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of the Sub-loan, or declare to be immediately due and payable all or any part of the amount of the Sub-loan then withdrawn, upon the Beneficiary’s failure to perform any of its obligations under the Sub-loan Agreement; and (ii) require each Beneficiary to: (A) carry out its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 the implementation of Part 2.2(b) of the Project, the Recipient, through FA, shall provide Sub-grants to Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Association and set forth in the COM.
2. The Recipient, through FA, shall make each Sub-grant under a Sub-grant agreement with the respective Beneficiary on terms and conditions approved by the Association (“Sub-grant Agreement”), which shall include, inter alia, the following:
(a) the Sub-grant amounts for an individual Beneficiary and a group-based Beneficiary as set forth in the COM agreed with the Association;
(b) the Sub-grant shall not be used to finance any item on the negative list set forth in the COM (“Excluded Activities”); and
(c) the Recipient shall obtain rights adequate to protect its interests and those of the Association, including the right to: (i) suspend or terminate the right of the Beneficiary to use the proceeds of the Sub-grant and/or obtain a refund of all or any part of the amount of the Sub-grant then withdrawn, upon the Beneficiary’s failure to perform any of its obligations under the Sub-grant 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 Association, including in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of grant proceeds other than the Recipient and the Environmental and Social Standards; (B) provide, promptly as needed, the resources required for the purpose; (C) procure the goods, works and services to be financed out of the Sub-grant 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 Association, the progress of the Sub-project and the achievement of its objectives; (E) maintain financial management (and when applicable, audit) arrangements in a manner adequate to reflect the operations, resources and expenditures related to the Sub-project, as more fully described in the COM; (F) enable the Recipient and the Association to inspect the Sub-project, its operation and any relevant records and documents; and (G) prepare and furnish to the Recipient and the Association all such information as the Recipient or the Association shall reasonably request...
Sub-projects. 1. The proceeds of the Subsidiary Credits shall be relent by each Project Implementing Entity to its respective Participating Utilities and Participating Municipalities, as the case may be, under a Subsidiary Financing Agreement to be entered into between the relevant Project Implementing Entity and the relevant Participating Utility and Participating Municipality, as the case may be, under terms and conditions which shall have been approved by the Association. Except as the Association shall otherwise agree, such terms and conditions shall include the following:
(a) the Subsidiary Financing provided by the Project Implementing Entity to the relevant Participating Utility or Participating Municipality under the Subsidiary Financing Agreement to carry out the Project shall be denominated in KM;
(b) the term of the Subsidiary Financing shall be twenty (20) years, including an 8-year grace period;
(c) the Project Implementing Entity shall charge the relevant Participating Utility and Participating Municipality a commitment charge at a rate equal to the rate payable by the Recipient under Section 2.03 of this Agreement, on the principal amount of the Subsidiary Financing not withdrawn from time to time;
(d) the Project Implementing Entity shall charge the relevant Participating Utility and Participating Municipality a service charge on the principal amount of the Subsidiary Financing withdrawn and outstanding from time to time at a rate equal to two percent (2%) per annum; and the principal amount of the Subsidiary Financing shall be repayable in KM. The Project Implementing Entity shall also obtain rights adequate to protect its interests and those of the Association, including the right to: suspend or terminate the right of the relevant Participating Utility or Participating Municipality to use the proceeds of the Subsidiary Credit, or obtain a refund of all or any part of the amount of the Subsidiary Credit then withdrawn, upon the failure of the relevant Participating Utility or Participating Municipality to perform any of its obligations under the Subsidiary Financing Agreement; and
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. 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 Borrower shall ensure that, except as the undertakes that, unless the Association shall otherwise agree, Sub-Projects shall be 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.
Sub-projects. (a) The Borrower, through DAPR-ACCIÓN SOCIAL, shall enter into separate agreements or update existing separate agreements (the Subsidiary Agreements), on terms and conditions satisfactory to the Bank, with each Partner Organization, whereby:
(i) the Borrower, through DAPR-ACCIÓN SOCIAL, shall transfer, on a grant basis to each Partner Organization the proceeds of the Loan allocated to Parts A, B and C.2 of the Project;
(ii) the Partner Organization shall: carry out, or assist the Borrower (through DAPR-ACCIÓN SOCIAL) in carrying out Parts A, B and C.2 of the Project; assist the Borrower (through DAPR-ACCIÓN SOCIAL) to allow full compliance with the obligations set forth in Section I.B.1 of this Schedule; maintain records and accounts, in a manner acceptable to the Bank (including any other information and/or documentation as the Bank may request from time to time) regarding Parts A, B and C.2 of the Project to enable the Borrower to comply with its obligations under Section II of this Schedule; participate in annual reviews of the Project; procure the goods, works and services for the Project in accordance with the requirements of this Agreement; and abide by all applicable Project provisions laid out in this agreement, including the Anti-corruption Guidelines applicable to recipients of loan proceeds other than the Borrower;
(iii) the Borrower, through DAPR-ACCIÓN SOCIAL, shall cause each Partner Organization to enter into an agreement or amend an existing agreement (the Investment Subproject Agreement) with each Beneficiary Entity on terms and conditions satisfactory to the Bank, including, inter alia: the obligation of each Beneficiary Entity to assist the Borrower (through DAPR-ACCIÓN SOCIAL) and/or each Partner Organization in the implementation of Part A of the Project; the obligation of each Partner Organization to provide or cause to be provided, in a timely manner as needed, its share of the funds, goods and/or services required for implementing Part A of the Project; the obligation of each Partner Organization to assist each Beneficiary Entity in carrying out Part A of the Project; the obligation of each Beneficiary Entity to follow the Global Operational Plan and to follow the provisions of the Operational Manual; the obligation of each Beneficiary Entity to assist each Partner Organization and/or the Borrower (acting through DAPR-ACCIÓN SOCIAL) to allow full compliance with the obligations set forth in Section I.B.1 of this Schedule; the obliga...
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.
