Common use of Particular Covenants Clause in Contracts

Particular Covenants. (a) MOUD and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 10 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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Particular Covenants. (a) MOUD MORD and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban rural road development and maintenance practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the State. Section 2.02. MOUD MORD and the State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, MORD and the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MORD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. Section 2.05. (a) MOUD MORD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 5 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Particular Covenants. (a) MOUD MORD and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the Stateit. Section 2.02. MOUD MORD and the State shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB and the Borrower may otherwise agree, MORD and the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADBADB and the Borrower. MOUD MORD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. Section 2.05. (a) MOUD MORD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 5 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Particular Covenants. (a) MOUD MORD and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the StateProject Executing Agencies. Section 2.02. MOUD MORD and the State shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, MORD and the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MORD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. Section 2.05. (a) MOUD MORD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 5 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Particular Covenants. (a) MOUD MORD and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban rural roads development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the State. Section 2.02. MOUD MORD and the State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works goods or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MORD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. Section 2.05. (a) MOUD MORD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 3 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Particular Covenants. (a) MOUD and the The State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State, and all obligations set forth in the Schedule to this Project Agreement. Section 2.02. MOUD and the State shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB and the Borrower may otherwise agree, the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADB and the Borrower. The State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate State undertakes to insure, or cause to be insured, the Goods to be procured, including imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 3 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Particular Covenants. (a) MOUD and the The State shall carry out the Project PRF Activities with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilitiesPRF Activities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the The State shall make available, promptly as needed, and on terms and conditions acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the ProjectPRF Activities. (a) In the carrying out of the ProjectPRF Activities, MOUD and the State shall employ engage competent and qualified consultants and contractors, acceptable to ADBconsistent with the Procurement Policy and Procurement Regulations, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB may otherwise agree, the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall carry out the Project PRF Activities in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADBADB and the Borrower. MOUD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the Section 2.05. The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project PRF Activities facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the ProjectPRF Activities, to record the progress of the Project PRF Activities (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

Particular Covenants. (a) MOUD and the State The Borrower shall carry out cause the Project to be carried out with due diligence and efficiency, efficiency and in conformity with sound administrative, financial, engineering, environmentalroad reconstruction, governance business and urban development environmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Borrower shall perform perform, or cause to be performed, all obligations set forth in the Schedule 5 to this Loan Agreement to the extent that they are applicable to MOUD and the StateAgreement. Section 2.024.02. MOUD and the State The Borrower shall make available, promptly as neededneeded and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the ProjectProject and for the operation and maintenance of the Project facilities. (a) In the carrying out of the Project, MOUD and the State Borrower shall employ cause competent and qualified consultants and contractors, acceptable to ADB, to be employed to an extent and upon terms and conditions satisfactory to the Borrower and ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services The Borrower shall cause the Project to be financed carried out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State shall carry out the Project in accordance with plans, procedures, design standards, specifications, work schedules schedules, business methods and construction methods acceptable to ADB. MOUD and the State The Borrower shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, procedures, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The Borrower shall ensure that the activities of its departments, agencies, and the State shall take REPC with respect to the carrying out of the Project and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance operation of the Project facilities to such extent are conducted and against such risks and coordinated in such amounts as shall be consistent accordance with sound practiceadministrative policies and procedures. (b) Without limiting The Borrower shall take all action which shall be necessary on its part to enable the generality of REPC to perform its obligations under the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Subsidiary Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installationAgreement, and for shall not take or permit any action which would interfere with the performance of such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsobligations. Section 2.06. MOUD and the State (a) The Borrower shall (i) maintain, or cause to be maintained, records separate accounts for the REPC and for the Project as a whole; (ii) have such accounts adequate and related financial statements audited annually, in accordance with appropriate auditing standards consistently applied, by independent auditors whose qualifications, experience and terms of reference are acceptable to identify ADB; (iii) furnish to ADB, as soon as available but in any event not later than 6 months after the Goodsend of each related fiscal year, certified copies of such audited accounts and financial statements and the report of the auditors relating thereto (including the auditors' opinion on the use of the Loan proceeds and compliance with the financial covenants of this Loan Agreement as well as on the use of the procedures for the imprest account and the statement of expenditures), all in the English language; and (iv) furnish to ADB such other information concerning such accounts and financial statements and the audit thereof as ADB shall from time to time reasonably request. (b) The Borrower shall enable ADB, upon ADB's request, to discuss the financial statements for the Project and the REPC, and the financial affairs related to the Project and the REPC, from time to time with the auditors appointed by the Borrower pursuant to Section 4.05(a) hereabove, and shall authorize and require any representative of such auditors to participate in any such discussions requested by ADB, provided that any such discussion shall be conducted only in the presence of an authorized officer of the Borrower unless the Borrower shall otherwise agree. Section 4.06. The Borrower shall enable ADB's representatives to inspect the Project, the REPC, the Goods and Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, and any relevant records and documents related to disclose the use thereof in the Project, to record the progress of . Section 4.07. The Borrower shall ensure that the Project (including the cost thereof) facilities are operated, maintained and to reflect, repaired in accordance with consistently maintained sound accounting principlesadministrative, its operations financial, engineering, environmental, and financial conditionmaintenance and operational practices. Section 2.07. (a) ADB, MOUD, The Borrower shall exercise its rights under the Subsidiary Loan Agreement in such a manner as to protect the interests of the Borrower and the State shall cooperate fully ADB and to ensure that accomplish the purposes of the Loan. (b) No rights or obligations under the Subsidiary Loan will Agreement shall be accomplishedassigned, amended, abrogated or waived without the prior concurrence of ADB.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Particular Covenants. (a) MOUD The State and the State TRANSCO shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and TRANSCO shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateTRANSCO. Section 2.02. MOUD The State and the State TRANSCO shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and TRANSCO shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State TRANSCO shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to the State, TRANSCO and ADB. MOUD The State and the State TRANSCO shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State TRANSCO shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB forADB, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes TRANSCO undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall cause TRANSCO to maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and TRANSCO shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

Particular Covenants. (a) MOUD The State and the State ERA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and ERA shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateERA, respectively. Section 2.02. MOUD and the The State shall make available, promptly as needed, including to ERA, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and ERA respectively, shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State ERA respectively, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State ERA, respectively shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State ERA as appropriate, shall each take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities facilities, to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes ERA as appropriate, each undertake, to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State ERA shall each maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and ERA shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

Particular Covenants. (a) MOUD and the State CRC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmentalenvironmental and railway construction, governance maintenance and urban development operations practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State CRC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD CRC or its subsidiaries, and the Stateall obligations set forth in this Project Agreement including its Schedule. Section 2.02. MOUD and the State CRC shall make available, promptly as needed, the funds, facilities, services, equipment, land services and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State CRC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, CRC shall procure all Goods, Works and consulting services items of expenditure to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory acceptable to ADB. Section 2.04. MOUD and the State CRC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State CRC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State CRC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to CRC shall insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State CRC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State CRC shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

