Common use of PIP Clause in Contracts

PIP. The Borrower shall carry out the Project in accordance with the PIP, and except as the Association shall otherwise agree, the Borrower shall not amend or waive any provision of the PIP, if such amendment or waiver may, in the opinion of the Association, materially or adversely affect the implementation of the Project.

Appears in 2 contracts

Sources: Development Credit Agreement, Development Credit Agreement