PVD definition
Examples of PVD in a sentence
Support PVD in its day-to-day management of the Project, through the provision of technical advisory services and audits and the financing of operating costs.
Upon receipt of a notification from the Bank allowing the establishment of the Special Account and to facilitate the carrying out of the Project, the Borrower through PVD may open and maintain in Dollars a separate special deposit account in Banco de la Nación, on terms and conditions satisfactory to the Bank, including appropriate protection against set-off, seizure and attachment.
For each payment made by the Borrower out of the Special Account, the Borrower shall, through PVD, at such time as the Bank shall reasonably request, furnish to the Bank such documents and other evidence showing that such payment was made exclusively for Eligible Expenditures.
The Borrower, through PVD, shall utilize standard bidding documents satisfactory to the Bank.
On the basis of each such request, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and deposit into the Special Account such amount as the Borrower, through PVD, shall have requested.