Other undertakings. A. The Agent shall, by each Intermediary Agreement, oblige the relevant Intermediary: (a) to ensure that the all projects cost approved of each SME and Priority Project should not exceed EUR 25,000,000.00 (twenty five million euros); (b) to ensure that the amount of financing by the Bank may reach (i) up to 100% (one hundred per cent.) of the loan granted by the Intermediary to a single Final Beneficiary, but may not exceed the equivalent of EUR 12,500,000.00 (twelve million five hundred thousand euros) for SME and Mid-Cap Projects; and (ii) up to 50% (fifty per cent.) of total projects’ costs from the Bank’s funds (including indirectly through other banks) for Priority Projects;
Other undertakings. No later than thirty (30) days after the Effective Date, the Borrower, through the Ministry of Health, shall cause the PCU to have installed and operational, an accounting system and software satisfactory to the Bank. The procedures to be followed for National Competitive Bidding shall be those set forth in this Attachment to Schedule 2 of the Loan Agreement of even date hereto, between the International Bank for Reconstruction and Development, and the Republic of Serbia, provided, however that such procedure shall be subject to the provisions of Section 1 and Paragraphs 3.3 and 3.4 of the “Guidelines for Procurement of Goods, Works, and Non- Consulting Services under IBRD Loans and XXX Credits and Grants by World Bank Borrowers”(January 2011) (the “Procurement Guidelines”), and the following additional provisions: • “Open Tendering” procedures as defined in Public Procurement Law of Serbia shall apply to all contracts. • Foreign bidders shall not be precluded from bidding and no preference of any kind shall be given to national bidders in the bidding process. Government-owned enterprises in Serbia shall be permitted to bid only if they are legally and financially autonomous and operate under commercial law of the Recipient. • Procuring entities shall use sample bidding documents approved by the Bank. • In case of higher bid prices compared to the official estimate, all bids shall not be rejected without the prior concurrence of the World Bank. • A single-envelope procedure shall be used for the submission of bids. • Post-qualification shall be conducted only on the lowest evaluated bidder; no bid shall be rejected at the time of bid opening on qualification grounds. • Bidders who contract as a joint venture shall be held jointly and severally liable. • Contracts shall be awarded to the lowest evaluated, substantially responsive bidder who is determined to be qualified to perform in accordance with pre-defined and pre-disclosed evaluation criteria. • Post-bidding negotiations shall not be allowed with the lowest evaluated or any other bidders. • Contracts of long duration (more than 18 months) shall contain appropriate price adjustment provisions. • The bidding document and contract as deemed acceptable by the World Bank shall include provisions stating the World Bank’s policy to sanction firms or individuals, found to have engaged in fraud and corruption as defined in the Procurement Guidelines. • In accordance with the Procurement Guidelines, each biddin...
Other undertakings. The Borrower shall:
(a) take all necessary measures to ensure that buildings included in the Project will comply with the EU Directive on energy performance of buildings (2002/91/EC);
(b) not commit any funds disbursed or to be disbursed by the Bank against sub-projects that require an Environmental Impact Assessment (“EIA”) or biodiversity assessment according to Environmental Law without, prior to commitment, receiving the consent from the competent authority, and the Non-Technical Summary of the EIA having been made available to the public; (c) for sub-projects requiring an EIA, submit to the Bank either the Non Technical Summary of the EIA or a link to a public version of the Non Technical Summary of the EIA, with a copy of the relevant consent showing that public consultation has been performed, comprising the results taken into consideration; and (d) for sub-projects not requiring an EIA, a copy of the relevant consent from the competent authority evidencing the reasons why EIA was not necessary (screening decision).
Other undertakings. 1. Without limitation to the provisions set forth in Section III.B.1 of this Schedule, each withdrawal under Category (1) shall be made only after the Borrower has furnished to the Bank: (a) evidence acceptable to the Bank in its form and content and following the requirements set forth in the POM, confirming the achievement of the respective DLR set forth in Schedule 4 to this Agreement; and (b) supporting documentation acceptable to the Bank confirming that Eligible Expenditures under the Eligible Expenditure Program in an amount at least equal to the amount to be withdrawn under this Category in respect of each DLR, have been incurred, and that said Eligible Expenditures have not been presented before to the Bank as satisfactory evidence for withdrawals under this Agreement.
2. Notwithstanding the provisions of paragraph 1 of this Section, if DLR 1.3 and/or DLR 1.5 have not been achieved by the date by which each DLR is set to be achieved, the Bank may, at any time, by notice to the Borrower, decide, in its sole discretion, to: (a) authorize the withdrawal of the unwithdrawn portion of Loan proceeds then allocated to the unachieved DLR, at a later date (prior to the Closing Date) if and when the Bank shall be satisfied that the pertinent DLR has been fully achieved; or (b) authorize the withdrawal of such lesser amount of the unwithdrawn proceeds of the Loan then allocated to said DLR, which in the opinion of the Bank, corresponds to the extent of achievement of said DLR, said lesser amount to be calculated in accordance with a formula set out in the POM; or (c) reallocate all or a portion of the proceeds of the Loan then allocated to said DLR to any other DLR; or (d) cancel all or a portion of the proceeds of the Loan then allocated to said DLR.
