CTEVT definition
Examples of CTEVT in a sentence
The Recipient and CTEVT shall ensure that the Project does not involve any environmental, resettlement, indigenous peoples risks or impacts within the meaning of the Safeguard Policy Statement.
All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the 2007 Annual Financial Statements, except as otherwise specifically prescribed herein.
The Recipient and CTEVT shall (a) comply with ADB’s Anticorruption Policy (1998, as amended to date) and acknowledge that ADB reserves the right to investigate directly, or through its agents, any alleged corrupt, fraudulent, collusive or coercive practice relating to the Project; and (b) cooperate with any such investigation and extend all necessary assistance for satisfactory completion of such investigation.
The following is specified as an additional condition to the effectiveness of this Grant Agreement for the purposes of Section 9.01(e) of the Grant Regulations: the Subsidiary Grant Agreement, in form and substance satisfactory to ADB, shall have been duly executed and delivered on behalf of the Recipient and CTEVT and shall have become legally binding upon the Recipient and CTEVT in accordance with its terms.
If due to unforeseen circumstances, the Project involves any such impacts, the Recipient and CTEVT shall take all steps necessary or desirable to ensure that the Project complies with all applicable laws and regulations of the Recipient and with the Safeguard Policy Statement.
The Recipient shall take all actions which shall be necessary on its part to enable CTEVT to perform its obligations under the Project Agreement, and shall not take or permit any action which would interfere with the performance of such obligations.
In respect of Parts 1, 2, 3(iv), and 4, the Recipient hereby designates CTEVT as its agent for the purposes of taking any action or entering into any agreement required or permitted under Sections 3.02, 3.03 and 3.05 of this Grant Agreement and under Sections 5.01, 5.02, 5.03 and 5.04 of the Grant Regulations.
The Recipient and CTEVT shall allow and assist ADB's representatives to carry out random spot checks on the work in progress and utilization of funds for the Project.
The following is specified as an additional matter, for the purposes of Section 9.02(c) of the Grant Regulations, to be included in the opinion or opinions to be furnished to ADB: that the Subsidiary Grant Agreement has been duly authorized by, and executed and delivered on behalf of, the Recipient and CTEVT, and is legally binding upon the Recipient and CTEVT in accordance with its terms.
Except as ADB may otherwise agree, and except as provided in the paragraph below, the Recipient and CTEVT shall apply quality- and cost-based selection for selecting and engaging Consulting Services.