Subprojects. 1. Without limitation upon the provisions of parts B and C of this Section, the Borrower, through MARENASS, shall monitor the activities of the Subprojects in accordance with the provisions of this paragraph and those of the Operational Manual that include, inter alia: (a) the administrative rules and procedures for the planning, preparing, proposing, selecting, contracting, financing, implementing, supervising, monitoring and evaluating Subprojects; (b) an indigenous peoples’ framework setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in the implementation of the Project, as well as for planning, preparation and proposals of Subprojects; (c) the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have a negative environmental impact; and (d) the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used in the carrying out of Subprojects. 2. The Borrower, through MARENASS, shall furnish to the Bank, along with each Loan withdrawal application, a list of the respective Subprojects for which it is seeking reimbursement. 3. The Subprojects shall be carried out pursuant to an agreement (the Subproject Agreement), to be concluded between the Borrower, through MARENASS and the Subproject beneficiary (ies) under terms and conditions described in the Operational Manual, which shall include, inter alia, the following: (a) a copy of the approved activity with its budget, pre-investment study, disbursement and performance indicators; (b) the obligation of the Subproject beneficiary(ies) to: (i) carry out the activities with due diligence and efficiency and in accordance with sound administrative, financial, agricultural, social, natural and environmental standards and in accordance with the provisions of the Operational Manual; (ii) maintain adequate records to reflect, in accordance with simple and sound accounting practices defined in the Operational Manual, the operations, resources and expenditures in respect of the Subproject; (iii) maintain adequate reporting in accordance with the standards specified in the Operational Manual; and (iv) make a contribution in kind or/and in cash as defined in the Operation Manual; (c) the requirement that: (i) the goods, works and services to be financed from the proceeds of the Project shall be procured in accordance with the procedures set forth in this Agreement and in the Procurement Plan; and
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Subprojects. 1. (a) Without limitation upon the provisions of parts B and C paragraph 1 of this SectionSchedule, the Borrower, through MARENASSINCAGRO-PMU, shall monitor the activities of the Subprojects in accordance with the provisions of this paragraph paragraph, the Project Operational Manual and those of the Subproject Operational Manual that include, inter alia:
(a) : the administrative rules and procedures for the planning, preparing, proposing, selectingselecting (on a competitive basis, and following a process of peer review), contracting, financing, implementing, supervising, monitoring and evaluating Subprojects;
(b) ; the eligibility rules for Beneficiaries; a model form of a Subproject Agreement; an indigenous peoples’ framework action plan setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in the implementation of the Project, as well as gender-specific plans for planning, preparation and proposals of Subprojects;
(c) ; the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have a negative environmental impactimpact such as in particular, use of any pesticides, increase in deforestation, pollution of groundwater, negative impacts on endangered species, increase in pesticides in food, increase in soil erosion, impact on parks and protected areas, and encroachment on natural habitats; and
(d) and the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used in the carrying out of Subprojects.
2. (b) The Borrower, through MARENASSINCAGRO-PMU, shall shall, prior to the submission of the Loan withdrawal application for the respective activity to be financed through a Subproject Grant, furnish to the BankBank a report confirming that the respective Subproject Agreement has been executed, along with each Loan withdrawal application, a list indicating the name of the respective Subprojects for which it is seeking reimbursementBeneficiary and detailing how the selection was conducted.
3. (c) The Subproject Grants shall be requested by a Beneficiary up to an aggregate amount specified for each selection process in accordance with the Project Operational Manual and shall be used solely for the purposes of the activities of the Project.
