Common use of Effective Date; Termination Clause in Contracts

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Project. Section 6.02. The following are specified as additional matters, with the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by and is legally binding upon the Borrower and said Entity in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) a Project Agreement has the terms of reference, the short-list of firms and the request for proposals to be sent to such firms, regarding the consulting services referred to in Section 3.04 of this Agreement, have been executed on behalf of presented to, and found satisfactory by, the Association and an Entity on terms and conditions satisfactory to the AssociationBank; (b) for the Entity financial management systems referred to paragraph (a) in Sections 4.01 and 4.03 of this Agreement and in Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf 3.01 of the Borrower Recife Project Agreement and said Entitythe Olinda Project Agreement have been established, on terms and conditions satisfactory to the Association; and (ii) relevant staff of CONDEPE/FIDEM, COMPESA and the Program Manual, satisfactory to Municipalities have received a minimum of 40 hours of training in the Association, has been adopted by said Entityuse of such systems; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpskaa manual, respectively, in a manner and under terms of reference satisfactory to the Association;Bank, has been issued by CONDEPE/FIDEM with the policies and procedures for the carrying out of the Project, including, inter alia, the roles and responsibilities of CONDEPE/FIDEM, COMPESA and the Municipalities in the carrying out of the Project, their Project related reporting obligations, guidelines for the works under the Project including environmental specifications to be included in the bidding documents, standard bidding documents to be used for national competitive bidding procedures, and indicators to measure the progress of the Project (the Operational Manual); and (d) the Project Coordination Secretariat has been established by Subsidiary Agreements, the Minister of Civil Affairs, CONDEPE/FIDEM Agreement and a Grants coordinator and an education finance coordinator the COMPESA Agreement have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of entered into between the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectrespective parties thereto. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationBank: (a) that the Loan has been validly registered by the Guarantor’s Central Bank; (b) the Recife Project Agreement has and the Olinda Project Agreement have been duly authorized or ratified by the Entity concerned authorized, and is are legally binding on said Entity upon Recife and Olinda, respectively, in accordance with its their terms; and (bc) that the Subsidiary Credit CONDEPE/FIDEM Agreement referred to in Section 6.01 (b) (i) has and the COMPESA Agreement have been duly authorized or ratified by authorized, and is are legally binding upon the Borrower CONDEPE/FIDEM and said Entity COMPESA, respectively, in accordance with its their terms. Section 6.03. The date ninety (90) days after the date of this Agreement October 21, 2003, is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a the Borrower has made the initial deposit into the Project Agreement has been executed on behalf Account in accordance with the provisions of the Association and an Entity on terms and conditions satisfactory to the AssociationSection 3.02(b) of this Agreement; (b) for the Entity referred to paragraph (a) of this Section 6.01: Borrower has appointed: (i) a Subsidiary Credit Agreement has been executed on behalf of project manager for the Borrower Project; and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manuala financial management officer, satisfactory two assistant accountants and a procurement officer to the AssociationPOU of the Seila Task Force Secretariat, has been adopted by said Entityin accordance with paragraph 2 of Schedule 4 to this Agreement; (c) the School Grants Evaluation Board Borrower has: (i) established at the POU of the Seila Task Force Secretariat a computerized financial management system for the Project, including design of the chart of accounts and installation of a specialized financial management software to, inter alia, produce financial monitoring reports, all in a form and substance satisfactory to the Association, and (ii) provided training to the staff of the POU of the Seila Task Force Secretariat, of each Provincial Treasury and the School Grants Quality Assurance Team have been established by PLG provincial financial advisor at each Project Province in the Federation above-mentioned financial management system and Republika Srpskain the Association’s Credit disbursement procedures, respectively, all in a manner and under terms of reference substance satisfactory to the Association; (d) the Borrower has adopted the Project Coordination Secretariat has been established by the Minister of Civil AffairsImplementation Manual, and including a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contractedmanual, in accordance with paragraph 3 of Schedule 4 to form part of the Project Coordination Secretariat; andthis Agreement; (e) the Association Borrower has completed satisfactorily its financial management assessment of formally issued a ▇▇▇▇▇▇ on Commune/Sangkat procurement guidelines, in form and substance satisfactory to the ProjectAssociation; and (f) the Borrower has formally issued regulations on Commune/Sangkat external audit guidelines, in form and substance satisfactory to the Association. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has Environmental Analysis and Sub-project Review Procedures, the Framework for Land Acquisition Policy and Procedures, and the Highland People’s Development Plan have been duly authorized or ratified by the Entity concerned Borrower and is are legally binding on said Entity and enforceable in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by and is legally binding upon the Borrower and said Entity in accordance with its termsCambodian law. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.017.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a the Project Agreement has Implementation Manual and Procedures Manual have been executed on behalf of the Association and an Entity on terms and conditions satisfactory to duly approved by the Association, and adopted by the Borrower; (b) for the Entity Borrower has established an adequate financial management and accounting system, and a management information system to monitor performance indicators referred to in paragraph 4 (a) of this Section 6.01: (i) a Subsidiary Credit Agreement of Schedule 4 to this Agreement, and selected the auditors referred to in Article IV of this Agreement, in accordance with Section II of Schedule 3 to this Agreement; (c) FDES has been executed duly established, and the FDES Convention signed and delivered on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the AssociationFDES; (d) the Project Coordination Secretariat has Accounts have been established by the Minister of Civil Affairsduly opened, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part the amounts of the Project Coordination Secretariat; andinitial deposits deposited therein in accordance with Section 3.05 (b) (i) of this Agreement; (e) the Association Project Coordinator, FDES Executive Director, and four Project Managers referred to in paragraph 3 (b) of Schedule 4 to this Agreement, shall have been duly recruited, in accordance with Section II of Schedule 3 to this Agreement; and (f) the Borrower has completed satisfactorily made satisfactory progress in the implementation of its financial management assessment teacher recruitment and redeployment program in accordance with Part VI (Conditions Critical to the Success of the ProjectProgram) of the Program, and the Implementation Schedule attached thereto. Section 6.027.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that , namely, that: the Project Agreement FDES Convention has been duly authorized or ratified by the Entity concerned Borrower and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by FDES, and is legally binding upon the Borrower and said Entity FDES in accordance with its terms. Section 6.037.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.047.04. The obligations of the Borrower under Article III of this Agreement IV shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, CACB; (b) the UNDP Project Document has been duly signed on terms behalf of the parties thereto and conditions satisfactory precedent to the Associationeffectiveness of such agreement or to the right of the Borrower to make withdrawals thereunder, if any, save for the effectiveness of this Agreement, have been fulfilled; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, credit coordinator referred to in a manner and under terms of reference satisfactory to the Association; Section 3.02 (da) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) Agreement shall have been appointed by CACB in accordance with the Association has completed satisfactorily its financial management assessment of the Projectprovisions thereof. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned CACB, and executed and delivered on behalf of, CACB and is legally binding on said Entity upon CACB in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by by, and executed and delivered on behalf of, the Borrower and CACB, respectively, and is legally binding upon the Borrower and said Entity CACB in accordance with its terms. Section 6.03. The date ninety (90) 120 days after the date of this Agreement Agree- ment is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III the provisions of Section 5.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) twenty-five years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement Convention has been executed on behalf of the Borrower and said EntityFID; (b) the Manual of Procedures, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to Borrower and the Association, has been adopted by said EntityFID; (c) the School Grants Evaluation Board accounting and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpskafinancial management systems, respectively, in a manner and under terms of reference satisfactory to the Association, have been set up by the BPS for Parts A.2, B and C of the Project and by FID for Part A.1 of the Project; (d) the Project Coordination Secretariat has been established by the Minister auditors referred to in Section 4.01 (b) of Civil Affairs, this Agreement and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part in Section 4.01 (b) of the Project Coordination Secretariat; andAgreement have been appointed for a period of three years; (e) the Association Borrower has completed satisfactorily its financial management assessment made the initial contributions into the two accounts referred to in Section 3.01 (e) of this Agreement in accordance with the Projectprovisions of such Section; (f) the monitoring and evaluation specialist at the national level has been employed by the BPS in accordance with the provisions of Section II of Schedule 3 to this Agreement; and (g) the executive director of FID and the regional directors for FID offices in the Provinces of Antananarivo and Toliary have been appointed. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association, that: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned FID and is legally binding on said Entity upon FID in accordance with its terms; (b) the Convention has been duly authorized or ratified by the Borrower and FID and is legally binding upon the Borrower and FID in accordance with its terms; and (bc) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) Manual of Procedures has been duly authorized or ratified approved by FID and is legally binding upon the Borrower and said Entity FID in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Sec- tion 4.01 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Financing Agreement has been executed on behalf of the Borrower and said EntityPPWSA, in accordance with the provisions of Section 3.02 (b) of this Agreement; (b) the Subsidiary Grant Agreement has been executed on terms behalf of the Borrower and conditions satisfactory to CFD, in accordance with the Associationprovisions of Section 3.02 (a) of this Agreement; and (iic) the Program ManualCFD has adopted a Project Implementation Plan, including a financial management manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms accordance with paragraph 2 of reference satisfactory Schedule 2 to the Association; (d) the CFD Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectAgreement. