Common use of Government Contribution Clause in Contracts

Government Contribution. During the Compact Term, the Government will make contributions, relative to its national budget and taking into account prevailing economic conditions, as are necessary to carry out the Government’s responsibilities under Section 2.6(a) of this Compact. These contributions may include in-kind and financial contributions (including obligations of Benin on any debt incurred toward meeting these contribution obligations). In connection with this obligation the Government has developed a budget over the Compact Term to complement MCC Funding through budget allocations to each of the Projects and Program Administration. The Government will make a contribution of approximately US$28,125,000 (or 7.5 percent of the amount of MCC Funding provided under this Compact) over the Compact Term. The Government will allocate such contribution in the national budget according to a multi-year plan. The Government will provide evidence of the approval thereof to MCC prior to entry into force. In the event that deobligation of the On-Grid Tranche Funding or the Off-Grid Tranche Funding occurs in accordance with Section 8.3(a) of this Compact, the obligation for the corresponding Government contribution will cease to apply. Such contributions will be in addition to the Government’s spending toward such Project Objectives in its budget for the year immediately preceding the establishment of this Compact. The Government’s contribution will be subject to any legal requirements in Benin for the budgeting and appropriation of such contribution, including approval of the Government’s budget by its legislature. The Parties may set forth in the Program Implementation Agreement or other appropriate Supplemental Agreements certain requirements regarding this Government contribution, which requirements may be conditions precedent to the Disbursement of MCC Funding. During implementation of the Program, the Government’s contributions may be modified or new contributions added with MCC approval, provided that the modified or new contributions continue to advance the Project Objectives. 1. Policy Reform & Institutional Strengthening Project Sub-total 1,673,000 5,689,600 11,860,600 11,030,600 7,183,600 3,790,600 41,228,000 Sub-total 6,804,000 14,994,400 17,642,400 15,711,600 721,600 - 55,874,000 3. Electricity Distribution Project Sub-total 2,779,000 23,797,400 33,032,400 27,318,400 16,262,200 6,521,600 109,711,000 4. O ff-Grid Electricity Access Project - Tranche I 4.1 Off-Grid Clean Energy Facility Activity (Tranche I) - 1,055,800 6,055,800 13,167,400 - - 20,279,000 4.2 Enabling Environment for Off-Grid Electricity Activity 1,000,000 2,055,800 1,555,800 505,800 551,600 - 5,669,000 5.1 Monitoring and Evaluation 350,000 700,000 788,000 1,050,000 1,050,000 1,312,000 5,250,000 6.1 MCA-Benin II 4,344,000 4,412,000 3,536,000 3,472,000 3,617,000 5,192,000 24,573,000 6.2 Fiscal Agent 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,333,000 5,833,000 6.3 Procurement Agent 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,333,000 5,833,000 6.4 Audit 50,000 100,000 125,000 150,000 175,000 150,000 750,000 2.1 Phot ovoltaic Generation Activity (On-Grid Tranche) - - - 31,730,000 30,000,000 18,270,000 80,000,000 4.1 Off-Grid Clean Energy Facility Activity (Off- Grid Tranche) - - - 4,000,000 10,000,000 6,000,000 20,000,000 ANNEX II - 2 This Xxxxx XXX summarizes the monitoring and evaluation plan for this Compact (“M&E Plan”). The actual structure and content of the M&E Plan, which may differ from those specified in this Annex III, will be agreed to by MCC and the Government in accordance with MCC’s Policy for Monitoring and Evaluation of Compacts and Threshold Programs (the “MCC M&E Policy”). In addition, the M&E Plan may be modified from time to time as described in the MCC M&E Policy without requiring an amendment to this Xxxxx XXX. The M&E Plan will be posted publicly on the MCC Website and updated as necessary. The Government will provide MCA-Benin II and MCC, as the case may be, with any information as may be required for the completion of the M&E Plan. In addition, the Program Implementation Agreement will stipulate, as necessary, a timeframe for the amendment and restatement of this Xxxxx XXX.