(d) The Subprojects shall be carried out pursuant to an agreement (the Subproject Agreement)agreement, to be concluded between the Borrower, Borrower (through MARENASS INCAGRO-PMU) and the Subproject beneficiary (ies) Beneficiary under terms and conditions described in more details in the Subproject Operational Manual, Manual and which shall include, inter alia, include the following:
(ai) a copy of the approved activity with its budget, pre-investment its feasibility study, its disbursement and its performance indicators;
(bii) provisions requiring the financing to be made on a partial grant basis;
(iii) the obligation of the Subproject beneficiary(ies) Beneficiary to: (iA) carry out the activities with due diligence and efficiency and in accordance with sound administrative, financial, agricultural, social, natural and environmental standards and in accordance with the provisions of the Subproject Operational Manual; (iiB) maintain adequate records to reflect, in accordance with simple and sound accounting practices defined in the Subproject Operational Manual, the operations, the resources and expenditures in respect of the SubprojectSubproject Grant; (iiiC) maintain adequate reporting in accordance with the standards specified in the Subproject Operational Manual; and (ivD) make a contribution in kind or/and in cash as defined in the Subproject Operation Manual;
(civ) the requirement that: (iA) the goods, works and services to be financed from the proceeds of the Project Subproject Grants shall be procured in accordance with the procedures set forth in Schedule 4 to this Agreement Agreement; and (B) such goods works and services shall be used exclusively in the Procurement Plancarrying out of the activities financed by the Subproject Grant;
(v) the right of the INCAGRO-PMU to inspect, by itself or jointly with the MOA and the Bank, if the Bank shall so request, the goods, works, sites, plants and construction included in the activities financed by the Subprojects, the operations thereof and any relevant records and documents;
(vi) the right of the INCAGRO-PMU to obtain all information as the MOA or the Bank shall reasonably request regarding the administration, operations and financial conditions of the activities financed by the Subprojects; and
Appears in 1 contract
Samples: Loan Agreement
Subprojects. 1. Without limitation upon the provisions of parts B and C of this Section, the Borrower, through MARENASS, No Subproject shall monitor the activities be eligible for financing out of the Subprojects proceeds of the Financing unless such Subproject has been prepared, approved and implemented in accordance with the provisions of criteria, guidelines and procedures set forth in the Project Operations Manual, and with terms set forth in this paragraph and those Agreement.
2. Prior to each eligible Subproject for which the Recipient has decided to make available to an eligible HEI either a Partnership Payment under Part 1.1.2(b) of the Operational Manual that Project, or a Research Payment under Part 2.2(b) of the Project, the Recipient shall enter into or cause to be entered into a Partnership Agreement or a Research Agreement respectively, with the competitively selected HEI, on terms and conditions satisfactory to the Association, which shall include, inter alia:
(a) the administrative rules and procedures for the planning, preparing, proposing, selecting, contracting, financing, implementing, supervising, monitoring and evaluating Subprojects;
(b) an indigenous peoples’ framework setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in the implementation of the Project, as well as for planning, preparation and proposals of Subprojects;
(c) the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have a negative environmental impact; and
(d) the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used in the carrying out of Subprojects.
2. The Borrower, through MARENASS, shall furnish to the Bank, along with each Loan withdrawal application, a list of the respective Subprojects for which it is seeking reimbursement.
3. The Subprojects shall be carried out pursuant to an agreement (the Subproject Agreement), to be concluded between the Borrower, through MARENASS and the Subproject beneficiary (ies) under terms and conditions described in the Operational Manual, which shall include, inter alia, the followingfollowing requirements:
(a) a copy of the approved activity with its budget, pre-investment study, disbursement and performance indicators;
(b) the obligation of the Subproject beneficiary(ies) to: (i) for each eligible HEI to carry out the activities its Subproject with due diligence and efficiency and in accordance with sound administrativetechnical, economic, financial, agriculturalmanagerial, social, natural environmental and environmental social standards and practices satisfactory to the Association, in accordance full compliance with the provisions of the Operational Project Operations Manual; , the ESCP (including the management tools and instruments referred to therein) and the Anti-Corruption Guidelines applicable to recipients of Financing proceeds other than the Recipient;
(ii) maintain adequate records for each eligible HEI to reflectprovide, in accordance with simple and sound accounting practices defined in the Operational Manualpromptly as needed, the operationsresources (including bonuses, resources fees and expenditures in respect honoraria or equivalent payments of academic staff providing mentoring support, if needed) required for the purpose of the Subproject; ;
(iii) maintain adequate reporting in accordance with the standards specified in the Operational Manual; and (iv) make a contribution in kind or/and in cash as defined in the Operation Manual;
(c) the requirement that: (i) for each eligible HEI to procure the goods, works and services to be financed from out of the Partnership Payments/Research Payments in accordance with the provisions of the Procurement Regulations and as further specified in the Project Operations Manual;
(iv) for each eligible HEI to maintain a financial management system and adequate records to reflect, in accordance with sound accounting practices acceptable to the Association, the operations, resources and expenditures relating to the Subproject;
