Execution of Part A of the Project. (a) The Federation declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Development Credit Agreement, and, to this end, shall, carry out Part A of the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, technical and environmental practices, and shall provide, or cause to be provided, promptly as needed, the funds, facilities, services and other resources required for said Part A of the Project. (b) Without limitation upon the provisions of paragraph (a) of this Section and except as the Association and the Federation shall otherwise agree, the Federation shall carry out Part A of the Project in accordance with the Implementation Program set forth in Schedule 1 to this Agreement. Section 2.02. Except as the Association shall otherwise agree, procurement of the goods and consultants’ services required for Part A of the Project and to be financed out of the proceeds of the Credit shall be governed by the provisions of Schedule 2 to this Agreement. (a) The Federation shall carry out the obligations set forth in Sections 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition) in respect of Part A of the Project. (b) For the purposes of Section 9.06 of the General Conditions and without limitation thereto, the Federation shall: (i) prepare, on the basis of guidelines acceptable to the Association and furnish to the Association not later than six (6) months after the Closing Date or such later date as may be agreed for this purpose between the Association and the Federation, a plan for the future operation of Part A of the Project; (ii) afford the Association a reasonable opportunity to exchange views with the Federation on said plan; and (iii) thereafter, carry out said plan with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comment thereon. Section 2.04. The Federation shall exercise its rights under the Federation Subsidiary Credit Agreement in such manner as to protect the interests of the Federation and the Association and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Federation Subsidiary Credit Agreement or any provision thereof. (a) The Federation shall, at the request of the Association, exchange views with the Association with regard to the progress of Part A of the Project, the performance of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement and other matters relating to the purposes of the Credit. (b) The Federation shall promptly inform the Association of any condition which interferes or threatens to interfere with the progress of the Project, the accomplishment of the purposes of the Credit, or the performance by the Federation of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement.
Appears in 1 contract
Samples: Project Agreement
Execution of Part A of the Project. (a) The Federation declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Development Credit Agreement, and, to this end, shall, shall cause the Federation LDF to carry out Part A of the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, banking, environmental and technical and environmental practices, ; and shall provide, or cause to be provided, promptly as needed, the funds, facilities, services and other resources required for said Part A of the Project.
(b) Without limitation upon the provisions of paragraph (a) of this Section and except as the Association and the Federation shall otherwise agree, the Federation shall cause the Federation LDF to carry out Part A of the Project in accordance with the Implementation Program set forth in Schedule 1 to this Agreement.
Section 2.02. Except as the Association shall otherwise agree, procurement of the goods goods, works and consultants’ services required for Part A of the Project and to be financed out of the proceeds of the Credit shall be governed by the provisions of Schedule 2 to this Agreement.
Section 2.03. The Federation shall exercise its rights under the Federation Subsidiary Financing and Project Implementation Agreement in such manner as to protect the interests of the Federation, the Association and the Federation LDF and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Federation Subsidiary Financing and Project Implementation Agreement or any provision thereof.
(a) The Federation shall and shall cause the Federation LDF, at the request of the Association, to exchange views with the Association with regard to the progress of Part A of the Project, the performance of its obligations under this Agreement and under the Subsidiary Financing and Project Implementation Agreement, and other matters relating to the purposes of the Credit.
(b) The Federation shall and shall cause the Federation LDF to promptly inform the Association of any condition which interferes or threatens to interfere with the progress of the Project, the accomplishment of the purposes of the Credit, or the performance by the Federation of its obligations under this Agreement and under the Subsidiary Financing and Project Implementation Agreement.
(a) The Federation shall cause the Federation LDF to carry out the obligations set forth in Sections 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition) in respect of Part A of the Project.
(b) For the purposes of Section 9.06 9.07 of the General Conditions and without limitation thereto, the Federation LDF shall:
(i) prepare, on the basis of guidelines acceptable to the Association Association, and furnish to the Association not later than six (6) months after the Closing Date or such later date as may be agreed for this purpose between the Association Association, the Federation and the Federation, Federation LDF a plan for the future operation of Part A of the Project;
(ii) afford the Association a reasonable opportunity to exchange views with the Federation and the Federation LDF on said plan; and
(iii) thereafter, carry out said plan with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comment comments thereon.
Section 2.04. The Federation shall exercise its rights under the Federation Subsidiary Credit Agreement in such manner as to protect the interests of the Federation and the Association and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Federation Subsidiary Credit Agreement or any provision thereof.
(a) The Federation shall, at the request of the Association, exchange views with the Association with regard to the progress of Part A of the Project, the performance of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement and other matters relating to the purposes of the Credit.
(b) The Federation shall promptly inform the Association of any condition which interferes or threatens to interfere with the progress of the Project, the accomplishment of the purposes of the Credit, or the performance by the Federation of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement.
