approval of advance contracting and retroactive financing does not constitute a commitment to finance relevant projects under this Facility. Disbursements of each loan proceeds, under the Facility, will be in accordance with ADB’s Loan Disbursement Handbook,(January 2007, as amended from time to time). Each loan under the Facility will have its own imprest account in the Reserve Bank of India. The amount at any given time in the imprest account shall be equivalent to 6 months of estimated expenditures or 10% of the related loan amount, whichever is lower. Individual payments under the statement of expenditures procedures (SOE) will not exceed the equivalent of $100,000. The Investment Program Management Unit (IPMU) will establish an Investment Program Performance Monitoring System (IPPMS) acceptable to ADB within 3 months of the effectiveness of the first loan under the Facility and under each succeeding loans in accordance with the Investment Program and individual project performance indicators including those in the Design and Monitoring Framework (Schedule 2). IPMU will establish baseline data for each of the selected indicators and will conduct annual surveys with the assistance of consultants and update ADB and GoR on the progress against each indicator. The IPMU will also provide ADB with quarterly progress reports on the implementation of each individual subproject within 45 days of the end of each quarter. The progress reports will cover progress made during the period of review; changes to the implementation schedule, if any; problems or difficulties encountered and remedial actions taken; and work to be undertaken and subprojects...
Sample 1
Advance Contracting and Retroactive Financing. Due to the urgency of meeting the targets of the 11th Five-Year Plan and the stimulus package, the Government requested for approval of advance contracting and retroactive financing of up to 20% of the first loan proceeds, for expenditures incurred and paid for but not earlier than 12 months before the date of the loan agreement. This request was approved on 9 September 2009. The Government has been informed that provision of advance contracting and procurement and retroactive financing does not commit ADB to finance the tranches. For subsequent tranches, retroactive financing of otherwise eligible expenditures may be considered and allowed by ADB Management when included in a PFR. Total retroactive financing will not exceed an amount equivalent to 20% of the individual loan and must have been incurred not more that 12 months before the signing of the related legal agreements.
Sample 1
Advance Contracting and Retroactive Financing. All advance contracting will be undertaken in conformity with ADB’s Procurement Policy (2017, as amended from time to time) and the Procurement Regulations for ADB Borrowers (2017, as amended from time to time). The Invitation for Bid, Bidding Documents and relevant clarifications and addendum, and Bid Evaluation Reports under advance contracting will be subject to ADB’s prior review and approval. PRC has been advised that approval of advance contracting does not commit ADB to finance the outputs/subprojects.
Sample 1
Advance Contracting and Retroactive Financing. Contracts may be procured under advance contracting or retroactive financing procedures in accordance with the provisions of paragraph 1.9 of the Guidelines. Part D: Review by the Association of Procurement Decisions
Sample 1
Advance Contracting and Retroactive Financing. The process of identifying and selecting contractors for the provision of goods, works or non- consultant services to implement projects funded under the Compact before the Compact enters into force is referred to as advance contracting. Similarly, payments made under a contract that is signed prior to the Compact entering into force for which MCA-Namibia would seek reimbursement from MCC is known as retroactive financing. MCA-Namibia will not engage in any advance contracting or be entitled to any retroactive financing, without the prior approval of MCC.
Sample 1
Advance Contracting and Retroactive Financing. The following items shall not be eligible expenditures for retroactive financing under this Financing Agreement: (i) free textbooks procured under contract; and
Sample 1
AutoNDA by SimpleDocs

Related to Advance Contracting and Retroactive Financing

  • Compensation Program Amendments Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2). For reference, certain affected Benefit Plans are set forth in Appendix A to this letter. In addition, the Company is required to review its Benefit Plans to ensure that they do not encourage senior executive officers to take unnecessary and excessive risks that threaten the value of the Company. To the extent any such review requires revisions to any Benefit Plan with respect to you, you and the Company agree to negotiate such changes promptly and in good faith.

  • Existing Management and Franchise Agreements Seller has furnished to Buyer true and complete copies of the Existing Management Agreement and the Existing Franchise Agreement, which constitutes the entire agreement of the parties thereto with respect to the subject matter thereof and which have not been amended or supplemented in any respect. There are no other management agreements, franchise agreements, license agreements or similar agreements for the operation or management of the Hotel or relating to the Brand, to which Seller is a party or which are binding upon the Property, except for the Existing Management Agreement and the Existing Franchise Agreement. The Improvements comply with, and the Hotel is being operated in accordance with, all requirements of such Existing Management Agreement and the Existing Franchise Agreement and all other requirements of the Existing Manager and the Franchisor, including all “brand standard” requirements of the Existing Manager and the Franchisor. The Existing Management Agreement and the Existing Franchise Agreement are in full force and effect, and shall remain in full force and effect until the termination of the Existing Management Agreement and the Existing Franchise Agreement at Closing, as provided in Article V hereof. No default has occurred and is continuing under the Existing Management Agreement or the Existing Franchise Agreement, and no circumstances exist which, with the giving of notice, the lapse of time or both, would constitute such a default.

  • Employee Facilities Employee Facilities. Restrooms and attendant facilities shall be provided as required in the orders and regulations of the State of Washington Department of Labor and Industries. A good faith effort will be made by the Employer to provide facilities for employees’ personal belongings.

  • Flexible Working Arrangements In accordance with the Employment Relations Act 2000, an employee affected by family violence may request a short-term (two months or less) variation of their employment arrangements to assist the employee to deal with the effects of family violence.

  • CONDITIONS FOR EMERGENCY/HURRICANE OR DISASTER - TERM CONTRACTS It is hereby made a part of this Invitation for Bids that before, during and after a public emergency, disaster, hurricane, flood, or other acts of God that Orange County shall require a “first priority” basis for goods and services. It is vital and imperative that the majority of citizens are protected from any emergency situation which threatens public health and safety, as determined by the County. Contractor agrees to rent/sell/lease all goods and services to the County or other governmental entities as opposed to a private citizen, on a first priority basis. The County expects to pay contractual prices for all goods or services required during an emergency situation. Contractor shall furnish a twenty-four (24) hour phone number in the event of such an emergency.

  • Predatory Lending Regulations; High Cost Loans None of the Mortgage Loans are classified as (a) “high cost” loans under the Home Ownership and Equity Protection Act of 1994 or (b) “high cost,” “threshold,” “predatory” or “covered” loans or “High Cost Home Loans” under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees);

  • SALARY SACRIFICE ARRANGEMENTS 34.1 Employees covered by this Agreement will have access to salary sacrifice arrangements in addition to the compulsory arrangement detailed above. The requirements of any such arrangements shall ensure that: (a) Accessing a salary sacrifice arrangement is a voluntary decision to be made by the individual Employee. (b) An Employee wishing to enter into a salary sacrifice arrangement will be required to notify their Employer in writing of the intention to do so and have sought expert advice in relation to entering into such an arrangement. (c) The Employer shall meet the cost of implementing the administrative and payroll arrangements necessary for the introduction of salary sacrifice to the Employees under the Agreement. (d) The co-contribution of superannuation payments referred to herein shall be made by way of salary sacrifice arrangements.

  • Verizon OSS Facilities Any gateways, interfaces, databases, facilities, equipment, software, or systems, used by Verizon to provide Verizon OSS Services to ICG.

  • Extended Health Plan An employee who makes an election under this provision must enrol in each and every of the benefit plans and shall not be entitled to except any of them.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!