(v) to enable the Recipient and/or the Association to inspect the Subproject, its operation and any relevant records and documents and have HEI’s financial statements audited by independent auditors acceptable to the Association; and
(vi) for each eligible HEI to prepare and furnish to the Recipient and the Association all such information as the Recipient or the Association shall reasonably request relating to the foregoing;
(b) the obligation for the Recipient, through MoEYS and DGHE, to ensure:
(i) the carrying out of technical reviews of Subprojects during Project implementation, particularly focused on the compliance with the verification mechanisms included in the Project Operations Manual;
(ii) the carrying out of periodic verification exercises of Partnership Payments and Research Payments in accordance with the provisions of the Project Operations Manual; and
(iii) the provision of a report of such scope and in such detail as the Association shall reasonably request prior to the payment of any proceeds of any Partnership Payments and Research Payments; and
(c) adequate provisions to protect the Recipient’s interests and the interests of the Association, including the right to suspend or terminate the right of the HEI to use the proceeds of the Project Partnership Payment or a Research Payment, and the right to obtain a refund of all or any part of the amount of the Partnership Payment or a Research Payment then withdrawn, upon the HEI’s failure to perform any of its obligations under the Partnership Agreement or a Research Agreement respectively.
3. No Subproject shall be procured in accordance with the procedures eligible for financing unless a Partnership Agreement or a Research Agreement has been concluded to this effect on terms and conditions set forth in this Section D and the Project Operations Manual, in form and substance satisfactory to the Association.
4. The Recipient shall exercise its rights under each Partnership Agreement or a Research Agreement in such manner as to protect the interests of the Recipient and in the Procurement Plan; andAssociation and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive any Partnership Agreement or a Research Agreement or any of its provisions.
Appears in 1 contract
Samples: Financing Agreement
Subprojects. 1. Without limitation upon the provisions of parts B and C of this Section(a) Prior to carrying out each Subproject, the BorrowerRecipient, through MARENASS, SEFIN shall monitor the activities of the Subprojects in accordance enter into an agreement (a Subproject Agreement) with the provisions of this paragraph respective Eligible Municipality, under terms and those of conditions satisfactory to the Operational Manual that Association, which shall include, inter alia:
(ai) the administrative rules provision to the Eligible Municipality of the facilities, services and procedures for other resources required to enable the planning, preparing, proposing, selecting, contracting, financing, implementing, supervising, monitoring and evaluating SubprojectsEligible Municipality to participate in the respective Subproject;
(bii) an indigenous peoples’ framework setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in the implementation obligation of the Project, as well as for planning, preparation and proposals of Subprojects;
Eligible Municipality to: (cA) the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have a negative environmental impact; and
(d) the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used cooperate in the carrying out of Subprojects.
2. The Borrower, through MARENASS, shall furnish to the Bank, along with each Loan withdrawal application, a list of the respective Subprojects for which it is seeking reimbursement.
3. The Subprojects shall be carried out pursuant to an agreement (the Subproject Agreement), to be concluded between the Borrower, through MARENASS and the Subproject beneficiary (ies) under terms and conditions described in the Operational Manual, which shall include, inter alia, the following:
(a) a copy of the approved activity with its budget, pre-investment study, disbursement and performance indicators;
(b) the obligation of the Subproject beneficiary(ies) to: (i) carry out the activities with due diligence and efficiency and in accordance with sound administrativetechnical, economic, financial, agriculturalmanagerial, social, natural environmental and environmental social standards and practices satisfactory to the Association, including in accordance with the Operational Manual, and the provisions of the Anti-Corruption Guidelines applicable to
(1) if the Eligible Municipality meets the capacity requirements set forth in the Operational Manual, conduct the procurement processes for all goods, works, and services to be financed out of the Credit in accordance with the provisions of this Agreement, and direct the Operational Manual; (ii) maintain adequate records UAP to reflectexecute, in accordance jointly with simple and sound accounting practices defined in the Operational Manualit, the operationsresulting contracts; and
(2) if the Eligible Municipality does not meet such capacity requirements, resources and expenditures in respect of the Subproject; (iii) maintain adequate reporting in accordance cooperate with the standards specified in the Operational Manual; and (iv) make a contribution in kind or/and in cash as defined in the Operation Manual;
(c) the requirement that: (i) the UAP to ensure that all goods, works and services to be financed out of the Credit are procured 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 Subproject and the achievement of its objectives; (E) enable the Recipient and the Association to inspect the Subproject, its operation and any relevant records and documents; and (F) prepare and furnish to the Recipient and the Association all such information as the Recipient or the Association shall reasonably request relating to the foregoing, including without limitation the information required by the Recipient to comply with its obligations under Section II.B of this Schedule; and
(iii) the right of the Recipient to suspend or terminate the right of the Eligible Municipality to participate in the Subproject and/or to benefit from the proceeds of the Project Credit, upon the Eligible Municipality’s failure to perform any of its obligations under the respective Subproject Agreement.