Particular Covenants. (a) MOUD MORD and the State Assam shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development rural roads developmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State Assam shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the StateAssam. Section 2.02. MOUD MORD and the State Assam shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State Assam shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Goods and Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State Assam shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to as agreed between MORD, Assam and ADB. MOUD MORD and the State Assam shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD MORD and the State Assam shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD MORD and the Sate undertakes Assam undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MORD and the State Assam shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Goods and Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MORD and the State Assam shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

Particular Covenants. (a) MOUD and the State SRWSA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State SRWSA shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD SRWSA, and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State SRWSA shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State SRWSA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, SRWSA shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State SRWSA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State SRWSA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State SRWSA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate SRWSA undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State SRWSA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State SRWSA shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NWSDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance public utility and urban development water supply practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NWSDB shall perform all obligations set forth in each of the Loan Agreement Agreements to the extent that they are applicable to MOUD and the StateNWSDB. Section 2.02. MOUD and the State NWSDB shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NWSDB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NWSDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NWSDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NWSDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NWSDB undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NWSDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NWSDB shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MORD and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban rural roads development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the State. Section 2.02. MOUD MORD and the State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods as acceptable to ADB. MOUD MORD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD Section 2.05. MORD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MORD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and MORD and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NTDC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmentalelectrical transmission, governance and urban development environmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NTDC shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD NTDC and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State NTDC shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NTDC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Loan AgreementAgreements. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NTDC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NTDC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NTDC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NTDC undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NTDC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NTDC shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State Punjab shall cause PID to carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Punjab shall cause PID to perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD PID, and Punjab shall perform all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State Punjab shall, or shall cause PID to, make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Punjab shall cause PID to employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, Punjab shall cause PID to procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State Punjab shall cause PID to carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State Punjab shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Punjab shall cause PID to take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Punjab undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State Punjab shall cause PID to maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Punjab shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD The State shall ensure that UED and the State shall IAs make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall ensure that UED and the IAs employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State shall ensure that UED and the State shall IAs carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate State undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintainedmaintained by UED and the IAs, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State ERA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and ERA shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateERA respectively. Section 2.02. MOUD and the The State shall make available, promptly as neededneeded including to ERA, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and ERA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State and ERA shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State ERA respectively, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State and ERA respectively, shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State and/or ERA as appropriate, shall each take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate State and/or ERA as appropriate, undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State ERA shall each maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUDthe State, and the State ERA shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. Section 2.01. (a) MOUD and the State Punjab shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development social practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Punjab shall perform all obligations set forth in each of the Loan Agreement Agreements to the extent that they are applicable to MOUD Punjab and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State Punjab shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Punjab shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Ordinary Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State Punjab shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State Punjab shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Punjab shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Punjab undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State Punjab shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Punjab shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State SAWACO shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development public utility practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State SAWACO shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD SAWACO and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State SAWACO shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the ProjectProject and the operation and maintenance of the Project facilities. (a) In the carrying out of the Project, MOUD and the State SAWACO shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State SAWACO shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State SAWACO shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State SAWACO shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate SAWACO undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State SAWACO shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State SAWACO shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State HCMC PC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State HCMC PC shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD and the StateHCMC PC. Section 2.02. MOUD and the State HCMC PC shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State HCMC PC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, HCMC PC shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured Loans in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement and Schedule 5 to the CTF Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State HCMC PC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State HCMC PC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State HCMC PC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate HCMC PC undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State HCMC PC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State HCMC PC shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD GPG and the State GMG shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development water resources management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State GMG shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD GMG and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD GPG and the State GMG shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State GMG shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State GMG shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State GMG shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State GMG shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities the Goods to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate GMG undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State GMG shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State GMG shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State shall cause the EA and the State shall IA to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD The State shall cause that EA and the State shall IAs make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall ensure that UED and the IAs employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or and consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State shall ensure that the EA and the State shall IAs carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State shall ensure that UED and the State shall IAs furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State shall ensure that UED and the State shall IAs take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State undertakes to ensure that UED and the Sate undertakes to IAs insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintainedmaintained by UED and the IAs, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State HPPCL shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and HPPCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateHPPCL. Section 2.02. MOUD The State and the State HPPCL shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and HPPCL shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, HPPCL shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State HPPCL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State HPPCL shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State or HPPCL shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, for insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes HPPCL undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State HPPCL shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and HPPCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD IMAR shall and the State shall cause IMDT and HBOT to carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State IMAR shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD IMAR, and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State IMAR shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State IMAR shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, IMAR shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State IMAR shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State IMAR shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State IMAR shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate IMAR undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State IMAR shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State IMAR shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State DISCOM-E shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and DISCOM-E shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the State.DISCOM-E. Section 2.02. MOUD The State and the State DISCOM-E shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and DISCOM-E shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State DISCOM-E shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to the State, DISCOM-E and ADB. MOUD The State and the State DISCOM-E shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State DISCOM-E shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB forADB, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD The State and the Sate DISCOM-E undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall cause DISCOM-E to maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and DISCOM-E shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD In the carrying out of the Project and in the State conduct of its business, MDF shall perform all the obligations set forth in the Loan Agreement, to the extent they are applicable to MDF, and in the Schedule to the Project Agreement. (b) MDF shall carry out the Project with due diligence and efficiency, efficiency and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development business practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State MDF shall employ competent and qualified consultants and contractorscontractors for the subprojects, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under the procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.043.03. MOUD MDF shall not make a subloan to any MG unless such MG has at its disposal, or has made appropriate arrangements to obtain as and when required, all local currency funds, and other resources which are required for the State carrying out of its subproject. Section 3.04. MDF shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to the Borrower and ADB. MOUD and the State When requested by ADB, MDF shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State MDF shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities the Goods financed out of the proceeds of the Loan to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate MDF undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.063.06. MOUD and the State MDF shall maintain, or cause to be maintained, maintain records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project and of each subproject (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its the operations and financial conditioncondition of MDF. Section 2.073.07. (a) ADB, MOUD, ADB and the State MDF shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and The State, acting through the State KUIDFC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and