Project Undertakings. The undertakings in this clause 21 (Project undertakings) shall remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.
Project Undertakings. 5.1 The Beneficiary shall be fully responsible for the implementation of the Project. Without limiting the generality of what is said elsewhere in the Grant Agreement, the Beneficiary specifically warrants, undertakes and covenants that: it shall ensure that the proceeds of the Grant shall be used solely for the payment of reasonable cost of goods, works and/or services required for the implementation of the Project; it shall take, or cause to be taken all actions which are necessary to implement the Project with due diligence and efficiency and in accordance with the Grant Agreement, as well as in conformity with appropriate administrative, financial, engineering, social and environmental practices, in order to ensure that the Project comply with the highest industry standards; it shall take all actions which are necessary to ensure that the property, equipment and/or assets, provided to the Beneficiary through the Grant within the Project, will be used for the intended purpose as described in Annex 1 and remain the property of the Beneficiary for not less than five (5) years from the date of the commissioning of the Project unless otherwise agreed by NEFCO; it shall comply with all applicable laws, statutes and regulations as well as with relevant agreements to which it is a party; it has taken, or shall promptly take action within its powers to approve and provide, or make to be approved and provided, all rights, licenses, filings, registration and authorizations that are necessary for the implementation of the Project; it shall ensure that the scope of the Project is not, and will not be materially changed, unless NEFCO shall otherwise approve in writing; it shall comply with any reporting obligations specified in Annex 1 (the Project Description and Reporting), including in particular the environmental reporting obligations; it shall furnish to NEFCO, or cause to be furnished in a timely manner any reports and information required under Annex 1, as well as any such other reports and information relating to the implementation of the Project as NEFCO or any donor to the Fund may reasonably request, including, without limitation, a final report following the completion of the Project; it shall provide, or cause to be provided access and make other arrangements for NEFCO or NEFCO’s representative(s), including representiatives of the donors to the Fund, to visit all relevant construction and/or other sites of the Project and review all books of account re...
Project Undertakings. Access Right Holder must:
Project Undertakings. ARTICLE 6
Project Undertakings. Subject to the provisions of paragraph 2 of this Section B, the Borrower shall ensure that the Project is carried out in accordance with the Operations Manual and the Current ESSF, and shall ensure that the Operations Manual and the Current ESSF are not materially revised, amended or abrogated without the prior approval of the Bank. Within nine (9) months from the date of this Agreement, the Borrower shall prepare, adopt, and publish on its Web site, an enhanced Environmental and Social Safeguards Framework, satisfactory to the Bank, which shall summarize the policies and provisions related to the Sub-projects for: (a) carrying out environment and social assessment; (b) conducting consultations with relevant stakeholders; (c) preparing, reviewing and implementing management plans such as Environment Management Plans, Resettlement Action Plans, Tribal Development Plans, as applicable; (d) processing and redressing grievances; and (e) carrying out monitoring and evaluation of implementation outcomes. The Borrower shall update the respective environmental and social sections of the Operations Manual and ensure that the Project is carried out in accordance with the enhanced Environmental and Social Safeguards Framework immediately following its adoption. The enhanced Environmental and Social Safeguards Framework may be revised from time to time with the prior approval of the Bank.
Project Undertakings. 8.1 Operator Obligations The Operator shall:
Project Undertakings. The portfolio to cover large number of EU Member States to create a diversified portfolio. Pricing The product will be priced at market terms. State Aid The venture debt product will be deployed on market terms or following bespoke State aid regime modelled on the Temporary Framework as agreed with DG Competition.
Project Undertakings. Care and diligence The Beneficiary shall apply, and shall insert a provision in the Co-Implementation Agreement obliging the Co-Implementing Partner to apply, all care and diligence, and shall exercise, and shall insert a provision in the Co-Implementation Agreement obliging the Co-Implementing Partner to exercise, all typically used means (including, but not limited to, legal, financial, managerial and technical means) required for the proper implementation of the Project. The Beneficiary shall ensure that all the land, real property rights and permits required for the implementation of the Project are timely available. The Beneficiary shall ensure that all assets under the Project are insured, operated and maintained in accordance with international best practices.
Project Undertakings. Use of disbursed Tranches and available other funds The Borrower shall use the proceeds of the disbursed Tranches and the other funds mentioned in the Recitals exclusively for the financing of the Project. The Borrower shall make available the proceeds of the disbursed Tranches pursuant to the Subsidiary Loan Agreement and exercise its rights thereunder in such a manner as to protect the interests of the Borrower and the Bank, to comply with the provisions of this Contract and to accomplish the purposes for which the Credit was made. The Borrower shall not, except as the Bank otherwise agrees, assign, amend, abrogate or waive any right or provision of the Subsidiary Loan Agreement. The Borrower shall ensure that it has available to it the other funds listed in Recital (6) and that such funds are expended, to the extent required, on the financing of the Project.
