Project Undertakings. The undertakings in this Clause 19 (Project Undertakings) shall remain in force from the Effective Date for so long as any amount is outstanding under the Finance Documents.
Project Undertakings. 1. The Borrower shall maintain the Operational Manual, the GAAP, and the Social and Environmental Framework in form and content satisfactory to the Bank, shall duly perform all its obligations under said Manual, GAAP and Framework and shall not amend, abrogate or waive the Manual, GAAP, or Framework so as to affect materially and adversely the ability of the Borrower, PFIs and the Risk Sharing Guarantee Company to implement the Project or to achieve the objectives of the Project.
2. The Borrower shall:
(a) maintain the PMD with adequate powers, functions, staff and resources; and
(b) maintain the IAD with adequate powers, functions, staff and resources.
3. For the purposes of carrying out of Part A of the Project, the Borrower shall:
(a) make Sub-loans to Beneficiary Enterprises on the terms and conditions set forth in the Operational Manual and the Social and Environmental Framework including, without limitation, the terms and conditions set forth in Schedule 4 to this Agreement;
(b) exercise its rights in relation to each such Sub-loan in such manner as to protect its interests and the interests of the Bank, comply with its obligations under its respective Sub-loan Agreement and achieve the purposes of the Project;
(c) not assign, amend, abrogate or waive any of its agreements providing for Sub-loans, or any provision thereof, without the prior approval of the Bank;
(d) select PFIs that meet the eligibility criteria set forth in paragraph B.1 of Schedule 3 to this Agreement and provide to the Bank a copy of the Borrower’s assessment of each selected PFI;
(e) relend to the PFIs, selected in accordance with sub-paragraph (a) above, a portion of the proceeds of the Loan allocated from time to time to Category (1) of the table set forth in paragraph A.2 of Section IV of this Schedule 2 to this Agreement under Participation Agreements to be entered into between the Borrower and each such PFI for the purpose of making Sub-loans, in accordance with procedures, and under terms and conditions which shall have been approved by the Bank, and which shall include without limitation, those set forth in Schedule 3 to this Agreement;
(f) during the period of Project implementation furnish to the Bank annually a certificate in the agreed format showing that each PFI continues to meet the eligibility criteria set forth in paragraph B.1 of Schedule 3 to this Agreement;
(g) appraise PFIs and activities to be financed out of the proceeds of a Sub- loan, and supervise, monito...
Project Undertakings. Care and diligence
Project Undertakings. Access Right Holder must:
Project Undertakings. Use of Loan and availability of other funds The Borrower shall use all amounts borrowed by it under this Contract for the execution of the Project. The Borrower shall ensure that it has available to it the other funds listed in Recital (b) and that such funds are expended, to the extent required, on the financing of the Project.
Project Undertakings. Access Right Holder must:
(a) develop, construct, operate and maintain the Project in accordance with the Social Licence Commitments, the Model Access Right Holder Commitment, Good Industry Practice and all applicable Laws and authorisations;
(b) ensure that the Project complies with the Project Characteristics in all material respects;
(c) ensure that each Milestone is achieved by the relevant Milestone Date; and
(d) report on the development, construction and operation of the Project in accordance with clauses 9, 14.2 and 15.3.
Project Undertakings. 1. The Borrower shall maintain the Operational Manual, the GAAP, and the Social and Environmental Framework in form and content satisfactory to the Bank, shall duly perform all its obligations under said Manual, GAAP and Framework and shall not amend, abrogate or waive the Manual, GAAP, or Framework so as to affect materially and adversely the ability of the Borrower, PFIs and the Risk Sharing Guarantee Company to implement the Project or to achieve the objectives of the Project. The Borrower shall: maintain the PMD with adequate powers, functions, staff and resources; and maintain the IAD with adequate powers, functions, staff and resources.
Project Undertakings. 13um Process Development And Transfer Project
Project Undertakings. 31 6.01 USE OF LOAN AND AVAILABILITY OF OTHER FUNDS..............................................31 6.02
