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Common use of Midterm Review Clause in Contracts

Midterm Review. (a) The Recipient shall carry out, jointly with the Association, not later than December 31, 2005, a comprehensive midterm review aimed at: (i) documenting progress toward achieving the Project objectives; (ii) identifying and resolving obstacles to Project implementation; (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; and (iv) an overall evaluation of the Project against the agreed Project Performance Indicators as reflected under paragraph 4 a) of this Schedule. (b) The Recipient shall not later than four weeks prior to the midterm review referred to in paragraph 5 (a) above, furnish to the Association a midterm report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in the Project implementation. (c) Promptly after completing the midterm review, the Recipient shall take all measures required to fulfill the recommendations arising out of said review for the efficient completion of the Project and the achievement of the objectives thereof, 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 Grant Agreement, Development Grant Agreement

Midterm Review. (a) 1. The Recipient Borrower shall carry out, jointly with the Association, not later than December 31June 30, 2005, 2006 a comprehensive midterm review aimed at: (i) documenting progress toward achieving the Project objectives; (ii) identifying and resolving obstacles to Project implementation; (iii) adjusting, in agreement with the Association, targets and corresponding programs programs, to reflect progress achieved (including in respect of training activities) in the implementation of the Project as of the date of the review; and (iv) an overall evaluation of the Project against the agreed Project Performance Indicators as reflected under paragraph 4 a) of indicators set forth in Schedule 5 to this ScheduleAgreement. (b) 2. The Recipient shall Borrower shall, not later than four weeks prior to the midterm review referred to in paragraph 5 (a) C.1 above, furnish to the Association a midterm report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in the Project implementation. (c) 3. Promptly after completing the midterm review, the Recipient Borrower shall take take, or cause to be taken, all measures required to fulfill the recommendations arising out of said review for the efficient completion of the Project and the achievement of the objectives thereof, 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

Midterm Review. (a) 1. The Recipient Borrower shall carry out, jointly with the Association, not later than December 31, 2005, 30 months after the date of effectiveness of this Agreement a comprehensive midterm review aimed at: (ia) documenting progress toward achieving the Project objectives; (iib) identifying and resolving obstacles to Project implementation; (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; and (ivd) an overall evaluation of the Project against the agreed Project Performance Indicators as reflected under paragraph 4 a) of indicators set forth in Schedule 5 to this ScheduleAgreement. (b) 2. The Recipient Borrower shall not later than four weeks prior to the midterm review referred to in paragraph 5 (a) E.1 above, furnish to the Association a midterm report, in such detail as the Association shall reasonably request, including an evaluation of the progress achieved in the Project implementation. (c) 3. Promptly after completing the midterm review, the Recipient Borrower shall take all measures required to fulfill the recommendations arising out of said review for the efficient completion of the Project and the achievement of the objectives thereof, 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