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the CFD Project Agreement has been duly authorized or ratified by the Entity concerned CFD, and is legally binding on said Entity upon CFD in accordance with its terms; (b) that the Amended and Restated PPWSA Project Agreement has been duly authorized or ratified by PPWSA, and is legally binding upon PPWSA in accordance with its terms; (c) that the Subsidiary Grant Agreement has been duly authorized or ratified by the Borrower and CFD and is legally binding upon the Borrower and CFD in accordance with its terms; and (bd) that the revised Subsidiary Credit Financing Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and PPWSA and is legally binding upon the Borrower and said Entity PPWSA in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III the provisions of Section 5.02 of this Agreement shall cease and determine on the date on which the Amended and Restated Development Credit Financing Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.017.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has the FASP Convention, Seminars Fund Convention and MMF Convention have each been executed on behalf of the Association duly signed and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed delivered on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; andFASP; (iib) the Program Manual, satisfactory CRC Protocol of Agreement referred to the Association, in paragraph 4 of Schedule 4 to this Agreement has been adopted by said Entityduly signed and delivered on behalf of FASP and CRC; (c) the School Grants Evaluation Board Procedures Manual has been duly approved by the Borrower and the School Grants Quality Assurance Team have been established Association, and adopted by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the AssociationFASP; (d) the Project Coordination Secretariat Implementation Plan has been established duly approved by the Minister of Civil AffairsAssociation, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of adopted by the Project Coordination SecretariatBorrower; and (e) the Association Project Account has completed satisfactorily its financial management assessment been duly opened, and the initial amount of the Project$50,000 equivalent deposited therein. Section 6.027.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) : namely, that the Project Agreement has FASP Convention, Seminars Fund Convention and MMF Convention have each been duly authorized or ratified by the Entity concerned Borrower and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by FASP, and is are legally binding upon the Borrower and said Entity FASP in accordance with its their respective terms. Section 6.037.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.047.04. The obligations of the Borrower under Article III IV of this Agreement shall cease and determine on the date on which the Development Credit this Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) a Project the First Subsidiary Loan Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed signed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; andSEDAPAL; (iib) the Program Manual, satisfactory to the Association, Management Agreement for 1995 has been adopted by said Entitysigned on behalf of the Borrower and SEDAPAL; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have Implementation Manual has been established duly approved by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the AssociationSEDAPAL; (d) the Project Coordination Secretariat has PCC and PMU have been established by and the Minister of Civil Affairsfollowing personnel have been employed in the PMU: the Project manager, a procurement specialist, a field supervision engineer, a financial manager and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andsocial assessment specialist; (e) the Association Borrower has completed satisfactorily its financial management assessment furnished to the Bank a time-bound plan, satisfactory to the Bank, to set up a mechanism for the financing of secondary works in the ProjectLima Metropolitan Area; (f) the Borrower's Executive Branch has enacted regulations, satisfactory to the Bank, to the Services Law; such regulations to include specific norms and criteria regarding the tariff structure and levels for the provision of water supply and sewerage services; and (g) ▇▇▇▇▇▇▇ has opened the Project Account in a manner satisfactory to the Bank. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationBank: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned SEDAPAL, and is legally binding on said Entity upon SEDAPAL in accordance with its terms; and; (b) that the First Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and SEDAPAL and is legally binding upon the Borrower and said Entity SEDAPAL in accordance with its terms; (c) that the Management Agreement for 1995 has been duly authorized or ratified by the Borrower and SEDAPAL and is legally binding upon the Borrower and SEDAPAL in accordance with its terms; (d) that the Regulations have been legally enacted and are in full force and effect; and (e) that the Implementation Manual has been duly approved by SEDAPAL. Section 6.03. The date ninety (90) days after the date of this Agreement May 2, 1995 is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has Loan Agreements have been executed on behalf of the Borrower and said Entityof DICOL and EAGB, on terms and conditions satisfactory to the Associationrespectively; and (iib) the Program ManualBorrower shall have presented financing plans for MNRI (the MNRI Financing Plan), DICOL (the DICOL Financing Plan) and EAGB (the EAGB Financing Plan), satisfactory to the Association, has been adopted by said Entity; (c) delineating the School Grants Evaluation Board sources of financing and expected expenditures of MNRI, DICOL and EAGB over no shorter than a three-year period beginning with the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms date of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectsuch presentation. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the DICOL Project Agreement has been duly authorized or ratified by the Entity concerned DICOL and is legally binding on said Entity upon DICOL in accordance with its terms; and; (b) that the Subsidiary Credit EAGB Project Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by EAGB and is legally binding upon EAGB in accordance with its terms; (c) that the DICOL Subsidiary Loan Agreements have been duly authorized or ratified by the Borrower and DICOL and are legally binding upon the Borrower and DICOL in accordance with their respective terms; and (d) that the EAGB Subsidiary Loan Agreement has been duly authorized or ratified by the Borrower and EAGB and is legally binding upon the Borrower and said Entity EAGB in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section Sections 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Sections 3.06 and 4.02 of this Agreement and Schedule 6 to this Agreement, shall cease and determine on the earlier of the date on which the Development Credit Agreement shall terminate or on and the date twenty (20) four years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entitythe Generation Company; (b) the NDF Loan Agreement and the NORAD Loan Agreement have been executed and delivered and all conditions precedent to the effectiveness or to the right of the Borrower to make withdrawals under the NDF Loan Agreement and the NORAD Loan Agreement, on terms respectively, (except for the effectiveness of the Development Credit Agreement), have been fulfilled; (i) MEMD has employed an accountant with qualifications and conditions experience satisfactory to the Association, to assist in the implementation of Parts C and D of the Project; and (ii) the Program Manual, satisfactory to the Association, Generation Company has been adopted by said Entity; (c) the School Grants Evaluation Board employed an environment officer with qualifications and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference experience satisfactory to the Association; (d) the Generation Company Project Coordination Secretariat has been established by Implementation Manual and the Minister of Civil AffairsMEMD Project Implementation Manual, in form and a Grants coordinator and an education finance coordinator substance satisfactory to the Association, have been hired, adopted and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, furnished to form part of the Project Coordination Secretariat; andAssociation; (e) the Borrower has: (i) settled all overdue arrears payable to the Distribution Company as of June 30, 2001; and (ii) furnished to the Association has completed satisfactorily its an action plan to ensure that the Borrower’s agencies shall remain current on their electricity bills; (f) UEB and the Generation Company have executed the Management Services Agreement; and (g) UEB and the Generation Company have adopted financial management assessment arrangements, satisfactory to the Association, for the implementation of Parts A.1, A.3 (a), ▇.4, A.5, and Part B of the Project. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned Generation Company and is legally binding on said Entity upon the Generation Company in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and the Generation Company and is legally binding upon the Borrower and said Entity the Generation Company in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; andSOLIMA; (iib) the Program Manual, satisfactory Project coordinator referred to the Association, in paragraph 1 of Schedule 4 to this Agreement has been adopted by said Entityappointed; (c) the School Grants Evaluation Board Project manager, the mechanical engineer, the accountant and the School Grants Quality Assurance Team engineering consultant have been established by the Federation and Republika Srpska, respectivelyemployed, in a manner and under terms accordance with the provisions of reference satisfactory paragraph 1 of the Schedule to the Association;Project Agreement; and (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and[Deleted] (e) standard bidding documents for the Association has completed satisfactorily its financial management assessment procurement of crude oil, acceptable to the ProjectAssociation, have been adopted by the Borrower and SOLIMA. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned SOLIMA and is legally binding on said Entity upon SOLIMA in accordance with its terms; and; (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and SOLIMA and is legally binding upon the Borrower and said Entity SOLIMA in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Section 4.01 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a TANESCO Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said EntityTANESCO; (b) TANESCO has appointed the project manager for the lower Kihansi hydro-power scheme with qualifications and experience, on and under terms and conditions satisfactory to the Association; and (ii) the Program Manualconditions, satisfactory to the Association, has been adopted by said Entity; (c) TANESCO has established the School Grants Evaluation Board project management unit referred to in paragraph 1 of Schedule 2 to the Project Agreement and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in appointed a manner and under terms of reference Project Manager satisfactory to the Association; (d) the Project Coordination Secretariat Borrower has taken action satisfactory to the Association to finalise all cofinancing arrangements required for the Project; (e) TANESCO’s average tariff has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, increased to form part of the Project Coordination SecretariatUS $0.09 per kWh; and (ef) the Association TANESCO has completed satisfactorily its financial management assessment the certification of the Projectoutstanding bills due from the Borrower’s agencies and the Borrower has paid TANESCO for all such outstanding bills. