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.
"Designated Performance Requirements" means Performance Requirements 1 through 8 and 10 (or, as the context may require, any one of such Performance Requirements) of the Performance Requirements related to the Bank’s Environmental and Social Policy dated April 2019.
“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 dated 14 February 2025, as such plan may be amended from time to time with the prior written consent of the Bank specifying environmental and social activities, procedures, management systems and standards, capital investments and implementation schedules, including measures to achieve and maintain compliance with EBRD Performance Requirements 1-8 and 10 dated April 2019.
“Fiscal Year” means the Borrower's fiscal year commencing on 1 January of each year. “Project Implementation Unit” or “PIU” means the project implementation unit referred to in
“Subsidiary Agreement” means each subsidiary agreement, as it relates to a Sub-Project entered into (with the prior written consent of the Bank) between the Project Entity and a public institution located within an LSG.
“Sub-Project” means each investment in the boiler houses located on the territory of the relevant LSG.
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.