Modifications to the Standard Conditions. The Standard Conditions are modified as follows:
Modifications to the Standard Conditions. The Standard Conditions are modified as follows:
1. The provisions of Section 4.02 (j) of the Standard Conditions are modified to read as follows:
Modifications to the Standard Conditions. The Standard Conditions are modified as follows:
1. Sections 2.01 (Project Execution Generally) and 2.07 (Financial Management; Financial Statements; Audits) are deleted in their entirety, and the remaining Sections in Article II are renumbered accordingly.
2. Paragraph (a) of Section 2.03 (renumbered as such pursuant to paragraph 1 above and relating to Use of Goods, Works and Services) is deleted in its entirety.
3. Paragraph (c) of Section 2.04 (renumbered as such pursuant to paragraph 1 above) is modified to read as follows:
Modifications to the Standard Conditions. The modifications to the Standard Conditions are as follows:
1. A new Section 3.08 is added to Article III and the remaining Sections in Article III are renumbered accordingly:
Modifications to the Standard Conditions. The Standard Conditions are modified as follows:
1. The provisions of Section 2.11 of the Standard Conditions are hereby modified to read as follows: “the payment is for the reasonable cost of Insurance Payouts and Participation Fees, as defined in the Grant Agreement, or services required for the Project, to be financed out of the proceeds of the Grant and procured, all in accordance with the provisions of the Grant Agreement.”
2. The provisions of Section 4.02 (d) are deleted in their entirety.
3. The reference to “Member Country” in the Standard Conditions means the United Kingdom.
Modifications to the Standard Conditions. The modifications to the “Standard Conditions for Grants made by the World Bank acting as an Implementing Agency of the Global Environment Facility” dated March 22, 2006 are as follows: The reference to “Member Country” in Sections 2.09, 3.07, 4.02, 4.03, 4.05, 5.03 means any of the Participating Countries.
Modifications to the Standard Conditions. The Standard Conditions are modified as follows: The provisions of Section 5.03, Arbitration, are deleted in their entirety and replaced by the following:
Modifications to the Standard Conditions. The modifications to the “Standard Conditions for Grants Made by the World Bank Out of Various Funds”, dated July 1, 2008 are as follows:
1. Sections 2.01 (Project Execution Generally), and 2.07 (Financial Management; Financial Statements; Audits) are deleted in their entirety, and the remaining Sections in Article II are renumbered accordingly.
2. Paragraph (a) of Section 2.03 (renumbered as such pursuant to paragraph 1 above and relating to Use of Goods, Works and Services) is deleted in its entirety.
3. Paragraph (c) of Section 2.04 (renumbered as such pursuant to paragraph 1 above) is modified to read as follows:
Modifications to the Standard Conditions. The Standard Conditions are modified as follows:
1. Wherever used throughout the Standard Conditions, the term “the Project” is modified to read “the Program”, the term “the Project Agreement” is modified to read “the Program Agreement”, the term “Project Implementing Entity” is modified to read “the Program Implementing Entity”, the term “Project Report” is modified to read “Program Report”; and the term “Eligible Expenditure” is modified to read “Program Expenditure”.
2. Section 3.03, Special Commitment by the World Bank, is deleted in its entirety, and the subsequent Sections in Article III are renumbered accordingly.
3. In Section 3.03 (originally numbered as Section 3.04), the phrase “or to request the World Bank to enter into a Special Commitment” is deleted.
4. The section originally numbered as Section 3.05, Designated Accounts, is deleted in its entirety, and the subsequent Sections in Article III are renumbered accordingly.
5. Paragraph (a) of Section 3.04 (originally numbered as Section 3.06), Eligible Expenditures (renamed “Program Expenditures” in accordance with paragraph 1 of this Section II), is modified to read: “
(a) the payment is for the reasonable cost of expenditures required for the Program and to be financed out of the proceeds of the Loan in accordance with the provisions of the Legal Agreements;”.
6. Paragraph (a) of Section 3.05 (originally numbered as Section 3.07), Financing Taxes, is modified to read: “
(a) The Loan Agreement may specify that the proceeds of the Loan may not be withdrawn to pay for Taxes levied by, or in the territory of, the Member Country on or in respect of Program Expenditures, or on their importation, manufacture, procurement or supply. In such case, if the amount of any such Taxes decreases or increases, the World Bank may, by notice to the Borrower, exclude such amount or such Tax from the Program Expenditures to be financed out of the proceeds of the Loan specified in the Loan Agreement, as required to ensure consistency with such limitation on withdrawals.”
7. The last sentence of Section 3.05 (originally numbered as Section 3.07), Financing Taxes, is modified to read: “To that end, if the World Bank at any time determines that the amount of any such Tax is excessive, or that such Tax is discriminatory or otherwise unreasonable, the World Bank may, by notice to the Borrower, exclude such amount or such Tax from the Program Expenditures to be financed out of the proceeds of the Loan specified in the Lo...
Modifications to the Standard Conditions. 1. The term “Project” is modified to read “Program”.