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned TANESCO, and is legally binding on said Entity upon TANESCO in accordance with its terms; and (b) that the TANESCO Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and TANESCO and is legally binding upon the Borrower and said Entity TANESCO in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project the Subsidiary Loan Agreement has been executed on behalf of Maharashtra and the Association and an Entity on terms and conditions satisfactory to the AssociationCorporation; (b) all conditions precedent to the effectiveness of the Loan Agreement shall have been fulfilled, other than those related to the effectiveness of this Agreement; (c) the Corporation has issued a Letter of Acceptance to the successful bidder in respect of the contract for the Entity referred to paragraph (a) construction of this Section 6.01: the Worli and ▇▇▇▇▇▇ outfalls under Part A (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower Project; (d) the Corporation has issued Tenders for the works to be carried out under Part A (vii) of the Project; (e) consultants’ contracts for the carrying out of Parts B (ii) and said Entity, on terms and conditions satisfactory to (iii) of the AssociationProject have been awarded; and (iif) the Program ManualAssociation has received consultant recruitment documentation and program, satisfactory to the Association, has been adopted by said Entity; for the recruitment of consultants for the supervision of construction of works to be carried out under Parts A (ci) the School Grants Evaluation Board through (v) and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (dvii) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Project. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Maharashtra Agreement has been duly authorized or ratified by Maharashtra, and is legally binding upon Maharashtra in accordance with its terms; (b) that the Project Agreement has been duly authorized or ratified by the Entity concerned Corporation, and is legally binding on said Entity upon the Corporation in accordance with its terms; and (bc) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by Maharashtra and the Corporation and is legally binding upon Maharashtra and the Borrower and said Entity Corporation in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations provisions of the Borrower under Article III paragraph (b) of Section 5.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) 25 years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General ConditionsCondition: (a) a Project Agreement has been executed on behalf of the Association The Agency and an Entity on terms and conditions Funding Agreement, satisfactory to the Association;, has been entered into by the Borrower and IGA. (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said EntityAt least one Project Support Agreement, on terms and conditions satisfactory to the Association; and, has been entered into by the parties thereto. (iic) An Operations Manual, which sets out the Program Manualoperating policies and procedures of IGA for support of the Export Financing FacilityExport Financing/Guarantee Facility and Performance Bond SupportExport Performance Support Facility, satisfactory to the Association, has been adopted and approved by said Entity;IGA and the Borrower. (cd) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika SrpskaA financial management system for IGA, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat , has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectestablished. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned by, and executed and delivered on behalf of, IGA and is legally binding on said Entity upon IGA in accordance with its terms; (b) that the Agency and Funding Agreement has been duly authorized and executed by the parties thereto and is legally binding upon them in accordance with its terms; and (bc) that the Subsidiary Credit Agreement Project Support Agreement, referred to in Section 6.01 (bSsection 6.01(b) (i) hereof, has been duly authorized or ratified and executed by the parties thereto, and is legally binding upon the Borrower and said Entity them in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article Articles III and V of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; andADMMEC; (iib) the Program Manual, satisfactory to the Association, Special Account has been adopted by said Entityestablished in accordance with Section 2.02 (b) of this Agreement; (c) the School Grants Evaluation Board following ADMMEC staff referred to in Section 3.01 of the Project Agreement have been appointed: the accountant, the senior executive with monitoring and evaluation experience, the senior executive with project management experience and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Associationrural finance specialist; (d) at least two consulting firms for the Project Coordination Secretariat has been established by the Minister execution of Civil Affairs, savings and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part loan promotion schemes under Part A (a) of the Project Coordination Secretariat; andhave been employed in accordance with the provisions of Section II of the Schedule to the Project Agreement; (e) the Association Borrower has completed satisfactorily adopted and promulgated its financial management assessment of Law Regulating Savings and Loan Associations (Ordonnance portant reglementation des activites d’epargne, de credit et de cautionnement des institutions financicres mutualistes); and (f) the ProjectBorrower has established the Steering Committee. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned ADMMEC and is legally binding on said Entity upon ADMMEC in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and ADMMEC and is legally binding upon the Borrower and said Entity ADMMEC in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General ConditionsConditions : (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity▇▇▇▇▇▇▇; (b) the Project Account has been opened and the initial contribution referred to in Section 3.05 (b) of this Agreement has been deposited therein; (c) FODEFCA has adopted an Operational Manual and an Administrative and Financial Manual, on terms both in form and conditions substance satisfactory to the Borrower and the Association; (d) FODEFCA has employed the independent auditors referred to in Section 4.01 of this Agreement and in Section 4.01 of the Project Agreement, in accordance with the provisions of Section II of Schedule 1 to the Project Agreement; (e) FODEFCA has established an accounting and financial management system for the Project, satisfactory to the Association; and (ii▇) ▇▇▇▇▇▇▇ has appointed its Administrative and Financial Chief, its Chief of Studies and Information, Education and Communication, an accountant, a procurement specialist and two vocational training advisors, all in accordance with the Program Manual, satisfactory provisions of Section II of Schedule 1 to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectAgreement. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationAssociation : (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned FODEFCA, and is legally binding on said Entity upon FODEFCA in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and FODEFCA and is legally binding upon the Borrower and said Entity FODEFCA in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Section 4.01 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) Operational Manual has been adopted satisfactory to the Association; (ii) a Subsidiary Credit Financing Agreement has been executed on behalf of the Borrower and said Entity, Entity on terms and conditions satisfactory to the Association; and; (iiiii) the Program Manualfinancial management system referred to in Section 3.01 of the respective Project Agreement, satisfactory in a format acceptable to the Association, has been adopted by said Entityestablished; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team auditors referred to in Section 4.01 (b) (i) of this Agreement have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association;employed; and (d) that the Project Coordination Secretariat Standards and Assessment Agency has been established by in a manner acceptable to the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectAssociation. Section 6.02. The following are specified as additional matters, with the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Financing Agreement referred to in Section 6.01 (b) (iii) has been duly authorized or ratified by and is legally binding upon the Borrower and said Entity in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.017.01. The following events are specified as additional conditions to the effectiveness of this Agreement Association within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement the AGETIPA Convention has been executed on behalf of the Association duly signed and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed delivered on behalf of the Borrower and said EntityAGETIPA; (b) the Procedures Manual has been duly amended, on terms and conditions satisfactory pursuant to the Association; and paragraph 1 (a) (ii) of Schedule 4 to this Agreement, to take account of the Program Manual, satisfactory to specific objectives of the Association, has been adopted by said EntityProject; (c) the School Grants Evaluation Board AGETIPA Project Account has been duly opened, and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms initial amount of reference satisfactory to the Association$500,000 equivalent deposited therein; (d) the auditors referred to in Article IV of this Agreement and the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator Agreement have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, duly selected in accordance with Section II of Schedule 3 to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectthis Agreement. Section 6.027.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned AGETIPA, and is legally binding on said Entity upon AGETIPA in accordance with its terms; and; (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) AGETIPA Convention has been duly authorized or ratified by the Borrower and AGETIPA, and is legally binding upon the Borrower and said Entity AGETIPA in accordance with its terms. Section 6.037.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.047.04. The obligations of the Borrower under Article III IV of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.017.