Examples of Annual Work Plan and Budget in a sentence
The Borrower shall, by not later than four (4) months after the Effective Date, and thereafter on an annual basis, by not later than January 31 each year, prepare and furnish to the Bank an annual work plan and budget (“Annual Work Plan and Budget”) for the Project for the subsequent year, said Annual Work Plan and Budget of such scope and detail as the Bank shall have reasonably requested.
The Annual Work Plan and Budget may be revised by the Borrower as required during Project implementation subject to the Bank’s prior written approval.
The Borrower shall afford the Bank a reasonable opportunity to review such Annual Investment Plan and Budget, and thereafter, the Borrower shall carry out and cause Project Implementing Entity to carry out the Annual Work Plan and Budget as shall have been approved by the Bank.
Only the activities included in the Annual Work Plan and Budget shall be eligible for financing.