Common use of Annual Work Plans and Budgets Clause in Contracts

Annual Work Plans and Budgets. The Recipient shall: (a) ensure that, in the first Fiscal Year of Project implementation, the Project is carried out in accordance with the annual work plan and budget for said Fiscal Year; (b) prepare and furnish for approval to the Association, no later than November 30 of each year commencing with the first Fiscal Year of Project implementation, an annual work plan and budget for each subsequent Fiscal Year of Project implementation, of such scope and detail as the Association shall have reasonably requested; and (c) thereafter ensure that the Project is carried out in accordance with such plan and budget as approved by the Association.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

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Annual Work Plans and Budgets. The Recipient shall: (a) ensure thatfurnish to the Association for approval as soon as available, but in the first Fiscal Year any case not later than October 31 of Project implementationeach year, the Project is carried out in accordance with the annual work plan and budget for said Fiscal Year; (b) prepare and furnish for approval to the Association, no later than November 30 of each year commencing with the first Fiscal Year of Project implementation, an annual work plan and budget for each subsequent Fiscal Year year of Project implementation, of such scope and detail as the Association shall have reasonably requested, 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 one (1) month after the Effective Date; and (cb) thereafter ensure that the Project is carried out in accordance with such plan plans and budget budgets as approved by the Association.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

Annual Work Plans and Budgets. The Recipient shall: (a) ensure thatfurnish to the Association for approval, in the first Fiscal Year of Project implementationas soon as practicable, the Project is carried out in accordance with the annual work plan and budget for said Fiscal Year; (b) prepare and furnish the Project for approval to the Association, no later than November 30 of each year commencing with the first Fiscal Year of Project implementation, an annual work plan and budget for each subsequent First Fiscal Year of Project implementation, of such scope and detail as the Association shall have reasonably requested, and thereafter no later than March 31 of each year, such work plan and budget for the Project for each subsequent Fiscal Year of Project implementation; and (cb) thereafter ensure that the Project is carried out in accordance with such plan and budget as approved by the Associationbudget.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

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Annual Work Plans and Budgets. The Recipient shall: (a) ensure thatfurnish to the Association for approval, in the first Fiscal Year of Project implementationas soon as practicable, the Project is carried out in accordance with the annual work plan and budget for said the Project for the First Fiscal Year; (b) prepare and furnish for approval to the Association, no later than November 30 of each year commencing with the first Fiscal Year of Project implementation, an annual work plan and budget for each subsequent Fiscal Year of Project implementation, of such scope and detail as the Association shall have reasonably requested, and thereafter no later than November 30 of each year, such work plan and budget for the Project for each subsequent Fiscal Year of Project implementation; and (cb) thereafter ensure that the Project is carried out in accordance with such plan and budget as approved by the Associationbudget.

Appears in 1 contract

Samples: Financing Agreement

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