(b) The Recipient shall be procured exercise its rights under the each Subproject Agreement in accordance with such manner as to protect the procedures set forth in this interests of the Recipient and the Association and to accomplish the purposes of the Credit, and, except as the Association shall otherwise agree, not to assign, amend, terminate, abrogate, waive or fail to enforce any Subproject Agreement and in the Procurement Plan; andor any provision thereof.
Appears in 1 contract
Samples: Financing Agreement
Subprojects. 1. Without limitation upon the provisions of parts B and C of this Section, the Borrower, through MARENASS, shall monitor the activities of the Subprojects in accordance with the provisions of this paragraph and those of the Operational Manual that include, inter alia:
(a) the administrative rules and procedures for the planning, preparing, proposing, selecting, contracting, financing, implementing, supervising, monitoring and evaluating Subprojects;
(b) an indigenous peoples’ framework setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in For the implementation of Part 2 of the Project, as well as for planning, preparation and proposals of Subprojects;
(c) the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have Project Implementing Entity shall make a negative environmental impact; and
(d) the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used in the carrying out of Subprojects.
2. The Borrower, through MARENASS, shall furnish to the Bank, along with each Loan withdrawal application, a list of the respective Subprojects for which it is seeking reimbursement.
3. The Subprojects shall be carried out pursuant to Subgrant under an agreement (the Subproject “Subgrant Agreement), ”) to be concluded between the Borrower, through MARENASS and the Subproject beneficiary (ies) under entered into with each eligible Beneficiary on terms and conditions described in approved by the Operational ManualAssociation, which shall include, inter alia, include the following:
(a) a copy The Project Implementing Entity shall obtain rights adequate to protect its interests and those of the approved activity with Association, including the right to:
(i) suspend or terminate the right of the corresponding Beneficiary to use the proceeds of the Subgrant, or obtain a refund of all or any part of the amount of the Subgrant then withdrawn, upon the Beneficiary’s failure to perform any of its budget, pre-investment study, disbursement and performance indicatorsobligations under the respective Subgrant Agreement;
(bii) the obligation of the Subproject beneficiary(ies) require each eligible Beneficiary to: (iA) carry out the activities its Subproject with due diligence and efficiency and in accordance with sound administrativetechnical, economic, financial, agriculturalmanagerial, social, natural environmental and environmental social standards and practices satisfactory to the Association, including in accordance with the provisions of Safeguard Instruments and the Operational ManualAnti-Corruption Guidelines; (iiB) maintain adequate records provide, promptly as needed, the resources required for the purpose; (C) procure the goods, works and services, to reflect, be financed by the Subgrant in accordance with simple the Project Manuals and sound the provisions of this Agreement;
(iii) 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 and the achievement of their objectives;
(iv) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting practices defined standards acceptable to the Association, both in the Operational Manual, a manner adequate to reflect the operations, resources and expenditures in respect of related to the Subproject; ;
(iiiv) maintain adequate reporting 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 applied auditing standards acceptable to the standards specified in Association, and promptly furnish the Operational Manual; statements as so audited to the Recipient and (iv) make a contribution in kind or/and in cash as defined in the Operation ManualAssociation;
(cvi) enable the requirement that: Recipient and the Association to inspect the Subproject, its operation and any relevant records and documents; and
(ivii) prepare and furnish to the goodsRecipient and the Association, works all such information as the Recipient or the Association shall reasonably request relating to the foregoing.
