Common use of Project Leader Clause in Contracts

Project Leader. 8.2.1. The Steering Committee shall appoint a Project Leader, who must be approved by IFD. In this context, IFD may lay down a number of requirements as conditions for approving the Project Leader, including that the Project Leader has relevant professional experience and relevant project management experience. IFD may at any time require that a new Project Leader be appointed if the existing Project Leader does not, in the assessment of IFD, meet his/her obligations under the Agreement or if, in the assessment of IFD, there is a risk that the existing Project Leader will be unable to meet his/her obligations under the Agreement.‌ 8.2.2. The Project Leader is supervised by and receives instructions from the Steering Committee. The Project Leader participates in the meetings of the Steering Committee with the right to speak but not to vote. 8.2.3. The Project Leader shall have the day-to-day responsibility for the Project and its implementation, including coordination of activities between Project Participants. 8.2.4. Dispositions which are of an unusual nature relative to the Project content or have a major impact on the Project shall be made only by special authority from the Steering Committee. 8.2.5. In relation to IFD, the Project Leader shall always represent and act on behalf of the overall Project. 8.2.6. In current communication with the Project Leader regarding the Project and its implementation, all notices and information given by IFD to the Project Leader shall be deemed to have been given to all Project Participants at the same time. However, see Clause 15.3 on notices to Project Participants in relation to the Investment Agreement. 8.2.7. In addition to the responsibilities arising out of the Investment Agreement and the Steering Committee’s instructions, the Project Leader shall be responsible for ensuring: • that an initial Steering Committee meeting is held with the participation of the Investment Manager(s) and all Project Partners within one (1) month from the commencement of the Project, • that the Steering Committee is kept informed of Project progress, • that an ongoing dialogue is maintained with IFD; in this connection the Project Leader shall, without undue delay, inform IFD of any material circumstances of significance to the Project and/or IFD’s investment, • that optimum use is made of Project resources, • that information from IFD is passed on to all other Project Participants, • that the minutes of Steering Committee meetings described in Clause 6.1 are prepared and submitted to IFD in a timely manner, • that he/she assists the Administrator in connection with disbursements from and repayments to IFD, and • that drafts are prepared for the Annual Reports and the Final Report and that the Annual Reports and the Final Report approved by the Steering Committee are submitted to IFD in a timely manner. The Project Leader shall collaborate with the Administrator in connection with the preparation of the Annual Reports and in connection with other reporting on financial aspects of the Project.

Project Leader. 8.2.1. The Steering Committee shall appoint a Project Leader, who must be approved by IFD. In this context, IFD may lay down a number of requirements as conditions for approving the Project Leader, including that the Project Leader has relevant professional experience and relevant project management experience. IFD may at any time require that a new Project Leader be appointed if the existing Project Leader does not, in the assessment of IFD, meet his/her obligations under the Agreement or if, in the assessment of IFD, there is a risk that the existing Project Leader will be unable to meet his/her obligations under the Agreement.‌Agreement. 8.2.2. The Project Leader is supervised by and receives instructions from the Steering Committee. The Project Leader participates in the meetings of the Steering Committee with the right to speak but not to vote. 8.2.3. The Project Leader shall have the day-to-day responsibility for the Project and its implementation, including coordination of activities between Project Participants. 8.2.4. Dispositions which are of an unusual nature relative to the content of the Project content or have a major impact on the Project shall be made only by special authority from the Steering Committee. 8.2.5. In relation to IFD, the Project Leader shall always represent and act on behalf of the overall Project. 8.2.6. In current communication with the Project Leader regarding the Project and its implementation, all notices and information given by IFD to the Project Leader shall be deemed to have been given to all Project Participants at the same time. However, see Clause 15.3 on notices to Project Participants in relation to the Investment Agreement. 8.2.7. In addition to the responsibilities arising out of the Investment Agreement and the Steering Committee’s instructions, the Project Leader shall be responsible for ensuring: • that an initial Steering Committee meeting is held with the participation of the Investment Manager(sOfficer(s) and all Project Partners within one (1) month from the commencement of the Project, . • that the Steering Committee is kept informed of Project progress, . • that an ongoing dialogue is maintained with IFD; in this connection connection, the Project Leader shall, without undue delay, inform IFD of any material circumstances of significance to the Project and/or IFD’s investment, . • that optimum use is made of Project resources, . • that information from IFD is passed on to all other Project Participants, . • that the minutes of Steering Committee meetings described in Clause 6.1 are prepared and submitted to IFD in a timely manner, . • that he/she assists the Administrator in connection with disbursements from and repayments to IFD, and . • that drafts are prepared for the Annual Scientific and Biannual Financial Reports and the Final Report and that the Annual Reports and the Final Report are approved by the Steering Committee and are submitted to IFD in a timely manner. The Project Leader shall collaborate with the Administrator in connection with the preparation of the Annual Reports and in connection with other reporting on financial aspects of the Project.