KUIDFC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateKUIDFC. Section 2.02. MOUD and the The State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and KUIDFC respectively, shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State KUIDFC respectively, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State KUIDFC respectively shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State KUIDFC as appropriate, shall each take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities facilities, to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes KUIDFC as appropriate, each undertake, to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State KUIDFC shall each maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and KUIDFC shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State DABS shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban development public utility practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State DABS shall perform all obligations set forth in the Loan Grant Agreement to the extent that they are applicable to MOUD DABS and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State DABS shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanGrant, for the carrying out of the ProjectProject and the operation and maintenance of the Project facilities. (a) In the carrying out of the Project, MOUD and the State DABS shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, agree all Goods, Works and consulting services to be financed out of the proceeds of the Loan Grant shall be procured in accordance with the provisions of Schedule 4 3 to the Loan Grant Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower Recipient and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State DABS shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State DABS shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State DABS shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate DABS undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Grant against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State DABS shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and Works, consulting services and other items of expenditure eligible expenditures financed out of the proceeds of the LoanGrant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State DABS shall cooperate fully to ensure that the purposes of the Loan Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MORD and the State Orissa shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development rural roads developmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State Orissa shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the StateOrissa. Section 2.02. MOUD MORD and the State Orissa shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State Orissa shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Goods and Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State Orissa shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to as agreed between MORD, Orissa and ADB. MOUD MORD and the State Orissa shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD MORD and the State Orissa shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD MORD and the Sate undertakes Orissa undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MORD and the State Orissa shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Goods and Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MORD and the State Orissa shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State HnPG shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmentalsocial, governance environmental and urban development flood management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State HnPG shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD HnPG and all obligations, as applicable, set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State HnPG shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State HnPG shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works goods or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State HnPG shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State HnPG shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State shall HnPG shall, during Project construction, take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate HnPG undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsgoods. Section 2.06. MOUD and the State HnPG shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works goods and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State HnPG shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The State, acting through KUIDFC, shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and KUIDFC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateKUIDFC, respectively. Section 2.02. MOUD and the The State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and KUIDFC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State acting through KUIDFC, shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The State, acting through KUIDFC, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State acting through KUIDFC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State and/or KUIDFC as appropriate, shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes State and/or KUIDFC as appropriate, shall each undertake to insure, or cause to be insured, the Goods to be procured including imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State KUIDFC, shall each maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUDthe State, and the State KUIDFC shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State UCSA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance social safeguards, and urban development public utility practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State UCSA shall perform all obligations set forth in this Project Agreement, and the Loan Agreement and the Grant Agreement to the extent that they are applicable to MOUD and the StateUCSA. Section 2.02. MOUD and the State UCSA shall make available, promptly as needed, the funds, facilities, services, equipment, land equipment and other resources which are required, in addition to the proceeds of the LoanLoan and the Grant, for the carrying out of the ProjectProject in accordance with the Loan Agreement and the Grant Agreement. (a) In the carrying out of the Project, MOUD and the State UCSA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State UCSA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State UCSA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State UCSA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate UCSA undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State UCSA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoan and the Grant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State UCSA shall cooperate fully to ensure that the purposes of the Loan and the Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The DISCO shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development social safeguards practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State DISCO shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD DISCO and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State The DISCO shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State DISCO shall employ competent and qualified consultants contractors and contractorsconsultants, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or and consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The DISCO shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The DISCO shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State The DISCO shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities the Goods to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate DISCO undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State The DISCO shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and Works, consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State DISCO shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State through DOWR shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development irrigation practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall and shall cause the DOWR and other agencies to perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State, DOWR and other agencies referred therein. Section 2.02. MOUD and the The State through DOWR, shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State through DOWR, shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State through DOWR shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State shall through DOWR, furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State through DOWR, shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate State through DOWR, undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State through DOWR, shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State through DOWR, shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MoRTH and the State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MoRTH and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the Statethem. Section 2.02. MOUD MoRTH and the State shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MoRTH and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB may otherwise agree, MoRTH and the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MoRTH and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADBADB and the Borrower. MOUD MoRTH and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. Section 2.05. (a) MOUD MoRTH and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NWSDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban development environmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NWSDB shall perform all obligations set forth in the Loan Financing Agreement and the Grant Agreement to the extent that they are applicable to MOUD and the StateNWSDB. Section 2.02. MOUD and the State NWSDB shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoan and the Grants, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NWSDB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works Works, and consulting services to be financed out of the proceeds of the Loan and the Grants shall be procured in accordance with the provisions of Schedule 4 to the Loan Financing Agreement. ADB may refuse to finance a contract where Goods, Works Works, or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower Sri Lanka and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NWSDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NWSDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NWSDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NWSDB undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan or the Grants against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsgoods. Section 2.06. MOUD and the State NWSDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works goods and consulting services and other items of expenditure financed out of the proceeds of the LoanLoan or the Grants, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NWSDB shall cooperate fully to ensure that the purposes of the Loan and the Grants will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State DISCOMs shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and DISCOMs shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateDISCOMs. Section 2.02. MOUD The State and the State DISCOMs shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD the State and the State DISCOMs shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State DISCOMs shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to the State, the DISCOMs and ADB. MOUD The State and the State DISCOMs shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State DISCOMs shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB forADB, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes DISCOMs undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall cause each of the DISCOMs to maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, the State and the State DISCOMs shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State GETCO shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban development power transmission practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and GETCO shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateGETCO. Section 2.02. MOUD The State and the State GETCO shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State GETCO shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Goods or Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State GETCO shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State GETCO shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State GETCO shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate GETCO undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State GETCO shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUDthe State, and the State GETCO shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and The Borrower shall cause the State shall and HPPCL to carry out the Project with due diligence and efficiency, efficiency and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban hydropower generation and development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Borrower shall perform perform, or cause to be performed, all obligations set forth in the Schedule 5 to this Loan Agreement to and in the extent that they are applicable to MOUD and the StateProject Agreement. Section 2.024.02. MOUD and The Borrower shall cause the State shall to make availableavailable to HPPCL, promptly as neededneeded and on terms and conditions satisfactory to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In Section 4.03. The Borrower shall cause the State to ensure that the activities of HPPCL and any other departments and agencies of the Borrower and the State, with respect to the carrying out of the Project and operation of the Project facilities, are conducted and coordinated in accordance with sound administrative policies and procedures. Section 4.04. The Borrower shall take all action which shall be necessary on its part to enable the State and HPPCL to perform their obligations under the Project Agreement, and shall not take or permit any action which would interfere with the performance of such obligations. (a) In relation to the Project, MOUD and the Borrower shall exercise its rights under the financing arrangements with the State in such a manner as to protect the interests of the Borrower and ADB and to accomplish the purposes of the Loan. The Borrower shall employ competent also ensure that the State exercises its rights under the Onlending Arrangements in such a manner as to protect the interests of the Borrower and qualified consultants ADB and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADBaccomplish the purposes of the Loan. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of Any rights or obligations under the proceeds of the Loan shall be procured in accordance Borrower’s financing arrangements with the provisions of Schedule 4 State shall only be assigned, amended, abrogated or waived with prior notification to ADB. Rights or obligations under the Loan Agreement. ADB may refuse to finance a contract where GoodsOnlending Arrangements shall only be assigned, Works amended, abrogated or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not waived, if satisfactory to ADB. Section 2.04. MOUD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Loan Agreement

