Common use of Financial Covenants Clause in Contracts

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the its operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the its operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain maintain, or cause to be maintained, a financial management system, including records and accounts, and prepare prepare, or cause to be prepared, financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain maintain, or cause to be maintained, a financial management system, including records and accounts, and prepare prepare, or cause to be prepared, financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to Part A of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the Association, consistently applied, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards, acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures related to in respect of the ProjectProject of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the its operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain establish and maintain, and shall cause to be established and maintained, a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures related to in respect of the ProjectProject of the Participating States, departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources resources, and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and thereafter at all times maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall shall, at all times, maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect in accordance with sound financial management and accounting practices the operations, resources and expenditures related to the ProjectProject of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, Association adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. 4.01 (a) The Borrower shall establish and maintain a financial management system, satisfactory to the Bank, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, in a format acceptable to the Association, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures operations related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to Parts B, C, D and E of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the its (including NACP’s, FANA’s, FATA’s and ICT’s) operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the its operations, resources resources, and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect reflect, separately, the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the ProjectProject (including those related to the Protected Areas Fund).

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management systemsystem within the PMU, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to Parts D and E of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to Parts A and B of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain and cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain in MINEDUC a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower Borrower, through the MONE, shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the ProjectHNPSP.

Financial Covenants. Section 4.01. (a) The Borrower Borrower, through the Ministry of Labor, shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain or cause to be established and maintained a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect their operations and financial condition, and to register separately the operations, resources and expenditures related to for and in connection with the carrying out of Parts A, B.1 and B.2 of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall at all times maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the its operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to Parts A, C, D and E of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards, acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain in SEC a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. 4.01 (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format form acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project, except for Part E. 2. of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain in MIDEPLAN a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the ProjectHSP.

Financial Covenants. Section 4.01. (a4.01.(a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards, acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain establish and thereafter at all times maintain, a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, Bank adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain maintain, or cause to be maintained, a financial management system, including records and accounts, and prepare or cause to be prepared, financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the ProjectProject of the States, departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project, including the Subprojects (regardless of whether said expenditures are financed with Loan proceeds or with any other sources of financing).

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements all in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards, acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to monitor and record the progress of the Project and of each Investment Project (including its costs and benefits to be derived from it) and to reflect the operations and financial condition of the Borrower and to register separately the operations, resources and expenditures related to the Project and each Investment Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, system including records and accounts, accounts and prepare financial statements in a format and in accordance with standards acceptable to the Association, Association adequate to reflect the operations, resources and expenditures related to for and in connection with the Projectcarrying out the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the its operations, resources and expenditures related to Part D.1 of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain maintain, or cause to be maintained, a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall shall, through the Supreme Court, maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect reflect, separately, the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall at all times maintain within the AFU a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to for and in connection with the Projectcarrying out of the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures of the TRA (including separate records, accounts and statements in respect of the operations, resources and expenditures related to the Project) and the operations, resources and expenditures related to the Project of any other departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect reflect, separately, the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to Parts A, B.1(b), B.2, B.3, C.2, D.1 and E.1 of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall at all times maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in accordance with sound accounting practices and in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and at all times maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to the Project.prepare

Financial Covenants. Section 4.01. (a) The Borrower shall shall, through SUBDERE, maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall shall, through DENR and DOF, maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to its Respective Parts of the Project.

Financial Covenants. Section 4.01. (a) The Borrower Borrower, through its MOE, shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to for and in connection with the carrying out of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements in a format accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect the operations, resources and expenditures related to Parts B, C, D, E and F of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect its operations and financial conditions, and to register separately the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall shall, through the SYDTF, maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect their operations and financial condition, and to register separately the operations, resources and expenditures related to for and in connection with the carrying out of Parts B.3 and C.3-C.7 of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to monitor and record the progress of Parts A and C of the Project and of each LGU Sub-project (including its cost and the benefits to be derived from it), and to reflect the operations and financial condition of the Borrower and to register separately the operations, resources and expenditures related to for and in connection with the carrying out of Parts A and C of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements statements, in a format acceptable to the Association, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures operations related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, in accordance with accounting standards acceptable to the Bank, consistently applied, adequate to reflect the operations, resources and expenditures related to the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the AssociationBank, adequate to reflect the operations, resources and expenditures related to Part B of the Project.

Financial Covenants. Section 4.01. (a) The Borrower shall thereafter maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Association, adequate to reflect the operations, resources and expenditures related to Part B, Part C, Part D and Part E of the Project.

Financial Covenants. Section 4.015.01. (a) The Borrower shall establish and maintain a financial management system, including records and accounts, and prepare financial statements statements, all in a format accordance with accounting standards acceptable to the AssociationBank, consistently applied, adequate to reflect its operations and financial condition and to register separately the operations, resources and expenditures related to for and in connection with the carrying out of the Project.