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) a Project Agreement the Guarantor has been executed on behalf of approved the Association and an Entity on terms and conditions satisfactory to Borrower’s sewer rates as agreed with the AssociationBank; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions has made arrangements with the CERF or has made other arrangements satisfactory to the Association; and Bank for the financing for the Project referred to in Recital (iiD) the Program Manual, satisfactory to the Association, has been adopted by said Entitythis Agreement; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika SrpskaBorrower has adopted procedures, respectively, in a manner and under terms of reference satisfactory to the AssociationBank, for billing and collecting sewer charges; (d) the Project Coordination Secretariat Borrower has been established by entered into an agreement with the Minister of Civil AffairsGuarantor, satisfactory to the Bank, pursuant to which the Borrower shall lease from the Guarantor the land required for the construc- tion and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part operation of the Project Coordination Secretariatfacilities under the Project; and (e) all conditions precedent to the Association has completed satisfactorily its financial management assessment effectiveness of the ProjectLoan Agreement of even date herewith between the Bank and Paralimni Sewerage Board for the Southeast Coast (Paralimni) Sewerage and Drainage Project have been fulfilled, other than those related to the effectiveness of this Agreement. Section 6.027.02. The following are specified as additional matters, with matters within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationBank: (a) that the Project PSB-ANSB Agreement has been duly authorized or ratified by the Entity concerned Borrower and is legally binding on said Entity upon the Borrower in accordance with its terms; and (b) that the Subsidiary Credit Agreement agreement referred to in Section 6.01 7.01 (bd) (i) of this Agreement has been duly authorized or ratified by the Borrower and is legally binding upon the Borrower and said Entity in accordance with its terms. Section 6.037.03. The date ninety one hundred twenty (90120) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) the respective LDF has been established in form and substance satisfactory to the Association and its Operational Guidelines have been adopted satisfactory to the Association; (ii) a Subsidiary Credit Financing and Project Implementation Agreement has been executed on behalf of the Borrower Borrower, said Entity and said Entity, the respective LDF on terms and conditions satisfactory to the Association; and; (iiiii) the Program Manualfinancial management system referred to in Section 3.01 of the respective Project Agreement, satisfactory in a format acceptable to the Association, has been adopted by said Entity;established; and (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team auditors referred to in Section 4.01 (b) (i) of this Agreement have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectemployed. Section 6.02. The following are specified as additional matters, with the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Financing and Project Implementation Agreement referred to in Section 6.01 (b) (iii) has been duly authorized or ratified by and is legally binding upon the Borrower and Borrower, said Entity and the respective LDF in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, on terms EEPCO; (b) EEPCO has established an Environmental and conditions Social Management Monitoring Work Unit satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board Borrower and the School Grants Quality Assurance Team EEPCO have been established by the Federation and Republika Srpska, respectively, in a manner and their respective PMUs under terms of reference satisfactory acceptable to the Association; (d) the Project Coordination Secretariat Borrower has been established by submitted to its Parliament a proclamation for the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part establishment of the Project Coordination Secretariat; andinstitutional and financial architecture for its rural electrification program comprising the REB, REF and RES; (e) the Association has completed satisfactorily its Borrower and EEPCO have established their respective financial management assessment arrangements referred to in Article 4 of this Agreement and of the ProjectProject Agreement, and adopted a financial management manual in a form that is acceptable to the Association; and (f) EEPCO has appointed the auditors referred to in Section 4.01 (b) (i) of the Project Agreement, with qualifications and experience satisfactory to the Association. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association, namely: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned EEPCO, and is legally binding on said Entity upon EEPCO in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and EEPCO, and is legally binding upon the Borrower and said Entity EEPCO in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf memorandum of the Association understanding, in form and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, substance satisfactory to the Association, has been adopted by said Entitysigned between DLC-BENIN and NEI; (b) DLC-BENIN has appointed a Director, and the staff referred to in paragraph 2 (a) of the Schedule to the Project Agreement; (c) the School Grants Evaluation DLC-BENIN’s Executive Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectivelyhas adopted a Project Implementation Manual, in a manner form and under terms of reference substance satisfactory to the Association; (d) the Project Coordination Secretariat Subsidiary Agreement has been established executed by the Minister of Civil Affairs, Borrower and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andDLC-BENIN; (e) the financial management system referred to in paragraph 4 of the Schedule to the Project Agreement has been established and is operational; (f) DLC-BENIN has furnished to the Association a draft of its Business Plan for the first year of DLC-BENIN’s operations; and (g) an auditor satisfactory to the Association has completed satisfactorily its financial management assessment of been appointed, on terms and conditions satisfactory to the ProjectAssociation, to audit the Project accounts. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned DLC-BENIN and is legally binding on said Entity DLC-BENIN in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and DLC-BENIN and is legally binding upon on the Borrower and said Entity DLC-BENIN in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Section 3.01 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a the Project Agreement Management Team has been executed on behalf retained in accordance with paragraph 1 of the Association and an Entity on terms and conditions satisfactory Schedule 4 to the Associationthis Agreement; (b) for accounting software has been installed in MOPT and TD, and their relevant staff has received training in the Entity referred to use of said software, in accordance with paragraph 4 (a) of Schedule 4 to this Section 6.01:Agreement; (ic) a SamoaTel has installed an accounting software and their relevant staff has received training in the use of said software, in accordance with paragraph 1 (c) of Schedule 2 to the Project Agreement; (d) the Borrower has adopted bidding documents for goods and requests for proposals for consultants in accordance with paragraph 4 (c) of Schedule 4 to this Agreement; (e) SamoaTel has adopted requests for proposals for consultants in accordance with paragraph 1 (d) of Schedule 2 to the Project Agreement; and (f) the Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectSamoaTel. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned SamoaTel, and is legally binding on said Entity upon SamoaTel in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and SamoaTel and is legally binding upon the Borrower and said Entity SamoaTel in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project the Subsidiary Loan Agreement has been duly executed on behalf of the Association Borrower and an Entity on NEA; (b) the Borrower and NEA have duly entered into a performance contract whose terms and conditions shall be satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under NEA has employed consultants with terms of reference satisfactory and qualifications acceptable to the AssociationAssociation for purposes of supervising implementation of Parts A, B.1, B.2, B.3 and B.4 of the Project; (d) NEA has invited contract bids for the Project Coordination Secretariat has been established by the Minister provision of Civil Affairsmaterials and equipment under Parts A, B.1, B.2, B.3 and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part B.4 of the Project Coordination SecretariatProject; and (e) all conditions precedent to the Association has completed satisfactorily its financial management assessment effectiveness of the ProjectNDF Loan Agreement have been fulfilled, other than those related to the effectiveness of this Agreement. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned NEA, and is legally binding on said Entity upon NEA in accordance with its terms; (b) that the Subsidiary Loan Agreement has been duly authorized or ratified by the Borrower and NEA and is legally binding upon the Borrower and NEA in accordance with its terms; and (bc) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) Performance Contract has been duly authorized or ratified by the Borrower and NEA and is legally binding upon the Borrower and said Entity NEA in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Sections 4.01(a), 4.01(b) and 4.03 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) five years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said EntityCUD, on terms in form and conditions substance satisfactory to the Association; and; (iib) the Program Manual, satisfactory to the Association, Project Account has been adopted by said Entityopened and the initial contribution referred to in Section 3.03 (b) of this Agreement has been deposited therein; (c) CUD has adopted the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectivelyProject Implementation Manual, in a manner form and under terms of reference substance satisfactory to the Association; (d) CUD has employed an accounting firm, in accordance with Section II of Schedule 1 to the Project Coordination Secretariat Agreement; (e) CUD has been established by the Minister of Civil Affairs, an accounting and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contractedsystem for the Project, satisfactory to form part the Association; (f) CUD has employed the independent auditors referred to in Section 4.01 of the Project Coordination SecretariatAgreement, in accordance with the provisions of Section II of Schedule 1 to the Project agreement; (▇) ▇▇▇ has appointed consultants for the supervision of civil works and control, and supervision of technical assistance under the Project, in accordance with the provisions of Section II of Schedule 1 to the Project Agreement; (h) CUD has submitted bidding documents for the civil works to be carried out under the Project, in a form and substance satisfactory to the Association; and (ei) CUD has established the Association has completed satisfactorily Project Unit as part of its financial management assessment technical services, with functions for the implementation of the ProjectProject acceptable to the Association, and a Project Unit Manager, a financial specialist, a procurement specialist and two civil engineers, acceptable to the Association. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned CUD, and is legally binding on said Entity upon CUD in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and CUD and is legally binding upon the Borrower and said Entity CUD in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.017.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project the Subsidiary Administration Agreement has been executed on behalf of entered into between the Association Borrower and SIF; (b) SIF has established an Entity on terms and conditions satisfactory accounting system acceptable to the Association; (bc) for the Entity SIF By-laws and SIF Operational Procedures Guide, referred to paragraph in Section 1.02 (aj) and (k) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said EntityAgreement, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has have been adopted by said Entity; (c) the School Grants Evaluation Board SIF and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference are satisfactory to the Association; (d) SIF has furnished to the Project Coordination Secretariat Association an action plan covering the first twelve-months’ period of its operations, satisfactory to the Association; (e) SIF has been established by furnished to the Minister of Civil AffairsAssociation a model Subproject Agreement, including separate provisions for SA Subprojects, SI Subprojects and a Grants coordinator and an education finance coordinator have been hiredEI Subprojects, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, acceptable to form part of the Project Coordination SecretariatAssociation; and (ef) the Association Project management consultant, referred to in Section 3.03 of this Agreement, has completed satisfactorily its financial management assessment of the Projectbeen recruited and has assumed his functions. Section 6.027.