Project completion report Примери клазула

Project completion report. Upon physical completion of the entire Project, the PIU, on behalf of the Borrower, shall present a final report containing an appraisal of the Project's economic, financial, social and environmental effects. This report must be deemed satisfactory by the CEB. The PIU, on behalf of the Borrower, undertakes to favourably receive any monitoring missions carried out by employees of the CEB or outside consultants hired by the CEB, and to provide all the necessary co-operation, including by facilitating visits to the relevant Project sites. In particular, the CEB may have an on-site audit of the Project's accounting carried out by one or more consultants of its choice, at the Borrower’s expense, in the case of default by the Borrower in respect of any of its obligations under the Loan. After payment of the full amount of the principal of the Loan and all interest and other expenses resulting therefrom, in particular those amounts under Articles 6. and 7. below, the Borrower shall be fully released from its obligations towards the CEB, with the exception of those set out in Articles 4.2.1. and 4.2.4. above for the purposes of a possible ex-post evaluation of the Project. For disbursements in EURO, and notwithstanding any other recourse available to the CEB under the Agreement and the Loan Regulations or otherwise, if the Borrower does not pay all interest or any other amount payable under the Agreement, at the latest on the due date specified, the Borrower must pay additional interest on the amount due and not fully paid, at the one-month EURIBOR rate as of the due date at 11 a.m. (local time in Brussels), plus 2.5% per annum, as of the due date of this amount until the date of actual payment. The applicable one-month EURIBOR rate shall be updated every 30 days. All duties and taxes of all kinds, due and paid, and all expenses resulting either from the conclusion, execution, liquidation, cancellation or suspension of this Agreement, in all or in part, or from the guarantee or the Loan, together with all judicial or extra- judicial acts having this Loan as their origin, shall be borne by the Borrower. However, the provisions of Article 4.7. of Chapter 4 of the Loan Regulations shall apply regarding the costs of the arbitration procedure mentioned in said Chapter 4. The Borrower declares that no other commitment has been made or will be made in the future which might give a third party a preferential rank, a preferential right of payment, a collateral or guarantee...