Common use of Mid-Term Review Clause in Contracts

Mid-Term Review. (a) The Borrower shall carry out, jointly with the Association, on or about the date thirty (30) months after the Effective Date, a comprehensive mid-term review aimed at: (i) documenting progress toward Project objectives; (ii) identifying and resolving obstacles to Project implementation; and (iii) adjusting, in agreement with the Association, targets and corresponding programs to reflect progress achieved in the implementation of the Project as of the date of the review; (b) the Borrower shall, not later than four weeks prior to the review referred to in Paragraph 3 (a) of this Section, furnish to the Association a mid-term report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in Project implementation; and (c) Promptly after completing the mid-term review, the Borrower shall take all measures required to fulfill the recommendations arising out of said review, with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comments thereon.

Appears in 2 contracts

Samples: Development Credit Agreement, Development Credit Agreement

AutoNDA by SimpleDocs

Mid-Term Review. (a) The Borrower shall carry out, jointly with MEBF and the Association, on or about the date thirty (30) months after the Effective Date, a comprehensive mid-term review aimed at: (i) documenting progress toward Project objectives; (ii) identifying and resolving obstacles to Project implementation; and (iii) adjusting, in agreement with the Association, targets and corresponding programs to reflect progress achieved in the implementation of the Project as of the date of the review;. (b) In conjunction with MEBF, the Borrower shall, not later than four weeks prior to the review referred to in Paragraph 3 (a) of this Section, furnish to the Association a mid-term report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in Project implementation; and. (c) Promptly after completing the mid-term review, the Borrower shall take take, and shall cause MEBF to take, all measures required to fulfill the recommendations arising out of said review, with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comments thereon.

Appears in 1 contract

Samples: Development Financing Agreement

Mid-Term Review. (ai) The Borrower shall carry out, jointly with the Association, on or about the date thirty (30) months after the Effective Date, a comprehensive mid-term review aimed at: (iA) documenting progress toward Project objectives; (iiB) identifying and resolving obstacles to Project implementation; and (iiiC) adjusting, in agreement with the Association, targets and corresponding programs to reflect progress achieved in the implementation of the Project as of the date of the review;. (bii) the The Borrower shall, not later than four weeks prior to the review referred to in Paragraph 3 (a) of this Section, furnish to the Association a mid-term report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in Project implementation; and. (ciii) Promptly after completing the mid-term review, the Borrower shall take all measures required to fulfill the recommendations arising out of said review, with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comments thereon.

Appears in 1 contract

Samples: Development Credit Agreement

AutoNDA by SimpleDocs

Mid-Term Review. (a) The Borrower shall carry out, jointly with the Association, on or about the date thirty twenty-four (3024) months after the Effective Date, a comprehensive mid-term review aimed at: (i) documenting progress toward Project objectives; (ii) identifying and resolving obstacles to Project implementation; (iii) identifying and applying lessons learned; and (iiiiv) adjusting, in agreement with the Association, targets and corresponding programs to reflect progress achieved in the implementation of the Project as of the date of the review;. (b) the The Borrower shall, not later than four weeks one month prior to the review referred to in Paragraph 3 (a) of this Section, furnish to the Association a mid-term report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in Project implementation; and. (c) Promptly after completing the mid-term review, the Borrower shall take all measures required to fulfill the recommendations arising out of said review, with due diligence and efficiency and in accordance with appropriate practices, taking into account the Association’s comments thereon.

Appears in 1 contract

Samples: Development Credit Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!