Sub-projects Sample Clauses

Sub-projects. 1. The Borrower shall make Sub-loans to Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Bank, as set forth in the Operations Manual. 2. The Borrower shall make each Sub-loan under a Sub–loan Agreement with the respective Beneficiary on terms and conditions approved by the Bank. In particular, the Borrower shall obtain rights adequate to protect its interests and those of the Bank, including the right to: (i) suspend or terminate the right of the Beneficiary to use the proceeds of the Sub-loan, or declare to be immediately due and payable all or any part of the amount of the Sub-loan then withdrawn, upon the Beneficiary’s failure to perform any of its obligations under the Sub-loan Agreement; and (ii) require each Beneficiary to: (A) carry out its Sub-project with due diligence and efficiency and in accordance with sound technical, economic, financial, managerial, environmental and social standards and practices satisfactory to the Bank, including in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Borrower; (B) provide, promptly as needed, the resources required for the purpose; (C) procure the goods and works to be financed out of the Sub-loan in accordance with the provisions of this Agreement; (D) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Bank, the progress of the Sub-project and the achievement of its objectives; (E) (1) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Bank, both in a manner adequate to reflect the operations, resources and expenditures related to the Sub-project; and (2) at the Bank’s, ANME’s or the Borrower’s request, have such financial statements audited by independent auditors acceptable to the Bank, in accordance with consistently applied auditing standards acceptable to the Bank, and promptly furnish the statements as so audited to the Borrower and the Bank; (F) enable the Borrower, ANME and the Bank to inspect the Sub-project, its operation and any relevant records and documents; and (G) prepare and furnish to the Borrower, the Bank and ANME all such information as the Borrower, the Bank or ANME shall reasonably request relating to the foregoing. In addition, the Sub-loan Agreement shall indicate that the Sub-project shall not involve...

Sub-projects. 1. The Project Implementing Entity shall not finance any Sub-projects unless the Association has confirmed in writing that all of the following conditions have been met: (i) the Project Implementing Entity has opened a Sub-Account with a financial institution acceptable to the Association; (ii) the Project Implementing Entity has established a financial management system and a procurement system in form and substance satisfactory to the Association, and with functions and resources satisfactory to the Association, including staff with qualifications, experience, and terms of reference satisfactory to the Association and recruited in accordance with the provisions of Section III of Schedule 2 of the Financing Agreement; (iii) the Project Agreement has been executed by the Project Implementing Entity; (iv) the Subsidiary Agreement has been executed on behalf of the Recipient and the Project Implementing Entity; and (v) a legal opinion satisfactory to the Association from counsel acceptable to the Association shall have confirmed that: (A) the Subsidiary Agreement has been duly authorized or ratified by the Recipient and the Project Implementing Entity and is legally binding upon the Recipient and the Project Implementing Entity in accordance with its terms; and (B) the Project Agreement has been duly authorized or ratified by the Project Implementing Entity and is legally binding upon the Project Implementing Entity in accordance with its terms.

Sub-projects. 1. The Participating Bank shall make Sub-loans to Beneficiaries and appraise, review, approve, and supervise Sub-projects in accordance with the criteria, conditions and procedures set forth in the Operations Manual, including, inter alia, the following eligibility criteria: (a) (i) the proposed Sub-project is in compliance with the environmental standards set out in the Environmental Assessment Framework, and with all applicable laws and regulations of the Recipient relating to environmental protection; (ii) an environmental screening has been carried out for the proposed Sub-project in accordance with principles set forth in the Environmental Assessment Framework; and (iii) if said environmental screening concludes that an EMP is required, said EMP has been prepared by the Beneficiary and approved by the Recipient and the Association for implementing the proposed Sub-project; (b) the proposed Sub-project is technically feasible, and economically, financially and commercially viable; and (c) the proposed Sub-project is in support of energy efficiency investments in industrial enterprises with the objective of achieving energy savings and shall include, inter alia, the following categories of energy efficiency investments: (i) investments in energy systems related to boiler upgrading and fuel switching, use of co-generation facilities, electric driven systems, including compressed air systems, electric chillers, machinery and lighting; as well as heat piping (steam, water) and associated equipment; (ii) investments in process technology related to upgrading and replacement of equipment, machinery and facilities; and/or (iii) investments in waste heat and waste use related to the utilization of waste heat (of hot/warm gases, liquids and solids) and burning of combustible waste (gases, liquids, solids) when harmful pollution can be effectively controlled. 2. No Sub-project shall be eligible for financing under the Project if such Sub- project: (a) is qualified as per the Environmental Assessment Framework as a Category A; or (b) will include activities deemed ineligible in accordance with the exclusion list set forth and defined in the Operations Manual. 3. The Participating Bank shall make Sub-loans to Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Association as set out in the Operations Manual, and shall only make the proceeds of the Sub-loan available to such Beneficiary after the Participating Bank has entered int...

