SP Metro definition

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

  • 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.

  • Without limitation on the provisions of Part A of this Section, the Borrower shall cause SP Metro to prepare and furnish to the Bank, not later than 60 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the pertinent quarter, in form and substance satisfactory to the Bank.

  • 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.

  • Construction of, provision of equipment for, and operation and maintenance of the line of the SP Metro which will link the SP Metro’s Vila Sonia yard facility to the SP Metro’s Luz station (Line 4), consisting of about 12,800 meters of double underground track, 5 stations and 4 station shells, acquisition and installation of system-wide facilities (including fixed installations for electrification), and acquisition and operation of 16 train sets.

  • 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.

  • 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.

  • 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 .

  • Without limitation on the provisions of Part A of this Section, the Borrower shall cause SP Metro to prepare and furnish to the Bank not later than 60 days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the pertinent quarter, in form and substance satisfactory to the Bank.

  • All such repayments and purchases not made within two years after the member becomes eligible for membership in the System shall equal the full actuarial cost of the additional service credit as defined in G.S. 135-4(m).

Related to SP Metro

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