Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1(a) of Schedule 2 to this Agreement. 26. “Project Operations Manual” or “POM” means the manual dated March 2021, adopted for the Phase 1 of the Serbia Railway Sector Modernization Project Using the Multiphase Programmatic Approach, to be updated according to Section C of Schedule 2 to this Agreement, and which may be amended from time to time with the prior written agreement of the Bank.
Project Implementation Unit. (hereinafter called the PIU) means the dedicated co- ordinating structure, which, by delegation of the PIB, is in charge of the day-to-day implementation, management and follow-up of the activities included under the Project. The Loan is granted under the general conditions of the Loan Regulations and under the special conditions established by this framework loan agreement (hereinafter the Agreement), its Appendices and its side letters (hereinafter the Side Letters). The CEB grants to the Borrower, who accepts, a Loan (hereinafter, the Loan) for the financing of the Project ref. LD 1764 (2012), approved by CEB’s Administrative Council on 27 January 2012, consisting in the partial financing of the construction and equipment of a new prison facility located in Pančevo (Serbia) (hereinafter, the Project). The Loan is granted by the CEB in consideration of the commitment that the Borrower is making to apply it solely to financing the Project, as described in Appendix 1, and to carry out such Project under the conditions which are detailed in this Agreement and its Appendices. Any change to the way the Loan is applied that has not received the CEB's approval may lead to the suspension, cancellation or early reimbursement of the Loan, under the terms of Articles 3.3., 3.5. and 3.6. of the Loan Regulations.
Project Implementation Unit. (hereinafter called the PIU) means the dedicated co-ordinating structure, which, by delegation of the PIB, is in charge of the day-to-day implementation, management and follow-up of the activities included under the Project. “Projected State of Progress of Works” means the ratio of eligible expenditures, for all the component parts of the Project, to total eligible cost of the Project, where eligible expenditures include already-incurred expenditures as well as those that are expected to be incurred for a determined period of time not exceeding one year from the date of the latest monitoring report (as defined in Article 4.2.2. below). “State of Progress of Works” means the ratio of already-incurred eligible expenditures, on all the component parts of the Project, to total eligible cost of the Project. “Tranche” means an amount disbursed or to be disbursed from the loan. The Loan is granted under the general conditions of the Loan Regulations and under the special conditions established by this framework loan agreement (hereinafter the Agreement), its Appendices and its side letters (hereinafter the Side Letters).
Examples of Project Implementation Unit in a sentence
The entity in charge of the project’s implementation is the Project Implementation Unit (PIU), operating under the Administration for the Execution of Criminal Sanctions of the Ministry of Justice.