2. The Project Implementing Entity shall exercise its rights and services carry out its obligations under each Subgrant Agreement in such manner as to be financed from protect the proceeds interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Project Implementing Entity shall be procured in accordance with the procedures set forth in this not assign, amend, abrogate, terminate, waive or fail to enforce any Subgrant Agreement and in the Procurement Plan; andor any of its provisions.
Appears in 1 contract
Samples: Project Agreement
Subprojects. 1. Without limitation upon the provisions of parts B and C of this Section(a) Prior to carrying out each Subproject, the BorrowerRecipient, through MARENASS, SEFIN shall monitor the activities of the Subprojects in accordance enter into an agreement (a Subproject Agreement) with the provisions of this paragraph respective Eligible Municipality, under terms and those of conditions satisfactory to the Operational Manual that Association, which shall include, inter alia:
(ai) the administrative rules provision to the Eligible Municipality of the facilities, services and procedures for other resources required to enable the planning, preparing, proposing, selecting, contracting, financing, implementing, supervising, monitoring and evaluating SubprojectsEligible Municipality to participate in the respective Subproject;
(bii) an indigenous peoples’ framework setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in the implementation obligation of the Project, as well as for planning, preparation and proposals of Subprojects;
Eligible Municipality to: (cA) the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have a negative environmental impact; and
(d) the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used cooperate in the carrying out of Subprojects.
2. The Borrower, through MARENASS, shall furnish to the Bank, along with each Loan withdrawal application, a list of the respective Subprojects for which it is seeking reimbursement.
3. The Subprojects shall be carried out pursuant to an agreement (the Subproject Agreement), to be concluded between the Borrower, through MARENASS and the Subproject beneficiary (ies) under terms and conditions described in the Operational Manual, which shall include, inter alia, the following:
(a) a copy of the approved activity with its budget, pre-investment study, disbursement and performance indicators;
(b) the obligation of the Subproject beneficiary(ies) to: (i) carry out the activities with due diligence and efficiency and in accordance with sound administrativetechnical, economic, financial, agriculturalmanagerial, social, natural environmental and environmental social standards and practices satisfactory to the Association, including in accordance with the Operational Manual, and the provisions of the Anti-Corruption Guidelines applicable to recipients of credit proceeds other than the Recipient; (B) provide or cause the WSS service providers to provide, as promptly as needed, the resources required for the purpose, including without limitation adequate human resources and the counterpart contribution required for each type of investment under a Subproject in the percentages set forth in the Operational Manual; (C)
(1) if the Eligible Municipality meets the capacity requirements set forth in the Operational Manual, conduct the procurement processes for all goods, works, and services to be financed out of the Credit in accordance with the provisions of this Agreement, and direct the Operational Manual; (ii) maintain adequate records UAP to reflectexecute, in accordance jointly with simple and sound accounting practices defined in the Operational Manualit, the operations, resources and expenditures in respect of the Subproject; (iii) maintain adequate reporting in accordance with the standards specified in the Operational Manualresulting contracts; and (iv2) make a contribution in kind or/and in cash as defined in if the Operation Manual;
(c) Eligible Municipality does not meet such capacity requirements, cooperate with the requirement that: (i) the UAP to ensure that all goods, works and services to be financed out of the Credit are procured 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 Subproject and the achievement of its objectives; (E) enable the Recipient and the Association to inspect the Subproject, its operation and any relevant records and documents; and (F) prepare and furnish to the Recipient and the Association all such information as the Recipient or the Association shall reasonably request relating to the foregoing, including without limitation the information required by the Recipient to comply with its obligations under Section II.B of this Schedule; and
(iii) the right of the Recipient to suspend or terminate the right of the Eligible Municipality to participate in the Subproject and/or to benefit from the proceeds of the Project Credit, upon the Eligible Municipality’s failure to perform any of its obligations under the respective Subproject Agreement.
(b) The Recipient shall be procured exercise its rights under the each Subproject Agreement in accordance with such manner as to protect the procedures set forth in this interests of the Recipient and the Association and to accomplish the purposes of the Credit, and, except as the Association shall otherwise agree, not to assign, amend, terminate, abrogate, waive or fail to enforce any Subproject Agreement and in the Procurement Plan; andor any provision thereof.