Other undertakings. A. Monitoring Arrangements for the Project Implementing Entity
1. The Borrower shall, at all times, ensure that, the Project Implementing Entity maintains governance arrangements and a financial management system adequate to reflect the operations, resources and expenditures of the Project Implementing Entity, acceptable to the Bank.
2. The Borrower shall ensure that the Project Implementing Entity: (a) prepares and maintains annual financial statements in accordance with consistently applied accounting standards acceptable to the Bank; (b) has such financial statements annually audited by independent auditors in accordance with consistently applied auditing standards; and (c) makes such audited financial statements publicly available and furnishes to the Bank copies of such audited financial statements not later than six (6) months after the end of the financial year.
Other undertakings. The Borrower shall:
(a) take all necessary measures to ensure that buildings included in the Project will comply with the EU Directive on energy performance of buildings (2002/91/EC);
(b) not commit any funds disbursed or to be disbursed by the Bank against sub-projects that require an Environmental and Social Impact Assessment (“ESIA”) or biodiversity assessment according to Environmental and Social Law without, prior to commitment, receiving the consent from the competent authority, and the Non- Technical Summary of the ESIA having been made available to the public; (c) for sub-projects requiring an ESIA, submit to the Bank either the Non Technical Summary of the ESIA and the full ESIA, with a copy of the relevant consent showing that public consultation has been performed, comprising the results taken into consideration; and (d) for sub-projects not requiring an ESIA, a copy of the relevant consent from the competent authority evidencing the reasons why ESIA was not necessary (screening decision).
Other undertakings. The Agent shall, by each Intermediary Agreement, oblige the relevant Intermediary: to ensure that the cost of each SME and Priority Project should not exceed EUR 25,000,000 (twenty five million euros); to ensure that the amount of financing by the Bank may reach (i) up to 100% of the loan granted by the Intermediary to a Final Beneficiary, but may not exceed the equivalent of EUR 12,500,000 (twelve million five hundred thousand euros) for SME and Mid-Cap Projects; and (ii) up to 50% of total projects’ costs from the Bank’s funds (including indirectly through other banks) for Priority Projects; confirm to the Bank, in a form to be agreed upon to the satisfaction of the Bank, at the end of the Allocation Period, that the additional volume of medium and long term financing of SMEs/Mid-Caps (with a term of more than two (2) years in eligible sectors as described in the Side-Letter(s)) signed during the Allocation Period and financed with non-EIB resources for each Intermediary, has been at least as much as the volume of the Bank’s Loan allocated to SMEs/Mid-Caps. Upon request from the Bank, the Agent shall deliver additional information on this additional lending volume, as far as this information is available; ensure that each Final Beneficiary is informed, in the manner considered most appropriate, of the origin of the funds placed at the latter’s disposal under this Contract; ensure appropriate product labelling by including a reference to the Bank in the product name or product documentation; insert on its relevant website/website dedicated to SME medium long term financing products an information page on the Bank’s activity in favour of SMEs, including eligibility criteria and a reference to the advantageous conditions of the Bank; ensure that each Onlending Agreement with a Final Beneficiary satisfies the conditions of Article 6.03B; comply with the Side-Letter(s); to inform each Final Beneficiary of the support by the Bank through a letter or electronic means. Such letter or message should indicate that the respective financing has benefited from support by the Bank and show the difference in terms and conditions stemming from this support and ensure that the financial conditions applied to each Onlending Agreement reflect the advantage of the Bank's funding and that such advantage, currently amounting to a minimum 50 bps (fifty basis points, but subject to amendment upon the prior written consent of the Bank), is clearly indicated to the Final Benefici...
Other undertakings. 1. (a) Except as the Bank shall otherwise agree, the Borrower shall not incur any debt, unless the net revenues, net non-operating income and accumulated earnings of the Borrower for the fiscal year immediately preceding the date of such incurrence or for a later twelve-month period ended prior to the date of such incurrence, whichever is the greater, shall be at least 1.1 times the estimated maximum debt service requirements of the Borrower for any succeeding fiscal year on all debt of the Borrower, including the debt to be incurred.
Other undertakings. So long as the Loan is outstanding, the Borrower through the MPWRC shall:
Other undertakings. By mid 2008, the Borrower shall establish in cooperation with the Croatian Energy Regulator and to the Bank’s satisfaction, cost benchmarks based on international comparisons for its operation and maintenance activities.