Zakon o potvrđivanju Ugovora o zajmu (Projekat izgradnje brane sa akumulacijom Pambukovica) između Republike Srbije i Evropske banke za obnovu i razvoj

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Zakon o potvrđivanju Ugovora o zajmu (Projekat izgradnje brane sa akumulacijom Pambukovica) između Republike Srbije i Evropske banke za obnovu i razvoj

ARTICLE IIIČl. Section 3.01.

EXECUTION OF THE PROJECT

Član3.01.

Other Affirmative Project Covenants

In addition to the general undertakings set forth in Articles IV and V of the Standard Terms and Conditions, the Borrower, acting through the Beneficiary, shall, unless the Bank otherwise agrees:
a)
Cause all goods, works and services financed out of the proceeds of the Loan to be used exclusively for the purposes of the Project;
b)
Delegate to the Project Entity the day-to-day management of the Project, including without limitation, consolidated financial and procurement management;
c)
Support, cause and enable the Project Entity to perform all of its obligations under the Project Agreement, including without limitation, its obligations relating to:
(1)
establishment and operation of a project implementation unit as provided for in Section 2.02 of the Project Agreement;
(2)
procurement of goods, works and services as well as consultancy services from the Project as provided for in Section 2.03 of the Project Agreement;
(3)
environmental and social matters as provided for in Section 2.04 of the Project Agreement;
(4)
employment and use of consultants to assist in the implementation of the Project as provided for in Section 2.05 of the Project Agreement;
(5)
preparation and submission of reports on matters relating to the Project and to the Project Entity's operations as provided for in Section 2.06 of the Project Agreement;
(6)
maintenance of procedures, records and accounts, preparation, auditing and submission to the Bank of financial statements and furnishing to the Bank any other relevant information relating to the Project or the Project Entity's operations; and
(7)
compliance with all covenants regarding financial and operational aspects of the Project and the Project Entity as provided for in , 3.02, 3.03 and 3.04 of the Project Agreement;
d)
Use its best effort to provide or cause to be provided, when requested, all governmental licenses, approvals or consents required for the financing and carrying out the Project, and for the conduct of its business, including approvals and licenses necessary including the rights of way and other land-use rights required for the Project;
e)
Take, or cause to be taken, all additional action necessary to provide adequate funds for the completion of the Project, including, in particular, the government contributions, if required, in the form and to the extent agreed at such time; and
f)
Exempt from taxes (including, without limitation, VAT) and duties (including, without limitation, any customs duties) all goods, works and services (including consultancy services), procured by the Project Entity for the Project and financed from the proceeds of the Loan.