Subprojects and Grants Sample Clauses
Subprojects and Grants. 1. Subprojects shall be selected in accordance with the procedures, guidelines, eligibility criteria and other provisions set forth in detail in the PIM and outlined hereunder. The SPAC shall submit summaries of all subprojects to the Association. Subprojects shall be implemented with due diligence and efficiency and in accordance with sound administrative, educational, financial, technical, environmental and social practices.
2. The Project Implementing Entity shall cause the SPAC to provide Grants to Beneficiaries in accordance with the eligibility criteria and the terms and conditions set forth in the PIM which shall include the following:
(a) the SPAC shall obtain rights adequate to protect its interests and the interests of the Project Implementing Entity and those of the Recipient and the Association, including the right to suspend or terminate the right of the Beneficiary to use the proceeds of the Grant and obtain a refund of all or any part of the amount of the Grant then withdrawn, upon the Beneficiary’s failure to perform any of its obligations under the Grant Agreement;
(b) the SPAC shall require each Beneficiary to: (i) carry out Subproject activities with due diligence and efficiency and in accordance with sound administrative, economic, financial, educational, technical, 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 the proceeds of the Credit other than the Recipient; (ii) provide, promptly as needed, the resources required for the purpose; (iii) procure the goods, works and services to be financed out of the Grant in accordance with the provisions of this Agreement; and (iv) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Association, the progress of the Subproject activities and the achievement of its objectives; and
(c) the SPAC shall require each Beneficiary to: (i) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association, both in a manner adequate to reflect the operations, resources and expenditures related to the Subproject activities; (ii) at the Association’s or the Recipient’s request, have such financial statements audited by independent auditors acceptable to the Association, in accordance with consistently ...
Subprojects and Grants. The Borrower shall enter into agreements satisfactory to the Association for the making of grants to Beneficiaries. The terms and conditions of each Grant Agreement shall inter alia:
Subprojects and Grants. 1. Subprojects shall be selected in accordance with the procedures, guidelines, eligibility criteria and other provisions set forth in detail in the PIM and outlined hereunder. NACA and SACAs shall submit summaries of all Subprojects to the Association for prior approval. Subprojects shall be implemented with due diligence and efficiency and in accordance with sound administrative, health, financial, technical, environmental and social practices, including, without limitation, the requirements of the ESMF, any EMPs and the MWMP.
2. The Recipient shall cause NACA and SACAs to provide Grants to Beneficiaries in accordance with the eligibility criteria and the terms and conditions set forth in the PIM and in a Grant Agreement, satisfactory to the Association, to be entered into between NACA at the Federal, or SACAs at the State level, and the Beneficiary, which shall include, inter alia, the following:
(a) NACA or SACA shall obtain rights adequate to protect its interests and the interests of the Participating State and those of the Recipient and the Association, including the right to suspend or terminate the right of the Beneficiary to use the proceeds of the Grant and obtain a refund of all or any part of the amount of the Grant then withdrawn, upon the Beneficiary’s failure to perform any of its obligations under the Grant Agreement;
(b) NACA or SACA shall require each Beneficiary to: (i) carry out Subproject activities with due diligence and efficiency and in accordance with sound administrative, economic, financial, health, technical, managerial, environmental and social standards and practices, satisfactory to the Association, including in accordance with the provisions of the ESMF, any EMP and the MWMP, as well as the Anti-Corruption Guidelines applicable to recipients of the proceeds of the Credit other than the Recipient;
Subprojects and Grants. (a) The persons, entities or institutions to be responsible for the operation and maintenance of Subprojects shall include CBOs, NGOs, private sector entities, including religious bodies, and research institutions.
(b) The matters to be considered in the approval of Subproject community related proposals for Grants shall include the following:
(i) there must be clear evidence that the Subproject has been identified by the community concerned, after an examination by the said community of HIV/AIDS related problems; and
(ii) the Subproject proposal must recommend solutions to identified priority HIV/AIDS related problems and clearly show evidence of widespread support within the community concerned for the recommended solutions.
Subprojects and Grants. In implementing Part C of the Project, the Recipient shall ensure that Subproject proposals fully satisfy the criteria specified in the Operational Manual for Grant financing and the principles outlined in the Results-Based Framework which shall inter alia include the following;