Common use of Financial Management, Financial Reports and Audits Clause in Contracts

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 2.07 of the General Standard Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association World Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationWorld Bank. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b2.07(b) of the General Standard Conditions. Each such audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association World Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A A.1 of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient The Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions provision of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Progress Report not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five one (451) days month after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank, not later than forty-five (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-forty- five (45) days after the end of each calendar quartersemester, interim unaudited un-audited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements along with a Management Letter for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) 45 days after the end of each calendar quarter, the quarter an interim unaudited financial reports report for the Project covering the quarter, quarter in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarterFiscal Year trimester, interim unaudited un- audited financial reports for the Project covering the quarterFiscal Year trimester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year Fiscal Year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) days one month after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 2.07 of the General Standard Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association World Bank as part of the Project Report, not later than forty-five (45) days one month after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationWorld Bank. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b2.07 (b) of the General Standard Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association World Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal was made under the Financing. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports Financial Management Reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its the Financial Statements for the Project audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower, shall prepare and furnish to the Association Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its the Financial Statements of the Project audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its the Project Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Reports not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year Fiscal Year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days one month after the end of each calendar quartersemester, interim unaudited un-audited financial reports for the Project covering the quartersemester, in form and substance satisfactory acceptable to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower, through the PMU, shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) four months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) thirty days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report, not later than forty-five (45) days one month after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain maintain, or cause to be maintained maintained, a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report by not later than forty-five (45) days after the end of March 15 and September 15 in each calendar quarteryear, interim unaudited un-audited financial reports for the Project covering the quartercalendar semester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five days (45) days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report, not later than forty-five (45) days one month after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall cause Shandong to prepare and furnish to the Association not later than forty-five (45) days Bank as part of the Project Report after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five days (45) days after the end of each calendar quartersemester, interim unaudited un-audited financial reports for the Project covering the quarterthis semester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports Interim Unaudited Financial Reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Together with each Project Report furnished under Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five three (453) days months after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association not later than forty-five (45) days after Bank as part of the end of each calendar quarterProject Report, interim unaudited un-audited financial reports for the Project covering the quartersix (6) months period of each Project Report, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not Association, no later than forty-five (45) days one month after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient The Borrower shall prepare and furnish to the Association Bank not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements and those of the irrigation institutions financed under the Project audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report, not later than forty-five one (451) days month after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Recipient, through MAGFOR, shall prepare and furnish to the Association not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient Recipient, through MAGFOR, shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after as part of the end of each calendar quarter, Project Report interim unaudited financial reports for the Project covering the quartersemester covered by the Project Report, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) four months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A A.1 of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-five (45) 45 days after the end of each calendar quartersix months, interim unaudited un-audited financial reports for the Project covering the quartersix months, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) 45 days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association Association, in form and substance satisfactory to the Association, and not later than forty-five (45) days after the end of each calendar quartersix months, interim unaudited un-audited financial reports for each of the respective Parts of the Project covering the quarter, in form and substance satisfactory to the Associationperiod. 3. The Recipient shall have its the Financial Statements for the Project audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty-five (45) days after as part of the end of each calendar quarterProject Report, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientProject Implementing Entity. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association Association, as part of the Project Report, not later than forty-five (45) days one month after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Progress Report not later than forty-five sixty (4560) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five thirty (4530) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipientcalendar semester. The audited Financial Statements for each such period shall be furnished to the Association not later than six three (63) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five fifteen (4515) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the XXX General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the XXX General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) sixty days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFY. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) four months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A A.1 of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-five (45) 45 days after the end of each calendar quarterevery six months, interim unaudited un-audited financial reports for the Project covering the quartersix months, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements for the Project audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the such Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Project Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarterAssociation, in form and substance satisfactory to the Association, and not later than sixty (60) days after the end of each quarter, interim un-audited financial reports for each of the respective Parts of the Project covering the period. 3. The Recipient shall have its the Financial Statements for the Project audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) nine months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 2.07 of the General Standard Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports an Interim Unaudited Financial Report for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b2.07 (b) of the General Standard Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year Fiscal Year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited un-audited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall shall, through HAPCO, prepare and furnish to the Association not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association Association, as part of the Project Report, not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quartersemester, interim unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare and furnish to the Association Bank as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) four months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-forty five days (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association Association, as part of the Project Report, not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited financial reports report for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationAssociation and shall be furnished to the Association not later than one (1) month after the end of the period covered by such report. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-forty five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited and those of the Delegated Contract Manager in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar fiscal quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association as part of the Project Report not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period. 4. By or before March 31, 2008, the TRRC shall appoint an independent auditor under terms of reference acceptable to the Association

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after as part of the end of each calendar quarterProject Report, interim unaudited un- audited financial reports for the Project covering the quartersemester covered by the Project Report, in form and substance satisfactory to the Association. 3. The Recipient shall have its the Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) four months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five one (451) days month after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall Borrower shall, through the PCU, prepare and furnish to the Association Bank not later than forty-five (45) days one month after the end of each calendar quartersix month period during Project implementation, interim unaudited financial reports for the Project covering the quartersix month period, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the RecipientFiscal Year. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) four months after the end of such periodperiod (April 30 of each Fiscal Year).

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association Association, not later than forty-five (45) 45 days after the end of each calendar quarter, interim unaudited un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.