Common use of Midterm Review Clause in Contracts

Midterm Review. (a) On or about twenty four months after the Effective Date, the Borrower shall carry out jointly with the Association, SC, NCU, the PPUs , a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (i) progress made in meeting the Project’s objective; and (ii) overall Project performance against Project performance indicators. (b) The Borrower shall cause NCU to prepare and, at least four weeks prior to the Midterm Review, furnish to the Association a separate report describing the status of implementation of each component of the Project and a summary report of Project implementation generally. (c) The Borrower shall, not later than four weeks after the Midterm Review, prepare and submit to the Association an action program, acceptable to the Association, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association shall provide its comments on said report within 15 days from its presentation to the Borrower.

Appears in 1 contract

Samples: Development Credit Agreement

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Midterm Review. (a) On or about About twenty four (24) months after the Effective Date, the Borrower Borrower, through ANCPI and MADR, shall carry out jointly with the Association, SC, NCU, the PPUs Bank, a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (i) progress made in meeting the Project’s objective; and (ii) overall Project performance against Project performance indicators. (b) The Borrower Borrower, through ANCPI and MADR shall cause NCU to prepare andprepare, and at least four (4) weeks prior to the Midterm Review, furnish to the Association Bank, a separate report describing the status of the implementation of each component of the Project and a summary report of the Project implementation generally. (c) The Borrower Borrower, through ANCPI and MADR, shall, not later than four (4) weeks after the Midterm Review, prepare and submit to the Association Bank an action program, acceptable to the AssociationBank, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association shall provide its comments on said report within 15 days from its presentation to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Midterm Review. (a) On or about twenty four thirty months after the Effective Date, the Borrower shall carry out jointly with the Association, SC, NCU, the PPUs , Association and DGI a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (i) progress made in meeting the Project’s objectiveobjectives; (ii) performance of the FER; and (iiiii) overall Project performance against Project performance indicators. (b) The Borrower shall cause NCU DGI to prepare andprepare, and at least four weeks prior to the Midterm Review, furnish to the Association Association, a separate report describing the status of implementation of each component of the Project and a summary report of Project implementation generally. (c) The Borrower shall, not later than four two weeks after the Midterm Review, cause DGI to prepare and submit to the Association an action program, acceptable to the Association, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association shall provide its comments on said report within 15 days from its presentation to the Borrower.

Appears in 1 contract

Samples: Development Credit Agreement

Midterm Review. (a) On or about twenty (24) four months after the Effective Date, the Borrower shall carry out jointly with the Association, SC, NCU, the PPUs CEB and SBEE, a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (i) progress made in meeting the Project’s objectiveobjectives; and (ii) overall Project performance against Project performance indicators. (b) The Borrower shall cause NCU to prepare jointly with CEB and SBEE and, at least four weeks prior to the Midterm Review, furnish to the Association a separate report describing the status of implementation of each component of the Project and a summary report of Project implementation generally. (c) The Borrower shall, not later than four weeks after the Midterm Review, prepare jointly with CEB and SBEE and submit to the Association an action program, acceptable to the Association, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association shall provide its comments on said report within 15 days from its presentation to the Borrower.

Appears in 1 contract

Samples: Development Credit Agreement

Midterm Review. (a) On or about twenty four About eighteen (18) months after the Effective Date, the Borrower Borrower, through MOF and CTA, shall carry out out, jointly with the Association, SC, NCU, the PPUs Bank, a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (i) progress made in meeting the Project’s objective; and (ii) overall Project performance against Project performance indicators. (b) The Borrower shall cause NCU to prepare andBorrower, through CTA, shall, prepare, and at least four (4) weeks prior to the Midterm Review, furnish to the Association Bank, a separate report describing the status of implementation of each component of the Project and a summary report of Project implementation generally. (c) The Borrower Borrower, through CTA, shall, not later than four (4) weeks after the Midterm Review, prepare and submit to the Association Bank an action program, acceptable to the AssociationBank, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association shall provide its comments on said report within 15 days from its presentation to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

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Midterm Review. 1. Not later than thirty (a30) On or about twenty four months after the Effective DateEffectiveness Deadline, the Borrower Borrower, through the MESD, shall carry out jointly with the Association, SC, NCU, the PPUs Bank, a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (ia) progress made in meeting the Project’s objectiveobjectives; and (iib) overall Project performance against Project performance indicators. (b) 2. The Borrower Borrower, through the MESD, shall cause NCU to prepare andprepare, and at least four (4) weeks prior to the Midterm Review, furnish to the Association Bank, a separate report describing the status of implementation of each component of the Project and a summary report of Project implementation generally. (c) 3. The Borrower Borrower, through the MESD, shall, not later than four two (2) weeks after the Midterm Review, prepare and submit to the Association Bank an action program, acceptable to the AssociationBank, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association shall provide its comments on said report within 15 days from its presentation to the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Midterm Review. (a) On or about twenty four months after the Effective Date, the Borrower Recipient shall carry out jointly with the AssociationBank, SC, NCU, the PPUs , a midterm review of the progress made in carrying out the Project (hereinafter referred to as the Midterm Review). The Midterm Review shall cover, amongst other things: (i) progress made in meeting the Project’s objective; and (ii) overall Project performance against Project performance indicators. (b) The Borrower Recipient shall cause NCU to prepare and, at least four weeks prior to the Midterm Review, furnish to the Association Bank a separate report describing the status of implementation of each component of the Project and a summary report of Project implementation generally. (c) The Borrower Recipient shall, not later than four weeks after the Midterm Review, prepare and submit to the Association Bank an action program, acceptable to the AssociationBank, for the further implementation of the Project having regard to the findings of the Midterm Review and, thereafter, implement such action program. The Association Bank shall provide its comments on said report within 15 days from its presentation to the BorrowerRecipient. 1. For the purposes of this Schedule:

Appears in 1 contract

Samples: Trust Fund Grant Agreement

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