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) , namely, that the Project Subsidiary Administration Agreement has been duly authorized or ratified by the Entity concerned by, and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by and is legally binding upon upon, the Borrower and said Entity SIF in accordance with its terms. Section 6.037.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.047.04. The obligations of the Borrower under Article III Articles IV and V of this Agreement and the provisions of paragraph (c) of Section 6.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.015.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) the Borrower has engaged a Project Agreement has been executed on behalf Coordinator under terms of the Association and an Entity on terms and conditions satisfactory reference acceptable to the Association, in accordance with the provisions of paragraph 1 (b) of Schedule 4 to this Agreement; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions has adopted a financial management manual satisfactory to the Association; and (ii) Association in accordance with the Program Manual, satisfactory provisions of paragraph 3 of Schedule 4 to the Association, has been adopted by said Entitythis Agreement; (c) the School Grants Evaluation Board Borrower has entered into subsidiary loan agreements satisfactory to the Association, with at least two Participating Banks, in accordance with the provisions of paragraph 4 of Schedule 4 to this Agreement; (d) BOM and the School Grants Quality Assurance Team two Participating Banks referred to in paragraph (c) of this Section 5.01 have been established by the Federation and Republika Srpska, respectivelytheir respective Project Implementation Units, in accordance with the provisions of paragraph 2 of Schedule 4 to this Agreement; (e) the Project Coordinator and the manager and staff of each PIU established under paragraph (d) of this Section 5.01 have completed a manner course of training satisfactory to the Association on project management, including without limitation, on financial management and procurement; and (f) the Borrower has appointed an independent auditor acceptable to the Association, under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part carry out the audit of Project accounts in accordance with the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment provisions of the ProjectSection 4.01 of this Agreement. Section 6.025.02. The following are is specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on said Entity in accordance with its terms; and (b) , namely that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has Loan Agreements have been duly authorized or ratified executed by the Borrower and is the Participating Banks, and are legally binding upon the Borrower and said Entity the Participating Banks in accordance with its their respective terms. Section 6.035.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b12.01(b) of the General Conditions: (a) a the Borrower has opened the Project Agreement has been executed on behalf Account and deposited therein the amount of the Association and an Entity on terms and conditions satisfactory to the AssociationInitial Deposit; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower has established a financial accounting and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory management system acceptable to the Association, and has been adopted by said Entityappointed, in accordance with the provisions of Section II of Schedule 3 to this Agreement, an auditor for purposes of Article 4 to this Agreement; (c) the School Grants Evaluation Board Borrower has furnished to the Association the draft report detailing the time table and action plan for the School Grants Quality Assurance Team have been established by establishment of the Federation and Republika Srpska, respectivelyRoad Works Agency, in a manner form and under terms of reference satisfactory substance acceptable to the Association; (d) the Project Coordination Secretariat Borrower has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of adopted the Project Coordination SecretariatExecution Manual, in form and substance acceptable to the Association; and (e) the Association has completed satisfactorily its financial management assessment PAD Subsidiary Loan Agreement and the SNCS Subsidiary Loan Agreement have been executed on behalf of the ProjectBorrower and PAD and the Borrower and SNCS respectively. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the PAD Project Agreement has and the SNCS Project Agreement have been duly authorized or ratified by the Entity concerned PAD and is SNCS respectively, and are legally binding on said Entity upon PAD and SNCS in accordance with its their terms; and (b) that the PAD Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has and the SNCS Subsidiary Loan Agreement have been duly authorized or ratified by the Borrower and is PAD and the Borrower and SNCS respectively and are legally binding upon the Borrower and said Entity PAD and the Borrower and SNCS in accordance with its their terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General ConditionsGeneral: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, on terms EdM; (b) GEF Grant Agreement has been executed and delivered and all conditions satisfactory precedent to its effectiveness or to the Association; and (ii) right of the Program ManualBorrower to make withdrawals thereunder, satisfactory to except only the Associationeffectiveness of the Development Credit Agreement, has have been adopted by said Entityfulfilled; (c) the School Grants Evaluation Board Borrower and EdM have opened the School Grants Quality Assurance Team have been established by Project Accounts referred to in Section 3.05 (b) of this Agreement and Section 2.06 (b) of the Federation and Republika SrpskaProject Agreement, respectively, in a manner and under terms of reference satisfactory to the Association; (d) The Borrower and EdM have fulfilled the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contractedconditions set out in an action plan agreed upon with the Association, such plan including but not limited to: (i) the establishment of financial management and information systems in a form and substance that is acceptable to form part the Association; (ii) the appointment of the auditor referred to Section 4.01 (b) of this Agreement and Section 4.01 (b) of the Project Coordination SecretariatAgreement, respectively; (iii) employment of financial management staff with experience and qualifications satisfactory to the Association, in accordance with the provisions of Section II of Schedule 3 to this Agreement; (iv) preparation of the financial management manual; and (v) appointment of a Trust Agent that is acceptable to the Association to manage the disbursement of Subproject Financing from Special Account A and the Special Account established under the GEF Grant Agreement, and preparation of the Trust Agent procedures manual; and (e) EdM has employed a consultant with qualifications and experience satisfactory to the Association has completed satisfactorily Association, in accordance with the provisions of Section II of Schedule 3 to this Agreement, to review its financial management assessment of the Project.assets and current policy on insurance, and subsequently propose a suitable insurance strategy for EdM. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned EdM, and is legally binding on said Entity upon EdM in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and EdM and is legally binding upon the Borrower and said Entity EdM in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) a Project Agreement the Borrower has been executed on behalf designated CORFO as its financial agent to Section 3.01 tb) of the Association and an Entity on terms and conditions satisfactory to the Associationthis Agreement; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement Funds Transfer Arrangement has been executed entered into on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said EntityCORFO; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in Borrower has adopted legislation providing for a manner and under terms of reference satisfactory to the AssociationDepository System; (d) the Project Coordination Secretariat Borrower has been established raised the limit of bonds which can be issued by an enterprise, organized under the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part laws of the Project Coordination SecretariatBorrower and engaged primarily in the business of leasing equipment, for purchase by AFPs and Insurance Companies to twice the permanent capital of such enterprise; and (e) CORFO has adopted Auction Procedures satisfactory to the Association has completed satisfactorily its financial management assessment of Bank and provided the Projectcame to the Bank. Section 6.02. The following are specified as additional mattersatters, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association:Bank. (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned CORFO, and is legally binding on said Entity upon CORFO in accordance with its terms; and; (b) that the Subsidiary Credit Agreement referred to designation of CORFO as the financial agent of the Borrower as provided in Section 6.01 3.01 (b) of this Agreement is legally valid and binding upon the Borrower and CORFO in accordance with its terms; (ic) that the Funds Transfer Arrangement has been duly authorized or ratified by the Borrower and CORFO, entered into on behalf of the parties thereto, and is legally binding upon the Borrower and said Entity CORFO in accordance with its terms: and (d) that the legislation referred to in condition (c) of Section 6.01 of this Agreement has been duly adopted and the legislative and regulatory changes that are or may be required by condition (d) of Section 6.01 of this Agreement have taken effect, and that no other actions or ratifications are required by any party or governmental agency or department in order for such changes to be applicable and binding law within the territory of the Borrower. Section 6.03. The date ninety (90) days after the date of this Agreement May 9, 1990 is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project the ONATRA Subsidiary Loan Agreement has been executed on behalf of and the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a SNCZ Subsidiary Credit Loan Agreement has have been executed on behalf of the Borrower and said EntityONATRA and SNCZ, on terms respectively; (b) the agreements providing for additional financing for Parts B.1 and conditions satisfactory to B.2 of the AssociationProject by the Kreditanstalt fur Wiederaufbau and the African Development Bank have been signed; and (iic) the Program Manual, Contrats-Programmes satisfactory to the AssociationAssociation between the Borrower, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation ONATRA and Republika SrpskaSNCZ, respectively, in a manner have been entered into by such parties and under terms of reference satisfactory to the Association;have become effective; and (d) all action required on the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) Borrower to authorize the Association restructuring of ONATRA’s capital and debt has completed satisfactorily its financial management assessment of the Projectbeen taken. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the ONATRA Project Agreement has and the SNCZ Project Agreement have been duly authorized or ratified by the Entity concerned ONATRA and is SNCZ, respectively, and are legally binding on said Entity upon ONATRA and SNCZ in accordance with its their terms; and (b) that the ONATRA Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has and the SNCZ Subsidiary Loan Agreement have been duly authorized or ratified by the Borrower and is ONATRA and SNCZ, respectively, and are legally binding upon the Borrower Borrower, ONATRA and said Entity SNCZ in accordance with its their terms. Section 6.03. The date ninety one hundred twenty (90120) days after the date of this Agreement is hereby specified for the purposes of Section section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III IV of this Agreement and the provisions of paragraphs (b) and (c) of Section 5.