TNCDW Government Order/Memorandum of Understanding (TNCDW GO/MOU) Sample Clauses

TNCDW Government Order/Memorandum of Understanding (TNCDW GO/MOU). The State and the Lead Programme Agency shall enter into a Government Order/Memorandum of Understanding (the “TNCDW GO/MOU”), which shall provide, among other things, that: (a) the State authorises the implementation of the Programme through TNCDW; Deleted: TNWS Deleted: m Deleted: u Deleted: TNWS Deleted: MOU (b) the State shall transfer Loan proceeds and other resources to the Lead Programme Agency for the purposes of implementing the Programme as follows: the State, through the Rural Development Department, shall release Loan and other resources to TNCDW on the basis of the AWPBs quarterly in advance. The first advance shall be made to the Programme Account within 90 days after the Effective Date and shall cover the first three months of Programme operations in accordance with the AWPB, and the second and subsequent advances shall be made as replenishments to the Programme Account on a quarterly basis Deleted: TNWS upon the submission by TNCDW to the State of a statement of expenditure relating to the previous advance wherein at least 60% of such previous advance shall be accounted for; (c) surplus Programme funds received and invested by the Lead Programme Agency shall be made available to the exclusive use of the Programme; (d) the procedures to be utilised for, inter alia, procurement and recruitment, budget preparation, operation of the Programme Account, release/flow of funds, accounting, audit and reporting obligations; and (e) the Lead Programme Agency shall declare its commitment to the goal and purposes of the Programme as stated in Schedule 1 hereof and, in furtherance of such goals and purposes, the Lead Programme Agency shall undertake to carry out the Programme in accordance with this Agreement. 3.3.1. The State shall submit a draft of the TNCDW GO/MOU to the Fund and the Cooperating Institution for their respective comments and mutual acceptance thereof, by the Fund, the State and the Cooperating Institution before its signature.
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