EPCG definition
Examples of EPCG in a sentence
Vendor shall provide to Reliance, necessary installation certificates, as per EPCG regulations for which the Parties will mutually agree on a format and procedure.
The Recipient shall ensure that the EPCG shall have its and Project Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions.
The Recipient shall ensure that that from the start of Project implementation until January 1, 2008, the EPCG shall maintain a collection ratio equal to or above ninety (90) percent, from January 1, 2008 until January 1, 2009, a collection ratio equal to or above ninety two (92) percent, and from January 1, 2009, a collection ratio equal to or above ninety four (94) percent.
Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the EPCG Sub-credit Agreement of any of its provisions, and shall ensure that the EPCG does not assign, amend, abrogate or waive the EPCG Sub-credit Agreement of any of its provisions.
Until the Final Settlement Date, the Sponsor shall meet the export obligations (from its operations) as are required under the EPCG Scheme based upon the duty benefit made available to the Borrower by way of concessional duty payable for import of plant and machinery and equipments or any benefit of deemed export on domestic acquisition, if any, under the EPCG scheme for the Project.
Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the EPCG.
The Recipient shall ensure that the EPCG maintains at all times during the Project implementation a Project management unit, with terms of reference, resources and staff necessary for Project implementation and satisfactory to the Association.
The Recipient shall ensure that by January 1, 2008, the EPCG shall maintain a self-financing ratio equal to or above thirty five (35) percent.
To this end, the Recipient shall ensure that the EPCG shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.
The Recipient shall exercise its rights under the EPCG Sub-credit Agreement in such manner as to protect the interests of the Recipient and the Association, and to accomplish the purposes of the Financing.