Appears in 2 contracts

Samples: Millennium Challenge Compact, Millennium Challenge Compact

AutoNDA by SimpleDocs

Government Contribution. During the Compact Term, the Government will make contributions, relative to its national budget and taking into account prevailing economic conditions, as are necessary to carry out the Government’s responsibilities under Section 2.6(a) of this Compact. These contributions may include in-kind and financial contributions (including obligations of Benin Georgia on any debt incurred toward meeting these contribution obligations). In connection with To meet this obligation the Government has developed a budget over the Compact Term to complement MCC Funding through budget allocations allocate resources to each of the Projects including financial support for (a) implementing entity costs related to the management of the School O&M Plan; (b) the development of higher education STEM degrees; (c) capital equipment for MCC rehabilitated schools; (d) teacher training and assessments; (e) rehabilitation of public TVET facilities; (f) computers for educator professional development, as well as in- kind contributions of real property to be used for Program Administrationpurposes; and (g) forgone taxes related to GRDF proceeds. The Government will make a contribution anticipates making contributions of approximately US$28,125,000 21,000,000 (or 7.5 15 percent of the amount of MCC Funding provided under this Compact) over the Compact Term. The Government will allocate such Such contribution in the national budget according to a multi-year plan. The Government will provide evidence of the approval thereof to MCC prior to entry into force. In the event that deobligation of the On-Grid Tranche Funding or the Off-Grid Tranche Funding occurs in accordance with Section 8.3(a) of this Compact, the obligation for the corresponding Government contribution will cease to apply. Such contributions will be in addition to the Government’s spending allocated toward such Project Objectives activities in its budget for the year immediately preceding the establishment of this Compact. The Government’s contribution will be subject to any legal requirements in Benin Georgia for the budgeting and appropriation of such contribution, including approval of the Government’s annual budget by its legislature. The Parties may set forth in the Program Implementation Agreement or other appropriate Supplemental Agreements certain requirements regarding this Government contribution, which requirements may be conditions precedent to the Disbursement of MCC Funding. During implementation of the Program, the Government’s contributions may be modified changed or new contributions added with MCC approval; provided that, provided that the modified or new contributions continue to advance the Project Objectives. 1. Policy Reform & Institutional Strengthening Improving General Education Quality Project Sub-total 1,673,000 5,689,600 11,860,600 11,030,600 7,183,600 3,790,600 41,228,000 Sub-total 6,804,000 14,994,400 17,642,400 15,711,600 721,600 - 55,874,000 Subtotal 350,000 7,250,000 20,350,000 22,400,000 23,400,000 2,750,000 76,500,000 Subtotal 1,000,000 4,000,000 7,500,000 9,000,000 6,000,000 2,500,000 30,000,000 3. Electricity Distribution Industry-led Skills and Workforce Development Project Sub-total 2,779,000 23,797,400 33,032,400 27,318,400 16,262,200 6,521,600 109,711,000 Subtotal 200,000 1,500,000 2,650,000 5,000,000 4,500,000 2,150,000 16,000,000 4. O ff-Grid Electricity Access Project - Tranche I 4.1 Off-Grid Clean Energy Facility Activity (Tranche I) - 1,055,800 6,055,800 13,167,400 - - 20,279,000 4.2 Enabling Environment for Off-Grid Electricity Activity 1,000,000 2,055,800 1,555,800 505,800 551,600 - 5,669,000 5.1 Monitoring and Evaluation Subtotal 350,000 700,000 788,000 1,050,000 1,050,000 1,312,000 5,250,000 6.1 MCA-Benin II 4,344,000 4,412,000 3,536,000 3,472,000 3,617,000 5,192,000 24,573,000 6.2 Fiscal Agent 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,333,000 5,833,000 6.3 Procurement Agent 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,333,000 5,833,000 6.4 Audit 50,000 100,000 125,000 150,000 175,000 150,000 750,000 2.1 Phot ovoltaic Generation Activity (On-Grid Tranche) - - - 31,730,000 30,000,000 18,270,000 80,000,000 4.1 Off-Grid Clean Energy Facility Activity (Off- Grid Tranche) - - - 4,000,000 10,000,000 6,000,000 20,000,000 ANNEX II - 2 This Xxxxx XXX summarizes the monitoring 370,000 985,000 385,000 685,000 725,000 3,500,000 5. Program Management and evaluation plan for this Compact (“M&E Plan”). The actual structure and content of the M&E Plan, which may differ from those specified in this Annex III, will be agreed to by MCC and the Government in accordance with MCC’s Policy for Monitoring and Evaluation of Compacts and Threshold Programs (the “MCC M&E Policy”). In addition, the M&E Plan may be modified from time to time as described in the MCC M&E Policy without requiring an amendment to this Xxxxx XXX. The M&E Plan will be posted publicly on the MCC Website and updated as necessary. The Government will provide MCA-Benin II and MCC, as the case may be, with any information as may be required for the completion of the M&E Plan. In addition, the Program Implementation Agreement will stipulate, as necessary, a timeframe for the amendment and restatement of this Xxxxx XXX.Oversight Subtotal 1,450,000 2,515,071 2,415,156 2,365,844 2,387,152 2,866,777 14,000,000 TOTAL COMPACT BUDGET 3,350,000 15,635,071 33,900,156 39,150,844 36,972,152 10,991,777 140,000,000

