MGAP definition
Examples of MGAP in a sentence
To this end, the Borrower shall carry out the Project through MGAP and the PEU in accordance with the provisions of Article V of the General Conditions.
For the avoidance of doubt, the MGAP payments under this Section 4.3 shall be pro-rated for the number of applicable days within the given Contract Year if the Operational Term (or Operational Discretionary Term, if applicable) commencement or termination, or the expiration, termination or release of this Agreement associated with such payment, occurs during the given Contract Year rather than co-incident with the end of the Contract Year.
Furthermore, AP agrees and acknowledges that it shall not be entitled, by reason of expiration or termination of this Agreement, or voluntary release of acreage by AP, to any refund of any bonus, rental or other payments previously paid, nor be released from the obligation required by Section 4.3 to pay the MGAP for each applicable Specified Area of Interest.
For the avoidance of doubt, such adjustment shall mean that the applicable MGAP calculated for each Specific Area of Interest shall also be increased by a proportionate equivalent amount.
The Borrower’s Representative for purposes of taking any action required or permitted to be taken pursuant to this Section is the Borrower’s Minister of MGAP.
The Borrower, through MGAP, shall furnish to the Bank each Project Report not later than forty-five (45) days after the end of each calendar semester, covering the calendar semester.
The Minister of MGAP of the Borrower is designated as representative of the Borrower for the purposes of Section 11.03 of the General Conditions.
MGAP, will prepare a National Mapping of the NF in the years 2022, 2026, 2030, and 2034, with data corresponding to the previous year, and will provide the SSLB W.
The Borrower, through MGAP, shall operate and maintain, during Project execution, a unit (the PMU) with organizational structure, staff, functions and responsibilities satisfactory to the Bank, as set forth in the Operational Manual, for the implementation, coordination and supervision of the Project, including, inter alia, the responsibility of the PMU to implement, monitor and supervise the carrying out of the Project (including its financial management, procurement and safeguards aspects).
Without limitation upon paragraph 1 above, the Borrower, through MGAP, shall, and shall cause the Project Implementing Entities to, ensure that the Project is implemented in accordance with the Environmental and Social Commitment Plan (“ESCP”), in a manner acceptable to the Bank.