SP Metro definition

SP Metro means Companhia do Metropolitano de São Paulo - METRÔ, the Borrower’s subway transportation company;

Examples of SP Metro in a sentence

  • The Borrower, through STMSP, shall maintain and shall cause SP Metro to maintain a financial management system in accordance with the provisions of Section 5.09 of the General Conditions.

  • Without limitation to the provisions of Section 5.01 (b) of the General Conditions, the Borrower, through STMSP, shall carry out, and shall cause SP Metro to carry out, the Project in accordance with the provisions and recommendations of the Environmental Impact Assessment, the Environmental Management Plan and the Resettlement Action Plan.

  • To this end, the Borrower shall cause SP Metro to carry out the Project, under the general coordination of STMSP, and in accordance with the provisions of Article V of the General Conditions and the provisions of the Subsidiary Agreement.

  • The Additional Events of Suspension consist of the following, namely that SP Metro has failed to comply with any of its obligations under the Subsidiary Agreement to an extent that, in the opinion of the Bank, would materially and adversely affect the achievement of the Project objective, and the Borrower has not taken measures to comply in full with said obligations.

  • Without limitation to the provisions of Section 5.01 (b) of the General Conditions, the Borrower, through STMSP, shall carry out, and shall cause SP Metro to carry out, the Project in accordance with the provisions and recommendations of the Environmental Impact Assessment, the Addendum to the EIA, the Resettlement Plan and the new Abbreviated Resettlement Plan.

  • Part B: Technical Assistance Provision of technical assistance for: (1) the management oversight and supervision of the carrying out of Part A of the Project; (2) the carrying out of a financial management and cost recovery review (including recommendations on tariff structure) of the SP Metro operations; and (3) for a follow-up project finance study on alternatives for private sector participation in the carrying out of Part A of the Project .

  • The Additional Event of Suspension consists of the following, namely that SP Metro has failed to comply with any of its obligations under the Subsidiary Agreement to an extent that, in the opinion of the Bank, would materially and adversely affect the achievement of the Project objective, and the Borrower has not taken measures to comply in full with said obligations.

  • Provision of technical assistance for: (1) the management oversight and supervision of the carrying out of Part A of the Project; (2) the carrying out of a financial management and cost recovery review (including recommendations on tariff structure) of the SP Metro operations; and (3) for a follow-up project finance study on alternatives for private sector participation in the carrying out of Part A of the Project .