Examples of Participating LGU in a sentence
The Borrower shall: (a) cause each Participating LGU to perform, in accordance with the provisions of the MOA to which said LGU is a party, all of the obligations of said LGU therein set forth; (b) take or cause to be taken all actions, including the provision of funds, facilities, services and other resources, necessary or appropriate to enable said LGU to perform such obligations; and (c) not take or permit to be taken any action which would prevent or interfere with such performance.
To facilitate the carrying out of the Project at LGU level, the Borrower shall make the proceeds of the Co-financing available to each Participating LGU under a Memorandum of Agreement between the Borrower through DENR and said Participating LGU (“MOA”) on a grant basis and under conditions acceptable to the Bank and consistent with those in this Agreement and the Co-financing Agreement, which shall include the provisions of the Annex 2 to this Schedule.
Burnsville, Participating LGU or Participating LGUs shall collectively be referred to as the “Parties”.
For instance, Demirgüç-Kunt and Huizinga (2000) find that banks tend to have higher margins in underdeveloped financial systems, while no such relation is observed in developed countries.
For purposes of carrying out the Project, the Borrower shall make available to each provincial Participating LGU, its respective Allocated Amount on terms and conditions acceptable to the Bank and as set forth in a Memorandum of Agreement (MOA), which shall be entered into between the Borrower, through DA, and each said LGU in accordance with the provisions of the Annex 2 to this Schedule.
If any event set out in clauses (b), (c), or (d) of this paragraph occurs, the Bank may, without limitation to any other rights, declare the relevant Participating LGU to be ineligible for participation in the Project.
Each Participating LGU shall maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Bank, both in a manner adequate to reflect the operations and financial condition of the LGU, including the operations, resources and expenditures related to the Project.
No Enterprise Subproject shall be eligible for financing from the proceeds of the Loan unless and until the Participating LGU has entered into an Enterprise Investment Agreement with a respective Registered IPO under terms and conditions acceptable to the Bank.
For the purposes of paragraph B.2 of Section I of Schedule 2 to this Agreement, each Program Agreement between the Recipient and a Participating LGU shall include, among others, the provisions set forth below.
The Guarantor undertakes to consult with the Bank prior to taking, causing to be taken, or concurring with, any action to re-structure or re-organize the operations of any of the Participating Water Districts which would have a material effect on the performance of its obligations under the memorandum of agreement with the relevant Participating LGU.