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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month after the end of each semester, interim un-audited financial reports for the Project covering the semester, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Recipient shall prepare and furnish to the Bank Association as part of the Project Report, Report not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Recipient shall prepare and furnish to the Bank Association, as part of the Project Report, not later than one month forty five days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient, commencing with the fiscal year in which the first withdrawal under the Project Preparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each calendar semester, interim un-audited unaudited financial reports for the Project covering the semester, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 2.07 of the General Standard Conditions. 2. The Borrower Recipient shall prepare and furnish to the Bank as part of the Project Report, Administrator not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the BankAdministrator. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (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 BorrowerRecipient. The audited Financial Statements for each such period shall be furnished to the Bank Administrator not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each calendar semester, interim un-audited unaudited financial reports for the Project covering the semester, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 5.08 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five (45) days after the end of each calendar semester, interim un-un- audited financial reports for the Project covering the semester, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 5.08 (bc) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five days after the end of each calendar semester, interim un-audited financial reports for the Project covering the semester, semester in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained ensure that a financial management system is maintained in accordance with the provisions of Section 5.09 2.07 of the General Standard Conditions. 2. The Borrower Recipient shall prepare ensure that interim unaudited financial reports for the Project are prepared and furnish furnished to the Bank as part of the Project Report, not later than one month forty five days after the end of each semestercalendar quarter, interim un-audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the World Bank. 3. The Borrower Recipient shall have its Financial Statements for the Project audited in accordance with the provisions of Section 5.09 2.07 (b) of the General Standard Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient. The audited Financial Statements for each such period shall be furnished to the World Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Bank Association as part of the Project Report, not later than one month after the end of each semester, interim un-audited financial reports for the Project covering the semestertrimester, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient, commencing with the fiscal year in which the first withdrawal under the Project Preparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six (6) months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Bank Association as part of the Project Report, not later than one month after the end of each semester, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the BorrowerRecipient. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Recipient shall prepare and furnish to the Bank as part of the Project Report, Association not later than one (1) month after the end of each semesterPhase of the Program, interim un-audited unaudited financial reports (IUFR) for the Project covering the semesterperiod, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the BorrowerRecipient. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, Report not later than one month forty five days after the end of each calendar semester, interim un-audited financial reports for the Project covering the semester, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Recipient shall prepare and furnish to the Bank as part of the Project Report, Association not later than one month forty five days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semestercalendar quarter, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its the Project’s Financial Statements audited in accordance with the provisions of Section 5.09 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient, commencing with the fiscal year in which the first withdrawal was made under the Preparation Advance for the Project. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Without limitation on the provisions of Part A of this Section, the Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period. The respective Terms of Reference (TOR) for such audits shall be prepared by the Borrower and approved by the Bank.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month 45 days after the end of each semestercalendar quarter, interim un-audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period. 4. The Borrower shall have the enterprise resource planning program installed and functional by December 31, 2007.

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Bank Association as part of the Project Report, not later than one month after the end of each semester, interim un-audited financial reports for the Project covering the semestercalendar quarter, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient, commencing with the fiscal year in which the first withdrawal under the Project Preparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period. Each of PTSMI and the Company shall establish and maintain a financial management system and prepare financial reports and audits in accordance with Section II.B of the Project Agreement.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-un- audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Without limitation on the provisions of Part A of this Section, the Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month after the end of each semester, interim un-audited unaudited financial reports for the Project covering the calendar semester, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower, commencing with the fiscal year in which the first withdrawal under the Project Preparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

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

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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall cause ARS to prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall cause ARS to have its the Project Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month 45 days after the end of each semestercalendar quarter, interim un-audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Bank Association as part of the each Project Report, not later than one month after the end of each semester, interim un-audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerFiscal Year. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six (6) months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements and the Financial Statements for the Project audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 4.09 of the General Conditions. 2. The Borrower Recipient shall prepare and furnish to the Bank as part of the Project Report, Association not later than one month forty five (45) days after the end of each semestercalendar semester (six months), interim un-audited unaudited financial reports for the Project covering the semester, in form and substance satisfactory to the BankAssociation. 3. The Borrower Recipient shall have its the Financial Statements audited in accordance with the provisions of Section 5.09 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the BorrowerRecipient. The audited Financial Statements for each such period shall be furnished to the Bank Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Borrower Borrower, through the FNRR, shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.

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

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period. 4. Each of PTSMI and the Company shall establish and maintain a financial management system and prepare financial reports and audits in accordance with Section II.B of the Project Agreement.

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project Report, Report not later than one month forty-five (45) days after the end of each semestercalendar quarter, interim un-un- audited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end of such period.six

Financial Management, Financial Reports and Audits. 1. The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the General Conditions. 2. The Borrower shall prepare and furnish to the Bank as part of the Project ReportBank, not later than one month forty five (45) days after the end of each semestercalendar quarter, interim un-audited unaudited financial reports for the Project covering the semesterquarter, in form and substance satisfactory to the Bank. 3. The Borrower shall have its Financial Statements audited in accordance with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period.