Common use of Implementation of the Project Clause in Contracts

Implementation of the Project. ‌ 7.1. The Project Participants shall observe the Milestones and perform the tasks described in the Project Plan.‌ 7.2. The Project Participants shall perform their respective Project tasks with a view to the Project contributing to promoting the objectives on the basis of which IFD has made the investment, see the Act referred to in Clause 2.1.7, and which are reflected in the Investment Criteria. 7.3. If IFD and the Project Partners, either in connection with Investment Review(s), see Clause 6.2, or otherwise, agree that it is appropriate to amend the Milestones, Investment Period, Budget or the tasks described in the Project Plan, the Project Partners shall, via the Steering Committee, prepare an amended Budget and/or a revised Project Plan describing the new Investement Period or the new Milestones and tasks. The revised Project Plan and/or amended Budget shall be subject to approval by IFD. The Project Participants shall observe the Milestones and perform the tasks described in the Project Plan applying at any time.‌ 7.4. The Project Participants shall contribute the required materials, staff, facilities, equipment, etc. to the Project as described in the Project Plan, however, see Clause 4.

Implementation of the Project. ‌ 7.1. The Project Participants shall must observe the Milestones and perform the tasks described in the Project Plan.‌Plan. 7.2. The Project Participants shall perform their respective Project project tasks with a view to the Project contributing to promoting the objectives on the basis of which IFD has made the investment, see the Act referred to in Clause 2.1.72.1.10, and which are reflected in the Investment Criteria. 7.3. If IFD and the Project Partners, either in connection with Investment Review(s), see Clause 6.2, or otherwise, see Clause 6.1.4, agree that it is appropriate to amend the Milestones, Investment Period, Budget or the tasks described in the Project Plan, the Project Partners shall, via the Steering Committee, prepare an amended Budget and/or a revised Project Plan describing the new Investement investment Period or the new Milestones and tasks. The revised Project Plan and/or amended Budget shall be submitted to IFD in writing and is subject to approval by IFD. The Project Participants shall observe the Milestones and perform the tasks described in the Project Plan applying at any time.‌time. 7.4. The Project Participants shall contribute the required materials, staff, facilities, equipment, etc. to the Project as described in the Project Plan, however, see Clause 4.