CEPEX definition
Examples of CEPEX in a sentence
The Borrower shall, in respect of the Project, make available to CEPEX, on a non-reimbursable grant basis, the proceeds of the Loan allocated from time to time to Category 1 of the table set forth in Section II, Schedule 2 of this Agreement, under the Second CEPEX Grant Agreement to be entered into between the Borrower’s Minister of Finance and CEPEX under terms and conditions which shall have been approved by the Bank.
To this end, the Borrower shall cause CEPEX to carry out the Project in accordance with the provisions of Article V of the General Conditions and the Second CEPEX Project Agreement.
The Borrower shall cause CEPEX to carry out the Project in accordance with the provisions set forth in the Second CEPEX Project Agreement.
Except as the Bank shall otherwise agree, the Borrower shall not assign, amend, abrogate or waive the Second CEPEX Grant Agreement or any of its provisions.
As can be seen, Vietnam can provide cheap labor forces, but firms in Vietnam do not have sufficient technological and managerial capabilities to participate in international production networks.
The Borrower shall exercise its rights and obligations under the Second CEPEX Grant Agreement in such manner as to protect the interests of the Borrower and the Bank, and to accomplish the purposes of the Loan.
The Additional Condition of Effectiveness consists of the following, namely that the Second CEPEX Grant Agreement has been duly executed on behalf of the Borrower and CEPEX and has entered into effect in accordance with its terms.
The Additional Legal Matter consists of the following, namely that the Second CEPEX Grant Agreement has been duly executed on behalf of the Borrower and CEPEX and is legally binding upon the Borrower and CEPEX in accordance with its terms.
Not later than June 30, 1999, CEPEX shall appoint a committee (the EMAF Steering Committee), with representation and terms of reference satisfactory to the Bank, responsible for decisions pertaining to supporting the on-going operations, supervising the execution, and coordinating the administration of the EMAF.
The Project Implementing Entity shall provide Matching Grants to Beneficiaries in accordance with eligibility criteria and procedures acceptable to the Bank, which shall include the provisions set forth in Section 2.06 of the First CEPEX Project Agreement and in the EMAFII Operations Manual.