Annual Work Plans and Budgets. 1. The Recipient shall prepare and furnish to the Association, not later than May 15 of each year during the implementation of the Project (or such later interval or date as the Association may agree), an Annual Work Plan and Budget containing all eligible Project activities and expenditures proposed to be included in the Project for the following fiscal year of the Recipient, including a specification of the source or sources of financing for all eligible expenditures, and measures and actions taken or planned to be taken in accordance with the provisions of Section I. F of this Schedule 2. 2. The Recipient shall ensure that the Project is implemented in accordance with the Annual Work Plans and Budgets approved by the Association for the respective fiscal year; provided, however, that in case of any conflict between the Annual Work Plans and Budgets and the provisions of this Agreement, the provisions of this Agreement shall prevail. 3. The Recipient shall not make or allow to be made any change to the Annual Work Plans and Budgets unless the Association has provided its prior no-objection thereof in writing.
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Samples: Financing Agreement
Annual Work Plans and Budgets. 1. The Recipient During the implementation of the Project, the Recipient, shall prepare and furnish to the Regional Project Steering Committee for approval and thereafter to the Association, not no later than May 15 of each year during the implementation of the Project November 30, (or such later interval or other date as the Association may agree)) of each year, for the Association’s approval, an Annual Work Plan annual work plan and Budget budget containing all eligible Project activities and expenditures proposed to be included in the Project for the Recipient’s following fiscal year of year, together with a proposed budget and the Recipient, including a specification of the source or sources of financing for all eligible expenditures, environmental and social safeguard measures and actions taken or planned to be taken in accordance with the provisions of Section
I. F Section I.C of this Schedule 2Schedule.
2. The Recipient shall ensure that the Project is implemented in accordance with the Annual Work Plans and Budgets approved by the Association for the Recipient’s respective fiscal year; year (provided, however, that in case of any conflict between the Annual Work Plans and Budgets and the provisions of this Agreement, the provisions of this Agreement shall prevail.
3. The Recipient ) and, except as the Association shall otherwise agree in writing, shall not make or allow to be made any change to the Annual Work Plans and Budgets unless the Association has provided its prior no-objection thereof in writingBudgets.
Appears in 1 contract
Samples: Financing Agreement
Annual Work Plans and Budgets. 1. The Recipient shall prepare and furnish to the Association, Association not later than May 15 November 30 of each year during the implementation of the Project (or such later interval or date as the Association may agree)) for the Association’s no-objection, an a consolidated Annual Work Plan and Budget containing all eligible Project activities and expenditures Eligible Expenditures, proposed to be included in the Project for in the Recipient’s following fiscal year of the Recipientyear, including a specification of the source or sources of financing for all eligible expendituresEligible Expenditures, and environmental and social safeguard measures and actions taken or planned to be taken in accordance with the provisions of Section
I. F Section I.D of this Schedule 2Schedule.
2. The Recipient shall ensure that implement the Project is implemented in accordance with the Annual Work Plans Plan and Budgets approved Budget accepted by the Association for the Recipient’s respective fiscal year; provided, however, that in case the event of any conflict between the Annual Work Plans Plan and Budgets Budget and the provisions of this Agreement, the provisions of this Agreement shall prevail.
3. The Recipient shall not make or allow to be made any change to the Annual Work Plans Plan and Budgets unless the Association has provided its Budget without prior no-objection thereof in writing.
Appears in 1 contract
Samples: Financing Agreement
Annual Work Plans and Budgets. 1. The Recipient shall prepare and furnish to the Association, not later than May 15 November 30 of each year during the implementation of the Project (or such later interval or date as the Association may agree), an Annual Work Plan and Budget containing all eligible Project activities and expenditures proposed to be included in the Project for the following fiscal year of the Recipient, including a specification of the source or sources of financing for all eligible expenditures, and environmental and social safeguard measures and actions taken or planned to be taken in accordance with the provisions of Section
I. F Section I.E of this Schedule 2.
2. The Recipient shall ensure that the Project is implemented in accordance with the Annual Work Plans and Budgets approved by the Association for the respective fiscal year; provided, however, that in case of any conflict between the Annual Work Plans and Budgets and the provisions of this Agreement, the provisions of this Agreement shall prevail.
3. The Recipient shall not make or allow any changes to be made any change to the Annual Work Plans and Budgets unless without prior written approval by the Association has provided its prior no-objection thereof in writingAssociation.
Appears in 1 contract
Samples: Financing Agreement
Annual Work Plans and Budgets. 1. The Recipient shall prepare and furnish to the Association, by not later than May 15 September 1 of each year during the implementation of the Project (or such later interval or date as the Association may agree), for the Association’s review and approval, an Annual Work Plan and Budget containing Budget, which shall, inter alia: (a) list all eligible Project activities (including Operating Costs and expenditures Training and Workshops) proposed to be included in the Project for the Recipient’s following fiscal year of year; (b) provide a budget for their financing; and (c) describe the Recipient, including a specification of the source or sources of financing for all eligible expenditures, and measures and actions taken or planned to be taken in accordance with the provisions of Section
I. F Section I.D of this Schedule 2.
2. The Recipient shall ensure that the Project is implemented in accordance with the Annual Work Plans and Budgets approved by the Association for the respective fiscal year; provided, however, that in case of any conflict between the Annual Work Plans and Budgets and the provisions of this Agreement, the provisions of this Agreement shall prevail.
3. The Recipient shall not make or allow to be made any change to the Annual Work Plans and Budgets unless may be revised, as needed, during the Association has provided its implementation of the Project subject to the Association’s prior no-objection thereof in writingwritten approval.
Appears in 1 contract
Samples: Financing Agreement