All of the provisions of the Bank's Standard Terms and Conditions dated 5 November 2021 are hereby incorporated into and made applicable to this Agreement with the same force and effect as if they were fully set forth herein (the “Standard
Wherever used in this Agreement (including the Preamble and Schedules), unless stated otherwise or the context otherwise requires, the terms defined in the Preamble have the respective meanings given to them therein, the terms defined in the Standard Terms and Conditions have the respective meanings given to them therein and the following terms have the following meanings:
“Borrower's Authorised Representative” means the Minister of Finance of the Borrower.
“Enforcement Policy and
Procedures” means the Bank’s Enforcement Policy and Procedures dated 4 October 2017.
“Environmental and
Social Action Plan” means the plan of environmental and social mitigation and improvement measures specifying environmental and social performance criteria, standards, policies, procedures, practices, capital investments and implementation schedules, including measures to achieve and maintain compliance with EBRD Performance Requirements 1-8 and 10 dated April 2019 to be agreed between the Bank, the Borrower, represented by MoME and the Project Entity prior to the signing of the Agreement; and which once agreed may be amended only with the prior written consent of the Bank.
“Fiscal Year” means the Borrower's fiscal year commencing on 1 January of each year.
“Loan” means, collectively, the Tranche 1 Loan and the Tranche 2 Loan, each referred to in
or, as the context may require, the principal amount thereof from time to time outstanding. “Margin” means in relation to each of the Tranche 1 Loan and the Tranche 2 Loan, one per cent (1%) per annum.
“MoME” means the Ministry of Mining and Energy of the Borrower.
“PIU" means the project implementation unit, including the team of professional and support staff with the necessary administrative powers as well as physical and financial resources necessary to implement the Project.
“Tranche 1 Loan” means the Tranche 1 Loan referred to in
(b), or as the context may otherwise require, the principal amount therefore outstanding from time to time.
“Tranche 2 Availability Date” means the date as of which the Tranche 2 Loan has become committed and available for Drawdowns as notified by the Bank to the Borrower
In this Agreement, a reference to a specified Article, Section or Schedule shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of, or Schedule to, this Agreement.