Examples of GTCL in a sentence
Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made for payments made prior to the date of this Agreement, except that withdrawals up to an aggregate amount not to exceed $2,000,000 equivalent may be made for payments made prior to this date but on or after September 1, 2008, for Eligible Expenditures related to the Owner’s Engineers for PGCB and GTCL.
GTCL shall, prior to commencing construction work, in the event that such work shall involve the involuntary resettlement of persons, ensure that such persons shall be resettled in accordance with a resettlement action plan approved by the Association, such plan to be designed on the basis of the policies, planning principles, institutional arrangements and design criteria acceptable to the Association, and set out in the RAP, so as to improve the standards of living and production levels of such persons.
To this end, GTCL shall carry out Parts C and D3 of the Project in accordance with the provisions of Article IV of the General Conditions, and shall provide promptly as needed, the funds, facilities, services and other resources required for Parts C and D3 of the Project.
GTCL shall maintain until the completion of the Project, a project management unit, headed by an appropriately qualified project director, which shall include procurement and financial management specialists.
GTCL shall carry on its operations and conduct its affairs in accordance with sound administrative, financial, engineering, environmental and safety practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.
The Borrower through GTCL and PGCL shall ensure that land acquisition and resettlement activities under the Project are implemented strictly in accordance with the Resettlement Framework and the Resettlement Plans.
GTCL shall maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association, both in a manner adequate to reflect the operations and financial condition of GTCL, including the operations, resources and expenditures related to Parts C and D3 of the Project.
GTCL shall implement the EMP and the RAP, with respect to the Parts C and D3 of the Project, in accordance with the objectives, policies, procedures, time schedules and other provisions set forth therein.
The Borrower shall designate the following entities as the Project Executing Agencies that are responsible for carrying out the respective Parts of the Project: Part A: GTCL Part B: BGFCL Part C: SGCL Part D: TGTDCL.
GTCL declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Development Credit Agreement, and, to this end, shall carry out its part of the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, engineering, environmental and operational safety practices, and shall provide, or cause to be provided, promptly as needed, the funds, facilities, services and other resources required for its part of the Project.