In addition to the general undertakings set forth in Articles IV and V of the Standard Terms and Conditions, the Borrower acting through MoME shall, unless the Bank otherwise agrees:
a)
make available to the Project Entity, pursuant to an agreement in form and substance satisfactory to the Bank, the proceeds of the Loan on terms and conditions acceptable to the Bank;
b)
cause all goods, works and services financed out of the proceeds of the Loan to be used exclusively for the purposes of the Project;
c)
delegate to the Project Entity the day-to-day management of the Project, including, but not limited to, the consolidated financial and procurement management;
d)
perform all its obligations under the Project Agreement;
e)
cause the Project Entity to fulfil all of its obligations under the Project Agreement;
f)
provide or cause to be provided, when requested, all governmental licenses, approvals or consents required by the Project Entity for the Project, and for carrying out their businesses, including all approvals and licenses necessary to ensure that the Project Entity are granted rights of way and other land use rights necessary for carrying out the Project;
g)
exempt from VAT and custom duties, all goods, works and services procured by the Borrower, acting through the MoME, or the Project Entity, for the Project and financed from the proceeds of the Loan;
h)
take all actions necessary to provide adequate funds for the completion of the Project;
i)
ensure the implementation of the Environmental and Social Action Plan, and compliance with the EBRD’s Environmental and Social Policy by the Project Entity;
j)
ensure that the Project Entity has adequate resources and suitably qualified personnel during the implementation of the Project as well as after the completion of the Project; and
k)
transfer the assets to be financed from the proceeds of the Loan and Investment Grants to Project Entity as applicable.