GWCL definition
Examples of GWCL in a sentence
The objectives of the Project are to: (i) significantly increase access to the piped water system in the Recipient’s urban centers, with an emphasis on improving access, affordability and service reliability to the urban poor; and (ii) restore long term financial stability, viability and sustainability to GWCL.
Institutional strengthening of GWCL, including design of an organizational structure, reorganization of GWCL, development of business plans, work plans and budgets, development of a financing plan and establishment of financial controls, installation of a management information system, and preparation of a human resources development and training plan for GWCL’s operations.
The aggregate of the overdue invoices from GWCL to BDDG under the WPA will be calculated at Completion in accordance with Schedule 2 (the "Completion Overdue Amount").
Any action required or permitted to be taken, and any document required or permitted to be executed, under this Agreement on behalf of GWCL, may be taken or executed by its Managing Director or such other person or persons as GWCL shall designate in writing, and GWCL shall furnish to the Association sufficient evidence of the authority and the authenticated specimen signature of each such person.
GWCL shall at all times operate and maintain its plant, machinery, equipment and other property, and from time to time, promptly as needed, make all necessary repairs and renewals thereof, all in accordance with sound engineering, financial and environmental practices.
For the sake of clarity, the aggregate GWCL Invoices Deferred Payment Amount shall not exceed 50% of the Completion Overdue Amount and all outstanding invoices shall be treated on an aggregate basis with no payment preference (regardless of what the payment from GWCL might indicate) being applied to any specific invoice for the calculation of the GWCL Invoices Deferred Payment Amount.
GWCL shall carry on its operations and conduct its affairs in accordance with sound administrative, financial and environmental practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.
Strengthening the operation of GWCL by contracting out the operation of existing and new plants and the commercial, general and selected administrative operations to private operator(s) under "Management Contract”, or similar arrangement, based upon competitive bidding.
To the extent total overdue receivables in the future are reduced below the Completion Overdue Amount at the relevant date of calculation, then the Purchaser shall pay the Seller 50% of the difference between the Completion Overdue Amount and the total overdue receivables at that time (the "GWCL Invoices Deferred Payment Amount") within five (5) Business Days after the calculation date below.
The Recipient shall establish a Retrenchment Committee for oversight of the Severance Program and shall ensure that employees of GWCL that are retrenched shall receive Severance Payments in accordance with the Severance Program.