Common Contracts
1 similar Loan Agreement contracts
STATUS OF LOAN AGREEMENT COVENANTSLoan Agreement • November 7th, 2020
Covenants Status as of June 2018 Sector Covenants Implementation Arrangements1. The Borrower shall cause the Project Executing Agencies and Maxsustrans to implement the Project in accordance with the detailed arrangements set forth in the PAM. Any subsequent change to the PAM shall become effective only after approval of such change by the Borrower, each Executing Agency (as applicable), Maxsustrans and ADB. In the event of any discrepancy between the PAM and this Loan Agreement, the provisions of this Loan Agreement shall prevail.(LA, Schedule 5, para. 1) Amendments and revisions are required.1) The Borrower started to adjustthe investment components to be implemented and funded under the Project. Therefore there is a need to update Feasibility Study and PAM (Implementation & Procurement Schedule and Plan) accordingly. This adjustment is based on updated needs and recent developments within Maxsustrans/EA. The previously identified discrepancies in cost breakdown and investment compo
