Common use of Subprojects Clause in Contracts

Subprojects. 1. The Borrower shall make Grants to Beneficiaries for Subprojects in accordance with eligibility criteria and procedures acceptable to the Bank as further detailed in the Project Operational Manual, including approval procedures to be followed by the Microcatchment Development Committee. 2. The Borrower shall, through SEAPPA, enter into Grant Agreements appropriate for the carrying out of Components 1 and 2 of the Project, such agreements to be made in accordance with terms of the respective draft set forth in model forms approved by the Bank and included in the Project Operational Manual, in which the Borrower shall obtain rights adequate to protect its interests and those of the Bank, including the right to: (1) suspend or terminate the right of Beneficiaries to use the proceeds of the Grant, or obtain a refund of all or any part of the amount of the Grant then withdrawn, upon the Beneficiaries’ failure to perform any of its obligations under the Grant Agreement; and (2) require each Beneficiary to: (a) carry out its Subproject with due diligence and efficiency and in accordance with sound technical, agricultural, 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, the Project Operational Manual, the Environmental Management Framework and the Involuntary Resettlement Framework; (b) provide, promptly as needed, the resources required for the purpose; (c) procure the goods, works and services to be financed out of the Grant in accordance with the provisions of this Agreement; (d) maintain procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Bank, the progress of the Subproject and the achievement of its objectives; (e) (i) maintain a simplified financial management system and records in accordance with consistently applied accounting standards acceptable to the Bank for community driven initiatives, both in a manner adequate to reflect the operations, resources and expenditures related to the Subproject; and (ii) at the Bank’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 and the Bank to inspect the Subproject, its operation and any relevant records and documents; and (g) prepare and furnish to the Project Implementation Unit and the Bank all such information as the Borrower or the Bank shall reasonably request relating to the foregoing. 3. The Borrower shall cause SEAPPA to exercise its rights under each Grant Agreement in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall ensure that SEAPPA not assign, amend, abrogate or waive any Grant Agreement or any of its provisions.

Appears in 1 contract

Samples: Loan Agreement

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Subprojects. 1. The Borrower shall make Grants to Beneficiaries (Small Farmers, Municipalities and Organizations) for Subprojects (Farmers’ Business Initiatives, Infrastructure Subprojects and Environmental Subprojects) in accordance with eligibility criteria and procedures acceptable to the Bank as further detailed in the Project Operational Manual, including approval procedures to be followed by the Microcatchment Development Committee. 2. The Borrower shall, through SEAPPAthe Project Management Unit, enter into Grant Agreements appropriate for the carrying out of Components 1 and 2 of the ProjectSubprojects, such agreements to be made in accordance with terms of the respective draft set forth in model forms approved by the Bank and included in the Project Operational Manual, in which the Borrower shall obtain rights adequate to protect its interests and those of the Bank, including the right to: (1) suspend or terminate the right of Beneficiaries to use the proceeds of the Grant, or obtain a refund of all or any part of the amount of the Grant then withdrawn, upon the Beneficiaries’ failure to perform any of its obligations under the Grant Agreement; and (2) require each Beneficiary Beneficiaries to: (a) carry out its Subproject their Subprojects with due diligence and efficiency and in accordance with sound technical, agricultural, 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, the Project Operational ManualEnvironmental Management Framework, the Environmental Management Involuntary Resettlement Framework and the Involuntary Resettlement Indigenous Peoples Planning Framework; (b) provide, promptly as needed, the resources required for the purpose; (c) procure the goods, works and services to be financed out of the Grant in accordance with the provisions of this Agreement; (d) maintain procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Bank, the progress of the Subproject Subprojects and the achievement of its their objectives; (e) (i) maintain a simplified financial management system and records in accordance with consistently applied accounting standards acceptable to the Bank for community driven initiatives, both in a manner adequate to reflect the operations, resources and expenditures related to the SubprojectSubprojects; and (ii) at the Bank’s or the Borrower’s request, have such the resulting 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 Project Management Unit and the Bank to inspect the SubprojectSubprojects, its their operation and any relevant records and documents; and (g) prepare and furnish to the Project Implementation Management Unit and the Bank all such information as the Borrower Borrower, the Project Management Unit or the Bank shall reasonably request relating to the foregoing. 3. The Borrower shall cause SEAPPA the Project Management Unit to exercise its rights under each Grant Agreement in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall ensure that SEAPPA the Project Management Unit not assign, amend, abrogate or waive any Grant Agreement or any of its provisions. 4. The Borrower shall furnish to the Bank for its prior review and approval the first two Farmers’ Business Initiatives, the first two Infrastructure Subprojects and the first two Environmental Subprojects.

