Project PTP definition
Examples of Project PTP in a sentence
The Borrower shall, for each Project PTP, select and train the relevant factory managers, assistant factory managers and maintenance engineers, and shall appoint such persons at least six months prior to the estimated commissioning date of the relevant factory.
The Borrower shall cause each Project PTP to take out and maintain with responsible insurers or to make other provision satisfactory to the Bank for insurance against such risks and in such amounts as shall be consistent with appropriate practice.
The Borrower shall prepare, or cause to be prepared, by June 30, 1989, for each Project PTP an action plan satisfactory to the Bank, to improve financial and other aspects of such PTP.
The Borrower shall cause each Project PTP at all times to manage its affairs, maintain its financial position, plan its future expansion and carry on its operations, all in accordance with sound agricultural, business, engineering, environmental and financial practices and under the supervision of experienced and competent management and supervisors, assisted by qualified staff in adequate numbers.