Other undertakings. The Borrower shall:
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. A. Monitoring Arrangements for the Project Implementing Entity The DLIs and corresponding amounts may be adjusted from time to time by the Bank and the Borrower, based on the review pursuant to Section IV.B.3 of Schedule 2 to this Agreement. Disbursement Linked Indicator Description Disbursement Linked Indicator Amount of the Loan Allocated (expressed in EUR) Section I. Definitions
Other undertakings. 1. The Borrower undertakes to ensure the financial sustainability of the Project Implementing Entity, on the basis of a set of operational and financial target indicators acceptable to the Bank and set forth in the PIE Operations Manual, which may be reviewed and adjusted from time to time, but at least annually, with the agreement of the Bank.
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that Eligible Expenditures under the Eligible Expenditure Program in an amount at least equal to the amount to be withdrawn under this Category in respect of each DLR, have been incurred, and that said Eligible Expenditures have not been presented before to the Bank as satisfactory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.
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. 1. If the conditions set forth in Section IV, Part B, paragraph 1(b) have not been met within two (2) years after the “Effective Date”, the Borrower may, pursuant to Section 2.08 of the General Conditions, and provided the Bank determines that there is an estimated shortfall to finance Eligible Expenditures under Categories (3) and/or (4), request the Bank to reallocate the Loan proceeds allocated under Category (1) to any of said Categories to address the estimated shortfall.
Other undertakings. So long as the Loan is outstanding, the Borrower through the MPWRC shall:
Other undertakings. A. 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 Benef...
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...