Priority Investment Program definition

Priority Investment Program. (Programme d’Investissement Prioritaire) means the program prepared by a Municipality under a Municipal Contract outlining its priority investments over a given period of four (4) years.
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Priority Investment Program or “PIP” means the set of infrastructure and facilities investments to be carried out under Part A of the Project agreed on by a Beneficiary City or District and included in the respective City Contract;
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Priority Investment Program or “PIP” means the Priority Investment Program referred to in Part C.1 of the Project;
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Examples of Priority Investment Program in a sentence

  • The Priority Investment Program and the Municipal Adjustment Program are prepared on the basis of reviews called “urban, financial, and organizational audits”, which lead to mutual commitments between the central Government and the municipality.

  • All reasonable precautions will be taken to prevent unauthorised access to the site, the works and adjoining property.

  • The consultant shall prepare the technical reports for the Preliminary Design Studies relating to the projects chosen by the municipality as part of the Priority Investment Program.

  • Based on the financial diagnostic and interviews of municipal leaders, the consultant shall make recommendations as to the size of the Priority Investment Program and any related counterpart (percentage of the Priority Investment Program paid for by the municipality).

  • During the design phase, the recommendations, including those in the Priority Investment Program, gradually take shape: first in the form of project briefs, then in the form of preliminary design studies, and then in the bidding documents.

  • The Priority Investment Program will be outlined in the provisional report, with more details in the project briefs in the final report, and decided after the preliminary design studies.

  • The PRC government has requested ADB to provide a $450 million MFF to fund a group of selected priority projects in the Priority Investment Program.

  • The components had been defined in 1999 as a “ Programme d’Investissements Prioritaire” (Priority Investment Program or PIP) which was to start at the same time as the concession and was based on the initial assessment conducted for the information of bidders during the concessioning process.

  • The City Contract includes three main elements which are: a Priority Investment Program (PIP), a Priority Maintenance Program (PMP), and a Municipal Support Program (MSP).

  • Guangxi's Strategy and Action Plan for Participation in the GMS Program includes a Priority Investment Program for 2015–2020 intended for financing by various sources including the PRC central and Guangxi governments, multilateral development banks and the private sector.


More Definitions of Priority Investment Program

Priority Investment Program means the program of a commune outlining its priority investment activities for a given fiscal year.
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Related to Priority Investment Program

  • Priority List means the annual listing of fundable, waiting, and planning portion projects.

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.