Terms and Conditions of the Sub-grant Agreement Sample Clauses

Terms and Conditions of the Sub-grant Agreement. 1. In the financing of each Sub-project, the Recipient shall enter into a Sub-grant Agreement with the selected SAIP concerned under terms and conditions established by the Steering Committee, which shall include the following: (a) the financing shall be on a grant basis; (b) the requirement that the goods, works and services to be financed out of the proceeds of each initiative be procured in conformity with Section III of Schedule 2 to this Agreement; (c) the requirement that the Project is carried out in accordance with the provisions of the Anti-Corruption Guidelines; (d) the right of the Recipient to inspect by itself or jointly with XXX the premises thereof, and any record or relevant document of the Sub-project; (e) the right of the Recipient to suspend or terminate the right of the SAIP to use the proceeds of the Grant for Sub-projects upon failure by the SAIP to perform any of its obligations under the initiative Sub-grant Agreement; (f) the obligation of each SAIP to carry out the respective initiative with due diligence and efficiency; and (g) the obligation of each SAIP to maintain adequate records to reflect, in accordance with sound accounting practices, the operations, resources and expenditures in respect of the relevant activities.
Sample 1
Terms and Conditions of the Sub-grant Agreement. Each Sub-grant Agreement shall include, inter alia, the following terms and conditions satisfactory to the Association: 1. Each Applicant, Sponsor and Sub-project Implementing Agency shall be required to carry out and operate their corresponding Sub-project(s) with due diligence and efficiency, and in accordance with sound administrative, economic, engineering, financial, managerial and environmental standards and practices. 2. Each Applicant, Sponsor and Sub-project Implementing Agency shall have the obligation to ensure at all times that: (a) the goods, works and consultants’ services to be financed out of the proceeds of the Credit shall be procured in accordance with the provisions of Schedule 3 to this Agreement; and (b) such goods, works and consultants’ services shall be used exclusively for implementing Sub-projects and achieving the objectives of the Project. 3. The corresponding Sub-project shall be carried out entirely on public land, and at all times the ownership of the goods, works and services thereunder shall remain in the Borrower’s public domain or otherwise revert to the Borrower. 4. The SFKC shall have the right to inspect, by itself or jointly with representatives of the Association and/or the Borrower, if the Association shall so request, the goods, works and services included in the Sub-project, the operation thereof and any relevant records and documents and obtain any report in connection therewith, of such scope and in such detail as the Association shall reasonably request. 5. Each Applicant, Sponsor and Sub-project Implementing Agency shall take out and maintain with responsible insurers, or make other satisfactory provision for, insurance against such risks and in such amounts as shall be consistent with appropriate business practices. 6. The SFKC shall have the right to obtain all such information as the Association shall reasonably request relating to the foregoing, and to the administration, operations and financial condition of each Applicant, Sponsor and Sub-project Implementing Agency, and to the benefits derived from the Sub-projects. 7. The right of any Applicant, Sponsor and Sub-project Implementing Agency to the use of the proceeds of the Credit, or any part thereof, shall be promptly suspended upon failure by such Applicant, Sponsor or Sub-project Implementing Agency to perform any of its respective obligations under the Sub-grant Agreement.
Sample 1

Related to Terms and Conditions of the Sub-grant Agreement

  • of the Standard Terms and Conditions of Trust The Portfolio Supervisor may employ one or more sub- Portfolio Supervisors to assist in performing the services set forth in this Section 4.05 and shall not be answerable for the default of any such sub-Portfolio Supervisors if such sub-Portfolio Supervisors shall have been selected with reasonable care, provided, however, that the Portfolio Supervisor will indemnify and hold the Trust harmless from and against any loss occurring as a result of a sub- Portfolio Supervisor's willful misfeasance, reckless disregard, bad faith, or gross negligence in performing supervisory duties. The fees and expenses charged by such sub-Portfolio Supervisors shall be paid by the Portfolio Supervisor out of proceeds received by the Portfolio Supervisor in accordance with Section 4.03 hereof."

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • General Terms and Conditions of the Notes Section 201.

  • TERMS AND CONDITIONS OF AGREEMENT INSURANCE REQUIREMENTS: During the term of this Agreement, consultant/contractor shall maintain insurance documentation per the limits and requirements outlined:

  • TERMS AND CONDITIONS OF THE NOTES The Notes shall be governed by all the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the Notes:

  • Additional Terms and Conditions of Award NONTRANSFERABILITY OF SHARES. Prior to the date on which Shares subject to this Award vest pursuant to Section 3 hereof, such Shares may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Any such attempted sale, transfer, assignment, pledge, hypothecation or encumbrance, or other disposition of such Shares shall be null and void.

  • Terms and Conditions of Award The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions:

  • Terms and Conditions of Use NASCAR shall have the right to use and sublicense PROMOTER’s Marks in connection with publicity, promotion or advertising of the Event and the NASCAR Sprint Cup Series, and the exploitation of Live Broadcast Rights and Ancillary Rights, provided, however, that NASCAR shall not, without the prior written consent of PROMOTER, use or sublicense the use of PROMOTER’s Marks on the branding of any retail package product, unless otherwise expressly permitted in this Agreement.