Appears in 2 contracts

Samples: Millennium Challenge Compact, Millennium Challenge Compact

AutoNDA by SimpleDocs

Government Contribution. During the Compact Term, the Government will make contributions, relative to its national budget and taking into account prevailing economic conditions, as are necessary to carry out the Government’s responsibilities under Section 2.6(a) of this Compact. These contributions may include in-kind and financial contributions (including obligations of Benin Ghana on any debt incurred toward meeting these contribution obligations). In connection with this obligation the Government has developed a budget over the Compact Term to complement MCC Funding through budget allocations to each of the Projects ECG and Program AdministrationNEDCo Financial and Operational Turnaround Projects. The Government will make a contribution initially anticipates making contributions of approximately US$28,125,000 23,115,000 (or 7.5 percent of the amount of MCC Compact Implementation Funding and Tranche I Funding provided under this Compact) over the Compact Term. The Government will allocate such contribution in the national budget according to a multi-year plan. The Government will provide evidence Upon satisfaction of the approval thereof conditions precedent to MCC prior to entry into force. In the event that deobligation initial Tranche II Funding Disbursement, the Government anticipates making additional contributions of approximately US$14,250,000 (or 7.5 percent of the On-Grid amount of Tranche II Funding or the Off-Grid Tranche Funding occurs in accordance with Section 8.3(a) of provided under this Compact, the obligation for the corresponding Government contribution will cease to apply). Such contributions contribution will be in addition to the Government’s spending allocated toward such Project Objectives in its budget for the year immediately preceding the establishment of this Compact. The Government’s contribution will be subject to any legal requirements in Benin Ghana for the budgeting and appropriation of such contribution, including approval of the Government’s annual budget by its legislature. The Parties may set forth in the Program Implementation Agreement or other appropriate Supplemental Agreements certain requirements regarding this Government contribution, which requirements may be conditions precedent to the Disbursement of MCC Funding. During implementation of the Program, the Government’s contributions may be modified or new contributions added with MCC approval, provided that the modified or new contributions continue to advance the Project Objectives. 1. Policy Reform & Institutional Strengthening ECG Financial and Operational Turnaround Project Sub-total 1,673,000 5,689,600 11,860,600 11,030,600 7,183,600 3,790,600 41,228,000 Sub-total 6,804,000 14,994,400 17,642,400 15,711,600 721,600 - 55,874,000 – Tranche I Subtotal 7,600,800 17,914,100 35,006,000 41,223,000 38,071,400 9,746,450 149,561,750 2. NEDCo Financial and Operational Turnaround Project Subtotal 3,529,000 375,000 4,123,750 13,917,350 19,211,150 13,035,400 54,191,650 3. Electricity Distribution Regulatory Strengthening and Capacity Building Project Sub-total 2,779,000 23,797,400 33,032,400 27,318,400 16,262,200 6,521,600 109,711,000 Subtotal 3,250,000 975,000 425,000 350,000 - - 5,000,000 4. O ff-Grid Electricity Access Project - Tranche I 4.1 Off-Grid Clean Energy Facility Activity (Tranche I) - 1,055,800 6,055,800 13,167,400 - - 20,279,000 4.2 Enabling Environment for Off-Grid Electricity Activity 1,000,000 2,055,800 1,555,800 505,800 551,600 - 5,669,000 5.1 Monitoring and Evaluation 350,000 Subtotal 700,000 788,000 1,050,000 1,050,000 1,312,000 5,250,000 6.1 MCA-Benin II 4,344,000 4,412,000 3,536,000 3,472,000 3,617,000 5,192,000 24,573,000 6.2 Fiscal Agent 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,333,000 5,833,000 6.3 Procurement Agent 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,333,000 5,833,000 6.4 Audit 50,000 100,000 125,000 150,000 175,000 150,000 750,000 2.1 Phot ovoltaic Generation Activity (On-Grid Tranche) - - - 31,730,000 30,000,000 18,270,000 80,000,000 4.1 Off-Grid Clean Energy Facility Activity (Off- Grid Tranche) - - - 4,000,000 10,000,000 6,000,000 20,000,000 ANNEX II - 2 This Xxxxx XXX summarizes the monitoring and evaluation plan for this Compact (“M&E Plan”). The actual structure and content of the M&E Plan, which may differ from those specified in this Annex III, will be agreed to by MCC and the Government in accordance with MCC’s Policy for Monitoring and Evaluation of Compacts and Threshold Programs (the “MCC M&E Policy”). In addition, the M&E Plan may be modified from time to time as described in the MCC M&E Policy without requiring an amendment to this Xxxxx XXX. The M&E Plan will be posted publicly on the MCC Website and updated as necessary. The Government will provide MCA-Benin II and MCC, as the case may be, with any information as may be required for the completion of the M&E Plan. In addition, the Program Implementation Agreement will stipulate, as necessary, a timeframe for the amendment and restatement of this Xxxxx XXX.300,000 3,200,000 3,600,000 1,500,000 700,000 10,000,000

Appears in 1 contract

Samples: Millennium Challenge Compact

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!