Sub-projects. 1. For purposes of carrying out Subprojects under Part 1 of the Project, the Project Implementing Entity: shall, prior to Subproject implementation, either: enter into an agreement, satisfactory to the Bank, with the Beneficiary or its legally registered associate (“Subproject Agreement”), whereby the legal entity undertakes to carry out the corresponding Subproject, provide a commitment to a minimum contribution percentage in cash and/or in kind in accordance with the Operational Manual, and make satisfactory arrangements for the carrying out of the Subproject and the operation and maintenance of the assets created; enter into an arrangement, satisfactory to the Bank, with representatives of the relevant Beneficiary (“JSIF Subproject Arrangement”) whereby JSIF will undertake to carry out such Subproject for the benefit of said Beneficiary if such Beneficiary contributes a minimum contribution percentage (in cash and/or in kind in accordance with the Operational Manual) of the total cost of such Subproject; or enter into an agreement which includes a combination of both a Subproject Agreement and a JSIF Subproject Arrangement, in the event that the relevant Subproject implementation is shared by JSIF and the relevant Beneficiary; subject to, and upon full signature of, a corresponding Subproject Agreement (or an agreement combining a Subproject Agreement and a JSIF Subproject Arrangement) and receipt of such agreement, may transfer, on a grant basis, a portion of the Loan proceeds to the Beneficiary or its legally registered associate, for contracts under the respective Subproject which cost individually JM$10 million (ten million Jamaican Dollars) or less, provided that the Beneficiary: (A) is legally registered as a cooperative, benevolent society or friendly society; and (B) meets the fiduciary capacity requirements set forth in the Operational Manual for managing funds; or (A) has associated with a legally registered community organization, provided that such organization is able to demonstrate how that Subproject will benefit such community (in which case the proceeds would be transferred to the legally registered associate); and (B) the legally registered entity meets the fiduciary capacity requirements set forth in the Operational Manual for managing funds; shall, in the cases where funds are transferred pursuant to the preceding paragraph: cause each Beneficiary (and/or its legally registered associate) to: (A) carry out the respective Subproject i...

Sub-projects. The Recipient shall cause BRD to ensure that each PFI: 1. Selects eligible MSMEs, eligible Beneficiaries or eligible Enterprises (as applicable) which: (a) comply with the eligibility criteria set forth in the Project Implementational Manual, including that the eligible MSMEs, eligible Beneficiaries or eligible Enterprises, as applicable, shall have an ownership, management and financial structure consistent with the laws and regulations of the Recipient; and (b) are not in litigation or on a list of companies declared ineligible by the Association to participate in Association-financed projects. 2. Screens and selects Sub-projects in accordance with the selection and eligibility criterion set forth in the PIM. The following Sub-projects shall not be eligible for financing, as further set forth in the Project Implementational Manual: (a) any Sub-projects involving non-eligible expenditures (as such term is defined in the Project Implementational Manual); (b) any Sub-projects affecting international waterways, natural habitats, disputed areas or indigenous people; (c) any Sub-projects involving the conversion or degradation of forest areas; (d) any Sub-projects involving the involuntary taking of land or involuntary resettlement resulting in relocation or loss of shelter, loss of assets or access to assets, loss of income sources or means of livelihood, or involving the involuntary restriction of access to legally designated parks and protected areas; (e) any Sub-projects involving the construction or rehabilitation of dams; (f) any Sub-projects that finance Excluded Expenditures, as set forth in Schedule 5 of the Financing Agreements.