Particular Covenants. (a) MOUD The State and the State HPPTCL shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and HPPTCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateHPPTCL. Section 2.02. MOUD The State and the State HPPTCL shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and HPPTCL shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State and HPPTCL shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State HPPTCL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State HPPTCL shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State HPPTCL shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes HPPTCL undertake to insure, or cause to be insured, the Goods to be procured included imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State HPPTCL shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its their operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and HPPTCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NHA shall carry out the Project with due diligence and efficiency, and in conformity with sound applicable administrative, technical, financial, engineeringbusiness, environmental, governance development and urban development operational practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NHA shall perform all obligations set forth in the Ordinary Operations Loan Agreement to the extent that they are applicable to MOUD and the StateNHA. Section 2.02. MOUD and the State NHA shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NHA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, NHA shall procure all Goods, Works Works, Consulting Services and consulting services other items of expenditure to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Ordinary Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have such item of expenditure has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NHA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NHA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NHA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NHA undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NHA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Works, Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NHA shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and The State through UED shall cause the State shall IA to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and The State through UED shall cause the State shall IA to make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out implementation of the Project. (a) In the carrying out of the Project, MOUD and the State through UED shall ensure that the IA employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and The State through UED shall ensure that the State shall IA carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State shall ensure that UED and the State shall IA furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State shall ensure that UED and the State shall IA take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State shall ensure that UED and the Sate undertakes IA undertake to insure, or cause to be insured, the Goods to be imported or procured for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintainedmaintained by UED and the IA, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will shall be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall cause HPPCL to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development hydropower generation practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and HPPCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and HPPCL and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD The State and the State HPPCL shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of Project activities funded with proceeds of the ProjectLoan, MOUD and the State shall cause HPPCL to employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, the Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall cause HPPCL to carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State shall furnish, or cause HPPCL to be furnished, furnish to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the Section 2.05. The State shall cause HPPCL to take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause HPPCL to be maintained, maintain records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and HPPCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State BWDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State BWDB shall perform all obligations set forth in the Loan Agreement to and in the Schedules thereto, the extent that they are applicable to MOUD and the StateBWDB. Section 2.02. MOUD and the State BWDB shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State BWDB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, BWDB shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State BWDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State BWDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State BWDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate BWDB undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State BWDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State BWDB shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State DISCOMs shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD the State and the State DISCOMs shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateDISCOMs. Section 2.02. MOUD The State and the State DISCOMs shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD the State and the State DISCOMs shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State and the DISCOMs shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State DISCOMs shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADB and the relevant DISCOM. The State and the DISCOMs shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State DISCOMs shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes DISCOMs undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall cause each DISCOM to maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its their operations and financial condition. Section 2.07. (a) ADB, MOUD, the State and the State DISCOMs shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD HPG shall make the proceeds of the Loan available to HMG promptly and upon terms and conditions acceptable to ADB. Except as ADB may otherwise agree, the State terms for making such proceeds of the Loan available to HMG shall include (i) interest at the rate identical to that of the Loan; (ii) a repayment period including a grace period identical to those of the Loan; (iii) HMG bearing the foreign exchange and interest rate variation risks; and (iv) HMG performing all such obligations, to the extent applicable to them, as provided in this Project Agreement. (b) HMG shall, and shall cause the IA to, carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance wastewater treatment, and urban development practices. (bc) In the carrying out of the Project and operation of the Project facilities, MOUD HMG shall, and shall cause the State shall IA to, perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD HMG and the StateIA and all obligations set forth in the Schedule to this Project Agreement. Section 2.02. MOUD HMG shall, and shall cause the State shall IA to, make available, available promptly as needed, needed the funds, facilities, services, equipment, land land, and other resources which are required, required in addition to the proceeds of the Loan, Loan for the carrying out of the Project. (a) In the carrying out of the Project, MOUD HMG shall, and shall cause the State shall IA to, employ competent and qualified consultants and contractors, contractors acceptable to ADB, ADB to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works Works, and consulting services Consulting Services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works Works, or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD HMG shall, and shall cause the State shall IA to, carry out the Project in accordance with plans, design standards, specifications, work schedules schedules, and construction methods acceptable to ADB. MOUD HMG shall, and shall cause the State shall IA to, furnish, or cause to be furnished, to ADB, ADB promptly after their preparation, preparation such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, therein in such detail as ADB shall reasonably request. (a) MOUD HMG shall, and shall cause the State shall IA to, take out and maintain with responsible insurers, insurers or make other arrangements satisfactory to ADB for, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and HMG shall cause the Sate undertakes IA to undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation transportation, and delivery thereof to the place of use or installation, ; and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD HMG shall, and shall cause the State shall IA to, maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State HMG shall cooperate fully to ensure that the purposes of the Loan will be accomplished. HMG shall, and shall cause the IA to, cooperate fully with ADB to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall cause HPPCL to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development hydropower generation practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and HPPCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and HPPCL and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD The State and the State HPPCL shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of Project activities funded with proceeds of the ProjectLoan, MOUD and the State shall cause HPPCL to employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Consulting Services shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall cause HPPCL to carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State shall furnish, or cause HPPCL to be furnished, furnish to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State shall cause HPPCL to take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes State shall cause HPPCL to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause HPPCL to be maintained, maintain records and accounts adequate to identify the Goods, Works and consulting services Works, Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and HPPCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State BWDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development water resources planning and management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State BWDB shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the StateBWDB. Section 2.02. MOUD and the State BWDB shall make available, promptly as needed, the funds, facilities, servicesservices , equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State BWDB shall employ competent and qualified consultants as selected by ADB, contractors and contractorsother private service providers including NGOs, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works goods or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State BWDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State BWDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State BWDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of facilities provided under the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate BWDB undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsgoods. Section 2.06. MOUD and the State BWDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works goods and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State