Information on the project’s implementation Clause Samples
The 'Information on the project’s implementation' clause requires the party responsible for carrying out a project to provide regular updates and relevant details about the project's progress. This may include sharing timelines, milestones achieved, encountered challenges, and any changes to the original plan with stakeholders or the contracting party. By mandating the disclosure of such information, the clause ensures transparency, facilitates oversight, and helps all parties stay informed, thereby reducing misunderstandings and enabling timely interventions if issues arise.
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below.
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on the date of completion of each of the main project's components, explaining reasons for any possible delay; - Update on the cost of the project, explaining reasons for any possible cost variations vs. initial budgeted cost; - A description of any major issue with impact on the environment; - Update on the project's demand or usage and comments; - Any significant issue that has occurred and any significant risk that may affect the project's operation; - Any legal action concerning the project that may be on-going; - Non-confidential project-related pictures, if available. 31/3 annually
Information on the project’s implementation. The Borrowers shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report: - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on implementation of each of the main project’s components; - Update on the cost of the project, explaining reasons for any possible cost variations vs. initial budgeted cost; - A description of any major issue with impact on the environment; - Update on the relevant demand trends and evolution for LivaNova’s business; - Any significant issue that has occurred and any significant risk that may affect the project’s operation; - Any legal action concerning the project that may be on-going. 30 June l 2018 Mid-term review
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report 31/01/2016 Intermediate – A brief update on the technical description, explaining the reasons for significant changes vs. initial scope; – Update on the date of completion of each of the main project’s components, explaining reasons for any possible delay; – Update on the cost of the project (actual and updated forecasts for the following years), explaining reasons for any significant cost variations vs. initial budgeted costs – refer to table1 below; – A description of any major issue with impact on the environment; – Update on the project’s demand or usage and comments; – Any significant issue that has occurred and any significant risk that may affect the project’s operation; – Any legal action concerning the project that may be on-going. Please use the format of the table 1 below to report past actual expenditures and actualised forecasts. Table1: Project cost summary (monitoring reference). EUR m Initial distribution 2014 2015 2016 TIC CS Italy 65.2% 31.4 31.4 31.9 94.7 CS France 0.0% 0.0 0.0 0.0 0.0 Cardiac Surgery 31.4 31.4 31.9 94.7 CRM Italy 15.0% 8.8 9.0 8.8 26.6 CRM France 69.4% 40.9 41.6 40.8 123.3 Cardiac Rhythm Management 49.7 50.6 49.6 149.9 NV Italy 3.7% 0.4 0.5 1.2 2.1 NV France 68.9% 7.9 9.8 21.8 39.5 New Ventures 8.3 10.3 23.0 41.6 Total Italy 40.6 40.9 41.9 123.4 Total France 48.8 51.4 62.6 162.8 TOTAL 89.4 92.3 104.5 286.2
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report A brief update on the technical description, explaining the reasons for significant changes vs. initial scope; Update on the date of completion of each of the main project’s components, explaining reasons for any possible delay; Update on the cost of the project, explaining reasons for any possible cost increases vs. initial budgeted cost; A description of any major issue with impact on the environment; Update on procurement procedures (outside EU); Update on the project’s demand or usage and comments; Any significant issue that has occurred and any significant risk that may affect the project’s operation; Any legal action concerning the project that may be ongoing. 6 monthly promoter reporting Monthly reporting from the supervising engineers in digital format Format Digital The Borrower shall deliver to the Bank the following information on project completion and initial operation at the latest by the deadline indicated below. Project Completion Report, including: A brief description of the technical characteristics of the project as completed, explaining the reasons for any significant change; The date of completion of each of the main project’s components, explaining reasons for any possible delay; The final cost of the project, explaining reasons for any possible cost increases vs. initial budgeted cost; The number of new jobs created by the project: both jobs during implementation and permanent new jobs created; A description of any major issue with impact on the environment; Update on procurement procedures (outside EU); Update on the project’s demand or usage and comments; Any significant issue that has occurred and any significant risk that may affect the project’s operation; Any legal action concerning the project that may be ongoing. Upon completion on the project, expected end 2015. Format Digital Language of reports English
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report, including: 31/12/2022 Semi-annual - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; 31/12/2023 - Update on the date of completion of each of the main project’s components, explaining reasons for any possible delay; 30/06/2024 - Update on the cost of the project, explaining reasons for any possible cost variations vs. initial budgeted cost; 31/12/2024 - A description of any major issue with impact on the environment; - Update on the project’s demand or usage and comments; - Update on any new partnerships / collaboration agreements including any new governmental agreements; - Any significant issue that has occurred and any significant risk that may affect the project’s operation; - Update on any major changes in the R&D organisation with impact on the project’s completion; - Any legal action concerning the project that may be ongoing; - Non-confidential project-related pictures, if available.
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Document / information Deadline Frequency of reporting Project Progress Report - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on the date of completion of each of the main project’s components, explaining reasons for any possible delay; - Update on the cost of the project, explaining reasons for any possible cost variations vs. initial budgeted cost; - A description of any major issue with impact on the environment; - Update on procurement procedures; - Update on the project’s demand or usage and comments, including summary and breakdown of allocations by financial intermediary; - Any significant issue that has occurred and any significant risk that may affect the project’s operation; - See below template for reporting data - Any legal action concerning the project that may be on- going. On each 30 June and 31 December from the Date of Effectiveness Semi-annually, to be submitted within sixty days of the end of the reporting period.
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on Project progress during implementation at the latest by the deadline indicated below. Project Progress Report - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on the date of completion of each of the main Project’s components, explaining reasons for any possible delay; - Update on the cost of the Project, explaining reasons for any possible cost variations vs. initial budgeted cost (refer to cost table in A.1); - A description of any major issue with impact on the environment and/or social impact; - Update on the Project’s demand or usage and comments; - Any significant issue that has occurred and any significant risk that may affect the Project’s operation; - Any legal action concerning the Project that may be on-going; - Non-confidential project-related pictures, if available. Annual, by 30.04.2026 30.04.2027 30.04.2028 30.04.2029
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on the date of completion of each of the main project’s components, explaining reasons for any possible delay; - Update on the cost of the project, explaining reasons for any possible cost variations vs. initial budgeted cost; - A description of any major issue with impact on the environment and/or social impact; - Provide an update on health and safety statistics including numbers of any deaths and/or injuries that causes hospitalization for more than 24h; - Update on the project’s demand or usage and comments; - Any significant issue that has occurred and any significant risk that may affect the project’s operation; - Any legal action concerning the project that may be on-going; - Non-confidential project-related pictures, if available; - Any update in the Borrower or Head of Group’s decarbonisation plan (including targets) or climate resilience plan since contract signature. 31 March Annually
Information on the project’s implementation. The Borrower shall deliver to the Bank the following information on project progress during implementation at the latest within 30 (thirty) days after the end of each financial half-year (as indicated below). [****]