Appears in 1 contract
Samples: Project Agreement
Execution of Part A of the Project. (a) The Federation declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Development Credit Agreement, and, to this end, shall, shall cause the FSD to carry out Part A of the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, banking, environmental and technical and environmental practices, and shall provide, or cause to be provided, promptly as needed, the funds, facilities, services and other resources required for said Part A of the Project.
(b) Without limitation upon the provisions of paragraph (a) of this Section and except as the Association and the Federation shall otherwise agree, the Federation shall cause the FSD to carry out Part A of the Project in accordance with the Implementation Program set forth in Schedule 1 to this Agreement.
Section 2.02. Except as the Association shall otherwise agree, procurement of the goods and consultants’ services required for Part A of the Project and to be financed out of the proceeds of the Credit shall be governed by the provisions of Schedule 2 to this Agreement.
Section 2.03. The Federation shall exercise its rights under the Federation Subsidiary Financing and Project Implementation Agreement in such manner as to protect the interests of the Federation, the Association and the FSD and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Federation Subsidiary Financing and Project Implementation Agreement or any provision thereof.
(a) The Federation shall and shall cause the FSD, at the request of the Association, to exchange views with the Association with regard to the progress of Part A of the Project, the performance of its obligations under this Agreement and under the Subsidiary Financing and Project Implementation Agreement, and other matters relating to the purposes of the Credit.
(b) The Federation shall and shall cause the FSD to promptly inform the Association of any condition which interferes or threatens to interfere with the progress of the Project, the accomplishment of the purposes of the Credit, or the performance by the Federation of its obligations under this Agreement and under the Subsidiary Financing and Project Implementation Agreement.
(a) The Federation shall cause the FSD to carry out the obligations set forth in Sections 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition) in respect of Part A of the Project.
(b) For the purposes of Section 9.06 9.07 of the General Conditions and without limitation thereto, the Federation FSD shall:
(i) prepare, on the basis of guidelines acceptable to the Association Association, and furnish to the Association not later than six (6) months after the Closing Date or such later date as may be agreed for this purpose between the Association Association, the Federation and the Federation, FSD a plan for the future operation of Part A of the Project;
(ii) afford the Association a reasonable opportunity to exchange views with the Federation and the FSD on said plan; and
(iii) thereafter, carry out said plan with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comment comments thereon.
Section 2.04. The Federation shall exercise its rights under the Federation Subsidiary Credit Agreement in such manner as to protect the interests of the Federation and the Association and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Federation Subsidiary Credit Agreement or any provision thereof.
(a) The Federation shall, at the request of the Association, exchange views with the Association with regard to the progress of Part A of the Project, the performance of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement and other matters relating to the purposes of the Credit.
(b) The Federation shall promptly inform the Association of any condition which interferes or threatens to interfere with the progress of the Project, the accomplishment of the purposes of the Credit, or the performance by the Federation of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement.
Appears in 1 contract
Samples: Project Agreement
Execution of Part A of the Project. (a) The Federation declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Development Credit Agreement, and, to this end, shall, carry out Part A of the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, technical and environmental practices, and shall provide, or cause to be provided, promptly as needed, the funds, facilities, services and other resources required for said Part A of the Project.
(b) Without limitation upon the provisions of paragraph (a) of this Section and except as the Association and the Federation shall otherwise agree, the Federation shall carry out Part A of the Project in accordance with the Implementation Program set forth in Schedule 1 to this Agreement.
Section 2.02. Except as the Association shall otherwise agree, procurement of the goods goods, works and consultants’ services required for Part A of the Project and to be financed out of the proceeds of the Credit shall be governed by the provisions of Schedule 2 to this Agreement.
(a) The Federation shall carry out the obligations set forth in Sections 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition) in respect of Part A of the Project.
(b) For the purposes of Section 9.06 of the General Conditions and without limitation thereto, the Federation shall:
(i) prepare, on the basis of guidelines acceptable to the Association and furnish to the Association not later than six (6) months after the Closing Date or such later date as may be agreed for this purpose between the Association and the Federation, a plan for the future operation of Part A of the Project;
(ii) afford the Association a reasonable opportunity to exchange views with the Federation on said plan; and
(iii) thereafter, carry out said plan with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comment thereon.
Section 2.04. The Federation shall exercise its rights under the Federation Subsidiary Credit Agreement in such manner as to protect the interests of the Federation and the Association and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Federation Subsidiary Credit Agreement or any provision thereof.
(a) The Federation shall, at the request of the Association, exchange views with the Association with regard to the progress of Part A of the Project, the performance of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement and other matters relating to the purposes of the Credit.
(b) The Federation shall promptly inform the Association of any condition which interferes or threatens to interfere with the progress of the Project, the accomplishment of the purposes of the Credit, or the performance by the Federation of its obligations under this Agreement and under the Federation Subsidiary Credit Agreement.
Appears in 1 contract
Samples: Project Agreement