TANROADS definition
Examples of TANROADS in a sentence
The Additional Legal Matter shall be that the Subsidiary Agreements have been duly authorized by the Recipient, TANROADS and TAA, as the case may be, and are legally binding upon the Recipient, TANROADS and TAA in accordance with their respective terms.
The Recipient shall ensure that TANROADS is maintained at all times during the implementation of the Project with functions and resources satisfactory to the Association, supported by qualified and experienced staffing in adequate numbers, in order to provide assistance as required to MoIC (Zanzibar) and PMO-RALG in the carrying out of their responsibilities under this Agreement.
To this end, the Recipient shall carry out Parts C and D of the Project through MoID, and cause Parts A and E of the Project to be carried out by TANROADS and cause Part B to be carried out by TAA, all in accordance with the provisions of Article IV of the General Conditions.
Without limitation on the provisions of Part A of this Section, the Recipient shall cause TANROADS, TAA and MoID to prepare and furnish to the Association as part of the Project Report, interim unaudited financial reports for the Project covering one calendar quarter, in form and substance satisfactory to the Association.
The Additional Legal Matter is that the Implementation Agreement has been duly authorized or ratified by the Recipient and TANROADS and is legally binding upon the Recipient and TANROADS in accordance with its terms.
The Recipient shall cause TANROADS, TAA and MoID to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions.
The Additional Events of Suspension consist of the following: TANROADS’ or TAA’s enabling legislation (referred to in Section I.18 and I.17, respectively, of the Appendix to this Agreement) has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of TANROADS or TAA to perform any of its obligations under its respective Subsidiary Agreement.
The Recipient shall cause TANROADS, TAA and MoID to prepare and adopt the Project Implementation Plan (PIP), in form and substance satisfactory to the Association.
The Recipient shall cause TANROADS, TAA and MoID to monitor and evaluate the progress of the Project and prepare Project Reports in accordance with the provisions of Section 4.08 of the General Conditions and on the basis of the indicators agreed with the Association and set forth in the PIP.
TANROADS 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 conditions of the TANROADS, including the operations, resources and expenditures related to the Project.