Misprocurement Sample Clauses

Misprocurement. 17. If the procurement of Goods, Works, or Consulting Services, is not conducted in accordance with this Loan Agreement, or the Procurement Guidelines or Consulting Guidelines, respectively, ADB shall declare Misprocurement, and:
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Misprocurement. The Association does not finance expenditures for goods, works and services which have not been procured in accordance with the agreed provisions in this Financing Agreement and in accordance with paragraph 122 of Chapter IX of the Manual on Financial Management and Procurement. In such cases, the Association will declare misprocurement, and it is the policy of the Association to cancel that portion of the Financing allocated to the goods, works and services that have been so misprocured.
Sample 1
Misprocurement. If a case of misprocurement occurs, as a result of deviation from agreed procurement procedures as set forth in this MOU and the WSDP Implementation Manual, each Development Partner may take action in accordance with its own internal procedures and may decide, after consultation with other Development Partners, whether to cancel from its respective financing the contract amount in the case of the EarmarkingEarmarked Funding Partners, and an amount equivalent to the contract amount multiplied by its percentage participation in the Basket Fund in the case of the Pooled Funding Partners.
Sample 1

Related to Misprocurement

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

  • PROCUREMENT CARD The State has entered into an agreement for purchasing card services. The Purchasing Card enables Authorized Users to make authorized purchases directly from a Contractor without processing Purchase Orders or Purchase Authorizations. Purchasing Cards are issued to selected employees authorized to purchase for the Authorized User and having direct contact with Contractors. Cardholders can make purchases directly from any Contractor that accepts the Purchasing Card. The Contractor shall not process a transaction for payment through the credit card clearinghouse until the purchased Products have been shipped or services performed. Unless the cardholder requests correction or replacement of a defective or faulty Product in accordance with other Contract requirements, the Contractor shall immediately credit a cardholder’s account for Products returned as defective or faulty.

  • Equipment Procurement If responsibility for construction of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades is to be borne by the Connecting Transmission Owner, then the Connecting Transmission Owner shall commence design of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades and procure necessary equipment as soon as practicable after all of the following conditions are satisfied, unless the Developer and Connecting Transmission Owner otherwise agree in writing:

  • Public Procurement 1. The Parties consider the liberalization of their respective public procurement markets as an objective of this Agreement.

  • Other Methods of Procurement of Goods The following table specifies the methods of procurement, other than International Competitive Bidding, which may be used for goods. The Procurement Plan shall specify the circumstances under which such methods may be used: Procurement Method

  • Failure to Procure Insurance Failure on the part of Provider, or any of its subcontractors, to procure or maintain required insurance shall constitute a material breach of contract under which the District may immediately terminate this Agreement.

  • Procurement of Goods Part A: General Goods shall be procured in accordance with the provisions of Section I of the “Guidelines for Procurement under IBRD Loans and XXX Credits” published by the Bank in January 1995 and revised in January and August 1996, September 1997 and January 1999 (the Guidelines) and the following provisions of Section I of this Schedule. Part B: International Competitive Bidding

  • Procurement of Goods and Services (a) If the HSP is subject to the procurement provisions of the BPSAA, the HSP will abide by all directives and guidelines issued by the Management Board of Cabinet that are applicable to the HSP pursuant to the BPSAA.

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