BWDB shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State Sindh shall carry out the Project with due diligence and efficiency, and in conformity with sound applicable administrative, technical, financial, engineeringbusiness, environmental, governance development and urban development operational practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Sindh shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD and the StateSindh. Section 2.02. MOUD and the State Sindh shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Sindh shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, Sindh shall procure all Goods, Works Works, Consulting Services and consulting services other items of expenditure to be financed out of the proceeds of the Loan shall be procured Loans in accordance with the provisions of Schedule 4 to the Loan AgreementAgreements, respectively. ADB may refuse to finance a contract where Goods, Works or consulting services have such item of expenditure has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State Sindh shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State Sindh shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Sindh shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Sindh undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State Sindh shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Works, Consulting Services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Sindh shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State AEPC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State AEPC shall perform all obligations set forth in the Loan Agreement and the Grant Agreement to the extent that they are applicable to MOUD AEPC, and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State AEPC shall make available, promptly as needed, [and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the LoanLoan and Grant, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State AEPC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, AEPC shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured and Grant in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State AEPC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State AEPC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State AEPC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate AEPC undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State AEPC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoan and the Grant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State AEPC shall cooperate fully to ensure that the purposes of the Loan and the Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State DABS shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State DABS shall perform all obligations set forth in the Loan ADB Grant Agreement to the extent that they such are applicable to MOUD DABS, and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State DABS shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the LoanADB Grant, UK Grant and Denmark Grant for the carrying out of the ProjectProject and the operation and maintenance of the Project facilities. (a) In the carrying out of the Project, MOUD and the State DABS shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, DABS shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured ADB Grant, UK Grant and Denmark Grant in accordance with the provisions of Schedule 4 3 to the Loan ADB Grant Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower Recipient and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State DABS shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State DABS shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State DABS shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate DABS undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State DABS shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanGrant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State DABS shall cooperate fully to ensure that the purposes of the Loan Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall cause HPPCL to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development hydropower generation practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and HPPCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateHPPCL. Section 2.02. MOUD The State and the State HPPCL shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of Project activities funded with proceeds of the ProjectLoan, MOUD and the State and HPPCL shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State HPPCL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State HPPCL shall furnish, or cause to be furnished, furnish to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State or HPPCL shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes HPPCL undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State HPPCL shall maintain, or cause to be maintained, maintain records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and HPPCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State ASEB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD State and the State ASEB shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateASEB. Section 2.02. MOUD The State and the State ASEB shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and ASEB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works Goods or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State ASEB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State ASEB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State ASEB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes ASEB undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State ASEB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State and ASEB shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Project Loan Agreement and the Grant Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the The State shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land equipment and other resources which are as required, in addition to the proceeds of the LoanLoan and the Grant, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB and the Borrower may otherwise agree, the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured and the Grant in accordance with the provisions of Schedule 4 to the Project Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADB and the Borrower. The State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB forADB, for insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate State undertakes to insure, or cause to be insured, the Goods to be imported procured, including imported, for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoan and the Grant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan and the Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NWSDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development public utility practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NWSDB shall perform all obligations set forth in the Special Operations Loan Agreement to the extent that they are applicable to MOUD and the StateNWSDB. Section 2.02. MOUD and the State NWSDB shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NWSDB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NWSDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NWSDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NWSDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NWSDB undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NWSDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NWSDB shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD Sindh and the State CDA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban community development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD Sindh and the State CDA shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD Sindh and the StateCDA. Section 2.02. MOUD Sindh and the State CDA shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD Sindh and the State CDA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD Sindh and the State CDA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to agreed with ADB. MOUD Sindh and the State CDA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD Sindh and the State CDA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD Sindh and the Sate undertakes CDA undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD Sindh and the State CDA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, Sindh and the State CDA shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall carry out the Project with due diligence and efficiency, and in conformity confonnity with sound administrative, applicable technical. financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the The State shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall employ competent and qualified consultants and contractors, acceptable to ADBconsistent with the Procurement Policy and the Procurement Regulations, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB and the Borrower may otherwise agree, the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB ADS or where the terms and conditions of the contract are not satisfactory to ADBADS. Section 2.04. MOUD and the The State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADS and the Borrower. The State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against ag· ainst such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to State shall insure, or cause to be insured, the Goods to be procured, including imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The Implementing Agencies shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Implementing Agencies shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD the Implementing Agencies, and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State The Implementing Agencies shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Implementing Agencies shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the Implementing Agencies shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 3 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The Implementing Agencies shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The Implementing Agencies shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State The Implementing Agencies shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes Implementing Agencies undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State The Implementing Agencies shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Implementing Agencies shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The State, acting through KUIDFC, shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and KUIDFC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateKUIDFC respectively. Section 2.02. MOUD and the The State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and KUIDFC respectively, shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State acting through KUIDFC, shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State acting through KUIDFC, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State acting through KUIDFC, shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State and/or KUIDFC as appropriate, shall each take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes State and/or KUIDFC as appropriate, shall each undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State KUIDFC, shall each maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUDADB and the State, and the State KUIDFC, shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

