Common use of Midterm Review Clause in Contracts

Midterm Review. The Borrower shall: (a) carry out jointly with the Bank and NPT, no later than twelve (12) months after the Effective Date, a midterm review to assess the status of NPT’s Respective Part of the Project, as measured against the performance indicators set forth in Section II.A.1 (b) of the Schedule to the Project Agreement. Such review shall include an assessment of the following: (i) overall progress in implementation of such Part of the Project; (ii) results of monitoring and evaluation activities; (iii) progress on the implementation of annual work plans and budgets; (iv) progress on procurement and disbursement; (v) progress on the implementation of safeguards measures; (vi) implementation arrangements; and (vii) the need to make any adjustments to such Part of the Project and reallocate funds to improve performance; (b) cause NPT to prepare and furnish to the Borrower and the Bank, at least three (3) months before such review, a report, in scope and detail satisfactory to the Borrower and the Bank, needed to undertake the review, integrating the results of the monitoring and evaluation activities performed pursuant to paragraph (a) of this Section on the progress achieved in the carrying out of such Part of the Project during the period preceding the date of the said report and setting out the measures recommended to ensure the efficient carrying out of such Part of the Project and the achievement of the objectives of the Project during the period following such date; and (c) review, jointly with the Bank and NPT, the report referred to in subparagraph (b) of this Part B and thereafter cause NPT to take all measures required to ensure the efficient completion of NPT’s Respective Part of the Project and the achievement of the objectives of the Project, based on the conclusions and recommendations of said report and the Borrower and the Bank’s views on the matter.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Midterm Review. The Borrower Recipient shall: (a) carry out jointly with the Bank and NPTAssociation, no later than twelve (12) months after October 31, 2013, or such later date as the Effective DateAssociation may notify to the Recipient, a midterm review to assess the status of NPT’s Respective Part of the Project, as measured against the performance indicators set forth above in Section II.A.1 sub-paragraph (b) of the Schedule to the Project Agreementparagraph A.1. Such review shall include an assessment of the following: : (i) overall progress in implementation of such Part of the Project; (ii) results of monitoring and evaluation activities; (iii) progress on the implementation of annual work plans procurement, disbursement and budgetsfinancial management; (iv) progress on procurement and disbursement; (v) progress on the implementation of the Environmental and Social Management Framework and other safeguards measures; (viv) implementation arrangements; and (viivi) the need to make any adjustments to such Part of the Project and reallocate any reallocation of funds to improve performance; (b) cause NPT the PMU to prepare and furnish to the Borrower and the BankAssociation, at least three (3) months before such review, a report, in scope and detail satisfactory to the Borrower and the BankAssociation, needed to undertake the review, integrating the results of the monitoring and evaluation activities performed pursuant to paragraph (a) of this Section on the progress achieved in the carrying out of such Part of the Project during the period preceding the date of the said report and setting out the measures recommended to ensure the efficient carrying out of such Part of the Project and the achievement of the objectives of the Project during the period following such date; and (c) review, jointly review with the Bank and NPTAssociation, the report referred to in subparagraph (b) of this Part B and thereafter cause NPT the PMU to take all measures required to ensure the efficient completion of NPT’s Respective Part of the Project and the achievement of the objectives of the Projectits objectives, based on the conclusions and recommendations of said report and the Borrower and the BankAssociation’s views on the matter.

Appears in 1 contract

Samples: Financing Agreement

Midterm Review. The Borrower shall: (a) carry out jointly with the Bank and NPTBank, no later than twelve three (123) months years after the Effective Date, a midterm review to assess the status of NPT’s Respective Part of the ProjectProject implementation, as measured against the performance indicators set forth referred to in Section II.A.1 (ba) of the Schedule to the Project Agreementthis Schedule. Such review shall include an assessment of the following: (i) overall progress in implementation of such Part of the ProjectProject implementation; (ii) results of monitoring and evaluation activities; (iii) progress on the implementation of annual work plans and budgets; (iv) progress on procurement and disbursement; (v) progress on the implementation of safeguards measures; (vi) implementation arrangements; and (viivi) the need to make any adjustments to such Part of the Project and reallocate funds to improve performance; (b) cause NPT to prepare and furnish to the Borrower and the Bank, at least three (3) months before such review, a report, in scope and detail satisfactory to the Borrower and the Bank, needed to undertake the review, integrating the results of the monitoring and evaluation activities performed pursuant to paragraph (a) of this Section on the progress achieved in the carrying out of such Part of the Project during the period preceding the date of the said report and setting out the measures recommended to ensure the efficient carrying out of such Part of the Project and the achievement of the objectives of the Project objective thereof during the period following such date; and (c) review, jointly with the Bank and NPTBank, the report referred to in subparagraph paragraph (b) of this Part B Section and thereafter cause NPT to take all measures required to ensure the efficient completion of NPT’s Respective Part of the Project and the achievement of the objectives of the Projectobjective thereof, based on the conclusions and recommendations of said report and the Borrower and the Bank’s views on the matter.

Appears in 1 contract

Samples: Loan Agreement

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Midterm Review. The Borrower Recipient shall: (a) carry out jointly with the Bank and NPTAssociation, no later than twelve (12) months after October 31, 2013, or such later date as the Effective DateAssociation may notify to the Recipient, a midterm review to assess the status of NPT’s Respective Part of the Project, as measured against the performance indicators set forth above in Section II.A.1 sub-paragraph (b) of the Schedule to the Project Agreementparagraph A. 1. Such review shall include an assessment of the following: (i) overall progress in implementation of such Part of the Project; (ii) results of monitoring and evaluation activities; (iii) progress on the implementation of annual work plans procurement, disbursement and budgetsfinancial management; (iv) progress on procurement and disbursement; (v) progress on the implementation of the Environmental and Social Management Framework and other safeguards measures; (viv) implementation arrangements; and (viivi) the need to make any adjustments to such Part of the Project and reallocate any reallocation of funds to improve performance; (b) cause NPT the PMU to prepare and furnish to the Borrower and the BankAssociation, at least three (3) months before such review, a report, in scope and detail satisfactory to the Borrower and the BankAssociation, needed to undertake the review, integrating the results of the monitoring and evaluation activities performed pursuant to paragraph (a) of this Section on the progress achieved in the carrying out of such Part of the Project during the period preceding the date of the said report and setting out the measures recommended to ensure the efficient carrying out of such Part of the Project and the achievement of the objectives of the Project during the period following such date; and (c) review, jointly review with the Bank and NPTAssociation, the report referred to in subparagraph (b) of this Part B and thereafter cause NPT the PMU to take all measures required to ensure the efficient completion of NPT’s Respective Part of the Project and the achievement of the objectives of the Projectits objectives, based on the conclusions and recommendations of said report and the Borrower and the BankAssociation’s views on the matter.

Appears in 1 contract

Samples: Financing Agreement

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