Project Beneficiary definition
Examples of Project Beneficiary in a sentence
A Sub-financing to a Project Beneficiary shall be calculated on the basis of the following established output unit cost for activities under Part A of the Project, or such other output unit cost as may be established by the Bank after consultation with, and notification to, the Borrower and Shandong.
The Grantor shall have the absolute right to unilaterally rescind the Sub-Grant Agreement upon the failure of the Project Beneficiary to comply with any and all of the requirements for the processing, release and payment of the amount of the financial subsidy within the fixed period set in Section XI of this Sub-Grant Agreement.
This Project Benefits Agreement shall inure to the benefit of, and shall be binding upon, the Agency, the Project Beneficiary and their respective successors and assigns.
If the Agency determines that a Recapture Event has occurred, it shall give notice of such determination to the Project Beneficiary.
No consent, approval or authorization of, or filing, registration or qualification with, any governmental or public authority on the part of the Project Beneficiary is required as a condition to the execution, delivery or performance of this Project Benefits Agreement and the other Project Facility Agreements by the Project Beneficiary or as a condition to the validity of this Project Benefits Agreement and the other Project Facility Agreements.