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Particular Covenants. (a) MOUD MDONER and the State Mizoram shall carry out the Project with due diligence and efficiency, and in conformity with sound applicable administrative, financial, engineering, environmental, governance environmental and urban roads development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MDONER and the State Mizoram shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MDONER and the StateMizoram respectively. Section 2.02. MOUD MDONER and the State Mizoram shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MDONER and the State Mizoram shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, MDONER and Mizoram shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MDONER and the State Mizoram shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MDONER and the State Mizoram shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Mizoram shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Mizoram undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MDONER and the State Mizoram shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MDONER and the State Mizoram shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State shall cause the EA and the State shall IA to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD The State shall cause that EA and the State shall IA make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall ensure that EA and the IA employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Goods and Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State shall ensure through the EA and the State shall IA carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State shall ensure that UED and the State shall IA furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State shall ensure that UED and the State shall IA take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State undertakes to ensure that UED and the Sate undertakes to IA insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintainedmaintained by UED and the IA, records and accounts adequate to identify the Goods, Goods and Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State HPPTCL shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and HPPTCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateHPPTCL. Section 2.02. MOUD The State and the State HPPTCL shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and HPPTCL shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State and HPPTCL shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State HPPTCL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State HPPTCL shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State HPPTCL shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes HPPTCL undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State HPPTCL shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its their operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and HPPTCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State Tamil Nadu shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance social, and urban development coastal management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Tamil Nadu shall perform all obligations set forth in the Loan Financing Agreement to the extent that they are applicable to MOUD and the StateTamil Nadu. Section 2.02. MOUD and the State Tamil Nadu shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoan and the Grant, respectively, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Tamil Nadu shall employ competent and qualified consultants and contractorscontractors as required, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan and the Grant, respectively, shall be procured in accordance with the provisions of Schedules 3A and 3B respectively, and Schedule 4 to the Loan Financing Agreement. ADB may refuse to finance a contract where Goods, Works goods or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower India and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State Tamil Nadu shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State Tamil Nadu shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Tamil Nadu shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Tamil Nadu undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan and the Grant, respectively, against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsgoods. Section 2.06. MOUD and the State Tamil Nadu shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works goods and consulting services and other items of expenditure financed out of the proceeds of the LoanLoan and the Grant, respectively, to disclose the use thereof in the ProjectProject and Subprojects, and to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Tamil Nadu shall cooperate fully to ensure that the purposes of the Loan and the Grant, respectively, will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State XXXXX shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State XXXXX shall perform all obligations set forth in the Loan Agreement Grant Agreements to the extent that they are applicable to MOUD KAJUR, and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State KAJUR shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the LoanGrants, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State KAJUR shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, XXXXX shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured Grants in accordance with the provisions of Schedule 4 3 to the Loan Special Operations Grant Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower Recipient and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State KAJUR shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State KAJUR shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State XXXXX shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate KAJUR undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State KAJUR shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanGrants, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State KAJUR shall cooperate fully to ensure that the purposes of the Loan Grants will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The State, shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the The State shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State shall employ engage competent and qualified consultants and contractors, acceptable to ADBconsistent with Procurement Policy, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB may otherwise agree, the State as applicable shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADB and the Borrower. The State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts amounts, as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to State , shall insure, or cause to be insured, the Goods to be procured including imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall each maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State CIPA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development port operational practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State CIPA shall perform all obligations set forth in each of the Loan Agreement Agreements to the extent that they are applicable to MOUD CIPA and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State CIPA shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State CIPA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State CIPA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State CIPA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Section 2.05. CIPA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB forADB, for insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State CIPA shall maintain, or cause to be maintained, records and accounts adequate to identify the GoodsProject facilities, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State CIPA shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The Project Executing Agencies shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and socioeconomic urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Project Executing Agencies shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the StateProject Executing Agencies. Section 2.02. MOUD and the State The Project Executing Agencies shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Project Executing Agencies shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the Project Executing Agencies shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The Project Executing Agencies shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The Project Executing Agencies shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State The Project Executing Agencies shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes Project Executing Agencies undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State The Project Executing Agencies shall maintain, or cause to be maintainedmaintained by their respective PIUs, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its their operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Project Executing Agencies shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State BPC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development rural electrification practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State BPC shall perform all obligations set forth in the Loan ADF Grant Agreement to the extent that they are applicable to MOUD and the StateBPC. Section 2.02. MOUD and the State BPC shall make available, promptly as needed, the funds, facilities, services, services equipment, land and other resources which are required, in addition to the proceeds of the LoanADF Grant, for the carrying out of the ProjectProject and the operation and maintenance of the Project facilities. (a) In the carrying out of the Project, MOUD and the State BPC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works Works, and consulting services to be financed out of the proceeds of the Loan ADF Grant shall be procured in accordance with the provisions of Schedule 3 and Schedule 4 to the Loan ADF Grant Agreement. ADB may refuse to finance a contract where Goods, Works Works, or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower Recipient and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State BPC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State BPC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State BPC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities and any equipment financed from the proceeds of the ADF Grant to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate BPC undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan ADF Grant against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State BPC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works Works, and consulting services and other items of expenditure financed out of the proceeds of the LoanADF Grant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State BPC shall cooperate fully to ensure that the purposes of the Loan ADF Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MORD and the State Madhya Pradesh shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development rural roads developmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State Madhya Pradesh shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the StateMadhya Pradesh. Section 2.02. MOUD MORD and the State Madhya Pradesh shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State Madhya Pradesh shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB, all in accordance with Schedule 4 to the Loan Agreement. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Goods and Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State Madhya Pradesh shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to as agreed between MORD, Madhya Pradesh and ADB. MOUD MORD and the State Madhya Pradesh shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD Section 2.05. MORD and the State Madhya Pradesh shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MORD and the State Madhya Pradesh shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MORD and the State Madhya Pradesh shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State MSSDS shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and MSSDS shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateMSSDS. Section 2.02. MOUD The State and the State MSSDS shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and MSSDS shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State and MSSDS shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State MSSDS shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD The State and the State MSSDS shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State MSSDS shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, for insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes MSSDS undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State MSSDS shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUDthe State, and the State MSSDS shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The Project Executing Agencies shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Project Executing Agencies shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the StateProject Executing Agencies. Section 2.02. MOUD and the State The Project Executing Agencies shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State Project Executing Agencies shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the Project Executing Agencies shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The Project Executing Agencies shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The Project Executing Agencies shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State The Project Executing Agencies shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes Project Executing Agencies undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State The Project Executing Agencies shall maintain, or cause to be maintainedmaintained by their respective PMUs, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State Project Executing Agencies shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State BT shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban development public utility practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State BT shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD BT and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State BT shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the ProjectProject and the operation and maintenance of the Project facilities. (a) In the carrying out of the Project, MOUD and the State BT shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, agree all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State BT shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State BT shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State BT shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate BT undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State BT shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services [and other items of expenditure expenditure] financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State BT shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State CAA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development commercial agriculture practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State CAA shall perform all obligations set forth in the Loan Grant Agreement to the extent that they are applicable to MOUD CAA and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State CAA shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanGrant, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State CAA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Grant shall be procured in accordance with the provisions of Schedule 4 3 to the Loan Grant Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower Recipient and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State CAA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State CAA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State CAA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate CAA undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan Grant against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsgoods. Section 2.06. MOUD and the State CAA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanGrant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State CAA shall cooperate fully to ensure that the purposes of the Loan Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State APGCL shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and APGCL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateAPGCL respectively. Section 2.02. MOUD The State and the State APGCL shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land equipment and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State APGCL shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB and the Borrower may otherwise agree, APGCL shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State APGCL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADB and the State Borrower. APGCL shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State APGCL shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate APGCL undertakes to insure, or cause to be insured, the Goods to be procured including imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State APGCL shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and APGCL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MORD and the State Orissa shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development rural roads developmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State Orissa shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the StateOrissa. Section 2.02. MOUD MORD and the State Orissa shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State Orissa shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB, all in accordance with Schedule 4 to the Loan Agreement. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State Orissa shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to as agreed between MORD, Orissa and ADB. MOUD MORD and the State Orissa shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD Section 2.05. MORD and the State Orissa shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MORD and the State Orissa shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MORD and the State Orissa shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State shall carry out The Borrower through the Project Executing Agency shall cause the Project to be carried out with due diligence and efficiency, efficiency and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State Borrower shall perform perform, or cause to be performed, all obligations set forth in the Schedule 5 to this Loan Agreement to the extent that they are applicable to MOUD and the StateAgreement. Section 2.024.02. MOUD and the State The Borrower shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are resources, as required, in addition to the proceeds of the Loan, for the carrying out of the ProjectProject and for the operation and maintenance of the Project facilities. (a) In Whenever applicable, in the carrying out of the Project, MOUD and the State Borrower through the Project Executing Agency shall employ cause competent and qualified consultants and contractors, acceptable to ADBADB and the Borrower, to be employed to an extent and upon terms and conditions satisfactory to the Borrower and ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services The Borrower through the Project Executing Agency shall cause the Project to be financed carried out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The Borrower shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. Section 4.04. The Borrower shall ensure that the activities of its departments and agencies with respect to the carrying out of the Project and operation of the Project facilities are conducted and coordinated in accordance with sound administrative policies and procedures. (a) MOUD and the State The Borrower shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (bi) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State shall maintain, or cause to be maintained, records and separate accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in for the Project, to record the progress of the Project ; (including the cost thereofii) have such accounts and to reflectrelated financial statements audited annually, in accordance with appropriate auditing standards consistently maintained sound accounting principlesapplied, its operations by independent auditors whose qualifications, experience and terms of reference are acceptable to ADB; (iii) furnish to ADB, as soon as available but in any event not later than 6 months after the end of each related fiscal year, certified copies of such audited accounts and financial condition. Section 2.07. (a) ADB, MOUD, statements and the State shall cooperate fully to ensure that report of the purposes auditors relating thereto (including the auditors' opinion on the use of the Loan will proceeds and compliance with the financial covenants of this Loan Agreement), all in the English language; and (iv) furnish to ADB such other information concerning such accounts and financial statements and the audit thereof as ADB shall from time to time reasonably request. (b) The Borrower shall enable ADB, upon ADB's request, to discuss the Borrower's financial statements for the Project and its financial affairs related to the Project from time to time with the auditors appointed by the Borrower pursuant to Section 4.05(a) hereinabove, and shall authorize and require any representative of such auditors to participate in any such discussions requested by ADB, provided that any such discussion shall be accomplishedconducted only in the presence of an authorized officer of the Borrower unless the Borrower shall otherwise agree.