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf all conditions precedent to the effectiveness of the Association other ▇▇▇ Credits and an Entity on terms and conditions satisfactory GEF Trust Fund Grant Agreements, other than those related to the Associationeffectiveness of this Agreement, have been fulfilled; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf Borrowers have confirmed the membership of the Borrower Regional Policy and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said EntitySteering Committee; (c) the School Grants Evaluation Board and Borrowers have strengthened the School Grants Quality Assurance Team have been established three National Secretariats by the Federation and Republika Srpska, respectivelyappointment of a Head of Secretariat, in accor- dance with paragraph 2 of Schedule 2 to the Joint Project Agreement, an Accountant, Disbursement and Procurement Officer, an Operations Officer and a manner Management Information Systems Officer, all with experience and under terms of reference satisfactory qualifications acceptable to the Association; (d) the Borrowers have appointed a panel of internationally renowned scientists in accordance with paragraph 3 of Schedule 2 to the Joint Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andAgreement; (e) the Borrowers have furnished evidence satisfactory to the Association has completed satisfactorily its that they have agreed on common standards for measuring and monitoring water quality; (f) the Borrowers have furnished evidence satisfactory to the Association that they have each made budgetary allocations represent- ing their first year contribution to the Project; and (g) the Borrowers have finalized and furnished to the Asso- ciation annual work plans and financial management assessment plans, satisfactory to the Association, for the first year of the ProjectProject Implementation Plan. Section 6.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) , namely that the Joint Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by parties and is legally binding upon the Borrower and said Entity parties in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions Conditions satisfactory to the Association; (b) for the Entity referred to in paragraph (a) of this Section 6.01: (i) the Operational Guidelines have been adopted satisfactory to the Association; and (ii) a Subsidiary Credit Financing and Project Implementation Agreement has been executed on behalf of the Borrower and said Entity, Entity on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team auditors referred to in Section 4.01 (b) (i) of this Agreement have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectemployed. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on upon said Entity in accordance with its terms; and (b) that the Subsidiary Credit Financing and Project Implementation Agreement referred to in Section 6.01 (b) (iii) has been duly authorized or ratified by the Borrower and said Entity and is legally binding upon the Borrower and said Entity in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.017.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) a Project Agreement the Guarantor has been executed on behalf of approved the Association and an Entity on terms and conditions satisfactory to Borrower’s sewer rates as agreed with the AssociationBank; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions has made arrangements with the CERF or has made other arrangements satisfactory to the Association; and Bank for the financing for the Project referred to in Recital (iiD) the Program Manual, satisfactory to the Association, has been adopted by said Entitythis Agreement; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika SrpskaBorrower has adopted procedures, respectively, in a manner and under terms of reference satisfactory to the AssociationBank, for billing and collecting sewer charges; (d) the Project Coordination Secretariat Borrower has been established by entered into an agreement with the Minister of Civil AffairsGuarantor, satisfactory to the Bank, pursuant to which the Borrower shall lease from the Guarantor the land required for the construc- tion and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part operation of the Project Coordination Secretariatfacilities under the Project; and (e) all conditions precedent to the Association has completed satisfactorily its financial management assessment effectiveness of the ProjectLoan Agreement of even date herewith between the Bank and Ayia Napa Sewerage Board for the Southeast Coast (Ayia Napa) Sewerage and Drainage Project have been fulfilled, other than those related to the effectiveness of this Agreement. Section 6.027.02. The following are specified as additional matters, with matters within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationBank: (a) that the Project PSB-ANSB Agreement has been duly authorized or ratified by the Entity concerned Borrower and is legally binding on said Entity upon the Borrower in accordance with its terms; and (b) that the Subsidiary Credit Agreement agreement referred to in Section 6.01 7.01 (bd) (i) of this Agreement has been duly authorized or ratified by the Borrower and is legally binding upon the Borrower and said Entity in accordance with its terms. Section 6.037.03. The date ninety one hundred twenty (90120) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b12.01(b) of the General Conditions: (a) a Project Agreement has been executed on behalf All conditions precedent to the effectiveness of the Association and an Entity on terms and conditions satisfactory Loan Agreement have been fulfilled, other than those related to the Association;effectiveness of this Agreement. (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a The Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity;CNSIC. (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team Provincial Implementation Agreements have been established by the Federation entered into between CNSIC and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) the not less than 29 Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectProvinces. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (c12.02(b) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned CNSIC and is legally binding on said Entity upon CNSIC in accordance with its terms; (b) that the Subsidiary Loan Agreement has been duly authorized or ratified by the Borrower and CNSIC and is legally binding upon the Borrower and CNSIC in accordance with its terms; and (bc) that each of the Subsidiary Credit Agreement Provincial Implementation Agreements referred to in Section 6.01 (b6.01(c) (i) of this Agreement has been duly authorized or ratified by the parties thereto and is legally binding upon the Borrower and said Entity parties in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Section 4.02 of this Agreement and the provisions of Section 5.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Financing Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and▇▇▇▇▇▇; (iib) the Program Manual, satisfactory to the Association, Escrow Account has been adopted by said Entityopened; (c) the School Grants Evaluation Board and Borrower has employed, with respect to Part A of the School Grants Quality Assurance Team have been established by Project, the Federation and Republika Srpskaauditors referred to in Section 4.01 of this Agreement, respectively, in a manner and under terms of reference satisfactory acceptable to the Association; (d) ▇▇▇▇▇▇ has employed, with respect to Part B of the Project Coordination Secretariat has been established by Project, the Minister auditors referred to in Section 4.01 of Civil Affairs, this Agreement and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part in Section 4.01 of the Project Coordination SecretariatAgreement, acceptable to the Association; and (e) the Association Borrower has completed satisfactorily its financial management assessment submitted to the Association: (i) a detailed action plan, satisfactory to the Association, for the restructuring of KPLC; and (ii) a public statement, satisfactory to the ProjectAssociation, consistent with the above-mentioned action plan, outlining the Borrower’s plan for the restructuring of KPLC. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned KenGen and KPLC and is legally binding on said Entity upon KenGen and KPLC in accordance with its terms; (b) that the Subsidiary Financing Agreement has been duly authorized or ratified by the Borrower and KenGen and is legally binding upon the Borrower and KenGen in accordance with its terms; and (bc) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) Contractual Implementation Framework has been duly authorized or ratified by the Borrower, KenGen or KPLC as the case may be and is legally binding upon the Borrower and said Entity them in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Section 4.01 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the furnishing to the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) by Lagos State of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manualdraft bidding documents, satisfactory to the Association, has been adopted for the contracting to private sector contractors of maintenance of existing drainage under the Project; (b) the employment by said EntityLagos State of consultants to supervise construction and assist with the carrying out of the drainage maintenance program, included in the Project; (c) the School Grants Evaluation Board and signing of the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the AssociationSubsidiary Loan Agreement; (d) the Project Coordination Secretariat has been established issuance by Lagos State to the Minister Borrower of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, the written instructions referred to form part in Section 2.01 (b) (iii) of the Project Coordination SecretariatAgreement authorizing: (i) the deduction from the Federation Account of Lagos State’s counterpart contributions to Project costs; and (ii) payment into the Project Account of the said counterpart contributions; and (e) the Association has completed satisfactorily its financial management assessment payment by Lagos State into the Project Account of the Projectinitial amount referred to in Section 2.01 (b) (iii) (A) of the Project Agreement. Section 6.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned Lagos State, and is legally binding on said Entity upon Lagos State in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and Lagos State, and is legally binding upon the Borrower and said Entity Lagos State in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are event is specified as an additional conditions condition to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (b12.01(c) of the General Conditions: (a) a Project the Fund Agreement has been executed on behalf entered into between the Borrower and the Fund pursuant to Section 3.01 (b) of the Association and an Entity on terms and conditions satisfactory to the Associationthis Agreement; (b) for the Entity referred to paragraph (a) Memorandum of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf entered into between the Fund and the ARMM pursuant to paragraph 1(a) of the Borrower and said Entity, on terms and conditions satisfactory Schedule 5 to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entitythis Agreement; (c) the School Grants Evaluation Board Policies and Guidelines of the Fund and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectivelyOperations Manual, in a manner and under terms of reference each case satisfactory to the AssociationBank, have been approved by the Board of Directors of the Fund pursuant to paragraphs 2(c) and 2(d) of Schedule 5 to this Agreement; (d) the Project Coordination Secretariat has Sub-project Approval Committees have been established by the Minister pursuant to paragraph 2 (b) (iii) of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, Schedule 5 to form part of the Project Coordination Secretariatthis Agreement; and (e) the Association Fund has completed satisfactorily its financial management assessment entered into Sub-project Memoranda of Agreements with at least ten Beneficiaries under Part A of the Project. Section 6.