Project Leader. 8.2.1. The Steering Committee shall appoint a Project Leader, who must be approved by IFD. In this context, IFD may lay down a number of requirements as conditions for approving the Project Leader, including that the Project Leader has relevant professional experience and relevant project management experience. IFD may at any time require that a new Project Leader be appointed if the existing Project Leader does not, in the assessment of IFD, meet his/her obligations under the Agreement or if, in the assessment of IFD, there is a risk that the existing Project Leader will be unable to meet his/her obligations under the Agreement.‌Agreement. 8.2.2. The Project Leader is supervised by and receives instructions from the Steering Committee. The Project Leader participates in the meetings of the Steering Committee with the right to speak but not to vote. 8.2.3. The Project Leader shall have the day-to-day responsibility for the Project and its implementation, including coordination of activities between Project Participants. 8.2.4. Dispositions which are of an unusual nature relative to the content of the Project content or have a major impact on the Project shall be made only by special authority from the Steering Committee. 8.2.5. In relation to IFD, the Project Leader shall always represent and act on behalf of the overall Project. 8.2.6. In current communication with the Project Leader regarding the Project and its implementation, all notices and information given by IFD to the Project Leader shall be deemed to have been given to all Project Participants at the same time. However, see Clause 15.3 on notices to Project Participants in relation to the Investment Agreement. 8.2.7. In addition to the responsibilities arising out of the Investment Agreement and the Steering Committee’s instructions, the Project Leader shall be responsible for ensuring: • that an initial Steering Committee meeting is held with the participation of the Investment Manager(sOfficer(s) and all Project Partners within one (1) month from the commencement of the Project, . • that the Steering Committee is kept informed of Project progress, . • that an ongoing dialogue is maintained with IFD; in this connection connection, the Project Leader shall, without undue delay, inform IFD of any material circumstances of significance to the Project and/or IFD’s investment, . • that optimum use is made of Project resources, . • that information from IFD is passed on to all other Project Participants, . • that the minutes of Steering Committee meetings described in Clause 6.1 are prepared and submitted to IFD in a timely manner, . • that he/she assists the Administrator in connection with disbursements from and repayments to IFD, and . • that drafts are prepared for the Annual Scientific and Annual/Biannual Financial Reports and the Final Report and that the Annual Reports and the Final Report are approved by the Steering Committee and are submitted to IFD in a timely manner. The Project Leader shall collaborate with the Administrator in connection with the preparation of the Annual Reports and in connection with other reporting on financial aspects of the Project.

Project Leader. 8.2.1. The Steering Committee shall appoint a Project Leader, who must be approved by IFD. In this context, IFD may lay down a number of requirements as conditions for approving the Project Leader, including that the Project Leader has relevant professional experience and relevant project management experience. IFD may at any time require that a new Project Leader be appointed if the existing Project Leader does not, in the assessment of IFD, meet his/her obligations under the Agreement or if, in the assessment of IFD, there is a risk that the existing Project Leader will be unable to meet his/her obligations under the Agreement.‌Agreement. 8.2.2. The Project Leader is supervised by and receives instructions from the Steering Committee. The Project Leader participates in the meetings of the Steering Committee with the right to speak but not to vote. 8.2.3. The Project Leader shall have the day-to-day responsibility for the Project and its implementation, including coordination of activities between Project Participants. 8.2.4. Dispositions which are of an unusual nature relative to the Project content or have a major impact on the Project shall be made only by special authority from the Steering Committee. 8.2.5. In relation to IFD, the Project Leader shall always represent and act on behalf of the overall Project. 8.2.6. In current communication with the Project Leader regarding the Project and its implementation, all notices and information given by IFD to the Project Leader shall be deemed to have been given to all Project Participants at the same time. However, see Clause 15.3 on notices to Project Participants in relation to the Investment Agreement. 8.2.7. In addition to the responsibilities arising out of the Investment Agreement and the Steering Committee’s instructions, the Project Leader shall be responsible for ensuring: • that an initial Steering Committee meeting is held with the participation of the Investment Manager(s) and all Project Partners within one (1) month from the commencement of the Project, • that the Steering Committee is kept informed of Project progress, • that an ongoing dialogue is maintained with IFD; in this connection the Project Leader shall, without undue delay, inform IFD of any material circumstances of significance to the Project and/or IFD’s investment, • that optimum use is made of Project resources, • that information from IFD is passed on to all other Project Participants, • that the minutes of Steering Committee meetings described in Clause 6.1 are prepared and submitted to IFD in a timely manner, • that he/she assists the Administrator in connection with disbursements from and repayments to IFD, and • that drafts are prepared for the Annual Reports and the Final Report and that the Annual Reports and the Final Report approved by the Steering Committee are submitted to IFD in a timely manner. The Project Leader shall collaborate with the Administrator in connection with the preparation of the Annual Reports and in connection with other reporting on financial aspects of the Project.