Appears in 1 contract

Samples: Loan Agreement

Particular Covenants. (a) MOUD The State and the State BESCOM shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and BESCOM shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateBESCOM, respectively. Section 2.02. MOUD The State and the State BESCOM as applicable, shall make available, promptly as needed, and on terms and conditions mutually acceptable to ADB and the Borrower, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and BESCOM as applicable, shall employ competent and qualified consultants and contractors, acceptable to ADBconsistent with the Procurement Policy and the Procurement Regulations, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB and the Borrower may otherwise agree, the State and BESCOM as applicable, shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State BESCOM as applicable, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to ADB. MOUD ADB and the State Borrower. BESCOM shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State BESCOM as applicable, shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes to BESCOM as applicable, shall insure, or cause to be insured, the Goods to be procured, including imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State BESCOM as applicable, shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and BESCOM shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD TCC and the State PCC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance public utility, and urban development planning practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD TCC and the State PCC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD TCC and the StatePCC. Section 2.02. MOUD TCC and the State PCC shall make available, promptly as needed, the funds, facilities, services, equipment, land office space and other resources resources, which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD TCC and the State PCC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD TCC and the State PCC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD TCC and the State PCC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD TCC and the State PCC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD TCC and the Sate undertakes PCC undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD TCC and the State PCC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, TCC and the State PCC shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MDONER and the State Tripura shall carry out the Project with due diligence and efficiency, and in conformity with sound applicable administrative, financial, engineering, environmental, governance environmental and urban roads development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MDONER and the State Tripura shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MDONER and the StateTripura respectively. Section 2.02. MOUD MDONER and the State Tripura shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MDONER and the State Tripura shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, MDONER and Tripura shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MDONER and the State Tripura shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MDONER and the State Tripura shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Tripura shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Tripura undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MDONER and the State Tripura shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MDONER and the State Tripura shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NWSDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance management and urban development water supply and sanitation practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NWSDB shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD and the StateNWSDB. Section 2.02. MOUD and the State NWSDB shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NWSDB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NWSDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NWSDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NWSDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NWSDB undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NWSDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NWSDB shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State shall XUARG shall, through XCD, carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, social safeguards, environmental, governance road construction, operation, and urban development maintenance practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State XUARG shall perform ensure that XCD performs all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD XUARG, XCD and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD XUARG shall, and the State shall cause XCD to, make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State XUARG shall employ ensure that XCD employs competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State XUARG shall cause XCD to carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State XUARG shall cause XCD to furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State XUARG shall cause XCD to take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insureXUARG shall ensure that XCD insures, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State XUARG shall maintainensure that XCD maintains, or cause causes to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State XUARG shall cooperate fully to ensure that the purposes of the Loan will shall be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MDONER and the State Assam shall carry out the Project with due diligence and efficiency, and in conformity with sound applicable administrative, financial, engineering, environmental, governance environmental and urban roads development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MDONER and the State Assam shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MDONER and the StateAssam respectively. Section 2.02. MOUD MDONER and the State Assam shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MDONER and the State Assam shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, MDONER and Assam shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MDONER and the State Assam shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MDONER and the State Assam shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Assam shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Assam undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MDONER and the State Assam shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MDONER and the State Assam shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MORD and the State Chhattisgarh shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development rural roads developmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MORD and the State Chhattisgarh shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MORD and the StateChhattisgarh. Section 2.02. MOUD MORD and the State Chhattisgarh shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MORD and the State Chhattisgarh shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB, all in accordance with Schedule 4 to the Loan Agreement. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MORD and the State Chhattisgarh shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to as agreed between MORD, Chhattisgarh and ADB. MOUD MORD and the State Chhattisgarh shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD Section 2.05. MORD and the State Chhattisgarh shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MORD and the State Chhattisgarh shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MORD and the State Chhattisgarh shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State BWDB shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development water management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State BWDB shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the StateBWDB. Section 2.02. MOUD and the State BWDB shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State BWDB shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State BWDB shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State BWDB shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State BWDB shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of any Project facilities and equipment financed out of the proceeds of the Loan to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate BWDB undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State BWDB shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State BWDB shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The State, through BSRDC, shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and BSRDC, shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateBSRDC. Section 2.02. MOUD and the The State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State State, through BSRDC, shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the State, through BSRDC, shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Initial Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower State, acting through BSRDC, and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The State, through BSRDC, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The State, through BSRDC, shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State The State, through BSRDC, shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate State, through BSRDC, undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State The State, through BSRDC, shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and BSRDC shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NCPC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development road construction and management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NCPC shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD and the StateNCPC. Section 2.02. MOUD and the State NCPC shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Special Operations Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NCPC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, NCPC shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Special Operations Loan shall be procured in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NCPC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NCPC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Section 2.05. Without limiting the generality of the foregoing, MOUD and the Sate NCPC undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NCPC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Special Operations Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NCPC shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NTDC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmentalelectrical transmission, governance and urban development environmental practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NTDC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD NTDC and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State NTDC shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the LoanLoans, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NTDC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan Loans shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NTDC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NTDC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NTDC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NTDC undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan Loans against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NTDC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoans, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NTDC shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State MPRDC, shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban state road development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and MPRDC shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateMPRDC. Section 2.02. MOUD and the The State shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and MPRDC, shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State MPRDC, shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to as agreed with ADB. MOUD The State and the State MPRDC, shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State MPRDC, shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate MPRDC, undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD The State and the State MPRDC, shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUDthe State, and the State MPRDC shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD The State and the State DISCOMs shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban power sector development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State and DISCOMs shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the State and the StateDISCOMs. Section 2.02. MOUD The State and the State DISCOMs shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State and DISCOMs shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD The State and the State DISCOMs shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods mutually acceptable to the State, DISCOMs and ADB. MOUD The State and the State DISCOMs shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD The State and the State DISCOMs shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB forADB, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD the State and the Sate undertakes DISCOMs undertake to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall cause each of DISCOMs to maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, and the State and DISCOMs shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the The State shall carry out the Project PRF Activities with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD and the State. Section 2.02. MOUD and the State shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the ProjectPRF Activities. (a) In the carrying out of the ProjectPRF Activities, MOUD and the State shall employ competent and qualified consultants and contractors, acceptable to ADBconsistent with the Procurement Policy and Procurement Regulations, to an extent and upon terms and conditions mutually satisfactory to ADBADB and the Borrower. (b) Except as ADB may otherwise agree, the State shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the The State shall carry out the Project PRF Activities in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the The State shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the Section 2.05. The State shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the The State shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the ProjectPRF Activities, to record the progress of the Project PRF Activities (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NEA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NEA shall perform all obligations set forth in the Loan Agreement and the Grant Agreement to the extent that they are applicable to MOUD NEA, and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State NEA shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the LoanLoan and Grant, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NEA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, NEA shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured and Grant in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NEA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NEA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NEA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, for insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NEA undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NEA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanLoan and the Grant, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NEA shall cooperate fully to ensure that the purposes of the Loan and the Grant will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD MDONER and the State Manipur shall carry out the Project with due diligence and efficiency, and in conformity with sound applicable administrative, financial, engineering, environmental, governance environmental and urban roads development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD MDONER and the State Manipur shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD MDONER and the StateManipur respectively. Section 2.02. MOUD MDONER and the State Manipur shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD MDONER and the State Manipur shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, MDONER and Manipur shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD MDONER and the State Manipur shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD MDONER and the State Manipur shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State Manipur shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate Manipur undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD MDONER and the State Manipur shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, MDONER and the State Manipur shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD GPG and the State TMG shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance environmental and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State TMG shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD TMG and all obligations set forth in the StateSchedule to this Project Agreement. Section 2.02. MOUD and the State TMG shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State TMG shall employ competent and qualified consultants and contractorscontractors financed under the Loan proceeds, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State TMG shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State TMG shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State TMG shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate TMG undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD GPG and the State TMG shall maintain, or cause the Implementing Agencies to be maintainedmaintain, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, GPG and the State TMG shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NHA shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NHA shall perform all obligations set forth in the ADB Loan Agreement to the extent that they are applicable to MOUD and the StateNHA. Section 2.02. MOUD and the State NHA shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the LoanFinancing Proceeds, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NHA shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, NHA shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured Financing Proceeds in accordance with the provisions of Schedule 4 to the ADB Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower Beneficiary and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NHA shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NHA shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NHA shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NHA undertakes to insure, or cause to be insured, the Goods goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goodsgoods. Section 2.06. MOUD and the State NHA shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the LoanFinancing Proceeds, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NHA shall cooperate fully to ensure that the purposes of the Loan Financings will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NBR shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance social, and urban development information and communications technology practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NBR shall perform all obligations set forth in the Loan Agreement including without limitation Schedule 5 thereto to the extent that they are applicable to MOUD and the Stateit. Section 2.02. MOUD and the State NBR shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NBR shall employ competent and qualified staff, consultants and contractors, as applicable, acceptable to ADB, to an extent and upon the terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB ADB, or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NBR shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NBR shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NBR shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, for insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NBR undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NBR shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NBR shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State NPC shall carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering, environmental, governance and urban development management practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State NPC shall perform all obligations set forth in the Loan Agreement Agreements to the extent that they are applicable to MOUD and the StateNPC. Section 2.02. MOUD and the State NPC shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Special Operations Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State NPC shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Special Operations Loan shall be procured in accordance with the provisions of Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State NPC shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State NPC shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State NPC shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate NPC undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Special Operations Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State NPC shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services Consulting Services and other items of expenditure financed out of the proceeds of the Special Operations Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State NPC shall cooperate fully to ensure that the purposes of the Loan Loans will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD KVWSMB and the State KUKL shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD KVWSMB and the State KUKL shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD KVWSMB and the StateKUKL. Section 2.02. MOUD KVWSMB and the State KUKL shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD KVWSMB and the State KUKL shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, KVWSMB and KUKL shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD KVWSMB and the State KUKL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD KVWSMB and the State KUKL shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD KVWSMB and the State KUKL shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD KVWSMB and the Sate KUKL undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD KVWSMB and the State KUKL shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State KVWSMB and KUKL shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