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: Bank, namely, that: (i) the Fund Agreement referred to in Section 6.01 (a) that the Project Agreement above has been duly authorized or ratified by the Entity concerned Borrower and the Fund and is legally binding on said Entity upon the Borrower and the Fund respectively in accordance with its their terms; and (bii) that the Subsidiary Credit Agreement MOA referred to in Section 6.01 (b) (i) above has been duly authorized or ratified by the Fund and the ARMM Regional Government and is legally binding upon the Borrower Fund and said Entity the ARMM Regional Government respectively in accordance with its their terms; and (c) the Environmental Framework, the Framework for the Treatment of Indigenous Peoples, and the Land Acquisition and Resettlement Policy Framework have been adopted in accordance with applicable laws and regulations and are legally binding upon the Borrower, the ARMM Regional Government and the Fund. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) the requirement of prior authorization for exports of fisheries and livestock products has been removed and the registration of exporters of food products with MINDIC has been simplified and decentralized in a Project manner satisfactory to the Bank; UTAVA; (b) the UTAVA Grant Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association;Borrower and (bc) for the Entity referred to paragraph (a) of this Section 6.01: (i) a CFC Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the AssociationCFC; (d) the Project Coordination Secretariat has been established by the Minister following FIMAC staff referred to in Section B.1 of Civil Affairs, and a Grants coordinator and an education finance coordinator Schedule 5 to this Agreement have been hiredappointed: the FIMAC Project Director, the Assistant Project Director, the administrative and an individual consultant responsible for Project procurement financial controller, the field staff supervisor and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andtwo MINAGRI training coordinators; (e) the Association has completed satisfactorily its financial management assessment DEAPA staff of the Projectcoordinating unit referred to in Section B.3 of Schedule 5 to this Agreement has been appointed; and (f) the MINSANTE coordinator referred to in Section B.5 of Schedule 5 to this Agreement has been appointed and the specialized non-governmental organization referred to in Section 3.02 (b) of this Agreement has been employed. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationBank: (a) that the UTAVA Project Agreement and the CFC Project Agreement have been duly authorized or ratified by UTAVA and CFC, respectively, and are legally binding upon UTAVA and CFC in accordance with their terms; (b) that the UTAVA Grant Agreement has been duly authorized or ratified by the Entity concerned Borrower and UTAVA and is legally binding on said Entity upon the Borrower and UTAVA in accordance with its terms; and (bc) that the CFC Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and CFC and is legally binding upon the Borrower and said Entity CFC in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf all conditions precedent to the effectiveness of the Association other ▇▇▇ Credits and an Entity on terms and conditions satisfactory GEF Trust Fund Grant Agreements, other than those related to the Associationeffectiveness of this Agreement, have been fulfilled; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf Borrowers have confirmed the membership of the Borrower Regional Policy and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said EntitySteering Committee; (c) the School Grants Evaluation Board and Borrowers have strengthened the School Grants Quality Assurance Team have been established three National Secretariats by the Federation and Republika Srpska, respectivelyappointment of a Head of Secretariat, in accordance with paragraph 2 of Schedule 2 to the Joint Project Agreement, an Accountant, Disburse- ment and Procurement Officer, an Operations Officer and a manner Management Information Systems Officer, all with experience and under terms of reference satisfactory qualifications acceptable to the Association; (d) the Borrowers have appointed the panel of internationally renowned scientists in accordance with Paragraph 3 of Schedule 2 to the Joint Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andAgreement; (e) the Borrowers have furnished evidence satisfactory to the Association has completed satisfactorily its that they have agreed on common standard methods for measuring and monitoring water quality; (f) the Borrowers have furnished evidence satisfactory to the Association that they have each made budgetary allocation representing their first year contribution to the Project; and (g) the Borrowers have finalized and furnished to the Association, the Project Implementation Plan, work plans and financial management assessment plans, satisfactory to the Association, for the first year of the ProjectProject Implementation Plan. Section 6.02. The following are is specified as an additional mattersmatter, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) , namely that the Joint Project Agreement has been duly authorized or ratified by the Entity concerned and is legally binding on said Entity in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by parties, and is legally binding upon the Borrower and said Entity parties in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General ConditionsConditions : (a) the Borrower has, in accordance with the provisions of Section II of Schedule 3 to this Agreement, appointed an auditor for purposes of Article IV of this Agreement; (b) the Borrower has adopted a Project Agreement Program Implementation Manual, in form and substance acceptable to the Association; (c) MEN has been executed on behalf of entered into: (i) an agreement with the Association Maître d’ouvrage délégué, and an Entity on terms (ii) a Protocole d’Accord with the Associations des Elus Locaux, both in form and conditions substance satisfactory to the Association; (bd) for the Entity referred to paragraph (a) of this Section 6.01: Borrower has: (i) established a financial management and accounting system, satisfactory to the Association; and (ii) adopted a Financial Procedures Manual, in form and substance acceptable to the Association; (e) the Borrower has completed the procurement plan for the first two years of the Project; (f) the Borrower has approved the AWPB for the first year of the Project, in accordance with, and subject to, the provisions paragraph 6 of Schedule 4 to this Agreement; (g) the Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the AssociationAGETIP; and (iih) the Program Manual, satisfactory to the Association, Borrower has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference satisfactory to the Association; (d) opened the Project Coordination Secretariat has been established by Account and deposited therein the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part amount of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectInitial Deposit. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned AGETIP, and is legally binding on said Entity upon AGETIP in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and AGETIP, and is legally binding upon the Borrower and said Entity AGETIP in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project the Subsidiary Loan Agreement has been executed on behalf of and the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Performance Agreement has have been executed on behalf of the Borrower and said Entity, on terms and DWASA; (b) all conditions satisfactory precedent to the Associationeffectiveness of the French Grant Agreement and the Japanese Grant Agreement have been fulfilled, other than the effectiveness of this Agreement; and (iic) the Program Manualfollowing contracts, satisfactory to the Association, has have been adopted executed and delivered by said Entitythe Borrower: (i) the contract for the twinning program under Part D.2 of the Project; (cii) the School Grants Evaluation Board and contract for the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and sanitation study under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part Part D.4 of the Project Coordination SecretariatProject; and (eiii) the Association has completed satisfactorily its financial management assessment contract for the strategy study under Part D.5 of the Project. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned DWASA, and is legally binding on said Entity upon DWASA in accordance with its terms; and; (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has and the Performance Agreement have been duly authorized or ratified by the Borrower and is DWASA and are legally binding upon the Borrower and said Entity DWASA in accordance with its their terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations provisions of the Borrower under Article III paragraph (a) of Section 5.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement memorandum of understanding, in form and substance satisfactory to the Association, has been executed on behalf signed between DLC-CI and ENA; (b) the Borrower has appointed a Director and the key staff referred to in paragraph 2 (b) of the Association Schedule to the Project Agreement, i.e., atechnician (computer specialist with communications skills) a facilitator/trainer and an Entity on terms accountant/financial officer with functions and conditions experience satisfactory to the Association; (bc) for the Entity referred to paragraph (a) of this Section 6.01: (i) DLC-CI has adopted a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Project Implementation Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board in form and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms of reference substance satisfactory to the Association; (d) the Project Coordination Secretariat Subsidiary Agreement has been established executed by the Minister of Civil Affairs, Borrower and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andDLC-CI; (e) the financial management system referred to in paragraph 4 of the Schedule to the Project Agreement has been established and is operational; (f) DLC-CI has furnished to the Association a draft of its Business Plan for its first year of operation; and (g) an auditor satisfactory to the Association has completed satisfactorily its financial management assessment of been appointed, on terms and conditions satisfactory to the ProjectAssociation, to audit the Project accounts. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned DLC-CI and is legally binding on said Entity DLC-CI in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and DLC-CI and is legally binding upon on the Borrower and said Entity DLC-CI in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III Section 4.01 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) fifteen years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; andSNCS; (iib) the Program Manual, satisfactory to the Association, AF has been adopted by said Entityestablished in accordance with the laws of the Borrower and its Statuts have been adopted; (c) the School Grants Evaluation Board Subsidiary Financing Agreement has been executed on behalf of the Borrower and AF; (d) the School Grants Quality Assurance Team have been Borrower has established by the Federation a financial accounting and Republika Srpska, respectively, in a manner and under terms of reference satisfactory procurement management system acceptable to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association Borrower has completed satisfactorily its financial management assessment appointed the auditors referred to in Section 4.01 (b) of this Agreement, with terms of reference and qualifications acceptable to the ProjectAssociation, and in accordance with the provisions of Section II of Schedule 3 to this Agreement; (f) the Borrower has adopted the Project Implementation Manual, in form and substance acceptable to the Association; (g) the Borrower has adopted the Environmental Mitigation Plan, satisfactory to the Association. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned SNCS, and is legally binding on said Entity upon SNCS in accordance with its terms; (b) that the Subsidiary Agreement has been duly authorized by the Borrower and SNCS and is legally binding upon the Borrower and SNCS in accordance with its terms; and (bc) that the Subsidiary Credit Financing Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and AF and is legally binding upon the Borrower and said Entity AF in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Grant Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said EntityMEBF; (cb) the School Grants Evaluation Board and Borrower has adopted the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectivelyProject Implementation Manual, in a manner form and under terms of reference substance satisfactory to the Association; (c) MEBF has appointed the MEBF PIU staff referred to in Paragraph 2 (c) of the Schedule to the Project Agreement; (d) the Project Coordination Secretariat Account has been established by opened and the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of Initial Deposit paid into the Project Coordination Secretariat; andAccount; (e) the Borrower and MEBF have furnished to the Association has completed satisfactorily its a procurement plan for the carrying out of Parts A, B.1, B.3 and C, and Part B.2, respectively, for the first twelve months following the Effective Date; (f) the Borrower and MEBF have established a financial management assessment and accounting system for the Project satisfactory to the Association; (g) the Borrower and MEBF have appointed the independent auditors referred to in Section 4.01 (b) of this Agreement, and in Section 4.01 (b) of the ProjectProject Agreement, respectively, under terms and conditions acceptable to the Association and in accordance with the provisions of Section II of Schedule 3 to this Agreement; and (h) the Borrower has adopted the rural telecommunications development strategy referred to in Part A.2 (d) of the Project set forth in Schedule 2 to this Agreement, satisfactory to the Association. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned MEBF, and is legally binding on said Entity upon MEBF in accordance with its terms; and (b) that the Subsidiary Credit Grant Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and MEBF and is legally binding upon the Borrower and said Entity MEBF in accordance with its terms.; Section 6.03. The date ninety one hundred and twenty (90120) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project the Subsidiary Loan Agreement has been executed on behalf of signed by the Association Borrower and an Entity on terms and conditions satisfactory BCRDM; (b) BCRDM has adopted a new reserve requirement determination system applicable to the banking sector, acceptable to the Association; (bc) for BCRDH has started to publish the Entity referred to paragraph (a) outcome of this Section 6.01:treasury ▇▇▇▇ auctions; (id) BCRDM has increased its threshold for prior authorization of credits to FMG 5 billion; (e) BCRDM has modified the system of fixing individual credit ceilings for banks, in a Subsidiary Credit Agreement manner acceptable to the Association; (f) BCRDM has been executed on behalf issued an instruction which clarifies the provisions of Article 51 of the Borrower and said Entity, on terms and conditions satisfactory Banking Law in a manner acceptable to the Association; and (iig) BCRDM has resumed the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, in a manner and under terms regular publications of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the Projectstatistical bulletin. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been signed by a person duly authorized or ratified by the Entity concerned BCRDM, and is legally binding on said Entity upon BCRDM in accordance with its terms; and (b) that the Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly signed and authorized or ratified by by, and is legally binding upon the Borrower and said Entity BCRDM in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III the pro- visions of paragraphs (a) and (b) of Section 5.02 of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a the FAS III Project Agreement Account has been executed on behalf of opened and the Association and an Entity on terms and conditions satisfactory to the AssociationInitial Deposit deposited therein; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Agreement has been executed on behalf of the Borrower and said Entity, on terms and conditions satisfactory to the Association; andFAS; (iic) the Program Manuala certified accountant, a financial internal auditor and a technical internal auditor have been appointed, under terms of reference, qualification and experience satisfactory to the Association, has been adopted by said Entityin accordance with the provisions of Section II of Schedule 2 to the Project Agreement; (cd) the School Grants Evaluation Board and the School Grants Quality Assurance Team external auditors have been established by the Federation and Republika Srpska, respectively, in a manner and appointed under terms of reference reference, qualification and experience satisfactory to the Association for purposes of Section 4.01 of this Agreement, in accordance with the provisions of Section II of Schedule 2 to the Project Agreement; (e) a financial management system with capacity to produce FMRs for the Project, including a Financial Management Procedural Manual, has been approved in form and substance satisfactory to the Association; (df) the Project Coordination Secretariat has Operational Manual in form and substance satisfactory to the Association had been established by the Minister of Civil Affairs, and a Grants coordinator and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariatapproved; and (eg) the Association has completed satisfactorily its financial management assessment first Annual Work Plan and Budget for the first 12 months of the Project, including the commitments for each province to carry out the planned subprojects, has been submitted to the Association, in form and substance satisfactory to the Association. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned FAS, and is legally binding on said Entity upon FAS in accordance with its terms; and (b) that the Subsidiary Credit Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and FAS and is legally binding upon the Borrower and said Entity FAS in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Development Financing Agreement within the meaning of Section 12.01 (b) of the General Conditions: (a) a Project Agreement has been executed on behalf of the Association and an Entity on terms and conditions satisfactory to the Association; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Subsidiary Credit Grant Agreement has been executed on behalf of the Borrower and said Entity, on terms ▇▇▇▇; (b) the Borrower has prepared and conditions furnished to the Association a PIP in form and substance satisfactory to the Association; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board Borrower has established and operated the Inter-Ministerial Coordination Committee and the School Grants Quality Assurance Team have been established by the Federation and Republika Srpska, respectively, Project Steering Committee in a manner and under terms of reference satisfactory to the Association; (d) the Borrower has established the Project Coordination Secretariat has been established by and recruited thereto staff with qualification and experience satisfactory to the Minister of Civil AffairsAssociation including a coordinator, a research specialist, an extension specialist and a Grants coordinator ▇▇▇▇▇▇ and an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, to form part of the Project Coordination Secretariat; andclient empowerment specialist; (e) the Association Borrower has completed satisfactorily its established a financial management assessment system for the Project in form and substance satisfactory to the Association, including the Borrower’s ability to produce FMRs; and (f) The Borrower has opened the Project Account and has deposited therein the Initial Deposit referred to in Section 3.03 of the Projectthis Agreement. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (cb) of the General Conditions, to be included in the opinion or opinions to be furnished to the Association: (a) that the Project Agreement has been duly authorized or ratified by the Entity concerned ▇▇▇▇, and is legally binding on said Entity upon ▇▇▇▇ in accordance with its terms; and (b) that the Subsidiary Credit Grant Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Borrower and ▇▇▇▇ and is legally binding upon the Borrower and said Entity ▇▇▇▇ in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.

Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of this the Loan Agreement within the meaning of Section 12.01 (bc) of the General Conditions: (a) a Project the Subsidiary Loan Agreement has been executed on behalf of the Association MOF and an Entity on terms and conditions satisfactory to the AssociationAtyrau Oblast Akimat; (b) for the Entity referred to paragraph (a) of this Section 6.01: (i) a Project Implementation and Subsidiary Credit Loan Agreement has been executed on behalf of the Borrower Atyrau Oblast Akimat and said Entity, on terms and conditions satisfactory to the AssociationVodocanal; and (ii) the Program Manual, satisfactory to the Association, has been adopted by said Entity; (c) the School Grants Evaluation Board Atyrau Oblast Akimat has appointed the auditors referred to in Section 4.01 (b) (i) of this Agreement, and the School Grants Quality Assurance Team CWR and Atyrau Oblast Akimat have been established by appointed the Federation financial and Republika Srpskaprocurement consultants, respectively, in a manner and all under terms of reference satisfactory to the Association; (d) the Project Coordination Secretariat has been established by the Minister of Civil AffairsBank, and a Grants coordinator and the Atyrau Oblast Akimat has installed an education finance coordinator have been hired, and an individual consultant responsible for Project procurement and an individual consultant responsible for Project financial management have been contracted, accounting system software satisfactory to form part of the Project Coordination Secretariat; and (e) the Association has completed satisfactorily its financial management assessment of the ProjectBank. Section 6.02. The following are specified as additional matters, with within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the AssociationBank: (a) that the Project Subsidiary Loan Agreement has been duly authorized or ratified by the Entity concerned MOF and Atyrau Oblast Akimat, and is legally binding on said Entity upon each of the parties thereto in accordance with its terms; (b) the Project Implementation Agreement has been duly authorized or ratified by the MOF, CWR, Atyrau Oblast Akimat and City of Atyrau and is legally binding upon each of the parties thereto in accordance with its terms; and (bc) that the Project Implementation and Subsidiary Credit Loan Agreement referred to in Section 6.01 (b) (i) has been duly authorized or ratified by the Atyrau Oblast Akimat and Vodocanal, and is legally binding upon each of the Borrower and said Entity parties thereto in accordance with its terms. Section 6.03. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions. Section 6.04. The obligations of the Borrower under Article III of this Agreement shall cease and determine on the date on which the Development Credit Agreement shall terminate or on the date twenty (20) years after the date of this Agreement, whichever shall be the earlier.