Appears in 1 contract
Samples: Financing Agreement
Subprojects. 1. (a) Without limitation upon the provisions of parts B and C paragraph 1 of this SectionSchedule, the Borrower, through MARENASSINCAGRO-PMU, shall monitor the activities of the Subprojects in accordance with the provisions of this paragraph paragraph, the Project Operational Manual and those of the Subproject Operational Manual that include, inter alia:
(ai) the administrative rules and procedures for the planning, preparing, proposing, selectingselecting (on a competitive basis, and following a process of peer review), contracting, financing, implementing, supervising, monitoring and evaluating Subprojects;
(bii) the eligibility rules for Beneficiaries;
(iii) a model form of a Subproject Agreement;
(iv) an indigenous peoples’ framework action plan setting forth the strategies, procedures, activities, and monitoring indicators addressing, in a culturally appropriate manner, indigenous peoples’ concerns in the implementation of the Project, as well as gender-specific plans for planning, preparation and proposals of Subprojects;
(cv) the environmental criteria for screening and selecting Subprojects, and mandatory safeguards and mitigation actions for any such Subprojects, which could possibly have a negative environmental impactimpact such as in particular, use of any pesticides, increase in deforestation, pollution of groundwater, negative impacts on endangered species, increase in pesticides in food, increase in soil erosion, impact on parks and protected areas, and encroachment on natural habitats; and
(dvi) the procedures related to the manufacturing, packaging, labeling, handling, storing, and disposal of any pesticides used in the carrying out of Subprojects.
2. (b) The Borrower, through MARENASSINCAGRO-PMU, shall shall, prior to the submission of the Loan withdrawal application for the respective activity to be financed through a Subproject Grant, furnish to the BankBank a report confirming that the respective Subproject Agreement has been executed, along with each Loan withdrawal application, a list indicating the name of the respective Subprojects for which it is seeking reimbursementBeneficiary and detailing how the selection was conducted.
3. (c) The Subproject Grants shall be requested by a Beneficiary up to an aggregate amount specified for each selection process in accordance with the Project Operational Manual and shall be used solely for the purposes of the activities of the Project.
(d) The Subprojects shall be carried out pursuant to an agreement (the Subproject Agreement)agreement, to be concluded between the Borrower, Borrower (through MARENASS INCAGRO-PMU) and the Subproject beneficiary (ies) Beneficiary under terms and conditions described in more details in the Subproject Operational Manual, Manual and which shall include, inter alia, include the following:
(ai) a copy of the approved activity with its budget, pre-investment its feasibility study, its disbursement and its performance indicators;
(bii) provisions requiring the financing to be made on a partial grant basis;
(iii) the obligation of the Subproject beneficiary(ies) Beneficiary to: (iA) carry out the activities with due diligence and efficiency and in accordance with sound administrative, financial, agricultural, social, natural and environmental standards and in accordance with the provisions of the Subproject Operational Manual; (iiB) maintain adequate records to reflect, in accordance with simple and sound accounting practices defined in the Subproject Operational Manual, the operations, the resources and expenditures in respect of the SubprojectSubproject Grant; (iiiC) maintain adequate reporting in accordance with the standards specified in the Subproject Operational Manual; and (ivD) make a contribution in kind or/and in cash as defined in the Subproject Operation Manual;
(civ) the requirement that: (iA) the goods, works and services to be financed from the proceeds of the Project Subproject Grants shall be procured in accordance with the procedures set forth in Schedule 4 to this Agreement Agreement; and (B) such goods works and services shall be used exclusively in the Procurement Plancarrying out of the activities financed by the Subproject Grant;
(v) the right of the INCAGRO-PMU to inspect, by itself or jointly with the MOA and the Bank, if the Bank shall so request, the goods, works, sites, plants and construction included in the activities financed by the Subprojects, the operations thereof and any relevant records and documents;
(vi) the right of the INCAGRO-PMU to obtain all information as the MOA or the Bank shall reasonably request regarding the administration, operations and financial conditions of the activities financed by the Subprojects; and
(vii) (A) the right of the INCAGRO-PMU to suspend and terminate the right of the Beneficiary to use the proceeds of the Subproject; and (B) the obligation of the Beneficiary to refund any used portion of the Subproject to the INCAGRO-PMU; upon failure by the Beneficiary to perform any of its obligations under its Subproject Agreement.
Appears in 1 contract
Samples: Loan Agreement