Particular Covenants. (a) MOUD and the State The WSCs shall carry out the Project with due diligence and efficiency, and in conformity with sound administrativeapplicable technical, financial, engineeringbusiness, environmental, governance and urban development practices. (b) In the carrying out of the Project and operation of the Project facilities, MOUD and the State WSCs shall perform all obligations set forth in the Loan Agreement to the extent that they are applicable to MOUD the WSCs, and the Stateall obligations set forth in this Project Agreement. Section 2.02. MOUD and the State The WSCs shall make available, promptly as needed, and on terms and conditions acceptable to ADB, the funds, facilities, services, equipment, land and other resources which are as required, in addition to the proceeds of the Loan, for the carrying out of the Project. (a) In the carrying out of the Project, MOUD and the State WSCs shall employ competent and qualified consultants and contractors, acceptable to ADB, to an extent and upon terms and conditions satisfactory to ADB. (b) Except as ADB may otherwise agree, the WSCs shall procure all Goods, Works and consulting services items of expenditures to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to the Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 2.04. MOUD and the State The WSCs shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB. MOUD and the State The WSCs shall furnish, or cause to be furnished, to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request. (a) MOUD and the State The WSCs shall take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice. (b) Without limiting the generality of the foregoing, MOUD and the Sate WSCs undertakes to insure, or cause to be insured, the Goods to be imported for the Project and to be financed out of the proceeds of the Loan against hazards incident to the acquisition, transportation and delivery thereof to the place of use or installation, and for such insurance any indemnity shall be payable in a currency freely usable to replace or repair such Goods. Section 2.06. MOUD and the State The WSCs shall maintain, or cause to be maintained, records and accounts adequate to identify the Goods, Works and consulting services and other items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its their operations and financial condition. Section 2.07. (a) ADB, MOUD, ADB and the State WSCs shall cooperate fully to ensure that the purposes of the Loan will be accomplished.

Appears in 1 contract

Samples: Project Agreement

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