ESCP means the environmental and social commitment plan for the Project, dated July 31, 2023, as the same may be amended from time to time in accordance with the provisions thereof, which sets out the material measures and actions that the Recipient shall carry out or cause to be carried out to address the potential environmental and social risks and impacts of the Project, including the timeframes of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any environmental and social instruments to be prepared thereunder.

ESCP means the Borrower’s Project Implementing Entity’s environmental and social commitment plan, acceptable to the Bank, dated November 26, 2019, which sets out a summary of the material measures and actions to address the potential environmental and social risks and impacts of the Project, including the timing of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any instruments to be prepared thereunder; as the ESCP may be revised from time to time, with prior written agreement of the Bank , and such term includes any annexes or schedules to such plan.

ESCP means the environmental and social commitment plan for the Project, acceptable to the Bank, dated March 3, 2020, which sets out a summary of the material measures and actions to address the potential environmental and social risks and impacts of the Project, including the timing of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any instruments to be prepared thereunder; as the ESCP may be revised from time to time, with prior written agreement of the Bank, and such term includes any annexes or schedules to such plan.

Examples of ESCP in a sentence

The Recipient shall carry out the Project with due diligence and efficiency in conformity with appropriate administrative, financial, technical, Environmental and Social Standards and practices, and in accordance with the FMFA, ESCP and the Project Implementation Manual, and shall promptly provide the funds, facilities, services and other resources required for the Project.

More Definitions of ESCP

ESCP means the European small claims procedure established by the ESCP Regulation;

ESCP means the environmental and social commitment plan for the Borrower’s Respective Parts of the Project, dated May 2, 2023, as the same may be amended from time to time in accordance with the provisions thereof, which sets out the material measures and actions that the Borrower, through DSI, shall carry out or cause to be carried out to address the potential environmental and social risks and impacts of the said Parts of the Project, including the timeframes of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any environmental and social instruments to be prepared thereunder.

ESCP means the Program Entity’s environmental and social commitment plan for a Program, acceptable to the Trustee, as the same may be amended from time to time in accordance with the provisions thereof, which sets out the material measures and actions that the Program Entity shall carry out or cause to be carried out to address the potential environmental and social risks and impacts of the Program, including the timeframes of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any environmental and social instruments to be prepared thereunder;

ESCP means the environmental and social commitment plan referred to in the IBRD Loan Agreement, setting out the Borrower and Implementing Agency commitment to avoid, mitigate or compensate negative consequences of the Project, on human and natural environment and any planned monitoring, as well as the formal steps required in order to carry out such actions. Environmental and Social Complaints Mechanism means the contractual terms contained in the Environmental and Social Complaints Mechanism, which is available on the Website, as amended from time to time. EURIBOR means the inter-bank rate applicable to Euro for any deposits denominated in Euro for a period comparable to the Interest Period of the relevant Drawdown, as determined by the European Money Markets Institute (EMMI), or any successor thereto at 11:00 am Brussels time, two (2) Business Days before the first day of the Interest Period. Euro(s) or EUR means the single currency of the member states of the European Economic and Monetary Union, including France, and having legal tender in such Member States.