Appears in 1 contract

Samples: Loan Agreement

Subprojects. 1. The Borrower shall make Grants to Beneficiaries (Small Farmers, Municipalities and Organizations) for Subprojects (Farmers’ Business Initiatives, Infrastructure Subprojects and Environmental Subprojects) in accordance with eligibility criteria and procedures acceptable to the Bank as further detailed in the Project Operational Manual, including approval procedures to be followed by the Microcatchment Development Committee. 2. The Borrower shall, through SEAPPAthe Project Management Unit, enter into Grant Agreements appropriate for the carrying out of Components 1 and 2 of the ProjectSubprojects, such agreements to be made in accordance with terms of the respective draft set forth in model forms approved by the Bank and included in the Project Operational Manual, in which the Borrower shall obtain rights adequate to protect its interests and those of the Bank, including the right to: (1) suspend or terminate the right of Beneficiaries to use the proceeds of the Grant, or obtain a refund of all or any part of the amount of the Grant then withdrawn, upon the Beneficiaries’ failure to perform any of its obligations under the Grant Agreement; and (2) require each Beneficiary to: (a) carry out its Subproject with due diligence and efficiency and in accordance with sound technical, agricultural, 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, the Project Operational Manual, the Environmental Management Framework and the Involuntary Resettlement Framework; (b) provide, promptly as needed, the resources required for the purpose; (c) procure the goods, works and services to be financed out of the Grant in accordance with the provisions of this Agreement; (d) maintain procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Bank, the progress of the Subproject and the achievement of its objectives; (e) (i) maintain a simplified financial management system and records in accordance with consistently applied accounting standards acceptable to the Bank for community driven initiatives, both in a manner adequate to reflect the operations, resources and expenditures related to the SubprojectSubprojects; and (ii) at the Bank’s or the Borrower’s request, have such the resulting 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 Project Management Unit and the Bank to inspect the SubprojectSubprojects, its their operation and any relevant records and documents; and (g) prepare and furnish to the Project Implementation Management Unit and the Bank all such information as the Borrower Borrower, the Project Management Unit or the Bank shall reasonably request relating to the foregoing. 3. The Borrower shall cause SEAPPA the Project Management Unit to exercise its rights under each Grant Agreement in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall ensure that SEAPPA the Project Management Unit not assign, amend, abrogate or waive any Grant Agreement or any of its provisions. 4. The Borrower shall furnish to the Bank for its prior review and approval the first two Farmers’ Business Initiatives, the first two Infrastructure Subprojects and the first two Environmental Subprojects.

Appears in 1 contract

Samples: Loan Agreement

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Subprojects. 1. The Borrower Recipient shall make Grants continue to cause BMPAD to enter into agreements, (the Sub-grant Agreements) satisfactory to the Association, for the preparation and implementation by Beneficiaries for Subprojects of the Subprojects, in accordance with eligibility criteria and procedures acceptable to the Bank as further detailed set forth in the Project Current Operational Manual, including approval procedures to be followed by Manual which include the Microcatchment Development Committee.following; 2. The Borrower shall, through SEAPPA, enter into Grant Agreements appropriate for (a) the transfer of financial resources under the Sub-grant Agreement on a non reimbursable basis; (b) the carrying out of Components 1 and 2 selected risk reduction activities in the context of the ProjectCurrent Emergency and the development of mitigation activities, such agreements to be made in accordance with terms including inter alia, rehabilitation of infrastructure, early warning systems, retention walls, terracing, drainage works, pilot reforestation projects and shelter retrofitting; (c) the respective draft set forth in model forms approved by the Bank and included in the Project Operational Manual, in which the Borrower shall obtain securing of rights adequate to protect its the interests of the Recipient and those of the BankAssociation, including the right to: (1) to suspend or terminate the right of Beneficiaries a Beneficiary to use the proceeds of the Grant, a Sub-grant or obtain a refund of all or any part of the amount of the Grant then withdrawn, it upon the Beneficiaries’ Beneficiary’s failure to perform any of its obligations under the Grant Sub-grant Agreement; and ; (2d) require the requirement that each Beneficiary to: Beneficiary: (ai) carry out its the relevant Subproject with due diligence and efficiency and in accordance with sound technical, agricultural, economic, financial, managerial, environmental and social standards and practices satisfactory to the BankAssociation, including in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of Loan financial proceeds other than the Borrower, the Project Operational Manual, the Environmental Management Framework and the Involuntary Resettlement Framework; Recipient; (bii) provide, promptly as needed, the resources required for the purpose; ; (ciii) procure the goods, works and services to be financed out of the Grant Sub-grant in accordance with the provisions of this Agreement; ; (div) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the BankAssociation, the progress of the Subproject and the achievement of its objectives; (e); (iA) maintain a simplified financial management system and records prepare financial statements in accordance with consistently applied accounting standards acceptable to the Bank for community driven initiativesAssociation, both in a manner adequate to reflect the operations, resources and expenditures related to the relevant Subproject; and (iiB) at the BankAssociation’s or the BorrowerRecipient’s request, have such financial statements audited by independent auditors acceptable to the BankAssociation, in accordance with consistently applied auditing standards acceptable to the BankAssociation, and promptly furnish the statements as so audited to the Borrower Recipient and the Bank; Association; (fvi) enable the Borrower Recipient and the Bank Association to inspect the relevant Subproject, its operation and any relevant records and documents; and and (gvii) prepare and furnish to the Project Implementation Unit Recipient and the Bank Association all such information as the Borrower Recipient or the Bank Association shall reasonably request relating to the foregoing. 3. The Borrower shall cause SEAPPA to exercise its rights under each Grant Agreement in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall ensure that SEAPPA not assign, amend, abrogate or waive any Grant Agreement or any of its provisions.

Appears in 1 contract

Samples: Financing Agreement

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