Common use of Annual Work Plans Clause in Contracts

Annual Work Plans. 1. The Recipient shall prepare and furnish to the Association for its approval, not later than November 30 in each Fiscal Year during the implementation of the Project, an annual work plan covering all activities to be carried out in the following Fiscal Year, together with a budget, including amounts of Recipient counterpart funding and other sources of financing required for the purpose.

Annual Work Plans. 1. The Recipient shall prepare and furnish submit to the Association for its review and approval: (a) the annual work plan and budget for the Project year commencing from the Effective Date within two months of such Date; and (b) thereafter, not later than November 30 in for each Fiscal Year during the implementation subsequent year of the ProjectProject implementation, an annual work plan covering all and budget on or about October 31. The Recipient shall implement the activities reflected in such annual work plans in a manner that is satisfactory to be carried out in the following Fiscal Year, together with a budget, including amounts of Recipient counterpart funding and other sources of financing required for the purposeAssociation.