We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Periodic Meetings Clause in Contracts

Periodic Meetings. (a) The Borrower and the Bank shall meet, at the request of either party and on the date and place agreed upon, to exchange views on: (i) the general progress achieved in the implementation of the Program, and the compliance with the obligations set forth in Section 2.02 and 2.03 of these Special Conditions; and (ii) the consistency of the Borrower’s macroeconomic framework with the Program. Prior to any such meeting, the Borrower shall submit to the Bank, for its review and comments, a report in such detail as the Bank shall reasonably request on the fulfillment of the obligations referred to in subparagraphs (a)(i) and (ii) of this Section. 1 See the Standard International Trade Classification, Revision 3 (SITC, Rev. 3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev. 3 (1986). (b) If from the review of the Borrower’s reports, the Bank determines that the implementation of the Program is not satisfactory, the Borrower shall submit to the Bank within thirty (30) days from the date of the Bank’s notification, the plans or reports necessary to correct the problems, along with a timetable for their implementation.

Appears in 2 contracts

Samples: Loan Contract, Loan Contract

Periodic Meetings. (a) The Borrower and the Bank shall meet, at the request of either party and on the date and place agreed upon, to exchange views on: (i) the general progress achieved in the implementation of the ProgramProgramme, and the compliance with the obligations set forth in Section 2.02 and 2.03 of these Special Conditions; and (ii) the consistency of the Borrower’s macroeconomic framework with the ProgramProgramme. Prior to any such meeting, the Borrower shall submit to the Bank, for its review and comments, a report in such detail as the Bank shall reasonably request on the fulfillment of the obligations referred to in subparagraphs (a)(i) and (ii) of this Section. 1 See the Standard International Trade Classification, Revision 3 (SITC, Rev. 3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev. 3 (1986). (b) If from the review of the Borrower’s reports, the Bank determines that the implementation of the Program Programme is not satisfactory, the Borrower shall submit to the Bank within thirty (30) days from the date of the Bank’s notification, the plans or reports necessary to correct the problems, along with a timetable for their implementation.

Appears in 1 contract

Samples: Loan Contract

Periodic Meetings. (a) The Borrower and the Bank shall meet, at the request of either party and on the date and place agreed upon, to exchange views on: (i) the general progress achieved in the implementation of the Program, and the compliance with the obligations set forth in Section 2.02 and 2.03 of these Special Conditions; and (ii) the consistency of the 1 See the Standard International Trade Classification, Revision 3 (SITC, Rev. 3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev. 3 (1986). Borrower’s macroeconomic framework with the Program. Prior to any such meeting, the Borrower shall submit to the Bank, for its review and comments, a report in such detail as the Bank shall reasonably request on the fulfillment of the obligations referred to in subparagraphs (a)(i) and (ii) of this Section. 1 See the Standard International Trade Classification, Revision 3 (SITC, Rev. 3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev. 3 (1986). (b) If from the review of the Borrower’s reports, the Bank determines that the implementation of the Program is not satisfactory, the Borrower shall submit to the Bank within thirty (30) days from the date of the Bank’s notification, the plans or reports necessary to correct the problems, along with a timetable for their implementation.

Appears in 1 contract

Samples: Loan Contract