Sub-projects. 1. For purposes of Part 1 of the Project, the Recipient shall ensure: (a) that Sub-projects to be financed from the Grant are approved by the World Bank; (b) the selection and approval of Sub-projects in accordance with the eligibility criteria and selection procedures set forth in the Project Operational Manual; and (c) the conclusion of a Sub-grant Agreement with each Beneficiary on terms and conditions satisfactory to the World Bank and specified in the Project Operational Manual, which shall include the following: (i) the financing of Sub-projects shall be on a grant basis; and (ii) the Recipient shall obtain rights adequate to protect its interests and those of the World Bank, including the right to: (A) suspend or terminate the right of the Beneficiary to use the proceeds of the Sub-grant upon the Beneficiary’s failure to perform any of its obligations under the related Sub-grant Agreement; and (B) require each Beneficiary to: (I) carry out its Sub-project with due diligence and efficiency and in accordance with sound technical, economic, financial, managerial, environmental and social standards and practices satisfactory to the World Bank, including requirements of the Project Operational Manual and the provisions of the Anti-Corruption Guidelines applicable to recipients of Grant proceeds other than the Recipient; (II) provide, promptly as needed, the resources required for the purposes of the Sub-project; (III) procure the goods, works and services to be financed out of the Sub-grant in accordance with the provisions of this Agreement; (IV) maintain policies and procedures adequate to monitor and evaluate the progress of the Sub-project and the achievement of its objectives in accordance with indicators acceptable to the World Bank; (V) enable the Recipient and the World Bank to inspect the Sub-project, its operation and any relevant records and documents; and (VI) prepare and furnish to the Recipient and the World Bank all such information as the Recipient or the World Bank shall reasonably request relating to the Sub-project. 2. The Recipient shall exercise its rights under each Sub-grant Agreement in such manner as to protect the interests of the Recipient and the World Bank and to accomplish the purposes of the Grant. Except as the World Bank shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive any Sub-grant Agreement or any of its provisions.

Sub-projects. The main initial Sub-Projects will consist of the implementation, operation and maintenance of the System including Hosts, Network and Access Points, ancillary software- and hardware-components (e.g., operating systems, system management Tools) and the connection of these elements with the Network, all as set forth in more detail in Schedule 2.2 which also includes the payment schedule for those Services until 31 December 2000 for those Services regarding the CBOT Group, and in Schedule 1.4 and in Schedule 9.2b regarding the Eurex Group. If the CBOT Group exercises its right to terminate for convenience under Clause 18.2, the fixed payments in lieu of payments under (S) 649 German Civil Code are set forth in Schedule 2.2a.

Sub-projects. The Guarantor shall cause ANME to: (i) receive and evaluate the applications prepared by the Beneficiaries regarding the proposed Sub-projects; and (ii) screen and approve the Sub-projects submitted by the Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Bank, as set forth in the Operations Manual.

Sub-projects. (a) The Borrower shall ensure that, except as the Association shall otherwise agree, Sub-Projects shall be selected, promoted, identified, appraised, approved, carried out and monitored in accordance with the procedures and other provisions set forth or referred to in the Project Implementation Manual and the Environmental and Social Safeguards Framework.

Sub-projects. (a) To be eligible for a Block Grant, a Community Development Council shall prepare a Community Development Plan, and prepare and furnish one or more Sub-Project proposals to MRRD that fully satisfy the eligibility criteria specified in the Operational Manual and the Environmental and Social Safeguards Framework. Several CDCs may combine together to prepare one or more Sub-Project proposals of common interest and benefit by pooling up their Block Grant entitlements. (b) In evaluating each Sub-Project proposal, consideration shall be given to the CDCs capacity to carry out, manage and maintain the Sub-Project in conformity with appropriate administrative, financial, technical, environmental and managerial standards. (c) If a Sub-Project has been assessed to have potential environmental and social impacts, the Facilitating Partner, in coordination with the Community Development Council, shall prepare an Environment and Social Management Plan before the Block Grant can be awarded to it. 2. The Recipient, through MRRD, shall make the proceeds of the Grant available, as Block Grants, to CDCs under Block Grant agreements, each to be entered into by a representative of the CDC and the Recipient, all under terms and conditions which shall have been approved by the Association. A Block Grant agreement shall provide for rights adequate to protect the interests of the Association and the Recipient, including to the extent that it shall be appropriate to: (i) require the CDC to carry out the Sub-Project with due diligence and efficiency and in accordance with sound administrative, financial, technical and managerial standards, and maintain adequate records for the Sub-Project concerned; (ii) require that all goods, works, and services required for the Sub-Project shall be procured in accordance with the provisions of Section III of Schedule 2 to this Agreement; (iii) require that all goods, works, and services shall be used exclusively in the carrying out of the Sub-Project; (iv) require that the Block Grant shall not finance or support the cultivation of poppy; (v) permit the Recipient to inspect, by itself or jointly with representatives of the Association if the Association shall so request, any goods, works, plants and construction included in the Sub-Project, the operation thereof, and any relevant records and documents; (vi) require that the Sub-Project complies with the environmental, resettlement, and social standards set forth in the Environmental and Social ...