Common use of Information and Visits Clause in Contracts

Information and Visits. 8.1 Information concerning the Project (a) deliver to the Bank: (i) the information in content and in form, and at the times, specified in Schedule A.2 or otherwise as agreed from time to time by the parties to this Contract; and (ii) any such information or further document concerning the financing, procurement, implementation, operation of the Project and related environmental or social matters as the Bank may reasonably require within a reasonable time; provided always that if such information or document is not delivered to the Bank on time, and the Borrower does not rectify the omission within a reasonable time set by the Bank in writing, the Bank may remedy the deficiency, to the extent feasible, by employing its own staff or a consultant or any other third party, at the Borrower’s expense, as applicable (within the limit of reasonable and duly documented expenses) and the Borrower, as applicable, shall provide such persons with all assistance necessary for the purpose; (b) submit for the approval of the Bank without delay any material change to the Project, also taking into account the disclosures made to the Bank in connection with the Project prior to the signing of this Contract, in respect of, inter alia, the price, design, plans, timetable or to the expenditure programme or financing plan for the Project; (c) promptly inform the Bank of: (i) any action or protest initiated or any objection raised by any third party or any genuine complaint received by the Borrower or the Promoter or any Environmental or Social Claim that is to its knowledge commenced, pending or threatened against it with regard to any matters affecting the Project; (ii) true copies of contracts financed with the proceeds of the Loan and evidence of expenditures relating to disbursements; (iii) any fact or event known to the Borrower or the Promoter, which may substantially prejudice or affect the conditions of execution or operation of the Project; (iv) any non-compliance by it with any Environmental and Social Standard; (v) any suspension, revocation or modification of any Environmental or Social Approval,

Appears in 2 contracts

Samples: Finance Contract, Finansijski Ugovor

Information and Visits. 8.1 Information concerning the Project (a) deliver to the Bank: (i) the information in content and in form, and at the times, specified in Schedule A.2 Annex II to the Technical Side Letter or otherwise as agreed from time to time by the parties to this ContractParties; and (ii) any such information or further document concerning the financing, procurement, implementation, operation of the Project and related environmental matters of Environment or social matters Social Matters, or any information or further document required by the Bank to comply with its obligations under the NDICI-GE Regulation or the Financial Regulation, as the Bank may reasonably require within a reasonable time; , provided always that if such information or document is not delivered to the Bank on time, and the Borrower does not rectify the omission within a reasonable time set by the Bank in writing, the Bank may remedy the deficiency, to the extent feasible, by employing its own staff or a consultant or any other third party, at the Borrower’s expense, as applicable (within the limit of reasonable and duly documented expenses) and the Borrower, as applicable, shall provide such persons with all assistance necessary for the purpose; (b) submit for the approval of the Bank without delay any material change to the Project, also taking into account the disclosures made to the Bank in connection with the Project prior to the signing of this Contract, in respect of, inter alia, the price, design, plans, timetable or to the expenditure programme or financing plan for the Project; (c) promptly inform the Bank of: (i) any action or protest initiated or any objection raised by any third party or any genuine complaint received by the Borrower or the Promoter or any Environmental or Social Claim that is to its knowledge commenced, pending or threatened against it with regard to any matters affecting the Project; (ii) true copies of contracts financed with the proceeds of the Loan and evidence of expenditures relating to disbursements; (iii) any fact or event known to the Borrower or the Promoter, which may substantially prejudice or affect the conditions of execution or operation of the Project; (iviii) any non-compliance by it with any Environmental and Social Standard; (viv) any suspension, revocation or modification of any Environmental or Social Approval,; (v) a genuine allegation or complaint with regard to any Prohibited Conduct or any Sanction related to the Project; and (vi) should it become aware of any fact or information confirming or reasonably suggesting that (a) any Prohibited Conduct or any violation of any Sanction has occurred in connection with the Project, or (b) any of the funds invested in its share capital or in the Project was derived from an illicit origin; and set out the action to be taken with respect to such matters;

Appears in 2 contracts

Samples: Finansijski Ugovor Okvirni Zajam Za Infrastrukturu U Obrazovanju Srbije, Finansijski Ugovor Okvirni Zajam Za Infrastrukturu U Obrazovanju Srbije

Information and Visits. 8.1 Information concerning the Project (a) deliver to the Bank: (i) the information in content and in form, and at the times, specified in A.2 of Schedule A.2 A or otherwise as agreed from time to time by the parties to this Contract; and (ii) any such information or further document concerning the financing, procurement, implementation, operation of the Project and related environmental or social matters as the Bank may reasonably require within a reasonable time; provided always that if such information or document is not delivered to the Bank on time, and the Borrower does not rectify the omission within a reasonable time set by the Bank in writing, the Bank may remedy the deficiency, to the extent feasible, by employing its own staff or a consultant or any other third party, at the Borrower’s expense, as applicable (within the limit of reasonable and duly documented expenses) and the Borrower, as applicable, shall provide such persons with all assistance necessary for the purpose; (b) submit for the approval of the Bank without delay any material change to the Project, also taking into account the disclosures made to the Bank in connection with the Project prior to the signing of this Contract, in respect of, inter alia, the price, design, plans, timetable or to the expenditure programme or financing plan for the Project; (c) promptly inform the Bank of: (i) any action or protest initiated or any objection raised by any third party or any genuine complaint received by the Borrower or the Promoter or the Beneficiaries or any Environmental or Social Claim that is to its knowledge commenced, pending or threatened against it with regard to any matters affecting the Project; (ii) true copies of contracts financed with the proceeds of the Loan and evidence of expenditures relating to disbursements; (iii) any fact or event known to the Borrower or the PromoterPromoter or the Beneficiaries, which may substantially prejudice or affect the conditions of execution or operation of the Project; (iv) any non-compliance by it with any Environmental and Social Standard; (v) any suspension, revocation or modification of any Environmental or Social Approval,

Appears in 1 contract

Samples: Finansijski Ugovor